The Ihu Special Economic Zone project in Gulf Province's Kikori District is presently in its second phase of development. The second phase of the Ihu SEZ has been funded with a total of K10 million, according to Peter Kengemar, the project director. He stated that for the first five years of phase two development, K20 million from the K100 million a...

After the general election, getting significant resource projects off the ground must be a top priority for the administration, according to an official. Rio Fiocco, head of the Port Moresby Chamber of Commerce and Industry, said these initiatives will bring in foreign cash and help to the country's overall economy. He said that the projects' spinof...

Photo credit: Department of PM&NEC Prime Minister Hon. James Marape has today congratulated the Member for Lae and Minister for Lands and Physical Planning, Hon. John Rosso, on his appointment as the new Deputy Prime Minister of Papua New Guinea. PM Marape said the appointment was made to honour and pay respects to the life and work of Deputy Pr...

The EU Funded UN Joint STREIT Programme in Papua New Guinea has made progress in delivering technical assistance to the beneficiaries since the beginning of 2020. To address existing the challenges induced by COVID-19 Pandemic, there is a need to further scale up cooperation and partnership among stakeholders to speed up the pace of implementation of the ...

On the strength of planned resource developments, the Australia New Zealand Bank (ANZ) anticipates good economic growth for the country. Businesses' investment is projected to turn back in the second half of the year, according to the bank's Pacific forecast. The next phase of gas projects will be the primary driver, with Papua LNG expected to enter...

Photo credit: Expo2020 Dubai UAE: Papua New Guinea pavilion The 6-month world Expo2020 in Dubai has ended on the 31st of March with great success giving different participating countries including the Papua New Guinea expo team great learning experiences and key take away tasks to implement to further develop the country’s economy.   The Papua New G...

Photo: Antonio Narokobi receiving his Certificate of Recognition from the Commissioner General of Expo2020, His Excellency Mr. Joshua Kalinoe, Papua New Guinea’s Ambassador to Belgium and the EU A young 13 year old Papua New Guinean living in Dubai has been recognized for representing his country at the UN organized Youth Manifesto Young Ambassadors ev...

In its ongoing mission to mainstream gender concerns and youth inclusion into the agri-food value chain, the EU Funded UN Joint STREIT PNG Programme in Papua New Guinea, in partnership with stakeholders, has conducted 12 sensitisation sessions and training workshops covering 5000 plus farmers, villagers, officials, extension service workers and students i...

Photo credit: PNG Women Entrepreneurs Connect Facebook Page Papua New Guinea Women Entrepreneurs Connect, whose objective is to empower and motivate women to be successful in business, today signed a Memorandum of Understanding (MOU) with PNGX Markets, the PNG Digital ICT Cluster, Emerging Venture Management (Unkapt) and Pacific Capital Markets Develop...

Photo credit: Education Queensland International “International students are an important part of the Australian community, and we are excited to welcome them back to our classrooms, campuses and communities.”  This was the announcement posted on their website by the Australian Government last February to herald the reopening of international travel...

Photo credit: Coral Sea Cable System The internet connectivity disruption last week was caused by problems with the Coral Sea Cable System, according to PNG DataCo Limited (DataCo) (CS2). DataCo chief executive officer Paul Komboi said: “The issues are isolated to the end devices or nodes in Port Moresby and Sydney affecting internet traffic and pri...

National Information and Communications Technology (Nicta) chief executive officer Kila Gulo-Viu said Vodafone has inked agreements with Digicel and Telikom to secure connections with the two networks. “Telikom and Vodafone concluded an interconnection agreement last Wednesday. This a very important development in the context of competition as both sub...

Hon. James Marape has encouraged Hela residents to start companies, particularly commercial agriculture, and to pursue education. PM Marape made the announcement in front of thousands of people in Tari at the opening of the spectacular K8 million National National Bank (NDB) Building, dubbed Moses Liu Haus in honor of the late Moses Liu, former NDB man...

Photo credit: NBC National Radio After 45 years, the PNG National Employment Policy 2021-2031 was launched, marking PNG's entry into the global economy. Prime Minister James Marape stated this during the policy's unveiling at APEC Haus in Port Moresby last week. With a greater grasp of the numerous issues that a rapidly growing economy poses, he ...

Photo credit: Peoples Micro Bank According to State Enterprises Minister William Duma, the Government has allowed the Peoples Micro Bank Limited to become a full-fledged commercial bank. “This means the bank and Kumul Consolidated Holdings (KCH) can now implement venture into retail banking and commercialisation of its operations,” he said. “The ...

According to James Marape, the concept of special economic zones has been demonstrated to operate around the world. He addressed this in Kerevat, East New Britain, during the launch of the Gazelle Agro-Industrial Special Economic Zone (SEZ), a brainchild of MP Hon. Jelta Wong, will concentrate on the country's abundant agriculture and tuna resources. ...