Photo credit: RNZ - Mining Minister, Johnson Tuke  As a growing economy, the government of Papua New Guinea is open to international investment, with no limits on who may do business with them, but they must adhere to the country's rules. This is according to Johnson Tuke, the Mining Minister, who just signed a blanket Memorandum of Understanding (M...

Photo credit: PNG World Expo 2020 Papua New Guinea received the first state minister from the United Arab Emirates on the 10th of November at its pavilion in the world expo in Dubai. His Excellency Ahmed Al Sayegh, Minister of State and Chairman of Abu Dhabi Global Market (ADGM) graced the PNG pavilion with his presence as part of his expo pavilion ...

Photo credit: China Embassy in PNG - On 2 November, Chinese Ambassador Zeng Fanhua held a virtual meeting with Minister for State Enterprises William Duma. Both sides exchanged views on further deepening practical cooperation between China and PNG. The Chinese ambassador to PNG, Fanhua Zeng, said the process of hastening a free trade agreement between ...

Prime Minister James Marape has expressed his delight at the news that a four-year leadership dispute at the Securities Commission of Papua New Guinea has been settled. The commission is in charge of the organic capital market's growth and development. According to the PNG National Stock Exchange (PNGX) Markets Ltd, this has been a significant impedime...

Photo credit: Loop PNG -  Australian High Commissioner Jon Philp Over the next five years, Australia will expand its climate finance contribution to AU$2 billion (about K5.07 billion). According to the Australian High Commission, this represents an increase of AU$500 million (K1.2 billion) above its previous commitment of AU$1.5 billion (K3.8 billio...

Photo credit: PNG PM Media Prime Minister James Marape stated that the country has room for one or two more banks. Marape said the Government was looking at the Bendigo bank model where firms may operate under a franchise when introducing the PNG Think Tank's online crowdfunding concept last week to gather funds to establish a PNG small-to-medium en...

Photo credit: Marc Dozier According to the PNG National Statistics Office, Papua New Guinea's current price gross domestic product (GDP) for 2019 was K83.8 billion, up 5.6 per cent (K4.4 billion) over 2018. (NSO). Jennifer Balen, head of the NSO accounting branch's combined accounts division, said that current price GDP, or nominal GDP, reflects cha...

Link PNG has received permission from the Independent Consumer and Competition Commission for a code-share agreement with PNG Air Limited, except the Joint Operations Agreement. On April 9, 2021, Link PNG applied for approval under Section 70 of the Independent Consumer and Competition Commission Act 2002 to engage into and give effect to a proposed Jo...

In the following years, the Papua New Guinea Ports Corporation Ltd (PNG Ports) claimed its network of ports will be receiving multi billion kina worth of restoration. A substantial portion of infrastructural development funds will be distributed to ports, namely those operated under PNG Ports' community service obligation (CSO). The rehabilitation a...

Photo credit: PNG Buzz President Hon. Ishmael Toroama has congratulated all Members of the Fourth Bougainville House of Representatives for completing the first year in office since the inauguration in 2020. President Toroama made this statement during parliament this week, highlighting that September 29 this year marked the first year of the Toroam...

Photo credit: Department of PM&NEC The Prime Minister’s Special Envoy to the 26th Conference of the Parties, Hon. Wera Mori, says Papua New Guinea anticipates on firmly drawing tangible outcomes from the COP26 Leaders’ Summit, in Scotland.   He made these remarks during the first day of the COP26 Leaders’ Summit (Monday), where he intends to mak...

Photo credit: Department of the Prime Minister and Cabinet - Prime Minister of Papua New Guinea James Marape and Australian Prime Minister Scott Morrison Australia and Papua New Guinea have agreed to join forces to create an efficient and accessible carbon market for the region under the Indo-Pacific Carbon Offsets Scheme. Following talks with PNG’s...

Photo credit: Papua New Guinea Today - Treasurer Ling-Stuckey received by World Bank VP Manuela Ferro at World Bank HQ in Washington DC.USA COVID-19 and Climate Change were the topics of discussion between Papua New Guinea and the World Bank. According to Ian Ling-Stuckey, the Treasury Minister of Papua New Guinea, “My recent meeting with World Bank Vi...

Photo credit: Papua New Guinea Today - Treasurer Ling-Stuckey receives briefing from USAID Officials at the Ronald Reagan Building and International Trade Center in Washington DC.USA. The United States Aid to Papua New Guinea and the Pacific is rising. The treasury minister of Papua New Guinea, Ian Ling-Stuckey, stated this. “In discussions in Washi...

Photo credit: PNG Department of Information & Communications Technology - Minister for Treasury, Hon. Ian Ling-Stuckey (left) accompanied by Principal Advisor, Dr Misty Baloiloi in front of the US Department of Treasury , adjacent to the White House, 19 October 2021. In order to modernize PNG's anti-money laundering legislation, the Minister of Tre...

PNG has received a K13 million donation from Japan for road construction equipment. Japanese Ambassador Kuniyuki Nakahara and Minister of Foreign Affairs and Trade Soroi Eoe signed the agreement on paper. Eoe expressed gratitude on behalf of the people and government of PNG, particularly the recipient provinces, to the people and government of Japan...