Photo credit: Herald Sun Prime Minister Hon. James Marape, MP acknowledged the Telstra announcement through a Market Release on the 25th of October 2021 that Telstra will acquire Digicel Pacific. He acknowledged that this is a commercial transaction that has been concluded under the present regulatory environment which encourages investments in the sec...

Isikeli Taureka's position as managing-director (MD) of Kumul Consolidated Holdings (KCH) was terminated by the National Executive Council (NEC) recently. Professor David Kavanamur has been appointed as interim MD until a permanent appointment is made, and Moses Maladina, the current chairman of PNG Power Ltd, has been named as acting chairman. Taur...

Telstra has announced that it will buy Digicel Pacific for $US1.6 billion, plus up to an additional US$250 million based on business performance over the next three years, subject to government and regulatory approvals. In its six South Pacific markets – Papua New Guinea, Fiji, Nauru, Samoa, Tonga, and Vanuatu – Telstra, Australia's leading telecommuni...

Papua New Guinea Expo Commissioner General and Ambassador to Brussels and European Union Joshua Kalinoe with Click Media CEO and Founder Ms. Noha Jaheen taking a tour of the PNG Pavilion after the PNG investment forum. The Papua New Guinea Expo2020 team in Dubai successfully delivered the first investment forum to the global audience in collaboration w...

His Excellency Nooh Alhammadi, (Left), Director for East Asia and the Pacific (including Papua New Guinea) of the UAE Ministry of Foreign Affairs and International Cooperation receives a Sepik bilum from Papua New Guinea’s Ambassador to Belgium and the EU and Commissioner General for Expo2020, H E Ambassador Joshua Kalinoe. Ambassador Kalinoe is also the ...

Forest Minister Hon. Walter Schnaubelt (left) meeting with UAE Minister for State for International Cooperation and Director General of World Expo2020 Her Excellency Reem Ephraim Al Hashimy. Photo: Courtesy of PNG Expo2020 Media. Papua New Guinea and the United Arab Emirates reached an understanding to strengthening and deepening relations during the b...

Last Friday, October 15th, Treasurer Ian Ling-Stuckey met with the United Nations' second most senior official in New York. Ling-Stuckey expressed his satisfaction with the informative and productive conversations he had with Amina Mohammed, the Deputy Secretary-General of the United Nations, on incorporating the Sustainable Development Goals (SDGs) in...

Photo credit: Loop PNG - Paulus Ain According to the Independent Consumer and Competition Commission (ICCC), fuel costs may decline as a result of travel limitations imposed by the Coronavirus (Covid-19). The Covid-19 epidemic, according to Commissioner and Chief Executive Officer Paulus Ain, might affect travel and hence lower demand for gasoline. ...

According to PNG Ports Corporation Ltd, the country's two international marine ports have developed considerably in the last four years. According to statistics released last month, cargo volumes increased by 204,518 20-foot equivalent units (TEU) this year, while vessel turnaround time decreased by approximately 50%. PNG Ports owns the Lae and Motu...

According to Des Yaninen, president of the Micro Small Medium Enterprise (MSME) Council, a reduction in employment nationally reflects the current situation of the economy. Commissioner-general of the Internal Revenue Commission (IRC) Sam Koim indicated that private sector employment has decreased, as evidenced by a drop in the salary and earnings tax ...

Photo credit: The Autonomous Bougainville Government The Autonomous Bougainville Government and the Independent Consumer and Competition Commission signed a Memorandum of Understanding today in Buka, which now marks the beginning of the drawdown of full powers from the consumer watchdog to the ABG.  The drawdown process falls under the SHARP Agreeme...

The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) today signed a $325 million loan to help fund tranche 2 of the Sustainable Highlands Highway Investment Program, a key transport development connecting some of PNG’s most remote rural communities and farmers to services and market opportunities. ADB Director General for the P...

According to the Asian Development Bank, Papua New Guinea's economy will remain difficult in the short term until some resource projects begin (ADB). Edward Faber, a country economist with the Asian Development Bank in PNG, said the country was presently dealing with a variety of challenges, including the impact of the Coronavirus (Covid-19) epidemic, ...

Photo credit: According to the Bank of Papua New Guinea, total real GDP would rise by about 1.0 per cent in 2021, compared to a previous projection of 2.5 per cent in the bank's March monetary policy statement, Michael Sullivan, President of the Papua New Guinea-European Union Business Council, said. Sullivan made the remarks at the Lamana Hotel in ...

Photo credit: The National According to State Enterprises Minister William Duma, the Telikom-bmobile merger is on track, with a big announcement expected next month. Duma said he couldn't talk about the merger yet since there were other parties involved and business agreements to think about. Prime Minister James Marape stated last month that the tw...

Photo credit: BSP BSP Financial Group Limited (BSP) has confirmed that BSP shareholders can transfer all or part of their BSP shares to the ASX and trade them on the ASX Market. BSP Financial Limited Group CEO Robin Fleming noted that since the company's listing on the Australian Stock Exchange (ASX) in May, stockholders have been able to trade on t...