Search Results: 2022

Photo credit: Papua New Guinea Today Mark T. Robinson has been named group chief executive officer of Bank of South Pacific Financial Group Limited. With over 30 years of experience in establishing, developing, and emerging economies, Mr. Robinson is a senior financial services executive and a seasoned banking Chief Executive Officer. Mr. Robinso...

Photo credit: Post Courier The American Embassy in Port Moresby has called on the Ministry of International Trade and Investment expressing their strong interest to work with the Ministry to bring in more foreign direct investments from the United States to Papua New Guinea. American Embassy in Port Moresby Charge d'Affaires Joseph Zadrozny stated t...

Papua New Guinea faces competition for technical workforce as the government pushes ahead with projects in the mining, petroleum and gas resource sector in 2023 onwards. Projects like Wafi-Golpu, Papua LNG, Porgera, and P'nyang are some of the ones that are likely to get off the ground, according to Richard Kassman, Senior Vice President of the PNG Cha...

The third EU-PNG business, trade and investment Conference is a demonstration of the European Union’s commitment to strengthen business, trade and investment ties between PNG, member states of the EU-Pacific Economic Partnership Agreement (EPA) and the Asia, Pacific region as a whole. This year’s edition attracted more than 700 participants from both the ...

Photo credit: PNG Chamber of Mines and Petroleum The 16th PNG Mining and Petroleum Conference, to be held in Sydney in December, looks set to be sold out in the next 3 weeks with over half of the 1300 seats already snapped up with over a month to go until the Conference, amid a wave of interest from international investors,  said PNG Chamber of Mines a...

The New Porgera Limited now stands as the guiding platform to ensure proper governance and transparency of the operations of the mine, once reopened, will be unlike before. New Porgera Limited chairlady Nellie James said the incorporation of New Porgera Limited will be for Porgera Mine as the previous unincorporated venture running of operations and sa...

For the duration of 2023, the agriculture sector's planned operations would require a budgetary expenditure of K1 billion. Dr. Nelson Simbiken, acting secretary for the Department of Agriculture and Livestock, stated that the government must provide between K500 million and K1 billion to the sector if K1 billion is not possible. Nine commodity secto...

Photo credit: United Nations The likelihood that Papua New Guinea won't achieve its 2030 Sustainable Development Goals Agenda is increased by figures indicating a drop in world food production. Bir Mandal, the country representative and head of the office for the Food Agriculture Organization (FAO), noted that in only two years, the number of people...

According to Prime Minister James Marape, commercial agriculture, fisheries, and forestry will be used to strengthen the rural economy of the nation. Marape stated that a strong agricultural foundation was a goal of the government. “Growing the rural economy through agriculture presents many opportunities,” he said. “We must explore commercial ag...

Photo: James Marape Papua New Guinea will have the financial room it needs to support the country's growth with a K200 billion economy. Prime Minister James Marape said that since his election as Prime Minister in 2019, he had held firm on his view that PNG had the potential to transform the nation into a K200 billion economy. “This requires that...

Photo: US Congressman of Hawaii, Ed Case The American Chamber of Commerce (AmCham) Coral Sea hosted a roundtable discussion with US Congressman Ed Case of Hawaii on Wednesday 19th of October 2022 at its Port Moresby based Office. The AmCham was launched earlier this year to promote sustainable economic growth, foreign investment and greater opportuniti...

One hundred percent locally owned Sky Health and Medical Service (SHMS) Clinic is expanding its services to international standards. It is working with Papua New Guineans business houses and the government health sector to deliver maximum services as it will officially open its 8Mile headquarter Clinic in a few weeks in Port Moresby. An official tou...

Photo: (From left) Dawn Robinson, Project Wok Coordinator of Project Yumi Inc.; Project Yumi PNG Regional Coordinator Jessica Bablis; and General Manager of FX Business Centre Jeremy Nicdao presenting the Cheque FX Business Centre is assisting in the setup of the Pari Early Childhood Centre in the Central Province by donating K5,500 to Project Yumi Inc...

Photo credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape has given the green lights to Japanese think tank Japan Development Institute (JDI) to start work on developing a new Special Economic Zone (SEZ) Master Plan for Papua New Guinea. He gave the blessing following a meeting with JDI CEO and Chai...

“The Prime Minister and Hon. James Marape’s opening address at the 11th Parliament session on “Restructuring Governance and Real Development Outcomes” was well received by the market,” said BSP Group General Manager for Corporate Banking, Peter Beswick. According to Beswick, “The message of the Prime Minister was well received. With its key focus on su...

The Grand Papua Hotel in Port Moresby is a proud winner of The Luxury Hotel Awards 2022. The Luxury Hotel Awards recognizes and celebrates the hotel industry worldwide, with votes cast by travellers, guests, and industry players. It is the third year the Grand Papua Hotel has entered the Luxury Hotel Awards and we are proud to have been awarded the fol...

Photo credit: Department of Prime Minister & National Executive Council The country’s treasurer, Ian Ling-Stuckey addressed the parliament when it resumed recently that Papua New Guinea’s domestic outlook on the state of the economy looks to be improving but the current global trend on the international economic situation is looking uncertain and s...

Prime Minister, Hon.  James Marape has urged the country and its people to aspire to be more productive. In his diligence in aiming for the country to achieve economic independence, Prime Minister Marape has forged new ties for trade and investment during his trip and also helped in consolidating relations between PNG and the countries he visited. The...