Search Results: 2022

Photo: Isi Henry Leonard Tourism, Art and Culture Minister, Isi Henry Leonard has urged that Papua New Guinea must promote domestic tourism as a pathway forward in order to preserve, safeguard and promote the country’s culture. “I wanted to see a simple tourism industry that is more people oriented,” he said. The minister stated this to participatin...

Photo credit: Pixabay The amount of gross foreign exchange reserves at the end of June this year, according to acting Bank of Papua New Guinea governor Benny Popoitai, was US$3.2 billion (about K11.6 billion). At the end of December of last year, there were US$3.2 billion (about K11.3 billion) available. In the bank's March 2022 Quarterly Economi...

To promote private investments in Papua New Guinea's energy industry, the US government, through the US Agency for International Development (USAID), published an investor guide for the sector. The handbook was released in Port Moresby by USAID and the Investment Promotion Authority (IPA) in conjunction with the USAID-PNG Electrification Partnership (P...

Photo: Official ribbon-cutting ceremony at the reopening of the Tourist Information Centre The Tourism Promotion Authority (PNGTPA), just like all National Tourism Offices around the world, is welcoming travellers back to Papua New Guinea with the reopening of the Tourist Information Centre at the Jackson's International Airport in Port Moresby, Friday...

According to Australia's consul general Mark Fox, the country is contributing more than K1 billion to the development of Morobe's port and road infrastructure. According to Fox, investment in the industries was essential to propel the economy because of the province's contribution to PNG's economic growth. Australia is dedicated to providing high-qu...

Photo: Markham Valley, Morobe. Credit: PNG Facts According to Australian consul-general Mark Fox, the Australia-Papua New Guinea collaboration would concentrate on developing PNG's non-resource sector through a variety of initiatives. “While we know that growth in the resources sector in 2022 is expected to be strong at 2.6 per cent, the non-resourc...

Photo: James Marape Prime Minister Hon. James Marape recently (October 11, 2022) welcomed the latest World Bank report on Papua New Guinea. The latest World Bank Economic Update released last month says the economy in PNG is forecast to expand by 4 per cent in 2022, up from 1 per cent in the previous year. This return to growth following a sharp ...

Photo: Mr. Chey Scovel from the Manufacturers Council of PNG speaking in front of the others panelists. Panelists at the Third European-PNG Business, Trade and Investment Conference on the 10th of October, 2022 at Apec Haus Port Moresby, speaking on the topic of "Navigating the business environment - the impact of the regulatory framework for business,...

Photo: Papua New Guinea Prime Minister James Marape poses with Barrick Gold Chief Executive Mark Bristow in the capital of Port Moresby, Papua New Guinea, October 15, 2020. Credit: Papua New Guinea Prime Minister's Media Office Prime Minister Hon. James Marape has welcomed Barrick Gold President and CEO Mark Bristow and Newcrest Mining Ltd Managing-Dir...

Photo credit: K92 Mining K92 has announced a strong production result for the third quarter of 2022. John Lewins, K92 Chief Executive Officer and Director, stated, “In the third quarter, Kainantu delivered one of our most complete quarters to date and marked another important step forward in expanding operations with near-record production and multi...

Photo credit: China Daily According to an official, the governments of China and Papua New Guinea are collaborating on a feasibility assessment for a prospective bilateral free trade agreement (FTA). According to a representative for the Chinese embassy, the FTA may help to increase bilateral commerce, particularly in the food and agriculture sector...

Photo: (L-R) Deputy Controller National Pandemic Response Dr. Daoni Esorom, Minister for Tourism Arts & Culture Hon. Isi Henry Leonard, PNGTPA CEO Mr. Eric Mossman Uvovo. Credit: PNGTPA Tourism Promotion Authority has announced the re-opening of Cruise Tourism into the country. Chief executive officer Eric Mossman Uvovo said that the cruise tourism...

Photo credit: Paga Hill For the country to produce more cocoa, there has to be more cooperation between the provincial administrations and the local cocoa farmers. The partnership is the only way to forward the work, according to Albert Nukuitu, chairman of the Papua New Guinea Cocoa Board. He stated that the PNG Cocoa Board is committed to such ...

A potential large-scale rice farming company in the Philippines will be sending a delegation to Papua New Guinea in November this year to evaluate the country’s potential for large-scale rice farming in Central Province. Richard Maru, the minister for international trade and investment, emphasised this as one of his accomplishment goals during a recent...

Photo credit: Papua New Guinea Customs Facebook Page  A total of K7.4 million in duties (taxes) and penalties (fines) have been recouped from enforcement operations by the PNG Customs Services. With a new direction, reform and approach the efficient recovery process was a result of the tireless efforts shown by the Customs enforcement team. The enforce...

Photo: International Trade and Investment Minister Richard Maru (left), PM Marape and East Sepik Governor Allan Bird meeting with executives of leading Japanese company Sojitz Corporation in Tokyo Department of International Trade and Investment will be a “one-stop shop” for all large foreign investments in Papua New Guinea, according to Prime Minister...

Photo credit: PNGEITI An undertaking by state owned Kumul Petroleum Holdings Limited (KPHL) to increase its PNGLNG equity through a conditional arrangement between PNGLNG partner Santos has raised concerns over the lack of transparency surrounding the whole arrangement and the partial financial transaction that already took place between the parties in...

Photo credit: European Union The Delegation of the European Union in Papua New Guinea, the PNG National Trade Office, PNG Investment Promotion Authority, Department of Commerce and Industry and the PNG-Europe Business Council hosted a joint Press Conference at Lamana Hotel on the 3rd of October 2022 regarding the Third EU - PNG Trade, Business and Inve...