Search Results: fish

According to James Marape, Papua New Guinea's "strategic position" in relation to Asia's main economies must be used by the country's business community and transformed into commercial possibilities, particularly in the field of food production and supply. The Prime Minister noted that the populations of the Philippines, China, and Indonesia are likely...

From the 3rd to the 8th of February 2022, James Marape, MP will make official trips to the People's Republic of China (PRC) and then to France from the 9th to the 13th of February 2022. The Prime Minister is visiting the PRC at President Xi Jinping's invitation to attend the Beijing Winter Olympics opening ceremony on February 4th. Apart from this sign...

Photo: Paga Hill Development Hon. Prime Minister James Marape has told the Papua New Guinean business community and international investors that the country's economy would continue to develop in the coming years, with even more growth expected in the next five years as significant national investment projects come online. The Prime Minister spoke r...

According to the New Ireland Chamber of Commerce and Industry, local jobs would be produced throughout the upgrading and refurbishing of ports around the nation, which will cost roughly K1.48 billion. Nolis Thomas, president of the Chamber, said the initiative might boost the province's export earnings. The Australian government has granted AU$580 m...

Stephen Mombi, the Acting Secretary of Agriculture and Livestock, complimented the European Union for sponsoring the EU-STREIT PNG Program, which focuses on the development of sustainable agri-food value chains in the Sepik area. Mr Mombi was presenting at a two-day Geographical Indication (GI) Awareness Conference recently hosted in Port Moresby by th...

Photo credit: Post Courier  The recently opened Voco Point Coastal Fisheries Hub has the potential to transform PNG's fisheries growth. Fisheries Minister Dr Lino Tom and Morobe Governor Ginson Saonu recently opened the K105 million project in Lae. The National Fisheries Authority (NFA) intends to rebuild its land holdings and properties at Voco ...

World Bank and UNICEF surveys of Papua New Guinean families have found that while levels of employment, access to education and healthcare remained relatively stable from January to June 2021, 93% of households in PNG had used at least one economic coping strategy since the beginning of 2021, and 40% had used five or more coping strategies. According t...

According to the current issue of the Asian Development Bank's (ADB) Pacific Economic Monitor (PEM), the Pacific economies are expected to return in 2022. While the Pacific region's GDP prediction was cut to -0.6 per cent in 2021 in the ADB study, the subregion is expected to increase by 4.7 per cent in 2022 as widespread immunization against coronavir...

Photo credit: PM Marape News Page - Warangoi project Prime Minister Hon. James Marape recently opened the K83 million 10 Megawatt Warangoi PNG Power Ltd (PPL) Hydro Power Project Major Rehabilitation Project in rural Pomio, East New Britain, with an assurance to landowners that they would be paid the K5 million they wanted for use of their land and wat...

Mangrove seedlings [Photo credit: Sarangib, from Pixabay] In celebration of World Environment Day last June, there were 600 school children who took part in planting 700 mangrove seeds along the coastline of Riwo, Madang Province. The celebration's theme for this year is "Ecosystem Restoration". The mangrove planting activity was made possible throu...

According to estimates provided by the Chinese Embassy, last year's trade volume between PNG and China totalled US$3.21 billion (about K11 billion). PNG's exports to China totalled US$2.29 billion (K7.85 billion), while imports from China totalled US$920 million (K3.1 billion), indicating a trade surplus. In order to boost bilateral commerce, the tw...

Photo credit: PM James Marape News Page - PNG Tourism Promotion Authority CEO Eric Mossman Uvovo, Tourism Minister Hon. Isi Henry Leonard, TPA Chairman Hon. Kennedy Wenge and PM Marape with children representing the four regions of the country at launching of the PNG Tourism Sector Development Plan 2022-2026 in Port Moresby. Prime Minister James Marape...

Photo credit: National Fisheries Authority The National Fisheries Authority (NFA) has provided K5 million as a final transaction for the acquisition of property for a fisheries centre that was in the process of being liquidated. The site at Rabaul, East New Britain Province, has been obtained for a fisheries centre, on which the NFA has begun constr...

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 ...

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: PNG Buzz / Papua New Guinea's State Enterprises Minister, Sasindran Muthuvel (left), Prime Minister James Marape (centre) and the chairman of Fortescue Metals Group of Australia, Andrew Forrest, sign an agreement in Port Moresby back in September 2020. PRIME Minister Hon. James Marape, MP says Papua New Guinea’s partnership with Dr. Andre...

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...

According to the National Fisheries Authority, the country's fish and fisheries goods exports exceeded K1.5 billion last year (NFA). This was said by managing director John Kasu during the beginning of the national fisheries judicial conference, which is now taking place in Port Moresby. “The importance of fisheries to Papua New Guinea and the econo...