Search Results: 2022

Photo credit: National Airports Corporation Papua New Guinea Facebook Page The key partners in the Civil Aviation Development Investment Program (CADIP) in Papua New Guinea have signed a Memorandum of Understanding (MoU) for the Phase-2 of CADIP. The National Airports Corporation, Asian Development Bank ADB in the Pacific, Department of National Pla...

To create an enabling environment including farm-to-market roads to support cocoa, vanilla and fisheries farmers in the Greater Sepik Region, the ILO under EU Funded UN Joint STREIT PNG Programme, has recently engaged three local contractors to commence rehabilitation and specific maintenance of four farm-to-market access roads totalling 52.1 km in the Se...

Photo: TB HEO and No Buai Day campaign leader Teresa Koratsi. World No Buai Day is Friday October 7.  As COVID-19 restrictions ease, Businesses for Health is encouraging people who want to end their chewing habit to sign up for their “World No Buai Day” campaign.  COVID-19 has disrupted work and social lives in so many ways. It’s also had some unexp...

Richard Sinamoi, the chairman of Credit Corporation, says they intend to list on the Australian Securities Exchange Ltd. (ASX). Sinamoi stated that it was in the plans for the upcoming three to five years during the company's annual general meeting last week. “Of particular importance is that following the board’s strategic review in Full-year (FY21...

Photo credit: Department of Agriculture and Livestock The PNG Agriculture Commercialisation and Diversification Project will get US$40 million (K120 million) in financing from the World Bank. The money will help 12 provinces that have been identified establish competitive and varied agricultural value chains for specific commodities like coffee, coc...

In addition to other topics, Papua New Guinea will speak at the second United Nations Oceans Conference in Lisbon, Portugal, about the recently authorised Global Climate Fund component. Other issues PNG will bring up include the passing and implementation of maritime transportation legislation, particularly the usage of the Jomard Passage by large vess...

According to Reg Monagi, chairman of Nambawan Super Ltd (NSL), global inflation is increasing swiftly and rising living expenses. It was one of the difficulties experienced this year, according to Monagi, who spoke at the NSL employers' conference in Port Moresby. “The global market has been volatile as (it) reacts to the Ukraine-Russia conflict, re...

Photo: Minister John Simon According to Minister John Simon, the Department of Agriculture and Livestock has the capacity to give the country economic independence within the next five to ten years. He claimed that around 90% of those who reside in rural areas are actively engaged in agriculture. The goal of the government is to increase output and ...

Photo credit: CPL Group - Mr. Navin Raju For its 2021 financial year results, The City Pharmacy Group Limited recorded a trading profit of K23 million. Despite fiercer competition, significant increases in the cost of goods, freight charges, and COVID-19, this represents a 6% gain over 2020. A 4 toea per share full and final dividend has also bee...

Photo credit: Papua New Guinea Today The National Agriculture Quarantine and Inspection Authority has launched its 10-year biosecurity policy 2022-2032, the first for the authority and the country since Independence. The policy will put an emphasis on easing trade inside the nation while also addressing the problems and difficulties the nation faces...

Epiroc has won a large order for mining equipment from Rio Tinto in Australia.  Rio Tinto, one of the world’s largest mining companies, has ordered several Epiroc Pit Viper 271 drill rigs that will be retrofitted by Rio Tinto with autonomous capabilities, as well as SmartROC D65 drill rigs that also are loaded with intelligent features. They will be us...

Photo: The Wantok Shop - Crowne Plaza Residences Port Moresby The ‘Grim Jordan’ paintings on exhibition at the Crowne Plaza Residences Port Moresby, are on display both within the hotel and at the Port Terrace Restaurant & Bar. The unique art pieces showcase a mixture of local traditional culture intrinsically woven into a contemporary and quite de...

Photo credit: Newcrest Mining According to Dr. John Kuwimb, managing director of Kumul Minerals Holdings Ltd (KMHL), the government plans to exercise its option to acquire up to the full 30% equity in the K18.5 billion Wafi-Golpu project in Morobe. Kuwimb stated that KMHL was looking forward to taking part in upcoming projects, particularly those in...

Photo credit: Kumul Mineral Holdings According to a representative, a new company will be established as soon as Mineral Resources Enga (MRE) signs the shareholders' agreement for the new Porgera mine. Kumul Mineral Holdings Ltd (KMHL) managing director Dr. John Kuwimb said: “The moment they sign it, we will move to the next stage (which is) the inc...

Local contractors of Porgera Joint Venture (PJV) and others benefitting from the Porgera mine lost around K110 million since the mine closed two years ago, an official says. According to Nickson Pakea, head of the Porgera Chamber of Commerce and Industry, there were about 700 small-to-medium-sized businesses (SMEs) and 176 contractors affected. “Mos...

The rise of flights into particular provinces and the influx of people into the province are projected to boost domestic tourism in the coming months. According to Eric Uvovo, Chief Executive Officer of the PNG Tourism Promotion Authority (TPA), Domestic travel, he said, is projected to see a significant spike in domestic tourism now that the Nation...

The PNG Extractive Industries Transparency Initiative has praised the Mineral Resources Authority's and mine operators' efforts in developing a digital platform that would give real-time mineral data from all of the country's main mines. According to Lucas Alkan, the National Secretary of the PNG Extractive Industries Transparency Initiative (PNGEITI)....

Photo credit: PNG Haus Bung The National Airports Corporation has inked an agreement with the Port Moresby Technical College to provide students with job opportunities. The MoU is the first of its sort for NAC with a national training institute, according to managing director Rex Kiponge. He stated that NAC and Port Moresby Technical College will...