Search Results: 2022

Photo credit: Rocky Roe - PM Marape addresses the forum Prime Minister James Marape claims that Papua New Guinea is a good location to invest. The Prime Minister recently spoke at the 37th Australia-Papua New Guinea Business Forum and Trade Expo in Brisbane. “To attract and lock in investments, we are opening up special economic zones that offer ...

The Ihu Special Economic Zone project in Gulf Province's Kikori District is presently in its second phase of development. The second phase of the Ihu SEZ has been funded with a total of K10 million, according to Peter Kengemar, the project director. He stated that for the first five years of phase two development, K20 million from the K100 million a...

After the general election, getting significant resource projects off the ground must be a top priority for the administration, according to an official. Rio Fiocco, head of the Port Moresby Chamber of Commerce and Industry, said these initiatives will bring in foreign cash and help to the country's overall economy. He said that the projects' spinof...

The EU Funded UN Joint STREIT Programme in Papua New Guinea has made progress in delivering technical assistance to the beneficiaries since the beginning of 2020. To address existing the challenges induced by COVID-19 Pandemic, there is a need to further scale up cooperation and partnership among stakeholders to speed up the pace of implementation of the ...

According to Madang Chamber of Commerce and Industry President Kevin Murray, the Pacific Marine Industrial Zone (PMIZ) project in Madang would increase the province's fisheries industry. Despite the lack of certainty about the project, Murray claimed that residents in the Madang area support it because it will create employment. “A number of canneri...

The PNG Electrification Global Information System has been created by the United States Agency for International Development. Off-grid energy providers can use the Electrification Global Information System (GIS) platform to find prospective mini-grid locations and regions for selling stand-alone solar goods. Sean Callahan, USAID's Deputy Mission Dir...

On the strength of planned resource developments, the Australia New Zealand Bank (ANZ) anticipates good economic growth for the country. Businesses' investment is projected to turn back in the second half of the year, according to the bank's Pacific forecast. The next phase of gas projects will be the primary driver, with Papua LNG expected to enter...

Since the start of LNG production, more than K14 billion has delivered sent to the state from the PNG LNG project. ExxonMobil in 2021 delivered K2.2 billion to the State. K7.1 billion to Kumul Petroleum Holdings Limited and an estimated K4.5 billion in various taxes were paid to the Internal Revenue Commission since Production in 2014. “The revenues...

Governor Sir Peter Ipatas claims that the Enga provincial administration has lost over K70 million since the closure of the Porgera gold mine two years ago. Sir Peter stated that during the mine's closure, all parties suffered losses, but that everyone must wait for the final agreement for the mine's reopening to be inked. He added that landowners a...

Photo: Mr. Rajest Mandjakkat, CEO and Managing Director of Royal Arabian Computers going through the USD1.2m one-stop-shop Destination PNG Tourism Portal project with Amb Kalinoe, flanked by Mr. Sajeth Kumar, CEO and MD of IMBC Financial Professional Group and Dubai-based Trade and Investment Advisor to the PNG Embassy in Brussels (right) and an official ...

In its ongoing mission to mainstream gender concerns and youth inclusion into the agri-food value chain, the EU Funded UN Joint STREIT PNG Programme in Papua New Guinea, in partnership with stakeholders, has conducted 12 sensitisation sessions and training workshops covering 5000 plus farmers, villagers, officials, extension service workers and students i...

Photo credit: K92 Mining Inc. K92 Mining Inc. is pleased to announce financial results for the three months ended March 31, 2022. Safety Strong focus on safety with one of the best safety records in the Australasia region since commencement of operations. Proactive and focused management of COVID-19. K92 has continuously operated throughout ...

Photo credit: Migration Plus Migration Plus is a leading Migration firm in Cairns, in the Far North Queensland region providing professional migration advice to students, individuals, government, businesses and corporate groups including the mining, hospitality, tourism, agricultural and air services industries. Migration Plus are also Education Age...

Photo credit: Education Queensland International “International students are an important part of the Australian community, and we are excited to welcome them back to our classrooms, campuses and communities.”  This was the announcement posted on their website by the Australian Government last February to herald the reopening of international travel...

Photo credit: Coral Sea Cable System The internet connectivity disruption last week was caused by problems with the Coral Sea Cable System, according to PNG DataCo Limited (DataCo) (CS2). DataCo chief executive officer Paul Komboi said: “The issues are isolated to the end devices or nodes in Port Moresby and Sydney affecting internet traffic and pri...

The multi-billion-kina Porgera gold mine in Enga, according to Porgera Chamber of Commerce and Industry head Nickson Pakea, must reopen shortly to promote economic activity and solve criminality in the district. “The law and order issues in the district is partially due to the shutdown of the mine and those with access to guns taking advantage to condu...

National Information and Communications Technology (Nicta) chief executive officer Kila Gulo-Viu said Vodafone has inked agreements with Digicel and Telikom to secure connections with the two networks. “Telikom and Vodafone concluded an interconnection agreement last Wednesday. This a very important development in the context of competition as both sub...

Hon. James Marape has encouraged Hela residents to start companies, particularly commercial agriculture, and to pursue education. PM Marape made the announcement in front of thousands of people in Tari at the opening of the spectacular K8 million National National Bank (NDB) Building, dubbed Moses Liu Haus in honor of the late Moses Liu, former NDB man...