Search Results: 2022

The Minister for International Trade and Investment, Hon. Richard Maru, has highlighted Papua New Guinea's (PNG) new focus on attracting Indonesian investments following recent high-level engagements between the two nations. These include State Visits by the Heads of both countries, a trade and investment mission led by Deputy Prime Minister Hon. John Ros...

Tolu Minerals is poised to breathe new life into the Tolukuma gold mine, aiming to unlock substantial gold resources and restore production. This strategic effort not only signals a significant revitalisation of one of Papua New Guinea’s historically high-grade mines but also promises far-reaching economic and social benefits for the region. Tolu Miner...

 The PNG Extractive Industries Transparency Initiative (PNGEITI) has called on companies operating in the extractive sector to honour their commitments to the EITI process by being transparent in all areas of their operations, including their obligation to pay taxes to the government. The Executive Director of the PNGEITI National Secretariat, Lucas Al...

As the pandemic recedes and gradually fades from people’s memories, travel in the Pacific is rebounding. However, the Pacific’s travel recovery is highly variable. Comparing visitor arrivals in 2023 with those in 2019 (Figure 1 below), it looks like Vanuatu is the biggest winner, but this is misleading. Vanuatu has experienced a surge in cruise tourism...

The Indonesia Government has proposed that Indonesia and Papua New Guinea (PNG) establish a high-level Dialogue Cooperation Committe to meet every six months to drive the agenda of growing trade and investment, and all cooperation between the two countries. Minister for International Trade and Investment, Hon. Richard Maru said: "This committee will pr...

Addressing a diverse audience of analysts, regulators, environmental scientists, and industry professionals during the Geosciences, Exploration, and Extraction (GEE) 2024 Conference, the Mineral Resources Authority (MRA) Managing Director, Jerry Gerry, emphasized the critical importance of sustainable practices in harnessing Papua New Guinea’s rich minera...

The 2024 Business Regulators Summit co-hosted by the Investment Promotion Authority (IPA) and Department of Information, Communication and Technology (DICT) on July 30 to 31 in Port Moresby drew representatives from businesses, regulators, investors, government agencies, non-government organisations, and the media across Papua New Guinea to Port Moresby f...

The Minister for International Trade and Investment, Hon. Richard Maru today announced that the National Executive Council (NEC) in its recent Meeting No: 13/2024 approved, in principle, that the Pacific Marine Industrial Zone (PMIZ) in Madang Province will be developed in two phases. “The Phase 1 of the project will be the establishment of a fishing J...

Prime Minister Hon. James Marape on Friday, August 2, 2024, presented a K50 million Infrastructure Development Grant (IDG) to Wafi-Golpu landowners and the Morobe Provincial Government. He emphasised that this is not “free” money but funds intended for infrastructure projects in the six impacted areas and the province. This grant is part of the Government...

Since its inception in 2022, the Trukai Smart Farmer Program and its partners have so far trained over 400 participants. Trukai Industries Agriculture team has adopted the irrigated rice farming concept as a sustainable initiative to ensure farmers are introduced to best crop management, quality grain management and pest management systems. Trukai I...

The French Ambassador to Papua New Guinea spoke highly of Franco-PNG relations during the French National Day celebrated in Port Moresby on July 14. French National Day or Bastille Day is celebrated worldwide and in Papua New Guinea saw a grand event held at the Marriott Executive Desk venue, presided over by French Ambassador HE Guillaume Lemoine and ...

Prime Minister Hon. James Marape has on Tuesday (16.07.24) highlighted the 49-year-old bilateral relations Papua New Guinea has with Japan while acknowledging both countries’ commitments to entrenching this re- lationship further. For Papua New Guinea, PM Marape said he hoped to see this deepening further in all areas of cooperation to also cover defen...

Prime Minister Hon. James Marape has commended Indonesian President Joko Widodo for enabling open dialogue and stronger relations between Papua New Guinea and Indonesia, especially over the last three years which have seen reciprocating meetings between the two nations’ leaders. Upon concluding the 3rd PNG-Indonesia Leaders Dialogue in Jakarta recently...

The PNG Extractive Industries Transparency Initiative has expressed concern over unregulated mining activities in the country. Executive Director for PNGEITI National Secretariat, Mr. Lucas Alkan says alluvial mining are largely unregulated activities which raises concern. “Unregulated mining activities leaves authorities and stakeholders with limit...

Earlier this year, Pacific Trade Invest (PTI) Australia invited exporters across the Pacific to participate in the Pacific Islands Export Survey 2024. The survey, conducted biennially, provides crucial insights into the activities, challenges, and opportunities faced by Pacific exporters, informing regional policy development and trade strategies. PTI Aus...

The Mineral Resources Authority's (MRA) Managing Director, Jerry Garry, recently signed his new four-year contract of employment, at the Government House at Konedobu, Port Moresby. This is Mr Garry's second term as the MD for the MRA, having served in this capacity from 2019-2022. Between 2022 to early 2023, Mr Garry served as the Acting MD until his r...

The National Superannuation Fund (Nafsund) Limited signed a Memorandum of Understanding (MoU) with the Centre for Excellence in Financial Inclusion (CEFI) on June 21, 2024. This MoU is a three year partnership between Nasfund and CEFI that enables both organizations to work together in enhancing superannuation awareness with CEFI’s Financial Inclusion ...

Papua New Guinea (PNG), facing a significant malaria burden, recently hosted the 8th Asia Pacific Leaders' Summit on Malaria Elimination. Themed "Invest to Achieve Zero Malaria," the summit brought together key stakeholders to strategize and reinforce commitments towards a malaria-free future. Marking a first for the region, the summit highlighted PNG'...