Search Results: 2022

As of 2020, no new round log export permits have been awarded to foreign corporations, according to James Marape. He stated in Parliament that round log exports must cease by 2025. PM Marape stated this in response to queries from Hon. Ambunti-Drekikier, the Member of Parliament for Ambunti-Drekikier. Foreign enterprises exporting round logs, accord...

Photo credit: Oil Search According to Petroleum Minister Kerenga Kua, the production of liquefied natural gas from the Juha petroleum development licence nine (PDL 9) region in Western has yet to begin. Kua stated this in response to Western Governor Toboi Awi Yoto's inquiries concerning the PNG LNG project's integration with other PDL regions and t...

Agriculture and Livestock Minister John Simon believes that coffee and cocoa should be exported through a government organisation. Simon stated the private sector could not continue to export and suppress prices in response to concerns from Pomio MP Elias Kapavore. “I have talked to the department (Agriculture and Livestock) and the commodity boards...

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 ...

Hon. Prime Minister James Marape has announced the granting of new road contracts worth more than K1.4 billion across Papua New Guinea. He revealed the Cabinet decision in front of tens of thousands of people in rural Margarima, Hela. The K1.4 billion in road contracts are in addition to those already in place under the Marape Government's flagship ...

According to PNG Forestry Industry Association (PNGFIA) president Bob Tate, the country's logging industry is depressed, with nothing on the horizon in the short term to instil confidence in industry players. According to Tate, the logging business has been hurt by ongoing tax reforms as well as a drop in market demand. He claimed the sector was curren...

According to the Independent Consumer and Competition Commission (ICCC), wholesale price reductions in internet broadband services are not passed on to consumers. According to a statement, the telecommunications industry has undergone a progressive transition, with a number of internet service providers (ISP) now engaged in the retail end of the busine...

Photo:Students in Kimbe West Britain PNG Article by Grant Walton and Husnia Hushang It’s back! This year Papua New Guinea (PNG) will implement another fee-free education policy. In June 2021, the government announced that, for the fifth time in PNG’s history, parents will no longer have to pay school fees to send their children to school. This ne...

Photo credit: REUTERS / David Gray Santos Managing Director and Chief Executive Officer Kevin Gallagher said Santos delivered record annual production and sales revenue in 2021, as strong base business performance positioned the company to benefit from higher commodity prices. Free cash flow of around US$1.5 billion for the year was also a record an...

Photo credit: Savi Moni Access to affordable credit is highly valued but not readily available in Papua New Guinea.  In an extremely competitive employment marketplace, businesses are increasingly assisting employees to access credit as a means to both attract and retain their top talent.  Even in the current economic downturn, there is still a ‘war...

A positive first meeting of the Panguna Mine Legacy Impact Assessment Oversight Committee was held in Buka in 2021.  Representatives from clan, landowner, and community organizations, as well as the Papua New Guinea government, Rio Tinto, Bougainville Copper Limited, and the Human Rights Law Centre, were hosted by the Autonomous Bougainville Government...

The Marape government is pushing for Papua New Guinean school graduates to be recruited and educated as construction welders and tradespeople. Hon. Prime Minister David Cameron Instead of introducing thousands of immigrants to do tasks that locals can accomplish, James Marape believes this should be done. He alluded to the PNG LNG Project's building...

At the World Expo 2020 in Dubai, Papua New Guinea's Department of Information and Communication Technology inked a memorandum of agreement with Estonian tech business Cybernectic. Steven Matainaho, Secretary of the Department of Information and Communication Technology, signed the MoU with Cybernectic's head of business development, Kevin Tammearu, whi...

Photo credit: Slofoodgroup In terms of production volume, vanilla is the most popular spice in the country, with 520,000 kg produced annually. In terms of market trends, the price of vanilla would rise by 5% in the next five years, according to PNG Spice Industry Board chief executive officer Nelson Simbiken. “In terms of production and volume, v...

According to Spice Sector Board Chief Executive Officer Nelson Simbiken, the country's spice industry has exported K1.3 billion worth of products in the last four years. According to Simbiken, K400 million worth of items were shipped in 2021, much above the norm of over K300 million. “From 2019 to now, revenue from export we have from Customs and Na...

Photo credit: Midday Dr Asif Iqbal, President of the Indian Economic Trade Organization, greeted HE Paulias Korni, High Commissioner of Papua New Guinea, and reiterated the two countries' commitment to a strong collaboration. In India, there is a lot of interest in Papua New Guinea, a country with a lot of potential for bilateral trade in oil, gas, and...

Photo: James Marape Prime Minister Hon. James Marape recently announced a Cabinet reshuffle with six portfolios being rotated. This is in the wake of Deputy Prime Minister and Commerce and Industry Minister Hon. Sam Basil and Defence Minister Hon. Solan Mirisim being restored back to full office by their respective leadership tribunals recently. ...

Photo Credit: PNGI Central  The Madang Chamber of Commerce and Industry (MCCI) has proposed a joint venture between the private sector and the government to build the Pacific Marine Industrial Zone (PMIZ) project in Madang. Kevin Murray, president of the Chamber, believes the project will be unlikely to be funded entirely by the government. In th...