Search Results: 2022

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'...

The 30th Papua New Guinea-Australia Ministerial Forum was held on 19th to 20th June, at the APEC Haus, in Port Moresby. The Ministerial Forum is an opportunity for Ministers from a range of key policy areas to advance PNG- Australia Partnership and shared priorities. The Ministerial Forum builds on the commitments from the Annual Leaders' Dialogue betw...

Papua New Guinea’s Kina Bank has announced a significant $7 million investment in WLTH, a rapidly growing Queensland-based fintech and neobank startup. This investment aligns with the goals outlined in the Queensland Pacific Trade and Investment Strategy, which was launched in November 2022 to bolster trade and investment opportunities in the region. A...

Australia has approved a significant loan of A$600 million (K1.54 billion) to Papua New Guinea to address the country’s 2023 budget shortfall and support essential economic reforms. This financial assistance follows a previous A$750 million loan provided in 2022, reflecting Australia’s continued commitment to aiding Papua New Guinea’s fiscal stability and...

St Barbara Limited recently announced revisions on their FY24 Guidance in relation to its Simberi operations updates. "St Barbara Limited (“St Barbara” or the “Company”) (ASX: SBM) is pleased to advise the outcomes of its Simberi Expansion Concept Study (“Concept Study”) and inclusion of the projections in this 10 Year Plus Mine Plan Outlook." "The ...

Pacific Towing (PacTow) has appointed Frances Tuimabualau as its agent in Fiji.  As Melanesia’s largest and most diverse marine services provider, with a 250+ workforce and 20-vessel fleet, PacTow is perfectly positioned to undertake additional projects in Fiji.  Frances Tuimabualau comes from a long line of seafaring professionals.  Her father, the la...

BSP Life PNG Limited has placed utmost importance on its people development and empowerment, since its inception in 2018. In a recent celebration of excellence and outstanding achievements, BSP Life honored its top-performing Insurance Advisors for 2023. Maryanne Loia, Sandra Kase, and Malele Silikara, representing the Boroko Sales Unit, stood among th...

Papua New Guinea DataCo and Oracle have signed a memorandum of understanding to advance the country’s critical digital infrastructure and to introduce world-class cloud infrastructure through the Oracle Alloy product. The MOU was signed on May 10th in Port Moresby as Information and Communication technology Minister Timothy Masiu welcomed Oracle Corpor...

New Zealand and Papua New Guinea have agreed to strengthen bilateral relations following a meeting between New Zealand’s Deputy Prime Minister and Foreign Affairs Minister, Hon. Winston Peters, and Papua New Guinea’s Prime Minister, Hon. James Marape, in Port Moresby on Monday, May 13, 2024. Prime Minister Marape recognised New Zealand as a steadfast d...

The President of the Papua New Guinea Chamber of Resources and Energy (PNG CORE), Anthony Smare, recently gave a comprehensive presentation on the "catastrophic impact" of the proposed National Gold Bill 2022 in an Information Session held on Thursday, 9th of May, 2024 at the University of Papua New Guinea (New Lecture Theatre).  Mr Smare emphasised ho...

The Minister for International Trade and Investment, Hon. Richard Maru expressed great satisfaction with the outcome of his bilateral meeting with the Minister for Foreign Trade of the United Arab Emirates (UAE), His Excellency Dr. Thani bin Ahmed Al Zeyoudi. The bilateral meeting was held on the margins of the Annual Investment Meeting (AIM) Congress, wh...

Ok Tedi Mining Limited (OTML) yesterday, presented a dummy cheque of K100,000.00 to the Mineral Resources Authority (MRA), to consolidate its position as a Major ‘Gold’ Sponsor of the MRA organized Geoscience, Exploration & Extraction (GEE) Conference 2024. The conference will be held on August 7-9, 2024, at the APEC Haus, Port Moresby. This is the...