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Photo credit: RNZ - Timothy Masiu According to Information Communications Technology Timothy Masiu, the introduction of two new telecoms providers into the nation would likely lower internet rates. According to Masiu, internet rates in the country are not falling as quickly as planned. However, he believes that once Telstra and Digitec-Vodafone j...

Photo credit: Mick Tsikas - Telstra Logo Following the approval of Telstra's purchase of Digicel PNG Ltd, the country would benefit from K200 million in capital expenditures in the telecommunications industry over the next two years. The National Information and Communications Authority (Nicta) has given Telstra final approval to transfer licensing ...

Following the recent signing of stakeholder agreements, more than 3,000 workers will be employed when the Porgera mine reopens. “Over the next couple of weeks, the company will hire 3,100 people, most of them Papua New Guineans, (who) will head back to Porgera valley, open the gate and start digging the ground,” State negotiation team chairman Dairi Ve...

Photo credit: Costplan Group  The 1600-meter runway at Nadzab Airport has been finished, with another 800 meters to be renovated by the end of the year before it is completely operational. The final 800 meters of the runway, according to Oriental Consultants Global architect Satoru Ijiri, should be entirely improved by the end of this year. He st...

Photo credit: Post Courier - Treasurer Ian Ling-Stuckey  Treasurer Ian Ling-Stuckey said the Papua New Guinea government had launched a K350 million package to assist households with the rising cost of living. He stated that the government will do so responsibly, striving at a temporary decrease with expenditures restricted to K350 million as part o...

Photo credit: Asian Development Bank After 2 years of recession caused by the coronavirus disease (COVID-19) pandemic, the Pacific is expected to return to positive growth this year, according to the Asian Development Outlook (ADO) 2022, ADB’s flagship economic publication, which was released today. The economies of ADB’s Pacific developing member c...

According to James Marape, the 2022 General Election will go place as planned and will not be postponed. He stated this to calm worries that the polls will be postponed, which had been fueled by speculation and bogus news on social media. “The elections will not be delayed and will go ahead as scheduled,” PM Marape said. “We are working together ...

According to the Independent Consumer and Competition Commission (ICCC), there are still concerns with internet price regulation in the nation. Following consumer complaints over the costs of retail broadband internet services, the ICCC launched a preliminary investigation into the industry. Consumers were concerned that PNG DataCo Ltd price reducti...

Photo: The Maramuni Road at Maramuni Station James Marape claims that his government's trademark 'Connect PNG' program links rural Papua New Guinea like never before. He remarks when unveiling the K15 million 57-kilometre Maramuni Road, which connects Maramuni to Wabag, and launching the Enga-Sepik Highway, which would connect Maramuni to Karawari i...

Photo credit: Australian Infrastructure Financing Facility for the Pacific Australia will provide $158 million for repairs and refurbishments to Papua New Guinea's electricity and transportation networks under the Australian Infrastructure Financing Facility for the Pacific. A $86 million finance package for the Laitim Hauslain project to upgrade na...

Photo: Judah Waffi (Head of Special Projects – Nasfund) & Saliya Ranasinghe (CEFI Executive Director) The National Superannuation Fund (Nasfund) Limited signed a Memorandum of Understanding (MoU) with the Centre for Excellence in Financial Inclusion (CEFI) on March 31, 2022.  This MoU is a 12-month partnership between Nasfund and CEFI that enabl...

With a one-on-one meeting and bilateral discussions with President Widodo, James Marape ended his Official State Visit to Jakarta, the capital of the Republic of Indonesia. PM Marape has extended President Widodo an invitation to visit PNG later this year on behalf of the PNG government. He stated that the two nations' ties must now shift away from ...

Photo: Major Richard Elizah from the PNG Defence Force (left) receives Commissioner General’s Certificate of Excellence from Ambassador Joshua Kalinoe, who officiated at the PNG Expo2020 Pavilion Closing Dinner on behalf of the Minister for Foreign Affairs and International Trade, Hon. Soroi Eoe. Major Elizah is seconded from the PNGDF as Logistics Manage...

Photo: Credit Guarantee Corporation The Bank of Papua New Guinea has launched the Credit Guarantee Corporation to help sustain and increase the growth of the Small to medium enterprise (SME) sector. Small businesses in Papua New Guinea will now leverage on the Credit Guarantee Corporation (CGC) to grow their businesses. The Credit Guarantee Corporat...

Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative (EITI) Global Standard commences on Friday, April, 1st, 2022.  Head of the PNGEITI National Secretariat Mr. Lucas Alkan says the “validation” is intended to assess the impact EITI implementation has made in the country in terms of addressing s...

Photo: Downtown Port Moresby Lands and Physical Planning John Rosso was praised by Hon. James Marape. In Parliament, Rosso applauded the approval of the Strata Title Management Bill 2022, as well as associated legislation and amendments (March 23 2022). Because of a rising population and a lack of land, the bill permits people to acquire units and f...

Hon. Prime Minister James Marape says he wants Madang to become a pillar of Papua New Guinea's economy. He addressed this in front of hundreds of people at Walium Station in Usino-Bundi when announcing K100 million in financing for the Pacific Marine Industrial Zone (PMIZ). PM Marape said that hundreds of millions of kina for the PMIZ had been spent...

Photo: The Usino Junction along the Ramu Highway. To the left is Madang, to the right is Ramu Valley leading on to Markham Valley, and the road in the middle is to Ramu Nico. Hon. Prime Minister James Marape has announced that a K159 million contract for the Ramu Highway in Madang has been awarded, as well as a K43 million contract to expand the North ...