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...

PNG already has a gold refinery, national mint and national bank says Anthony Smaré, President of PNG Chamber of Resources & Energy (PNGCORE) so PNG does not need to go to a tiny Singaporean company Refinery Holdings Pte Ltd to replace them in a deal which could render catastrophic damage to the PNG economy and financial system. PNG has had its own...

The Papua New Guinea Chamber of Resources and Energy (PNG CORE) has reiterated its stand in support of building a refinery in the country that the state must build through Kumul Minerals Holdings Limited. Kumul Minerals has the financial and technical capacity to undertake gold refining in PNG, the Chamber said in a statement. Anthony Smaré, PNG COR...

The Bank of Papua New Guinea (BPNG) welcomed a distinguished ministerial delegation from New Zealand to discuss the progress and initiatives of the Green Finance Centre (GFC) in the context of climate resilience in Papua New Guinea. The meeting, held on May 13, 2024, underscored the pivotal role of green finance in addressing climate change challenges ...

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...

Recognizing the paramount importance of human rights, both for Papua New Guineans and those engaging in business, investment, and other activities within the country, the PNG Government, through the Department of Justice & Attorney General (DJAG), is spearheading efforts to establish a National Human Rights Institution (NHRI). With financial backin...

The Internal Revenue Commission (IRC) unveiled its revamped debt allotment letters, signaling a significant step towards clearer communication with taxpayers and tax agents. This is in line with IRC’s desire to communicate with taxpayers and tax agents through one of their projects part of the broader Taxpayer Services Strategy to foster voluntary comp...

Ok Tedi Mining Limited hosted the Minister for Mining and Member for Kundiawa Gembogl, Hon. Dilu Muguwa on his first official visit to the mine along with the Minister for Works and Highways and Member for Telefomin Hon. Solan Mirisim on Monday, 13th May. The visit provided the ministers an opportunity to gain a better understanding of the mine, apprec...

Managing Director of the Mineral Resources Authority (MRA) Jerry Garry, said there is an imbalance between the volume of mineral resources that are exported out of the country, and the amount of revenue the state is receiving. He told the stakeholders’ workshop on the National Gold Corporation Bill 2024 yesterday, that according to the PNG Extractive I...

The Minister for International Trade and Investment, Hon. Richard Maru recently announced that Cocoland Sugar Development Limited in Abau, Central Province, will be developed as a Special Economic Zone (SEZ). Minister Maru made this announcement in his meeting with the management team from Yaosoeng Sugar and Cane Consultant Company Limited (a Thai company...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) has endorsed the government's decision to delay the passage of the Gold Corporation Bill and seek wider stakeholder consultation. At a recent consultative workshop on Wednesday, 15th April 2024, Mining Minister Muguwa Dilu announced that all stakeholders would have the opportu...

PNG Chamber of Resources and Energy (PNG CORE) President Anthony Smaré has called for theState to conduct a 6-month extensive consultation nationally with all impacted stakeholders on the NGC Bill given its extremely negative consequences, in a letter delivered to the Minister of Mining and copied to Prime Minister Hon. James Marape and Deputy Prime Minis...

Governor of the Bank of Papua New Guinea Ms. Elizabeth Genia officially opened the Women’s Micro Bank (WMB) Branch in Kerema (Tuesday May 07), making it the fifth WMB branch to be operating in Papua New Guinea. “Today’s official opening of its fifth branch celebrates another achievement in a long line of achievements we have seen for women’s microbank....

Prime Minister Hon. James Marape recently spoke at the Consultation Workshop on the National Gold Corporation Bill 2024, organised by the Ministry of Mining. The Prime Minister highlighted the government’s commitment to maintaining steadfast goals for downstream processing of gold and other resources in Papua New Guinea. “We have been exporting our nat...

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...

Prime Minister Hon. James Marape on Friday, May 10, 2024, lauded the National Airports Corporation (NAC) and the Civil Aviation Development Investment Project (CADIP) for their significant role in constructing the new K76.8 million Gurney Airport in Alotau, Milne Bay Province. He expressed his commendations during the groundbreaking ceremony held in Alota...

Prime Minister Hon. James Marape on Thursday, May 16, 2024, extended a warm welcome to the High Commissioner of the People’s Republic of Bangladesh to Papua New Guinea, H.E. Mr. Tarukil Islam, upon his maiden visit to PNG. Prime Minister Marape, in meeting him at Sir Manasupe Haus, congratulated High Commissioner Islam upon his new appointment and affi...

PNG has a chronic shortage of suitably experienced and qualified seafarers, especially higher-ranking officers.  The current shortfall is estimated at 30 percent and is predicted to worsen as vessel traffic increases to meet the logistics requirements of the imminent Papua LNG construction phase.  The shortage of seafarers in PNG is both a ‘supply’ and...

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 Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce the establishment its Asia Pacific Sub-Committee, an innovative step forward in promoting diversity, inclusion, investments and strengthened relations within the resources and energy sector between PNG and the economies of Asia. This groundbreaking initiative aims ...

Steamships is pleased to share its sustainability initiative of the installation of solar panels on top of Downtown Plaza, located in the capital’s Central Business District. The project marks a significant step towards the company’s dedication to utilising renewable energy sources and reducing its carbon footprint. Installing solar panels highlight th...

The International Monetary Fund (IMF) Country Head, Mr. Sohrab Rafiq, recently gave an update on the multinational lender’s program with the Papua New Guinea government. Mr. Rafiq highlighted the progress made in the IMF program, with successful completion of the first and second review missions, and underlined the importance of the IMF's concessional ...

On Europe Day, the European Union Ambassador to Papua New Guinea, His Excellency Jacques Fradin, delivered a passionate speech emphasizing the significance of the day and the enduring partnership between the EU and PNG. Ambassador Fradin said, “Some might wonder what is the 9th of May celebration all about?  It’s not an independence day, nor a victory,...

Prime Minister Hon. James Marape praised the efforts of PNG Customs in Port Moresby for their significant achievements in combating the importation of counterfeit goods into Papua New Guinea from 36 per cent to 4 per cent. “This has been made possible by increased government investments in border surveillance and fighting illicit trade,” he said. Du...