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 defence, trade, foreign affairs, and additional investment in gas development in PNG.

While describing Japan as “a steadfast friend” of Papua New Guinea, PM Marape went on to acknowledge and thank Japan for continuing to import from Papua New Guinea and for its development assistance over the 49 years which, to 2023, has amounted to more than K6 billion.

The Prime Minister made the remarks while meeting his Japanese counterpart, Prime Minister Hon. Fumio Kishida in a bilateral meeting on the margins of the 10th Pacific Islands Leaders Meeting (PALM10).

Japan continues its ranking as one of PNG’s three biggest trading partners, where most times PNG sees trade surpluses from Japan buying more of PNG’s produce and raw materials than PNG importing from Japan.

Prime Minister Marape highlighted these facts, while revealing that in 2023 and 2022, Japan spent over K7 billion and K8 billion respectively in buying from PNG produce and raw materials.

“Thank you for your warm hospitality which symbolizes our continued friendship. Japan has remained a steadfast friend of Papua New Guinea. The people and government of PNG truly value Japan’s support and commitment to this relationship, and we would like to entrench this further,” he said.

As one of PNG’s biggest trading partners, Japan continues to buy from Papua New Guinea raw materials in copper, gold, logs, tuna, coffee, seafood, woodchip, shell, crocodile skin, vanilla, sawn timber and, recently, gas; while PNG imports from Japan motor vehicles, car parts and accessories, and machinery.

“This signifies a positive trade balance that indicates economic progress and this also comes at the back of PNG exporting its first LNG shipment to Japan in 2014,” PM Marape said, adding that he would like to see more Japanese companies investing in PNG in the energy sector to further diversify the PNG economy.

“We invite Japanese companies to look into opportunities in this area whether in actual construction, in business, or buying the gas. Japan is welcome.

“I also invite Japanese companies to enter the downstream processing and manufacturing focus of our government where we are moving away from exporting raw resources and toward finished products,” he said.

Prime Minister Marape continued by acknowledging Japan’s total cumulative Overseas Development Assistance (ODA) to PNG since 1975 when the two countries entered into  their  bilateral agreement  at  PNG’s  Independence, which has amounted to more than JPY200 billion (over K6 billion) in 2023.

He thanked the Government of Japan for supporting the development of transport and communications infrastructure, especially highlighting recent projects such as the upgraded Nadzab Tomodachi Airport, and the planned Tokua Airport upgrade, while inviting Japan to also consider Wewak airport because of Japanese presence in the Wewak area from 1940-1945.

“I am very happy to lead my delegation here on the margins of PALM10. PNG looks to play its role to make sure our country and the Pacific remain a very close friend of Japan as we collaborate as nations of the same ocean,” Prime Minister Marape concluded.

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, Prime Minister Marape said, despite Indonesia being PNG’s closest neighbour where the two countries are only divided by a ‘strip of line’, for so long dialogue between the nations has mostly been centred upon Border Security and related matters. He said this has now changed significantly by way of negotiations extending to Business Investment, Education, and Health.

“The wall that existed between PNG and Indonesia has now been broken down, with business opportunities opening up between us and improved Cross Border Movement in terms of people and goods. We signed a Memorandum of Understanding today (yesterday) underpinning four main focus areas:

• MoU on Cross Border Movement for Commercial Buses and Coaches;
• MoU on Cross Border Transport of Goods by Motor Vehicles;
• MoU on Cooperation in the Field of Education; and
• Renewed MoU on Cooperation in the Field of Health.

“I have had reciprocating meetings with President Widodo over the last three years. The inaugural meeting was hosted by the Indonesian President in 2022, and in 2023 (last year) I hosted the dialogue meeting at APEC Haus in Port Moresby. Now I’m here in Jakarta for the 3rd Leaders Meeting as our relations strengthen further,” Prime Minister Marape said.

Prime Minister Marape said, as part of establishing business relations between PNG and Indonesia, he is encouraging Indonesian investors to PNG and to enable downstream processing of goods in the country.

As part of border crossing agreements, Prime Minister Marape also mentioned that apart from Vanimo in West Sepik Province, Middle Fly District in Western Province can be opened up along the border through road networks to allow for the trade of goods and services on either side of the ‘strip of line’.

The Prime Minister appreciated the Indonesian President for the partnership over recent years and the work that has been put into strengthening ties between PNG and Indonesia. He also looks forward to working closely with the new President, thus continuing the foundation that has been set already.

Prime Minister Hon. James Marape and Cabinet on July 10, 2024 officiated the launching of the K221 million, 17km Tokua-Kokopo four-lane road construction in Kokopo, East New Britain.

He said this long-awaited project is part of the ‘Connect PNG’ programme focused on building economic corridors for the benefit of the people.

“By enhancing connectivity, this project can potentially boost local commerce, improve transportation efficiency, and contribute to the overall economic growth of the province and region, as a whole,” Prime Minister Marape said.

The Connect PNG programme aims to comprehensively enhance the nation’s infrastructure through a coordinated, multi-modal approach.

This ensures that various infrastructure components—be it roads, airports, wharves, schools, hospitals, and agricultural facilities—are synchronously developed to create an integrated and efficient network.

“Infrastructure projects like these often bring a range of benefits, including improved access to services, job creation, and enhanced opportunities for business and tourism,” Prime Minister Marape said.

“As highlighted by the Minister for Works and Highways, Hon. Solan Mirisin, road projects are

currently in progress across the country. More works are being planned and will commence soon.

“It is my privilege to officially launch the project for the design and construction of a new 12km, four-lane road between UMW Roundabout and Tokua Airport Carpark and the rehabilitation of the 5km existing four-lane road between Kokopo Secondary School and UMW Roundabout.

“This project will cost K221 million and we trust the contractor will deliver it within budget and strive to complete it ahead of schedule.

“The project has been in the pipeline for close to 30 years—reflecting the perseverance and

dedication of all involved to enhance the region’s development and connectivity.

“Ultimately, the Connect PNG programme has the potential to reshape the economic and social landscape of Papua New  Guinea by fostering regional development, improving accessibility, and elevating the standard of living for many communities across the nation.

“This road is a significant development project for East New Britain Province and as construction continues from Kokopo City on to Rabaul, it will be renamed the Namaliu Highway.”

Prime Minister Marape also announced the Government’s presentation of K10 million to the East New Britain Savings and Loans Society to empower individuals to start-up small and medium enterprises.

The TWM Group recently celebrated the opening of the first world-class industrial waste management facility in the Pacific Islands. Located in Roku, Central Province, this hazardous waste landfill is a pioneering initiative in Oceania, outside of Australia and New Zealand.

The facility marks the completion of stage one of Papua New Guinea’s comprehensive waste management strategy. It sets a new standard for environmental protection in PNG and the Pacific Islands, providing advanced solutions for hazardous waste treatment.

Over 150 key stakeholders attended the event, including Acting Prime Minister Hon. John Rosso, European Union Ambassador Jacques Fradin, and representatives from the Australian High Commission and the US Embassy. The occasion also honoured the traditional custodians of the land and acknowledged community figures.

A highlight of the event was the unveiling of a commemorative plaque by Hon. John Rosso, TWM Group Managing Director Mr. Kori Chan, and Group CEO Mr. Michael Chan, Jr.

Reflecting on the journey that led to the facility’s establishment, CEO Michael Chan spoke passionately about their commitment to environmental conservation and sustainable practices:

“This hazardous waste landfill is not just a facility but a symbol of our commitment to setting a global standard in waste management. It represents a crucial step towards building a circular economy and advancing waste management practices in Papua New Guinea and the Pacific region.”

Chan expressed gratitude for the support received and emphasised TWM’s alignment with the United Nations’ sustainable development goals.

Regarding TWM’s operational transparency and commitment to national development goals, Chan stated:

“As a national company, our priorities include supporting the PNG government in achieving its medium-term development goals. We aim to do this by aligning with existing policies and regulations, and by enhancing waste management and recycling frameworks.”

The event concluded with a panel discussion by experts, detailing the rigorous process and regulatory compliance involved in delivering the project to world-class standards. TWM’s achievement of a Level 3 Environment Permit from the Conservation and Environment Protection Authority (CEPA) marked a milestone in their adherence to stringent environmental and social protection standards.

The Level 3 Environment Permit (EPL-485) is the first issued to a waste management company in PNG and includes over 127 conditions aimed at ensuring maximum environmental protection.

The facility, designed over three stages with capacities ranging from 13,000m3 to 130,000m3, adheres to US EPA, AUS EPA, and British standards for hazardous waste management.

Constructed over three stages:

• Stage 1: Size 10,800m2 Capacity: 13,000m3
• Stage 2: Size 12,000m2 Capacity: 45,000m3
• Stage 3: Size 14,000m2 Capacity: 130,000m3

TWM also celebrated its exemplary safety and environmental performance, with a flawless safety record throughout the project’s duration. Gerarda Mark, the QHSSE Advisor, highlighted the company’s commitment to maintaining exceptional safety and environmental standards.

Acting Prime Minister Rosso applauded TWM’s efforts and underscored the facility’s importance for PNG’s waste management capabilities and environmental sustainability efforts:

“This hazardous waste treatment plant represents a critical advancement in our waste management capabilities and sets a new benchmark for the region. It exemplifies the vision and perseverance of TWM in leading sustainable development.”

Rosso highlighted ongoing challenges in waste management and expressed optimism that the facility would inspire similar initiatives across the Pacific Islands.

TWM, as a PNG-owned company, reaffirmed its commitment to innovation and collaboration with government and stakeholders to enhance local capabilities and global standards in waste management.

The opening of the landfill not only displayed TWM’s achievements but also sets a precedent for future developments in the waste management sector.

Mr Chan left guests with a powerful reminder of all people being custodians of the PNG land.

He said, “We often say, yumi no faul man. Meaning, we know where our land is, we know where we belong. If we can no longer live on our land and be sustained by it, then it means we have no home, we have no identity, we have nothing. We must do all we can to protecting our pristine environment and our people.”

This year’s Hausples Real Estate Expo brought together top-tier professionals from the real estate industry under one roof, offering a comprehensive platform for both seasoned experts and newcomers to the market.

Papua New Guinea’s leading real estate portal, Hausples, hosted the Expo on June 28 and 29.

The free-entry event was a prime opportunity for homebuyers, investors, and real estate professionals to explore a diverse range of more than 50 exhibitors offering the latest in properties, services, and innovations at the Sir John Guise Stadium in Port Moresby.

The expo featured a diverse lineup of real estate developers, property management firms, financial institutions, legal advisors, and other service providers vital to the real estate industry.

The event offered a valuable chance for attendees to gather information on the legal aspects of property transactions from Hausples representatives, the Department of Lands, the Bank of South Pacific, and other stakeholders.

Seminars and workshops led by industry experts provided valuable insight, addressing crucial topics such as property investment, financing options, market trends, and practical home buying advice.

In addition to the informative sessions, the expo offered exclusive promotions and discounts from exhibitors and presented visitors with exceptional opportunities for securing great deals on their next property purchase or investment.

One exhibitor, Masterly Realtor, shared their enthusiastic feedback on the success of the expo.

Teison Gordon, Managing Director of Masterly Realtor, commented: “The Hausples Expo was a fantastic opportunity for us to introduce our brand to the general public and corporate sector alike.”

“It provided significant exposure for our six-month-old company, and we look forward to a bigger and better presence at the expo next year as we celebrate our one-year anniversary.”

Gordon emphasized the importance of investing in opportunities to gain market visibility.

“We got the exposure that we wanted, and we are excited for the Hausples Expo 2025. We will be a year old and ready for an even greater and more impactful event.”

The expo also offered a great opportunity for business networking in a family-friendly event.

Since its inception in 2018, the Hausples Expo has experienced remarkable growth. Despite a two-year hiatus due to the COVID-19 pandemic, the 2024 event saw a significant rise in exhibition booths and attracted over 1,000 visitors over the two-day event.

The Papua New Guinea Customs Service and the National Trading Office (NTO) have signed a Memorandum of Understanding (MoU) on data sharing for policy development in the trade, tourism and investment sectors on July 5 at the NTO headquarters in Port Moresby.

The event marks an improvement of trade information and data sharing between both government agencies. Chief of PNG Customs David Towe and NTO Chief Trade Officer Richard Yakam expressed enthusiasm about this collaborative effort.

Yakam highlighted the significance of the agreement, stating: “This MoU addresses past challenges in obtaining data. Despite several postponements due to other commitments, we are pleased to finalise this agreement today.”

Yakam explained that the MoU is a vital development for the NTO, especially given the agency’s recent legislative advancements.

“This is a very important occasion for us, particularly for the National Trade Office. We are focused on establishing a strong connection with our stakeholders,” he said.

He also addressed misconceptions about the NTO's role.

“The National Trade Office is not an implementing agency but a policy-making and coordinating body.”

Yakam pointed out that data scarcity in PNG has been a significant challenge.

“Data is crucial for effective policy-making and decision-making. Without comprehensive data analysis, developing sound policies is difficult,” he said.

The data received will put NTO in a better position to understand demand and supply flow in the country, and by doing so, they will provide better advice to the government, Yakam said.

He discussed the PNG-China Joint Study, which highlights issues of data reliability and the challenges of various data sources from institutions.

Yakam expressed optimism for future collaborations, noting that the establishment of a single-window system will further enhance data sharing and contribute to PNG’s development.

Towe stressed the MoU’s role in supporting sustained growth through collaboration.

“This MoU signifies a small but important step as we strive to improve our partnerships. 2024 has been a difficult year for us, but we have managed to meet the mid-year target, including all annual targets outlined in the strategic plan outlined for the last three years.”

“The signing of this partnership is another milestone target for us,” he added.

Towe said the MoU aligned with the newly launched PNG Customs Service Corporate Plan 2024-2028 and the Modernization and Reforms Roadmap.

“Effective collaboration with other agencies, particularly those involved in border operations, is essential for achieving our goals,” he noted.

“We also launched the blueprint for the National Single Window Platform, which is being spearheaded by, the Ministry of International Trade and Investment and the Department of International Trade and Investment.”

“For us to achieve the goals of those different plans and strategies that we implement, working in collaboration is very, critical. We cannot achieve these outcomes without us collaborating.”

Towe said the collaboration’s outcome is in line with the sustainable development goals and aspirations of the people and the nation.

He also emphasized breaking down government silos to achieve better outcomes.

“Collaboration is key to implementing laws and regulations effectively,” Towe added in expressing gratitude to everyone.

The signing aligned with similar agreements between state-owned enterprises and government departments. Management and officers from both the NTO and PNG Customs Service attended this signing ceremony.

East New Britain Province is set to develop two new potential Special Economic Zones (SEZs)- Rabaul Free Port and Tokua Aiport City, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru made this announcement following the groundbreaking ceremony of the Tokua-Kokopo 17km 4-lane road construction and the recent decision by the National Executive Council (NEC) to lift the moratorium in Rabaul and redevelop the town to its former glory.

“The proposed Rabaul Free Port will be anchored on the current wharf and the new wharf development for tourist cruise liners in Rabaul, and the K230 million Tokua-Kokopo 4-lane road and the Tokua Airport Redevelopment will complement the proposed Tokua Airport City development,” said Minister Maru.

Minister Maru stated: “It is a historic decision made by the Marape-Rosso Government to redevelop Rabaul town and to encourage investments in Rabaul, however, most investors will fear the risk of the volcano that may erupt again so we have to find a way to encourage them to come. As the Minister responsible for SEZs, my view is to establish Rabaul as a Free Port so we can offer the investors an incentive package like tax holiday and duty-free market access if they decide to invest in Rabaul. This is to attract investors so they can recover their initial investments quickly without worrying about paying taxes. This incentive is for a very specific area within Rabaul that is prone to ashfall and will suffer in the event of a future major volcanic eruption and a defined area where investors cannot insure their businesses on the damage done due to volcanic eruptions.”

Minister Maru also met with the Governor of East New Britain Province, Hon. Michael Marum and the Provincial Administration in Kokopo yesterday and agreed to look at a second SEZ in East New Britain Province around Tokua.

“At Tokua we plan to develop an Airport City where we will build the hotels, the golf course, the shopping malls, and other tourism products around the airport to attract tourists. The concept will be similar to Denarau in Nadi, Fiji. This will also involve the extension of the airport and the development of the airport from a domestic airport to an international airport so we can get direct flights from countries like Japan. We plan to offer a special package for investors to invest around Tokua- this is what we are discussing with the leaders of East New Britain and the Provincial Administration. The Tokua Airport City will not be possible without all the land being acquired and reserved for that purpose, so we must not allow anybody to buy land around Tokua. The State has to seriously start acquiring this land so it can be reserved for the purpose of airport city development,” said Minister Maru.

Minister Maru further stated: “East New Britain Province has a lot of potential especially in tourism given they have a volcano, friendly people, their culture, the war relics, and less crime rates. All we have to do is come up with a development plan and offer the fiscal incentives through the SEZ package that our Government can offer. These two proposed SEZs will create 20,000 to 50, 000 new jobs in the manufacturing, downstream processing, and in the tourism sector. The National Government is very keen to work with the East New Britain Provincial Government and its administration to unleash the potential that we see in this province because when we develop the potential of this province, we are also building our country. The National Government and the Provincial Government must invest in putting the enablers like water, power, roads, sewerage, and allow the private sector to come in and invest.”

“My Ministry will work with the Tourism Promotion Authority and the Special Economic Zone Authority to develop these two potential SEZs,” Minister Maru added.

Minister Maru clarified that any area outside Rabaul and the proposed Tokua Airport City will have to apply for an SEZ license if it is to be developed as SEZs.

“Our Government’s priority will be Rabaul Free Port and Tokua Airport City but there are also other potential sites in East New Britain Province that can be developed as SEZs, including the Lassul Bay, Kerevat, and Open Bay. Each of these areas will be considered on their own merit on a case-by-case basis,” said Minister Maru.

Minister Maru further clarified that all SEZs around the country will be established under one national legislation- the SEZ Act 2019 (amended).

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 limited information about this segment of mining industry and this is a concern,” said Mr. Alkan.

The concerns from PNGEITI over alluvial mining follows comments by PNG Chamber of Resources and Energy President, Anthony Smare that there is a problem on how alluvial gold is produced in the country.

The recent PNGCORE summit heard that bigger mining companies operating in the country are subject to PNG Mining Act and even international laws on mining and they are obligated to comply but the problem exists with alluvial gold producers who may underreport the quantity of the minerals produced.

Mr. Alkan expressed similar concern that the sector (alluvial mining) is largely unregulated that there is limited information about its magnitude and the scope of its activities.

PNGEITI Report 2022 raised similar concerns, strongly calling for proper coordination and regulatory mechanisms to keep track of opportunities and challenges that someone engaged in alluvial mining is faced with.

“Alluvial mining and associated activities contributed to economic well-being of a good number of people living in remote parts of the country. Taking an inclusive government approach in regulating different facets of the mining industry is important. In this way we can give every participant a fair share,” Mr Alkan stated in the PNGEITI Report 2014.

The Mining Act of 1992 allows people to mine for alluvial minerals on their land by using non- mechanical means without the need for a mining licence and this activity can be categorised as an informal activity that involves millions of kinas.

Mineral Resource Authority reported that K640 million kina was made from alluvial mining in 2022 and estimates this figure to increase in the coming years.

Mr Alkan says alluvial mining activities will continue to increase and therefore it is important that the Government takes stock of the magnitude of this informal activity and considers formalising this activity by putting in place proper coordination and regulatory mechanisms to keep track of this segment of the mining activity.

Prime Minister Hon James Marape said Papua New Guinea will benefit from a total economic value chain of 53 % from the new Porgera mine, in the first 10 years of the total of 20 years of the mine’s operations.

He said this when addressing parties to the Porgera project Community Development Agreement (CDA), who are negotiating benefits sharing arrangements in Wabag.

The PM said the balance of 47% will go to Barrick and its partners.

He said the 53% include all benefit streams such as royalties, equity, compensation and local content amongst others. In terms of equity ownership of the project, PNG parties own 51 %, where 36% is owned by the National Government through Kumul Minerals Holdings Limited (KMHL), 10 % (currently owned by SML landowners and is a subject of further discussions) and 5 % by EPG. PM Marape said that this makes the new agreement for the project, a far better deal than the past agreement.

He assured the landowners that the National Government and the Enga Provincial Government, had always advocated for a greater ownership and benefits sharing arrangement for landowners, EPG and PNG parties.

Mr Marape said the new Porgera agreement which the government struck with Barrick, is for a total of 20 years. However, the potential for benefits from the project could go beyond that period.

The CDA negotiations have been going on since last month and is expected to be completed soon. After the successful conclusion, the documents will go through the government process for vetting, especially in terms of the fiscal commitments. Fiscal clearance will be done by the Department of Treasury, while legal clearance will be given by the Office of the State Solicitor. Once that is done, it will go to the National Executive Council (NEC) for the final approval, before implementation.

The State Team that is involved in the CDA negotiations come from the various relevant departments. They are the Department of Prime Minister & National Executive Council (NEC), Office of the State Solicitor, Department of Labour & Industrial Relations, Department of Lands & Physical Planning, Department of Commerce & Industry, Department of National Planning & Monitoring, Department of Mineral Policy & Geohazards (DMPGM) Management, Internal Revenue Commission, State Negotiating Team, PNG Extractive Industries Transparency International (PNGEITI) and the Mineral Resources Authority (MRA).

Enga Governor Hon Grand Chief Sir Peter Ipatas, has urged landowners of the new Porgera Mine, to find a balance in the current Community Development Agreement (CDA) negotiations, and have the agreement signed in a timely manner.

He said the operator New Porgera Limited (NPL), had already started mining and that it was only appropriate that landowners too must start receiving benefits. However, benefits will only be delivered through an agreed CDA.

The Governor told the Special Mining Lease (SML) landowners and other tenement holders during the negotiations this week in Wabag, that the National Government had already negotiated a better deal for them, where the province now has a 15% free-carry equity in the project, (10% SML & 5% Enga Provincial Government - EPG) given by the National Government. He told the landowners that they were already poised to benefit more as this is a far better deal compared to the agreement they had for the last 30 years. In the past agreement, the province only had 5% stake in the project, where the SML landowners and the EPG shared the 5% stake on a 50/50 basis. He said in the past agreement, there were no benefits such as Infrastructure Development Grants (IDG) and Business Development Grants (BDG).

Sir Ipatas said under the new deal, the National Government has already delivered on some of its commitment such as Business Development Grants (BDG). A total of hundred million Kina in BDG funds has been allocated to SML landowners and the Enga Provincial Government. Out of this, both parties have already been paid K25m each. The balance of K50m is still with the National Government and will be paid later. The National Government has also committed K700m in Infrastructure Development Grant (IDG).

Sir Ipatas assured the landowners that their provincial government has plans to acquire more equity for the provincial as a whole in the future.

Prime Minister Hon. James Marape had a productive meeting with top executives of one of Papua New Guinea’s oldest trading companies, Steamships Trading Company, in Port Moresby recently. The meeting took place over breakfast and included discussions with the outgoing Managing Director, Mr. Rupert Bray, and the newly appointed Managing Director, Mr. Chris Daniels.

During the meeting, Prime Minister Marape expressed his pleasure at hearing from Mr. Bray and Mr. Daniels, both of whom voiced their confidence in the country’s economy and the Marape- Rosso Government’s economic management. They highlighted the creation of a conducive environment that has helped restore investor confidence over the past five years, from May 2019 to May 2024.

Steamships Trading Company, which began operations in 1918, has been a significant player in Papua New Guinea’s growth and development. The company has expanded into various sectors, including property development, hotels, shipping, logistics, and more.

Mr. Bray and Mr. Daniels shared with Prime Minister Marape their ambitious plans to transform Port Moresby’s Central Business District (CBD). This includes redeveloping existing properties into modern hotel complexes and office buildings. Notably, they discussed the redevelopment of the Moresby Inn, situated opposite their iconic Grand Papua Hotel.

Additionally, Steamships Trading Company has demonstrated a commitment to sustainability and environmental responsibility. The company is partnering with PNG Power Ltd to promote and develop clean, green, and sustainable energy solutions aimed at reducing carbon emissions. The Down Town Plaza has already seen a significant upgrade with the installation of solar panels on its rooftop, a step towards utilising renewable energy sources.

This initiative is part of Steamships’ long-term commitment to reducing its carbon footprint and achieving net-zero emissions by 2050. Prime Minister Marape has been vocal in calling on industrialised and developed countries to take concrete actions to reduce carbon emissions and protect small island nations in the Pacific from the adverse effects of global warming.

Prime Minister Hon. James Marape recently announced the appointment of five new ministers following recent political developments in which a number of ministers defected to the Opposition.

He announced the appointments at Government House today after the five ministers were sworn in by Governor-General H.E Sir Bob Dadae.

The newly appointed ministers are:

• Tewai-Siassi MP Hon. Kobby Bomareo, reappointed as Housing Minister;
• Vanimo-Green MP Hon. Belden Namah, appointed as Culture and Tourism Minister, replacing Isi Henry Leonard;
• Unggai-Bena MP Hon. Kinoka Feo, appointed as Higher Education Minister, replacing Don Polye;
• Kerema MP Hon. Thomas Opa, appointed as Energy Minister, replacing Robert Naguri; and
• Wapenamenda MP Hon. Miki Kaeok, appointed as Finance Minister, replacing Rainbo Paita.

Prime Minister Marape announced that Minister Namah will also take control of tourism policing and border security, while Minister Opa will also take charge of Petroleum after Esa’ala MP Hon. Jimmy Maladina stepped down from the position.

He said he would maintain responsibility over Mining Ministry until the election petition case of the former minister, Muguwa Dilu, was dealt with.

Prime Minister Marape noted that today’s appointments bring the number of ministers up to 37, with two more positions to be filled.

“We will also be bringing in new blood into our vice-ministerial portfolios,” Prime Minister Marape said.

“I thank our seniors like Enga Governor Hon. Sir Peter Ipatas, Gulf Governor Hon. Sir Chris Haiveta, Deputy Prime Minister Hon. John Rosso and others for their support. Our nation is approaching its 50th anniversary of independence and we are timebound to carry out certain things, including our government’s core policy focus on laws that will ensure securing more for our country.

“This is evident in Porgera where we get 51 percent of benefits. We have no time to waste on destructive politics and want to focus on productive work

“We took office in 2019 with a focus on getting more from our forestry, fisheries, agriculture, mining, and petroleum for our people.”

Prime Minister Hon. James Marape has welcomed opportunities in various areas, including pharmaceutical manufacturing, with Pakistan.

He expressed this during a meeting on Thursday, July 11, 2024, with Pakistan High Commissioner to Papua New Guinea, H.E Zahid Hafeez Chaudhri, who is based in Australia. Mr. Chaudhri also extended an invitation to Prime Minister Marape to visit Pakistan and meet the country’s leadership at the United Nations General Assembly in New York in September and the 2024 Commonwealth Heads of Government Meeting in Samoa in October.

Prime Minister Marape has directed the Health Department to meet with Mr. Chaudhri to further discuss Pakistan’s assistance with pharmaceutical manufacturing.

Mr. Chaudhri mentioned that Pakistan could offer PNG opportunities in pharmaceutical manufacturing, education with 250 universities and 119 medical schools available, Information Technology, downstream processing of natural resources, education scholarships, manufacturing, agriculture, and low-cost housing.

Prime Minister Marape welcomed all these suggestions by Mr. Chaudhri, stating they aligned with his government’s vision.

“We will be looking at tapping into the expertise that you are offering,” he told Mr. Chaudhri.

“I especially welcome the pharmaceutical suggestion, and if there is a company willing to come in, we are very much willing to host. If there is a pharmaceutical company wanting to PNG, we are very much willing to provide land for them to set up a manufacturing facility.”

Prime Minister Marape emphasised that PNG’s foreign policy is one of “friends to all, enemies to none” and expressed willingness to host any Pakistani companies interested in setting up operations in PNG.

“We look forward to hosting any Pakistan manufacturing companies who want to set up here,” he said.

“We also welcome opportunities for our students to study in Pakistan as well as training opportunities for our public servants.”

Prime Minister Marape added that he would meet Pakistan Prime Minister Hon. Shehbaz Sharif at CHOGM to further progress Pakistan-PNG bilateral relations.

Steamships and John Swire & Sons are pleased to announce the successful completion and official opening and hand over of a classroom in Lae.

The brand-new classroom was formally presented to the school community in a small ceremony at the school grounds attended by students, parents, teachers, and project partners of Yanga Elementary School.

Addressing the audience, Steamships Finance Director & Company Secretary, Alessandro Mistroni highlighted the importance of education;

"Education forms the foundation upon which successful societies are built. It empowers and transforms communities, paving the way for a brighter future. Today, we celebrate not only the physical transformation of a school but also the promise of quality education for the children at Yanga Elementary."

The overall investment in this project amounts to approximately PGK 200,000, covering a steel classroom kit complete with students and teachers’ desks and chairs, shelves, blackboards, pinboards, and building contractor costs.

Mr. Mistroni also thanked the project partners, and team at Consort Express Lines, who without their support, the execution of the project would not have been possible.

The completion of this redevelopment project not only provides essential infrastructure but also instils a sense of pride and enthusiasm among the students, educators, and community members involved in its construction.

The upgraded facilities are expected to enhance attendance and foster greater engagement, enriching the educational experience for all and contributing to the achievement of national education goals.

The Swire Philanthropic Fund and Steamships remain dedicated to the ongoing success of this initiative and eagerly anticipate the transformative impact it will have on the Yanga Elementary School and its community.

The Credit Guarantee Corporation PNG Agri Trade Expo took place from June 24 to 27 in Port Moresby with a focus on enabling access to tailored financial products.

The Trade Expo, hosted at the APEC Haus, attracted significant international attention with its diverse array of exhibitors. Participants included banks, financial institutions, agribusinesses, exporters, hoteliers, retailers, and potential investors.

About 30 booths featured various exhibitors, highlighting a range of sectors from agriculture to finance and their contributions to the agribusiness sector.

The event promoted the cocoa and vanilla products of the Greater Sepik region, facilitating business linkages, partnerships, and relations with both national and international niche markets.

Among the exhibitors were 12 cocoa and vanilla agripreneurs, including producers and processors, from East and West Sepik Provinces.

They are part of the EU-STREIT PNG Programme under the Food and Agriculture Organization of the United Nations (FAO), which supports the development of cocoa, vanilla, and fisheries value chains by connecting them to global markets.

The Programme, a joint initiative of the European Union and United Nations agencies including FAO, ILO, ITU, UNCDF, and UNDP, is the largest EU grant-funded project in Papua New Guinea.

It focuses on enhancing sustainable economic development in rural areas, particularly in East and West Sepik, through improvements in value chains, ICT access, transport infrastructure, and renewable energy solutions.

A highlight of the event was the visit of Mr. Nobuchika Ihara, the Honorary Consul of Papua New Guinea to Japan, who expressed keen interest in the organic farming methods used in Sepik for cocoa and vanilla cultivation.

Mr. Ihara was impressed by the quality of products and requested samples of dried cocoa beans from the local farmers for testing and potential marketing in Japan.

Prior to the Expo, an SME Breakfast was held with Prime Minister Hon. James Marape, bringing together business sectors, government representatives, and industry experts as platform to discuss challenges and opportunities for small and medium-sized enterprises (SMEs) in PNG.

Industrial and business sector groups also showed their dedication to fostering SME excellence in PNG to make positive impacts on the SME community and distributing funds and prizes, sharing plans to reach individual SME targets in both nationally and internationally

The Expo and accompanying activities not only showcased the richness of PNG’s agricultural potential but also underscored the vital role of international collaborations in fostering economic growth. 

EXHIBITORS:

• PNG SOLAR DRY
• Kumul Organics
• Grow Hariap
• Central Mamina
• BWCF
• Ocean Kava
• Centre For Excellence in Financial Inclusion (CEFI)
• MiBank
• KinaBank
• MoniPlus
• MamaBank
• CIS women Cake station
• Togoba Coffee
• Mama Bank
• Mandekem chicken
• Papua Niugini Freezers (PNF)
• Protein Park
• Peoples Micro Bank  PMBL
• National Development Bank (NDB)
• Ela motors
• Resources and Investment Finance Limited (RIFL)
• Credit Guarantee Corporation (CGC)
• Tisa Community Finance (TCF)
• Teachers Savings and Loans Society (TISA)
• Department of Agriculture and Livestock (DAL/NASP)
• POST COURIER
• Rario
• Digital guru
• AGbook
• Internal Revenue Commission (IRC)
• International Training Institute (ITI)

Theresa Jaintong, a prominent women’s representative from Panguna Mine, emphasized women's pivotal role in shaping Panguna’s future amidst historical grievances and environmental concerns.

Speaking during the inaugural Papua New Guinea Resource Week, she addressed delegates, companies, stakeholders, investors, partners, and the media in Session 8 titled “Panguna Lessons and Eye to the Future.”

Jaintong highlighted the challenges and aspirations of Panguna's community, stressing the urgent need for sustainable practices and inclusive development strategies. She described the visible scars of extensive mining activities on the landscape, noting erosion and greenish-blue pools from copper traces.

Despite challenges, Panguna women have resiliently continued traditional roles in small-scale mining and farming, sustaining local economies, she said.

Her speech underscored the broader social and economic impacts of mining and advocated for equitable resolutions that prioritize local concerns over financial gains. The grassroots Panguna Mine Dialogue Project, led by local leaders and supported by women's groups, exemplifies this approach to conflict resolution and sustainable development.

Jaintong emphasized women's involvement as crucial for negotiating solutions that reflect local knowledge and priorities. She highlighted the Panguna Mine Literacy Impact Assessment (PMIA), led by a committee of community leaders and contractors, gathering data on environmental impacts and engaging the community.

Furthermore, Jaintong proposed women-led forums and economic empowerment programs to ensure women's perspectives drive Panguna's redevelopment. She also stressed intergenerational leadership initiatives to strengthen community resilience and amplify women's voices.

In conclusion, she envisioned a Panguna where women's leadership and local knowledge lead to a prosperous and equitable future for all.

The session saw 29 Panguna delegates at the 2024 PNG Resources Week – Canconex at the University of Papua New Guinea, hosted by PNG Chamber of Resources and Energy (PNG CORE).

The Panguna Landowners Interim Council also presented lessons learned from Panguna Mine's impact on landowners and affected communities.

Chairman Samson Kaissy confirmed 20 council members from the five landowner clans that attended, following the Autonomous Bougainville Government's extension of the Panguna project's exploration license (EL01), supporting economic self-reliance ambitions.

Kaissy noted Panguna's historical significance and plans for redevelopment, alongside insights from ABG President and Minister for Minerals & Energy, Hon. Ishmael Toroama.

President Toroama emphasized two critical lessons from Panguna: the importance of community affairs and local content for successful resource developments, and the need for inclusive and equitable resource laws.

He stressed the ABG's commitment to learn from past grievances and ensure any future large-scale mining in Bougainville avoids repeating past mistakes, focusing on sustainable development aligned with self-determination goals.

Under President Toroama's leadership, Bougainville Copper Limited (BCL) now includes over 71% local representation on its board. BCL thanked the Chamber for its role in community affairs and sustainable development during PNG Resources Week.

The Papua New Guinea Resources Week allowed presenters to share information, network opportunities, and PNG’s national content.

East Sepik Governor Allan Bird took the opportunity to articulate a bold vision for the future of his province, highlighting significant strides in agriculture and community empowerment.

In his presentation during the Resource Week Day 3 themed “Impact in Agriculture,” Bird underscored the challenges faced and the innovative solutions implemented to drive sustainable development in East Sepik.

Agricultural Transformation

Governor Bird emphasized the pivotal role of agriculture in East Sepik's economic scope, particularly focusing on cocoa production.

He revealed ambitious plans to equip each of the province's estimated 128,000 cocoa farmers with the skills and resources needed to increase productivity.

Through the establishment of over 600 village nurseries, Bird's administration has empowered local farmers to manage their cocoa plots independently, fostering self-sufficiency and boosting production capacity.

“We tried to bring all of that together to develop an economic base. Moving forward obviously we picked cocoa, we tried to go to every single village and I think as of today we've established more than 600 village nurseries. So essentially every village has its own cocoa nursery,” Gov. Bird said.

“Then we spent money training our people on what to do with the nursery. So how to select their clones, how to produce a new seedling, essentially trying to upgrade them from what they were doing before in terms of their skills so that they can become self-sustaining.

“That was the whole idea, to give them the skills they need. In 2017, the entire province had about 12 people. We had about 3 nurseries in the whole province. Today we have more than 600 nurseries. We have close to 50,000 local farmers. We have people who can produce their own clones.

“So essentially they can make their own decisions as to what they want to do with their land, with their resources, their labor, how to apply it. And I think we've been pretty successful at that. We were amongst the top five cocoa producers in the country. Our target is to try to get each one of our 128,000 cocoa farmers to produce one pound of cocoa. That's our challenge. That's our goal.”

"Today, we've already produced one and a half million seedlings this year alone," Bird announced, illustrating the province's rapid agricultural expansion.

By investing in training programs and infrastructure, East Sepik aims to lead PNG in cocoa production, a significant achievement for a region once struggling with agricultural viability, the governor said.

Community Empowerment and Infrastructure Development

Beyond agriculture, Gov. Bird highlighted initiatives aimed at enhancing community resilience and infrastructure.

He recounted success stories from villages like Changriwa in East Sepik Province, where every household now owns a cocoa plot, thanks to collaborative efforts between the provincial government and local communities.

Solar power initiatives have also been pivotal, providing sustainable energy solutions to remote areas previously lacking in basic services.

"We've managed to create many villages where self-sufficiency is the norm," Gov. Bird noted, pointing out the transformative impact of these initiatives on local livelihoods.

From improved housing to enhanced access to essential services, communities across East Sepik are experiencing tangible improvements in quality of life.

Bird acknowledged persistent challenges, including logistical hurdles and financial constraints. He stressed the importance of continued support from national and international partners to sustain momentum and expand initiatives across the province.

"We need bigger ships to bring stock into Wewak," Bird remarked, noting they are working towards solutions to match the growing demands of East Sepik's economy while preserving its environment.

Governor Bird expressed gratitude for the growing support from both public and governmental organisations. He credited increased public engagement and collaboration with overcoming initial resistance to reform initiatives, emphasizing the importance of transparent governance and community involvement in decision-making processes.

"In the last two years, public support has been crucial," Bird stated, further assuring his commitment to empowering local communities and revitalizing agriculture.

The inaugural Papua New Guinea (PNG) Resources Week, featuring the PNG Core Expo and Canconexx, concluded on a high note at the University of Papua New Guinea (UPNG) and The Resources Summit Dinner hosted at Hilton Hotel on July 4th.

Aimed at fostering greater local engagement in the country’s resource sector, the event saw a good turnout of delegates, investors, stakeholders, and local businesses.

The week presented a diverse array of exhibitors across four categories: Principal, Platinum, Standard, and Economy. Industry giants such as Santos, Newmont, and Huawei displayed alongside local entities like PNG Business News and community-focused organizations such as St John Ambulance and Community Education Services and service providers from both the public and private sectors.

Wednesday and Thursday (July 3 and 4) featured a Career Fair, where universities and technical colleges explored booths set up by various corporates, businesses, and organisations especially from the mining and resources sectors, including:

• University of Papua New Guinea
• Pacific Adventist University
• Divine Word University (Port Moresby Campus)
• Institute of Business Studies
• Don Bosco Technological Institute
• Other business and technical schools.

The University of Technology was the only National University that had an information booth.

President of PNG CORE Anthony Smare told PNG Business News and UNITECH: "You pick more pathways for students. The only way that you can be a bridge is to actively go out and participate when you see there's a big gathering or convening of the business community, but also multinational-type community events like this one."

The Career Fair also facilitated interactions between universities, technical colleges, and corporate entities from the mining and resources sectors.

"The more that you engage, not just having your stall, but also speaking at conferences and talking about your needs and your issues... It's really important to be effective," remarked Mr. Smare.

The event also included the CANCONEX 2024, focused on community affairs and national content, reinforcing the role of local stakeholders in the resource sector's development.

The initiative aimed to enhance collaboration between industry players and local communities, promoting sustainable growth and resource governance.

A key highlight was the PNG Resource Summit at the Hilton Hotel, featuring a keynote address by Prime Minister James Marape at the closing gala dinner in Port Moresby on the evening of Thursday, July 4.

The summit provided a platform to discuss outlooks and strategies for PNG's resource sector, which accounts for a significant portion of the country's annual exports.

Marape’s Keynote

In an official media release, PM Marape congratulated PNG CORE on successfully hosting “a resource week' that saw stakeholders in the mining and petroleum sectors meet to discuss industry matters.”

He commended PNG CORE for bringing together resource stakeholders to meet and talk, as he reminded the companies to become more inclusive of landowners in business spin-offs.

Pointing out the Hilton Hotel, where the dinner was being held, as an example of landowner entrepreneurship, the Prime Minister said developers need not look far.

“If you doubt the ability of landowners, we sit in a hotel that is landowner-owned. In 2008, the Consortium that owns this, they come under the management of MRDC, their balance sheet was K300 million. Today, their balance sheet is K7 billion.

“That indicates one thing, that landowner companies in the country are growing capacities that are adequate to fill in the gaps of service providers. And so we want to migrate past catering provision and security provision to the highest we could participate in for resources and resource harvesting.”

Prime Minister Marape said people on whose land developers do business -- including the Motu Koitabu in the city – must be acknowledged and opportunities given to them to participate in spin-off businesses.

He once more reminded the companies of the pain of Panguna, which arose because landowner’s needs were not respected.

"No amount of razor wire can stop the people from fighting for their rights if you do not give them what their rightful entitlements are," he said.

EXHIBITORS

1. Santos
2. Newmont
3. Hidden Valley Mine
4. Wafi-Golpu
5. Harmony
6. NCSL
7. KINECT
8. St John Ambulance
9. Huawei
10. Post Courier
11. Air Nuigini
12. University Of Technology (Lae Campus)
13. PNG BUSINESS NEWS
14. IPI
15. MVIL
16. PNG CORE
17. Equal Playing Field 
18. PNG NID
19. Theodist
20. PNG Ports Corporation
21. Kalang Advertisement Ltd
22. Mineral Resources
23. MRDC
24. WAN PNG
25. Total Energies EP PNG
26. K92 Mine
27. Vodafone
28. PNG Mining and Petroleum Hospitality Services
29.  Black Swan
30. Paradise Food Limited
31. Kumul Holdings Limited
32. Bank South Pacific
33. USAID
34. IPA
35. Pure Water
36. Queen Emmma Chocolates
37. Telikom PNG
38. PNG Job Search
39. Job Seekers
40. PNGEITI
41. TURA
42. PNG Chamber of Resources & Energy
43. Community Education Services

PNGX Group, operator of Papua New Guinea’s national stock exchange, has taken another step towards enhancing the PNG capital market.

PNGX has released amendments to its Business Rule to modernise the management requirements for PNG’s stockbrokers. This follows the improvement to the speed of settlement of trades which took effect in July 2023, enhancing the overall efficiency of the market.

The Business Rules govern the behaviour of stockbrokers on the PNGX market.

The recent amendments now require each broker to be supervised by a person identified as a Responsible Manager, replacing the previous requirement of an Affiliate Director. The role of a Responsible Manager is crucial, as they must possess sufficient knowledge, seniority and authority within a broker to exert control, leadership, influence and supervision over its operations and processes.

Responsible Managers must have direct responsibility for significant day-to-day decisions about the operations of the stockbroker. Additionally, Responsible Manager’s are accountable to PNGX for ensuring the stockbrokers compliance to the business rules and all applicable regulations.

These amendments are interim measures, set to remain in place until the Business Rules are completely rewritten in late 2024.To aid this transition PNGX will be providing education sessions for stockbrokers in coming months.

A copy of the amended Business Rules and the Guidance Note are available on the PNGX website.

Kumul Petroleum Holdings has awarded a contract to OilMin Holdings Limited to carry out seismic work in two petroleum retention licences where KPHL is the operator. General Manager, Fintan Lalor, signed the contract on behalf of OilMin.

Kumul Petroleum managing director, Wapu Sonk, said,”This contract award is the next step in our management of the petroleum retention licences awarded to KPHL by DPE. We have engaged OiMin to shoot a total of 79 kilometres of seismic, in six lines, over the Kimu and Barikewa fields in Gulf and Western provinces.”

“This is the first time that a national company has engaged in petroleum exploration in PNG.”

Mr Sonk advised,”The purpose of this seismic work is to gather additional information on the petroleum resources already discovered in these two licences, to hopefully increase the confirmed volumes of oil and gas they contain, as well as improve further exploration targets.”

“Once we have a better idea of the oil and gas volumes in these licences, we can assess the economic feasibility of monetising this resource, and select a development path.”

“As approved by the KPHL Board, the contract has a value of K79 million, this cost split almost equally between the two licences. We are happy to engage OilMin, a national company who have many years experience in the management of remote field operations in the country and employ many Papua New Guineans.”

Explaining some of the detail of the planned seimic, Mr Sonk outlined that, “the proposed work is in remote areas and will be heli-supported. Seismic line cutting is a labour intensive activity and it is likely that there will be 3-400 casual labourers engaged by OilMin during the programme.”

“OilMin, as principal contractor, will be responsible for all aspects of the programme including seismic data collection, helicopter support, medical and security services on site. This seismic programme will start this month and should be complete by March 2025.”

“I am glad that Kumul Petroleum Holdings is now actively involved in upstream petroleum exploration and investigating the possibility of further commercialisation of PNG’s gas resources, in licences where these discoveries had previously been considered uneconomic stranded fields.”

Terrain Tamer 4WD have launched a new TV ad on various platforms across regional Australia, New Zealand, Fiji and Papua New Guinea, to air primarily during NRL, AFL and State of Origin matches.

Running from May until September, the ad, titled “Customer is King” follows the story of a young Frank Hutchinson, who founded the Terrain Tamer brand in 1969 and supplied strengthened 4WD parts to a young Bill King, who himself was in the beginning stages of starting what would eventually become the AAT Kings travel company.

Following Frank and Bill through the start of their journey, the ad shows the development of Terrain Tamer from its earliest years through to the intensive process of research and development that goes into their expansive 4WD parts brand today, as well as their continuing focus on meeting customer needs and providing quality service.

Filmed in Alice Springs across three days, the “1969” portion of the ad was filmed using special camera equipment sourced by the project’s producers, to authentically represent the colours output by film at the time.

Terrain Tamer staff members Zac Perkins and Cameron McDonnell were called on to portray the younger versions of Frank and Bill and costumes were carefully sourced to match reference photographs.

Interspersed with footage of a Terrain Tamer vehicle travelling a red dirt road to deliver parts to a remote workshop, the present-day portion of the ad features the real Frank Hutchinson, along with his son Brent, the company’s General Manager, utilising the technology offered at the Auto Innovation Centre in Melbourne’s south-east to showcase the thorough research, design and testing that goes into Terrain Tamer’s parts development.

Terrain Tamer’s new Customer is King TVC can be seen on TVWAN throughout the NRL Season in Papua New Guinea, as well as the brands Facebook and YouTube pages, or across AFL, NRL and State of Origin on Foxtel and various free-to-air stations around Australia.