The Opposition Leader of Papua New Guinea, Hon Joseph Lelang, has questioned the Marape-Rosso Government on its immediate and long-term solutions to resolve the public sector rental crisis being experienced by numerous key government departments in Port Moresby. He said millions of kina has been allocated to address arrears and outstanding claims each ...

Institute of National Affairs Executive Director Paul Barker stated that corruption is a certainty of life, but it has a massive cost in business, the economy and wider society, He said this during the closing of the third EU-PNG Business, Trade and Investment conference in Port Moresby. Mr. Barker said the perception of corruption in PNG is not a good...

Photo credit: PNG Bulletin Fisheries and Marine Resources Minister, Hon Jelta Wong, MP, has stated that THE Prime Minister Hon James Marape has opened doors to create new market opportunities for PNG seafood exports to Japan. He said this when welcoming the Prime Minister upon his return from international duties. “The Prime Minister is the first Mi...

With over twenty years at News Corp and the ABC (including as Business Editor), Presenter at Sky News and as an investigative reporter with Four Corners, there is no denying the illustrious Ticky Fullerton is a household name in Australian business circles. She is the author of Watershshed, the first comprehensive book on the future challenges facing Aust...

Photo credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape has congratulated ExxonMobil on its 100 years in Papua New Guinea and says the company is welcome to stay on for another 100 years. He said this when addressing ExxonMobil’s 100th Anniversary Dinner in Port Moresby on Saturday night, which wa...

Investment Promotion Authority celebrates its 30 years of being in operation in the country. Commerce and Industry Minister Henry Amuli said celebrating 30 years of operation is a momentous occasion because the Investment Promotion Authority (IPA) is the top performing agency in the Commerce and Trade ministry. He said that previous prime ministers ...

In 2022, the PNG GDP is anticipated to reach K110 billion. Speaking at the 2022 PNG Update, which was organised by the University of PNG in partnership with the Australia National University, Prime Minister James Marape stated that the GDP of PNG was K79.4 billion in December 2018 and K83.8 billion in 2019. According to him, the government has been ...

Photo credit: Verdict According to Prime Minister James Marape, Papua New Guinea can learn a lot from Israel, particularly in the field of agricultural technology. Marape made the comment in Parliament in response to a query from Morobe Governor Luther Wenge on the potential for PNG to open an embassy in Israel and vice versa as a Christian nation. ...

According to acting chief executive Rodney Begley, PNG Ports Corporation Ltd. is spending K1.5 billion on port infrastructure around the nation. Lae's major dock and tidal basin will get K470 million in investments to become an international freight centre. Begley said that Lae was of interest to the port authorities because 9.9 million tonnes of fr...

The Petroleum Sector National Content Policy is anticipated to be finished by the end of this month and presented to the National Executive Council the following month, according to Department of Petroleum and Energy Secretary David Manau. Manau stated that this strategy will also establish an office to look at the practical elements of assisting the s...

EU-STREIT PNG collaborates with National Fisheries Authority (NFA) to support sustainable development of the fisheries value chain in rural Papua New Guinea. The Food and Agriculture Organization of the United Nations FAO), under the EU-STREIT PNG Programme is partnering with the National Fisheries Authority (NFA) to assist in the sustainable developme...

PNGX, Papua New Guinea’s national stock exchange, has released proposed new Listing Rules for consultation. A key step towards the development of a more effective secondary market in equity securities is the modernisation of the PNGX Listing Rules. PNGX’s Listing Rules govern the quotation of securities, their admission to the official list and henc...

Photo credit: K92 Mining Inc K92 Mining Inc is pleased to announce results from the ongoing surface and underground diamond drilling of the Kora, Kora South, Judd and Judd South deposits in addition to maiden results from the Kora Northern Deeps target at the Kainantu gold mine in Papua New Guinea. The results for the latest 93 diamond drill holes c...

Photo credit: Department of Prime Minister & National Executive Council After a decade, the PNG/lndonesia SOM was convened in the Indonesian harbour city of Jayapura from 11th-12th October 2022.  The PNG side was led by Mr Frank M. Aisi, Deputy Secretary Policy 1 responsible for Economic and Infrastructure Sectors and International Relations of ...

Photo: Chairman of MRA board Mr Benny Kimisive cutting the ribbon to officially commission the solar project. Present is OIC Mr Nathan Mosusu and from PPL Mr Roy Daggy. The Mineral Resources Authority (MRA) will save about 60 percent of its annual energy bills averaging about K650, 000, with the launching of its new Photo-Voltaic (PV) solar power syste...

Photo: Neil Papenfus (GM, Pacific Towing) together with Deborah Onga (Group Legal Counsel, Steamships) after his previous fundraising swim for Cheshire Disability Services.  Neil’s fundraising goal for the 2023 English Channel Swim is K100,000. An open ocean swim between England and France is the latest fundraising activity being planned for Cheshire D...

Sky Health and Medical Services (SHMS), a 100% nationally owned Medical Service Provider specialized in proving Occupation Health services to the Industry of Mining, Petroleum and Energy was privilege to be given the opportunity to participate and exhibit in this Event. At SHMS we support and promote Local Business in the country, through specialist ca...

Photo credit: ABG The 2022 Bougainville Trade and Investment Conference ended on a high note following intensive discussions over the last two days at the Sharp Memorial Youth Center in Arawa. Over the course of the two days, experience-sharing and presentations were delivered by trade and economic experts on how Bougainville can narrow its fiscal g...

Prime Minister Hon. James Marape has welcomed the news by Steamships Trading Company to diversify further through a partnership with his government in the downstream sector. He made this known after meeting the company's Managing-Director Rupert Bray and General Manager Corporate Affairs Vele Rupa in Port Moresby this week. The Port Moresby meeting ...

Photo: Isi Henry Leonard Tourism, Art and Culture Minister, Isi Henry Leonard has urged that Papua New Guinea must promote domestic tourism as a pathway forward in order to preserve, safeguard and promote the country’s culture. “I wanted to see a simple tourism industry that is more people oriented,” he said. The minister stated this to participatin...

Photo credit: SME Corporation Facebook Page A Corporate Audit Team had been recently launched and put in place by The Small and Medium Enterprise Corporation (SMEC) in Port Moresby. SMEC’s Director for Corporate Affairs, Rodney Sumale said the audit committee has been created purposely to help the Office of Internal Audits & Compliance in ensuring ...

Photo: John Rosso ​​​​​​. Credit: EMTV  In response to a question asked by a reporter regarding the Government’s stance on the lock down of prime government buildings, Deputy Prime Minister and Minister for Lands and Physical Planning Hon. John Rosso stressed that the issue of unpaid rentals that the Government is currently facing were aggregated amoun...

Photo: OTML Managing Director and CEO Musje Werror With 10 years of mine life remaining, Ok Tedi Mining Limited (OTML) is committed to enabling a sustainable future for its 158 CMCA (Community Mine Continuation Agreement) communities post closure. OTML Managing Director and CEO Musje Werror said this when he presented at the Community Affairs and Bu...

Photo credit: Pixabay The amount of gross foreign exchange reserves at the end of June this year, according to acting Bank of Papua New Guinea governor Benny Popoitai, was US$3.2 billion (about K11.6 billion). At the end of December of last year, there were US$3.2 billion (about K11.3 billion) available. In the bank's March 2022 Quarterly Economi...