To promote private investments in Papua New Guinea's energy industry, the US government, through the US Agency for International Development (USAID), published an investor guide for the sector. The handbook was released in Port Moresby by USAID and the Investment Promotion Authority (IPA) in conjunction with the USAID-PNG Electrification Partnership (P...

Photo: Official ribbon-cutting ceremony at the reopening of the Tourist Information Centre The Tourism Promotion Authority (PNGTPA), just like all National Tourism Offices around the world, is welcoming travellers back to Papua New Guinea with the reopening of the Tourist Information Centre at the Jackson's International Airport in Port Moresby, Friday...

According to Australia's consul general Mark Fox, the country is contributing more than K1 billion to the development of Morobe's port and road infrastructure. According to Fox, investment in the industries was essential to propel the economy because of the province's contribution to PNG's economic growth. Australia is dedicated to providing high-qu...

Photo: Markham Valley, Morobe. Credit: PNG Facts According to Australian consul-general Mark Fox, the Australia-Papua New Guinea collaboration would concentrate on developing PNG's non-resource sector through a variety of initiatives. “While we know that growth in the resources sector in 2022 is expected to be strong at 2.6 per cent, the non-resourc...

Photo: James Marape Prime Minister Hon. James Marape recently (October 11, 2022) welcomed the latest World Bank report on Papua New Guinea. The latest World Bank Economic Update released last month says the economy in PNG is forecast to expand by 4 per cent in 2022, up from 1 per cent in the previous year. This return to growth following a sharp ...

As part of showcasing business opportunities in Papua New Guinea and what local business has to offer , two local woman entrepreneurs were given the opportunity to present their Small to Medium Enterprise and they included "Apo Meri" and "Devine Management Services" at the European- PNG Business, Trade, and Investment Conference from the 11-12 of October....

Photo: Mr. Chey Scovel from the Manufacturers Council of PNG speaking in front of the others panelists. Panelists at the Third European-PNG Business, Trade and Investment Conference on the 10th of October, 2022 at Apec Haus Port Moresby, speaking on the topic of "Navigating the business environment - the impact of the regulatory framework for business,...

Photo credit: PNG Chamber of Mines and Petroleum The full board of Newcrest Mining led by Chairman Peter Tomsett and accompanied by Managing Director and CEO Sandeep Biswas are visiting Papua New Guinea this week, meeting key stakeholders and visiting the Newcrest Lihir mine in New Ireland. Their visit started in Port Moresby on Monday, 10 October invo...

Photo: Papua New Guinea Prime Minister James Marape poses with Barrick Gold Chief Executive Mark Bristow in the capital of Port Moresby, Papua New Guinea, October 15, 2020. Credit: Papua New Guinea Prime Minister's Media Office Prime Minister Hon. James Marape has welcomed Barrick Gold President and CEO Mark Bristow and Newcrest Mining Ltd Managing-Dir...

Photo credit: PNGEITI - Porgera Mine Barrick Chief Executive Mark Bristow, in PNG for quarterly operational reviews, said that the incorporation of New Porgera Limited (NPL) on 22nd September, following execution of the New Porgera Shareholders Agreement by Barrick (Niugini) Limited, Kumul Mineral Holdings Limited and Mineral Resources Enga, marked an ...

Photo: Children at Baruni Dump, Port Moresby Key priority areas to be overviewed by Education Department Papua New Guinea’s Education system has suffered from a number of policy shifts, drastic changes in curriculum and under resourcing over the years. The free education policy has succeeded in increasing the number of students attending schools, ho...

The Papua New Guinea Trade Union Congress (PNGTUC) and its affiliated women members have made a call to the Government to continue to remain intact to protect and promote the same solidarity and consistency shown during the unopposed election of Prime Minister James Marape and Speaker of Parliament Job Pomat when the 11th parliament rose to elect these tw...

Photo credit: K92 Mining K92 has announced a strong production result for the third quarter of 2022. John Lewins, K92 Chief Executive Officer and Director, stated, “In the third quarter, Kainantu delivered one of our most complete quarters to date and marked another important step forward in expanding operations with near-record production and multi...

Photo credit: China Daily According to an official, the governments of China and Papua New Guinea are collaborating on a feasibility assessment for a prospective bilateral free trade agreement (FTA). According to a representative for the Chinese embassy, the FTA may help to increase bilateral commerce, particularly in the food and agriculture sector...

Photo: (L-R) Deputy Controller National Pandemic Response Dr. Daoni Esorom, Minister for Tourism Arts & Culture Hon. Isi Henry Leonard, PNGTPA CEO Mr. Eric Mossman Uvovo. Credit: PNGTPA Tourism Promotion Authority has announced the re-opening of Cruise Tourism into the country. Chief executive officer Eric Mossman Uvovo said that the cruise tourism...

Photo credit: Paga Hill For the country to produce more cocoa, there has to be more cooperation between the provincial administrations and the local cocoa farmers. The partnership is the only way to forward the work, according to Albert Nukuitu, chairman of the Papua New Guinea Cocoa Board. He stated that the PNG Cocoa Board is committed to such ...

A potential large-scale rice farming company in the Philippines will be sending a delegation to Papua New Guinea in November this year to evaluate the country’s potential for large-scale rice farming in Central Province. Richard Maru, the minister for international trade and investment, emphasised this as one of his accomplishment goals during a recent...

Port Moresby based Security Services Company DEXSS Limited has recently launched a new rideshare service incorporating a smartphone application that is set to change the way people move around Papua New Guinea. The app called “DEXSS PNG” assimilates a fleet of vehicle owner drivers who can use their personal vehicles to taxi people around their local a...

Photo credit: Shane McLeod Former National Fraud Director for the National Fraud and Anti-Corruption Directorate, Mathew Damaru said the lack of cooperation between government agencies has led to a halt in prosecutions of over 500 money laundering cases resulting in suspects still hijacking millions of kina from stolen public assets. “There is outst...

Photo: James Marape The Prime Minister has vowed to bring out past Commission of Inquiry (COI) reports and prosecute suspects recommended by these reports. These COI reports include the Union Bank of Switzerland (UBS) Loan inquiry, Department of Finance Inquiry, The inquiry into the Moti Saga, The national Provident Fund inquiry (Nasfund) and The Parak...

Photo credit: Papua New Guinea Customs Facebook Page  A total of K7.4 million in duties (taxes) and penalties (fines) have been recouped from enforcement operations by the PNG Customs Services. With a new direction, reform and approach the efficient recovery process was a result of the tireless efforts shown by the Customs enforcement team. The enforce...

Photo: International Trade and Investment Minister Richard Maru (left), PM Marape and East Sepik Governor Allan Bird meeting with executives of leading Japanese company Sojitz Corporation in Tokyo Department of International Trade and Investment will be a “one-stop shop” for all large foreign investments in Papua New Guinea, according to Prime Minister...

Photo: Executive Managing Director Howard Lole and Larry Andagali of Lole Mining Limited presenting K20 Million payments Liquification to BSP  Local mining firm, Lole Mining Ltd has paid K20 Million to the Liquidator Pini Accountants and Advisors on Monday, 22nd of October as part of its process in the transfer of ownership of Tolukuma gold mine in the...

Photo credit: PNGEITI An undertaking by state owned Kumul Petroleum Holdings Limited (KPHL) to increase its PNGLNG equity through a conditional arrangement between PNGLNG partner Santos has raised concerns over the lack of transparency surrounding the whole arrangement and the partial financial transaction that already took place between the parties in...