National Information and Communications Technology (Nicta) chief executive officer Kila Gulo-Viu said Vodafone has inked agreements with Digicel and Telikom to secure connections with the two networks. “Telikom and Vodafone concluded an interconnection agreement last Wednesday. This a very important development in the context of competition as both sub...

Hon. James Marape has encouraged Hela residents to start companies, particularly commercial agriculture, and to pursue education. PM Marape made the announcement in front of thousands of people in Tari at the opening of the spectacular K8 million National National Bank (NDB) Building, dubbed Moses Liu Haus in honor of the late Moses Liu, former NDB man...

Photo credit: NBC National Radio After 45 years, the PNG National Employment Policy 2021-2031 was launched, marking PNG's entry into the global economy. Prime Minister James Marape stated this during the policy's unveiling at APEC Haus in Port Moresby last week. With a greater grasp of the numerous issues that a rapidly growing economy poses, he ...

Photo credit: Peoples Micro Bank According to State Enterprises Minister William Duma, the Government has allowed the Peoples Micro Bank Limited to become a full-fledged commercial bank. “This means the bank and Kumul Consolidated Holdings (KCH) can now implement venture into retail banking and commercialisation of its operations,” he said. “The ...

According to James Marape, the concept of special economic zones has been demonstrated to operate around the world. He addressed this in Kerevat, East New Britain, during the launch of the Gazelle Agro-Industrial Special Economic Zone (SEZ), a brainchild of MP Hon. Jelta Wong, will concentrate on the country's abundant agriculture and tuna resources. ...

Ok Tedi Mining Limited (OTML) has entered into a Memorandum of Understanding (MoU) with the Kiunga Technical Vocational Training Centre (KTVTC) to train and develop trades men and women. Signed between OTML’s Major Projects Business Unit and the KTVTC in March, the MoU defines the application and selection processes for the students attending the colle...

CSR: It once meant a big company handing over large sums of cash in the hope (or more usually, on the condition) of getting something in return, but today it means a whole lot more.  Today it is about the social licence to operate and also a necessity if we are to meet net zero by 2050.  Today’s global society is identifying that doing good for others is ...

Photo: The late Deputy Prime Minister Hon. Sam Basil. Credit: PM James Marape News Page Statement by Prime Minister James Marape on the passing of Deputy Prime Minister Sam Basil Papua New Guinea is shocked and saddened at the tragic passing of Deputy Prime Minister, Transport Minister and Bulolo MP Hon. Sam Basil after a road accident along the Bul...

According to the company's 2021 annual report, Steamships' businesses were robust in achieving an overall revenue increase of 11% in 2021. Chairman Geoff Cundle stated that the outcome was achieved despite the twin obstacles of a weak underlying local economy and the global consequences of the Coronavirus (Covid-19). “Steamships’ hospitality group, ...

The Bank of PNG (BPNG) claims that rising global inflation has resulted in higher import costs and domestic inflation, which it attributes to increased activity and demand as a result of massive fiscal and monetary stimulus programs. The ongoing Russia-Ukraine war, according to Acting Governor Benny Popoitai in BPNG's quarterly economic bulletin for th...

Remote sections of the nation, such as Morobe's Siassi islands, are no longer neglected, according to James Marape. During his visit to Bunsil Station on central Umboi Island, he launched many impact projects for Pangu MP Hon. Tewai-Siassi District Development Authority (DDA). Kobby Bomareo, M.D. He was joined by the Deputy Leader of Pangu, Hon. Gin...

Photo: PM Marape with Manus Governor Hon. Charlie Benjamin (left), Civil Aviation Minister Hon. Walter Schnaubelt and Speaker and Manus MP Hon. Job Pomat at the new Momote International Airport in Lorengau According to James Marape, his government has boosted expenditures on vital infrastructure across the country, in contrast to the Peter O'Neill dict...

Photo credit: Newcrest Mining Newcrest Lihir has commissioned an improved Temperature Measuring Unit (TMU) that further enhances safety for personnel working at its geothermally active mining pit. This second generation TMU comes after the christened Anako 13, commissioned on 6 March 2018; it engineers out the risk of personnel exposure to geysering...

The reopening of the Panguna Mine has become inevitable following an agreement between the landowners and the Autonomous Bougainville Government to reopen the multibillion kina defunct mine. Following the meeting of the ABG and the Panguna Mine Landowner Clan Chiefs held at Tunuru Catholic Mission, Kieta District on Wednesday 04 May 2O22 and the signin...

Kumul Petroleum Holdings Limited, today hosted a ground-breaking ceremony for its Steel, Mechanical and Piping (SMP) module fabrication facility and construction training academy outside Port Moresby, near the LNG plant on the shores of Caution Bay. Managing Director Wapu Sonk explained that, in preparation for forthcoming LNG and mining developments i...

Melanesian marine services company, Pacific Towing (PacTow), has conducted In Water Surveys (IWS) in Papua New Guinea for more than 10 years. Certified by multiple international survey companies for the supply of IWS of ships and mobile offshore units in the oil and gas sector, PacTow has recently introduced a ‘live video feed’ component to their IWS serv...

Photo: President Anthony Smaré addressing the attendees at the 34th Annual General Meeting Incumbent president of the PNG Chamber of Mines and Petroleum Anthony Smaré retained his position as President at the Chamber’s Annual General Meeting. Mr Smaré was re-elected unopposed in the Chambers 34th Annual General Meeting held on Thursday 28th of April...

Holiday Inn Express Port Moresby reopened its doors to guests on the 1st of May, 2022. The perfect base to get business done while in Port Moresby or start a PNG adventure, the hotel closed operations on April 16, 2020 following the first travel border closures as a result of the COVID-19 pandemic. Whilst the hotel remained closed for sale from 2020, a...

Photo: BSP Group General Manager for Corporate Banking, Peter Beswick The global economy remains constrained by inflated commodity prices, lingering pandemic effects, and supply bottlenecks. According to BSP Pacific Economic and Market Insight Q1 2022 Report, BSP Group General Manager for Corporate Banking, Peter Beswick said Russia’s invasion of Uk...

Quarter one of 2022 Foreign Exchange (FX) market inflow momentum is expected to continue into the half-year, assisted by firmer commodity prices, end of half-year dividend flows and foreign aid, according to BSP Group General Manager – Treasury, Rohan George. “As FX inflows can be lumpy, we expect there to be periods where outstanding FX orders build u...

Photo: IPA Haus Since 2019, the Investment Promotion Authority has seen a significant increase in PNG businesses registered. The increase in registration came when COVID-19 hit the country, according to IPA managing director Clarence Hoot. “We are slowly seeing registration of businesses, especially from international investors and international ...

“As Bougainville continues to make great headway in its political development, we must also ensure that our socio-economic development is on par with our independence ready mission.” President Toroama made this bold declaration in parliament, emphasising the importance of hastening internal economic development plans. “We already have several high i...

Pacific Trade Invest (PTI) Australia, an agency of the Pacific Islands Forum Secretariat, has launched its 2021 Annual Report. Despite the harsh climate, the report highlighted more than A$27 million in export sales and 17 investment deals brokered in the area. In the aftermath of COVID-19, PTI Australia continues to engage with businesses in Papua ...

PNG DataCo Limited (DataCo) chief executive officer Paul Komboi says there will be a planned outage on the Coral Sea Cable System (CS2) between Port Moresby and Sydney from May 14 to 21. However, according to Komboi, the date might be pushed back to October. “DataCo management has considered this outage a critical precautionary measure to mitigate s...