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 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...

Photo credit: European Union The Delegation of the European Union in Papua New Guinea, the PNG National Trade Office, PNG Investment Promotion Authority, Department of Commerce and Industry and the PNG-Europe Business Council hosted a joint Press Conference at Lamana Hotel on the 3rd of October 2022 regarding the Third EU - PNG Trade, Business and Inve...

Photo: PM Marape and the PNG team in discussion with Dr Kobayashi in Tokyo Prime Minister Hon. James Marape has given the green lights to Japanese think tank Japan Development Institute (JDI) to help develop a new Special Economic Zone (SEZ) Master Plan for the country and work with partners like the Asian Development Bank (ADB), Japan International Co...

Photo: PM Marape in discussion with LNG Japan Corporation President and CEO, Kyo Onojima, in Tokyo. Prime Minister Hon. James Marape has told the LNG Japan Corporation that Papua New Guinea has about 20-trillion cubic feet (TCF) in stranded gas fields, apart from the major LNG projects, waiting to be developed. He said this in Tokyo on Tuesday (Sept...

Photo: The PNG and JX Nippon Oil & Gas Exploration delegations after their meeting in Tokyo. Prime Minister Hon. James Marape has encouraged major Japanese company JX Nippon Oil & Gas Exploration, which already has a 4.7 per cent stake in the PNG LNG Project, to also participate in upstream and downstream of Papua LNG (Gulf), P’nyang LNG (Weste...

Photo: PM Marape and the PNG delegation (left) meeting with Sojitz Corporation President and CEO Masayoshi Fujimoto and his team in Tokyo. Prime Minister Hon. James Marape has invited leading Japanese company Sojitz Corporation into the upstream and downstream processing of liquefied natural gas (LNG) in Papua New Guinea. He made the invitation to S...

Photo: PM Marape meeting with Japanese PM Kishida in Tokyo Prime Minister Hon. James Marape says he is privileged to have met Japanese Prime Minister Hon. Fumio Kishida in Tokyo today (Tuesday, September 27, 2022) before the state funeral of former Prime Minister Shinzo Abe. PM Marape, one of many world leaders attending Abe’s funeral, had a bilater...

Photo credit: Porgera Joint Venture Facebook Page Barrick Niugini Limited (BNL) is pleased to announce the appointment of Ms Karo Maha-Lelai as Country Manager for Papua New Guinea Operations. Ms Maha-Lelai is a lawyer by profession and has over 23 years of experience in the petroleum and mining industry. She previously held executive positions with...

Coral Sea Hotels & Hospitality is in growth mode, part of this includes changes to the Coral Sea Hotels. Papua New Guineans are familiar with the Coral Sea Hotel offering of ENZO’s Pizza. ENZO’s has traditionally been a feature offering of Coral Sea Hotels, however as the business grows there are changes taking place to accommodate this growth. “Th...

Photo credit: ADB Masatsugu Asakawa, the president of the Asian Development Bank, and Treasurer Ian Ling-Stuckey recently met in Manila, Philippines. Following this meeting, Treasurer Ling-Stuckey stated that the ADB has been PNG's largest and most dependable multilateral aid donor, having contributed approximately $US4.26 billion (K15 billion) in a...

The long-awaited realization of quality services from the government has seen a real estate boom mainly from property owners in the Small to Medium Enterprise Sector (SME) in the Moresby South electorate of NCD. A rapid transformation from the shanty colonial suburbs to a modern looking electorate has created an abundance of opportunities for property own...

The EU-STREIT PNG Programme in collaboration with the Cocoa Board rolled out eight capacity building workshops for 470 local cocoa processors on cocoa quality control measures.   The Greater Sepik region of Papua New Guinea is leading area in cocoa production in the country, but quality has been a concern compared to other cocoa producing provinces. ...

Commentary by Stephen Howes, Kingtau Mambon and Kelly Samof The urban minimum wage has been an important part of Papua New Guinea’s economic history. In the last few years before independence (in 1975), it was greatly increased. In the decade or so after independence, it was widely regarded as too high. In 1992, it was slashed, merged with the rural mi...

Photo: Hon. Kerenga Kua, Minister for Petroleum & Energy. Credit: Papua New Guinea Energy Summit & Exhibition Twitter Page The Energy Sector of Papua New Guinea is just awaiting to be tapped into as it has the capacity to generate massive returns in revenue. Gas projects such as The Papua LNG project and P’nyang Gas project are expected to b...

Leading digital bank, Kina Bank is continuing to push the digital boundaries when it comes to everyday banking in Papua New Guinea (PNG). “This latest digital advancement will take personal banking to the next level, it is a game changer,” Kina Bank Chief Transformation Officer, Mr Ivan Vidovich said. “Our team has developed a banking tool that is e...