EU-STREIT PNG started work on two additional farm-to-market access roads in Sandaun and East Sepik provinces totalling 56 plus km, to serve over 16,000 villagers, including businesspersons, women and school children, with improved access to towns, health posts and schools.   The International Labour Organization (ILO) under the EU Funded UN Joint STREI...

The Grand Papua Hotel in Port Moresby is a proud winner of The World Travel Award 2022. The World Travel Award recognizes and celebrates the hotel industry worldwide, with votes cast by travellers, guests, and industry players. It is the first year the Grand Papua Hotel has entered The World Travel Award and we are proud to have been awarded the follow...

Photo: PM Marape speaking during the launching of the K130 million Paga Hill Paradise project in Port Moresby Prime Minister Hon. James Marape has welcomed foreign investors into Papua New Guinea, as he launched the K130 million Paga Hill Paradise project in Port Moresby recently (September 8 2022). He said the 22-storey luxury apartments project, b...

Photo credit: The Statesmen According to India's High Commissioner Inbasekar Sundaramamurthi, Papua New Guinea exports to India five times more than India does to PNG. “This means the balance of trade is in (PNG’s) favour,” he said. According to Sundaramamurthi, India and PNG had bilateral trade of about $427 million (K1,471.13 million). Aroun...

According to International Trade and Investment Minister Richard Maru, the construction cost of the Pacific Marine Industrial Zone (PMIZ) project in Madang may be close to K1 billion. Maru stated that although the government had set out roughly K70 million for the project, it might not be sufficient. “We are going to make sure that PMIZ is going to ...

When Parliament convenes in October, it is anticipated that the National Trade Bill, which was approved by the National Executive Council in 2021, will be presented. The National Trade Office Bill aims to address the need for anchoring the government's trade policy role, removing redundancy and resource waste, and giving the newly established National ...

Photo credit: Newcrest With the help of royalties, taxes, a production levy, and vendor agreements, PNG has received K1.5 billion from Newcrest's Lihir Gold Mine in the province of New Ireland. Speaking during the recent induction of the Members of the 11th Parliament in Port Moresby, Newcrest PNG country manager Stanley Komunt stated that the busin...

Prime Minister Hon James Marape recently addressed the importance of the partnership that the government and businesses can foster to discuss policy, financial barriers, technology and innovation so that growth in business can be accelerated.  He highlighted this during the Business Council of PNG's Back to Business Breakfast which was held on the 30th...

Photo: PM Marape and Health Minister Hon. Dr Lino Tom with members of the medical fraternity at the Medical Symposium recently Prime Minister Hon. James Marape recently (September 5 2022) announced a K42.7 billion health intervention programme for the next 10-15 years in Papua New Guinea. He made the announcement today (September 5 2022) when addres...

Photo: James Marape Prime Minister Hon. James Marape says fisheries must be put on the pedestal in Papua New Guinean as a major business for the country. He said this today (Tuesday September 6 2022) when addressing the Provincial Fisheries Conference in Port Moresby organised by the National Fisheries Authority (NFA). PM Marape challenged the NF...

Photo: PNGX Chairman Mr David Lawrence receives the Securities Commission of Papua New Guinea approval from Acting Chairman Mr Robert Salmon-Minak and Mr James Joshua PNGX, Papua New Guinea’s national stock exchange, has received formal reconfirmation of approval by the Securities Commission of Papua New Guinea to operate a stock exchange. The approval...

Weir Minerals rubber technology has long been a hallmark of its offering to the mining and minerals processing industry. The Warman® MCR® slurry pump is a case in point; often utilised in applications where competitors use metal-lined pumps, Weir Minerals continues to push the boundaries of what rubber is capable of in mill circuit applications. Weir M...

EU-STREIT PNG collaborates with registered enterprises (nurseries) to sustainably supply quality cocoa seedlings in the Sepik region of Papua New Guinea. The Food and Agriculture Organization of the United Nations (FAO), under EU-STREIT PNG Programme, in its mission to increase the production of high-quality cocoa that will improve the agribusiness of ...

EVERYONE’S A WINNER: Mr Gerea Aopi, CBE – PNG Cancer Foundation Chairman and Mr Leon Buskens, Santos Country Chair, PNG along with Team Southern Cross Assurance Limited, winners of the Santos 2022 Corporate Golf Challenge. The Santos 2022 Daffodil Corporate Golf Challenge with the tremendous support of the business community has raised more than K160,0...

The Australian government has signed a new five-year deal with foreign fisheries agencies to address illegal fishing in the Pacific region including Papua New Guinea waters. This was revealed by Australian Foreign Affairs Minister Penny Wong in response to questions on illegal fishing. Wong, who was on a three-day visit, said that access to sovereignty...

Photo: Philip Samar  According to the PNG Chamber of Mines and Petroleum, the government must make greater efforts to safeguard the economy by encouraging exploration to find new projects in the resources sector. Chamber Vice-President Philip Samar said that the resource sector has made direct contributions to the government totaling K2.9 billion to...