“The Prime Minister and Hon. James Marape’s opening address at the 11th Parliament session on “Restructuring Governance and Real Development Outcomes” was well received by the market,” said BSP Group General Manager for Corporate Banking, Peter Beswick. According to Beswick, “The message of the Prime Minister was well received. With its key focus on su...

Photo credit: Newcrest Prime Minister Hon. James Marape wants maximum benefits to be paid to landowners and their provincial governments from the resource projects around the country. The Prime Minister said this today during a meeting with Morobe Governor Hon. Luther Wenge MP, the Mineral Resources Authority, representatives from Morobe Provincial ...

Photo: Tokyo meeting last month Prime Minister Hon. James Marape has welcomed Japanese think tank Japan Development Institute (JDI) into Papua New Guinea 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 Cooperation Agency (JICA) and the World ...

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

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...

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 ...