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...

Photo: Oil Search Santos advises it has received a binding conditional offer from Kumul Petroleum Holdings Limited (Kumul) to acquire a 5 per cent project interest in PNG LNG for asset value of US$1.4 billion, including a proportionate share of project finance debt of approximately US$0.3 billion (the Offer). Kumul is Papua New Guinea’s national oil...

One of the most important issues that is currently affecting lives of low-income earners in Papua New Guinea is Inflation. This vital issue needs to be seriously addressed and implemented by the new government under the leadership of Prime Minister, James Marape and his Deputy, John Rosso. Treasurer Ian Ling-Stuckey recently passed the supplementary bu...

The Pasca A offshore gas project in the Gulf of Papua will focus to help transform the PNG energy sector and to boost sustainable growth in the country. Twinza Oil (PNG) Limited chairman, Stephen Quantrill said when in full production, the Pasca A Liquefied Petroleum Gas (LPG) project’s landed prices will be lower than the current LPG imports. He sa...

Photo credit: Papua New Guinea Today According to Richard Maru, the Minister for Trade and Investment, high electricity costs are a significant barrier to trade and investment in Papua New Guinea (PNG). With approximately 13% of the population having access to electricity, PNG is one of the least electrified nations in the world due to its inconsist...

Picture: Minister for International Trade and Investment, Hon. Richard Maru and the Chief Trade Officer from the National Trade Office, Mr. Richard Yakam in Tokyo, Japan Papua New Guinea Minister for International Trade and Investment,  Richard arrived in Tokyo, Japan over the weekend as part of the delegation who will be representing Papua New Guinea ...

Photo: EU-STREIT PNG addresses gender-based violence and its subsequent negative impact on inclusive participation and transformational change in seven remote villages in Sandaun Province A 5-day intensive training workshop on establishing and organising agri-business groups, with a focus on Group Leadership and Business Management skills, was recently...

Photo credit: James Marape News Page Prime Minister James Marape was pleased with the outcomes of the engagement of Pacific Leaders with the United Nations Secretary-General, Antonio Guterres and the General Assembly 77th session General Debate. Prime Minister Marape recently attended his final meeting at the United Nations General Assembly annual w...

Prime Minister Hon. James Marape says Papua New Guinea can become a food supplier to the world with its abundance of land and sea. PM Marape, when addressing the 77th United Nations General Assembly (UNGA) in New York on Friday (April 23, 2022), invited new international development partners to work with PNG in the agriculture sector, particularly in d...

Photo credit: Ronald Meketa LinkedIn Page The National Energy Authority has been in the transition for the last two years and is set to be fully operational by 2025. The NEA is planning to conduct its consultation workshop with intergovernmental agencies to guarantee they are fully functioning in three years, according to interim managing director R...

Photo credit: PNG Energy Summit - Wayne Kasou Santos has paid more than K1.21 billion in corporate tax since the merger, despite the current focus of considerable discussion on multinational corporations in the extractive industry to pay their taxes. A further K43.2million was also paid as direct taxes as an operator in the country. At the recent...