Papua New Guineans stand to benefit from a modernization of the nation’s capital market that’s expected to boost investment, accelerate economic growth and help support a sustainable economic recovery. Under an agreement announced today, IFC, a member of the World Bank Group, will work with PNGX Markets Limited, the national stock exchange of Papua New...

Photo credit: PNG Women Entrepreneurs Connect Facebook Page Papua New Guinea Women Entrepreneurs Connect, whose objective is to empower and motivate women to be successful in business, today signed a Memorandum of Understanding (MOU) with PNGX Markets, the PNG Digital ICT Cluster, Emerging Venture Management (Unkapt) and Pacific Capital Markets Develop...

Photo credit: Weir Minerals As a leader in materials development and advancement, the team of material scientists at Weir Minerals are always pushing for ways to improve the capabilities of our technology for our customers. The advanced laboratories at Weir Minerals develop a variety of materials, from natural to synthetic, to polyurethanes and comp...

Photo: NiuBridge on the Boluminski Hwy, New Ireland, PNG You know how they say, “Build a bridge… and get over it”?  Well with PNGFP NiuBridge you don’t have to build it, because it’s already built! These expertly designed and engineered modular bridges are prefabricated to your specifications by PNG Forest Products. With a design life of 50+ years a...

Photo credit: Migration Plus Migration Plus is a leading Migration firm in Cairns, in the Far North Queensland region providing professional migration advice to students, individuals, government, businesses and corporate groups including the mining, hospitality, tourism, agricultural and air services industries. Migration Plus are also Education Age...

Photo credit: Coral Sea Cable System The internet connectivity disruption last week was caused by problems with the Coral Sea Cable System, according to PNG DataCo Limited (DataCo) (CS2). DataCo chief executive officer Paul Komboi said: “The issues are isolated to the end devices or nodes in Port Moresby and Sydney affecting internet traffic and pri...

The multi-billion-kina Porgera gold mine in Enga, according to Porgera Chamber of Commerce and Industry head Nickson Pakea, must reopen shortly to promote economic activity and solve criminality in the district. “The law and order issues in the district is partially due to the shutdown of the mine and those with access to guns taking advantage to condu...

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...

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...