Photo: Chinese Foreign Minister Wang Yi and PM Marape Prime Minister Hon. James Marape says Papua New Guinea is focused on strengthening economic relationships with China, particularly in downstream processing of raw materials for export. He said this on Friday (June 3 2022) after a meeting with Chinese Foreign Minister, His Excellency Wang Yi, the ...

Photo: Chinese Foreign Minister Wang Yi meeting with PM Marape on Friday Prime Minister Hon. James Marape says China-Papua New Guinea relations remain “solid and strong” since in 1976 when diplomatic relations between the two countries were forged. He said this on Friday (June 3 2022) after a meeting with State Councilor and Foreign Minister Wang Yi...

Prime Minister Hon. James Marape has welcomed the outcome of talks between Chinese State Councillor and Foreign Minister His Excellency Wang Yi and Papua New Guinea Foreign Affairs Minister Hon. Soroi Eoe in Port Moresby on Friday (June 3 2022). The talks follow on from the visit by PM Marape to China in February this year where he held discussions wit...

Photo: Ark buildings are easily assembled by local workers, thus assisting developers achieve their local content objectives by providing training and employment for people in their footprint communities Prefabricated modular building supplier, Ark Pacific, continues to increase its market share in the provision of camps across PNG’s resource sector. W...

Photo: Chinese Foreign Minister H. E Wang Yi. Prime Minister Hon. James Marape says Papua New Guinea remains “friends to all and enemies to none” and this has been its stance since Independence in 1975 under first Prime Minister and founder of Pangu Pati Sir Michael Somare. He said this today (June 2 2022) when welcoming Chinese Foreign Minister, Hi...

Photo:  EU-STREIT PNG Programme, in its ongoing efforts to build the capacity of rural entrepreneurs and business activities and to create linkages of value chain actors with the public and private sector in the Sepik Region, supports the formation of a Greater Sepik Secretariat Forum. With the backing of the EU Funded UN Joint STREIT PNG Programme,...

Photo credit: ABG Recently, the Autonomous Bougainville Government concluded a three-day Leaders Symposium at the Sharpe Memorial Youth Center in Arawa. Running under the theme of “Moving a resilient and responsible Bougainville towards Independence”, the Symposium provided the space for leaders to reflect on progress so far under the Bougainville S...

Photo credit: Geopacific Resources - Figure 2: Mining Lease exploration target areas Geopacific Resources Limited is pleased to provide further updates on its successful grade control and resource extension drilling at the Woodlark Gold Project. Chief Executive Officer, Tim Richards commented “The grade control and resource extension drilling campai...

Prime Minister James Marape claims that undeveloped resource projects will deliver roughly K200 billion into the country's GDP. As a result, he urged investors to keep investing in the nation. Marape said this in Brisbane at the 37th Australia-Papua New Guinea Business Forum and Trade Expo. “I want to assure you all that despite our diversity of ...

Prime Minister James Marape claims that the Australian government's intervention to assist PNG with budgetary support for essential infrastructure has aided the government's expansionary economic goals. Marape said this in Brisbane at the 37th Australia-Papua New Guinea Business Forum and Trade Expo. “In case you did not see it that is why Bank Sout...

The outlook for Papua New Guinea has been changed from negative to stable by Standard and Poor's Global Ratings. The stable outlook is based on S&P's belief that fiscal consolidation efforts and measures contained in an International Monetary Fund programme would continue to decrease fiscal deficits and stabilise the country's debt burden over the ...

According to National Research Institute (NRI) interim director Osborne Sanida, the government must embrace digital transformation to promote commerce. “the volume of trade has increased over the years with the reduction of tariffs,” he said. “We need to ensure that digital transformation is used to our advantage to facilitate trade. “But we must...

Photo credit: Rocky Roe - PM Marape addresses the forum Prime Minister James Marape claims that Papua New Guinea is a good location to invest. The Prime Minister recently spoke at the 37th Australia-Papua New Guinea Business Forum and Trade Expo in Brisbane. “To attract and lock in investments, we are opening up special economic zones that offer ...

The Ihu Special Economic Zone project in Gulf Province's Kikori District is presently in its second phase of development. The second phase of the Ihu SEZ has been funded with a total of K10 million, according to Peter Kengemar, the project director. He stated that for the first five years of phase two development, K20 million from the K100 million a...

After the general election, getting significant resource projects off the ground must be a top priority for the administration, according to an official. Rio Fiocco, head of the Port Moresby Chamber of Commerce and Industry, said these initiatives will bring in foreign cash and help to the country's overall economy. He said that the projects' spinof...

Photo credit: Department of PM&NEC Prime Minister Hon. James Marape has today congratulated the Member for Lae and Minister for Lands and Physical Planning, Hon. John Rosso, on his appointment as the new Deputy Prime Minister of Papua New Guinea. PM Marape said the appointment was made to honour and pay respects to the life and work of Deputy Pr...