Manager Safety, Anna Ila Ok Tedi Mining Limited (OTML) has appointed a national female employee to head its Safety Department. Anna Ila is now the Manager Safety after her appointment on August 27th.  Ms Ila brings to the Company a vast knowledge and experience in safety and occupational health having served as Superintendent in Safety Systems, Comp...

Pacific Towing (PacTow) saved APEC Haus from likely and significant damage after it salvaged an abandoned vessel that had run aground within metres of the landmark building.  The salvage of the ex New Zealand navy patrol boat ‘Hawea’ occurred last Thursday evening during strong winds and a rising tide.  The PacTow salvage team expertly manoeuvred the leak...

Australia’s leading independent law firm, Corrs Chambers Westgarth, has relocated to new premises in Port Moresby, reflecting the firm’s continued growth in Papua New Guinea and its commitment to the region. The office is a significant upgrade from Corrs’ previous Papua New Guinea office and adopts the same design as the firm’s Australian premises.   ...

CEFI, the Centre for Excellence in Financial Inclusion has signed a Memorandum of Understanding with PNGX Markets, the PNG Digital ICT Cluster and Emerging Venture Management (Unkapt), together the proponents of the DEFINE Initiative, to provide for a framework of cooperation and communication.  To achieve the targets of the Sustainable Development Goa...

The Chairman of Capital Insurance Group, Mr. Michael Koisen OBE, announced on the 23rd of September 2021, the appointment of Mr. Jeremy Norton as the Group’s new CEO. Mr. Norton joined CIG as its Group COO in January this year to drive operational excellence and sustainable business growth and has been an invaluable addition to the team. He was appoint...

Following the release of its issue paper on October 1st, the Constitutional and Law Reform Commission (CLRC) will review personal income tax rules. According to CLRC Secretary Dr Mange Matui, the Terms of Reference on the revision of Income Tax Laws in Papua New Guinea focuses primarily on the Personal Income Tax paid by public officials and private se...

According to PNG Power Ltd, more than K700 million in power investment has been committed for the remainder of 2021 and next year, with further projects to be announced. About ten projects will begin under the PNG electrification partnership, according to PNG Power's director of project delivery Eric Alom, who spoke at a PNG Business Council conference...

Despite an increase in export and revenue, gold output in the alluvial mining industry has remained stable for the past 13 years, according to an official. Export income has increased from K100 million to over K600 million yearly in 2019 and 2020, according to Mineral Resource Authority managing director Jerry Garry. However, he stated that manufact...

Kina Securities (KSL) has called off its deal to buy Westpac's Pacific division. Kina and Westpac Banking Corporation have mutually decided to terminate their purchase of Westpac Fiji and Westpac's 89.91 per cent interest in Westpac Bank PNG, which was intended to broaden Kina's market reach. The transaction was subject to numerous regulatory cleara...

According to Investment Promotion Authority (IPA) managing director Clarence Hoot, the total value of the 249 foreign investment proposals in the nation up to last month was about K1.3 billion. He told a business conference that the energy sector had the most proposed investments, totalling K500 million. He stated that the Coronavirus (Covid-19) pandem...

Photo credit: Travel Triangle Domestic tourism should be pushed today, argued Tourist, Arts and Culture Minister Isi Henry Leonard, since the tourism industry is being impacted by the Coronavirus (Covid-19) epidemic. “The Covid-19 has awakened us to realise our full potential,” he said. “The answer is in culture and domestic tourism. We have to r...

According to Tourism Promotion Authority (TPA) chief executive officer Eric Mossman Uvovo, the tourism industry has lost roughly K500 million as a result of the Coronavirus (Covid-19). “PNG recorded an 82 per cent drop – 170,000 fewer arrivals compared to the 200,000 arrivals of international travellers in 2019,” Uvovo told a tourism convention yesterd...

The talks between ExxonMobil and the government on the P'nyang gas project have been hailed as "good" by Prime Minister James Marape. Last month, the two companies signed a letter of intent to commence project talks. “ExxonMobil will be resuscitating conversations on the P’nyang gas fields which is up north from the present PNG LNG. P’nyang will be ...

As part of the American Rescue Plan Act, the US government announced $3.8 million in urgent COVID-19 assistance for PNG through the United States Agency for International Development (USAID). This assistance will assist in accelerating widespread and equitable access to and delivery of safe and effective COVID-19 vaccines, strengthening health systems,...

According to Mayur Industrials chief operating officer Trent Alexander, construction on the Central Cement and Lime (CCL) project will begin in the first half of next year. Mayur Industries is a Mayur Resources Ltd subsidiary. The first phase of the project, a 2 Kiln Quick/Hydrated lime factory, cost around K300 million, according to Alexander. A...

Nine members of the PNG delegation to the Dubai Expo, led by deputy commissioner Jacinta Manua, have already departed the country. They will erect the Papua New Guinea pavilion. “This is an important exercise which will go right throughout the world,” Manua said. “We have been preparing for over a year or so and are now ready for Dubai.” Forei...