Hon. Yoshihide Suga, Japan's Prime Minister, has stated that his country will support Papua New Guinea's electricity initiative, supply road building equipment, and assist with a 30-billion-yen (K1 billion) emergency loan. During a virtual online bilateral summit between the two leaders, he offered this promise. “As part of our cooperation, we will ...

Image: By Kate Uvia PNG Power Ltd needs reforms, according to Kumul Consolidated Holdings (KCH) chairman David Kavanamur, but they must be inclusive. “We are aware of the challenges the energy sector is facing over the last 20 years. “We must see a transformation within the current organisation that creates value and promotes recapitalisation,” h...

Photo Credit: Paga Hill Estate According to the Pacific Horticultural and Agricultural Market Access Plus Programme, the country's cocoa sector is poised to enhance its standing in international markets, due to recent investment aimed at decreasing smoke taint and increasing cocoa quality (Phama Plus). The PNG Cocoa Board is collaborating with Phama...

Photo Credit: Post Courier  Since 2014, the Civil Aviation Development Investment Program (CADIP), which is conducted by the National Airports Corporation, has been giving the Vanimo airport in West Sepik Province a substantial facelift. Aside from the continuing new infrastructure projects at the airport, the construction of a new terminal building...

Photo Credit: Loop PNG Due to the ongoing power outages in the nation's capital, National Capital District Governor Powes Parkop has proposed offloading some assets to private sector organizations in order to provide continuous, dependable, and cheap electricity. He claimed he met with William Duma, the Minister for State-Owned Enterprises, to discu...

Weir Minerals, global leader in the provision of mill circuit technology, dewatering solutions and services, has launched the new Multiflo® MudfloTM hydraulic submersible slurry pump. Engineered for abrasive applications and large particle handling, the Multiflo® MudfloTM pump features a hydraulically driven wet-end specifically designed to efficiently an...

Freeport Resources Inc. is pleased to announce that it has signed a definitive share purchase agreement, dated effective June 25, 2021, with Carpo Resources Inc. (“Carpo”), and each of the shareholders of Carpo (collectively, the “Vendors”), pursuant to which the Company proposes to acquire all of the outstanding share capital of Carpo from the Vendors (t...

Chairman Sir Rabbie Namaliu of Kina Asset Management Ltd (KAML) said the company has halted its investment program in Australia until the impact on economic conditions is better understood. He informed the annual general meeting that Australia's reaction to the Covid-19 epidemic had been one of the most stringent in the world, involving international a...

According to Australian High Commissioner Jon Philp, Australia aims to provide high-quality infrastructure for PNG, generate employment, and upskill locals. His administration recently announced that it will invest K1.1 billion (US$300 million) to improve and repair all marine facilities owned and maintained by PNG Ports. In Port Moresby, Philp sign...

Inadequate extension services have been identified as a cause of low coffee output in the country, according to a study. Prof Eugene Ezebilo, the National Research Institute's deputy director for research, authored a paper titled Strategic initiatives to boost the competitiveness of coffee production in Papua New Guinea” It gives you some ideas for how...

After the National Government authorized the transfer, the Autonomous Bougainville Government received K30 million in tax proceeds from the Internal Revenue Commission today. President Ishmael Toroama, members of his government, and the Bougainville Public Service received the award from IRC Commissioner-General Sam Koim. The K30 million comes from ...

The Internal Revenue Commision (IRC) and the government of East New Britain (ENB) have formed a partnership to work together on tax collection in the province. IRC commissioner-general Sam Koim and ENB administrator Wilson Matava signed a memorandum of agreement in Kokopo. ENB ranked third in terms of tax collection, but Matava and Koim believe ther...

Prime Minister James Marape has stated that the Wafi-Golpu mine project's long-term development forum will begin next month. He made the statement during a visit to Bulolo's Mumeng local government to inaugurate a number of initiatives. “The Wafi-Golpu development forum will be staged next month,” Marape said. “If there is anyone with issues rega...

Prime Minister Hon. James Marape has pointed Papua New Guinea small to medium enterprises (SMEs) to agriculture as a space that they can move into. He said this when addressing the 3rd SME Business Breakfast at APEC Haus in Port Moresby on Friday (June 5th 2021) which also marked the end of SME Week. PM Marape said agriculture could supply domestic ...

Small and medium businesses (SMEs) have a significant role in economic growth, according to Prime Minister Hon. James Marape. When addressing the 3rd SME Business Breakfast on Friday (June 25, 2021) to commemorate the end of SME Week, he also praised local SMEs for hosting PNG SME Week at APEC Haus in Port Moresby from June 21 to 25. “Thank you (SME...

PNG Power Limited’s Managing Director has been replaced with an Officer in Charge as the power utility continues to face operational challenges. This included a prolonged 16 hours of power outage last week Friday in Port Moresby that saw many business houses resort to generators to keep doors open to customers and deliver services. Earlier that day,...