Acting Bougainville Chief Tax Collector Aloyis Daton has appealed to the Bougainville Executive Council (BEC) to review the taxation laws in Bougainville as some regulations were harsh and did not contribute to the economic development. Mr Daton said that he had presented the submission on the suggested taxation policies to the Minister for Finance in ...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page Minister for International Trade and Investment, Hon. Richard Maru has highly commended Prime Minister James Marape and the NEC for the very bold and visionary decision to set up a Mission in Thailand amongst the four new missions to be established by the Marape...

Papua New Guinea will observe its Golden Jubilee as an independent nation 5 years from now in the next term of parliament, and since the country gained its independence the election of the Prime Minister was mandated to the members of parliament, who at national elections were elected by their constituencies. That system is likely to change as there wi...

Photo: The PNG Business & Logistics Park provides tenants with the perfect strategic location and operational base for project staging.  Specialising in project cargo, the park and its port is ‘making business easy’ in PNG.  Pictured is one of the tankers that regularly transfer an average of 300,000 litres of fuel into a park tenant’s 5,000,000 litre...

The Investment Promotion Authority (IPA) has assisted a small bee farming business in Simbu Province with bee keeping equipment to help boost its production capacity. Bussy Honey & Integrated Farming is a family business owned by Mr. Mek Degene and his wife Mrs. Matri Degene and located in Ainanimin Village in the Tabare LLG, Simbu Province.  The c...

Photo credit: Investment Promotion Authority  The Investment Promotion Authority (IPA) has signed a Memorandum of Understanding (MOU) with the Eastern Highlands Provincial Administration (EHPA). The MOU paves way for the Eastern Highlands Provincial Administration to deliver IPA services through the Help Desk to be established within the Commerce Di...

The Department of Commerce, Trade and Industry reached another milestone recently when it signed a Memorandum of Understanding (MoU) with the Papua New Guinea (PNG) Tourism and Promotions Authority (TPA). The MOU paves the way forward for both parties to continue bilateral partnership based on the understanding of tourism and promotions in Bougainville...

The PNGEITI Head of Secretariat Mr. Lucas Alkan says all parties to the Pogera Mine must adhere to rules governing the extractive industry, particularly when dealing with fiscal matters that must be administered and observed according to law. His comments follow a news article on The National citing the Internal Revenue Commission (IRC) that unmet tax obl...

Photo: The Warman Slurry Pumping Handbook is the definitive guide for most slurry pumping applications. Weir Minerals, manufacturer of the industry-leading Warman®  slurry pump, has released the latest edition of their coveted Warman® Slurry Pumping Handbook. The 6th edition, compiled by the most trusted name in slurry pumps, features detailed engineer...

Photo credit: PNG LNG The PNG LNG project has generated K16.5 billion for the state over eight years of production (2014-2022). This includes K7.5 billion to Kumul from the state's 19.4% equity, K1.3 billion paid to the Mineral Resources Development Corporation, K0.8 billion in royalty payments, K0.7 billion in development levy payments, and K6.2 billi...

Ok Tedi Mining Limited (OTML) hosted a combined graduation ceremony in Tabubil on 27th January for 25 trainees under its Graduate Development Scheme (GDS) and Preferred Area Development (PAD) programs. A total of 15 trainees from various disciplines of Accounting, Electrical Engineering, Environmental Health, Geology, Human Resource Management, Informa...

Photo credit: PNG Chamber of Mines and Petroleum - Dr Albert Mellam, PhD PNG Chamber of Mines and Petroleum today announced the departure of Dr Albert Mellam, PhD, as the Executive Director of the Chamber, having served in this role for the past 5 years.  Dr Mellam is the first Papua New Guinean and second Director to head this peak industry body in...

Photo credit: PNG Office of the Prime Minister Facebook Page Prime Minister Hon. James Marape announced recently (Wednesday, January 25, 2023) that Papua New Guinea will host the World Indigenous Business Forum (WIBF) in October this year, 2023. The WIBF is a forum where indigenous people from all over the world like the New Zealand Maoris, American...

Photo credit: PNG Office of the Prime Minister Facebook Page Prime Minister Hon. James Marape has welcomed passage of the landmark National Trade Bill 2023 by Parliament. The landmark bill, unanimously passed by Parliament last Thursday (January 19, 2023) after much debate, was introduced by Minister for International Trade and Investment Hon. Richa...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page A full feasibility study on the bilateral trade between Papua New Guinea (PNG) and Australia will commence at the beginning of next month. This was announced by the Minister for International Trade and Investment, Honourable Richard Maru ahead of a PNG Australia...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Facebook Page The team of rice investors from the Republic of the Philippines who arrived on Monday have chosen Gabadi in the Kairuku District of Central Province as the most ideal location for large-scale rice investment in Papua New Guinea (PNG), under the nucleus estate c...