The third EU-PNG business, trade and investment Conference is a demonstration of the European Union’s commitment to strengthen business, trade and investment ties between PNG, member states of the EU-Pacific Economic Partnership Agreement (EPA) and the Asia, Pacific region as a whole. This year’s edition attracted more than 700 participants from both the ...

Photo credit: PNG Chamber of Mines and Petroleum The 16th PNG Mining and Petroleum Conference, to be held in Sydney in December, looks set to be sold out in the next 3 weeks with over half of the 1300 seats already snapped up with over a month to go until the Conference, amid a wave of interest from international investors,  said PNG Chamber of Mines a...

The New Porgera Limited now stands as the guiding platform to ensure proper governance and transparency of the operations of the mine, once reopened, will be unlike before. New Porgera Limited chairlady Nellie James said the incorporation of New Porgera Limited will be for Porgera Mine as the previous unincorporated venture running of operations and sa...

For the duration of 2023, the agriculture sector's planned operations would require a budgetary expenditure of K1 billion. Dr. Nelson Simbiken, acting secretary for the Department of Agriculture and Livestock, stated that the government must provide between K500 million and K1 billion to the sector if K1 billion is not possible. Nine commodity secto...

Photo credit: United Nations The likelihood that Papua New Guinea won't achieve its 2030 Sustainable Development Goals Agenda is increased by figures indicating a drop in world food production. Bir Mandal, the country representative and head of the office for the Food Agriculture Organization (FAO), noted that in only two years, the number of people...

According to Prime Minister James Marape, commercial agriculture, fisheries, and forestry will be used to strengthen the rural economy of the nation. Marape stated that a strong agricultural foundation was a goal of the government. “Growing the rural economy through agriculture presents many opportunities,” he said. “We must explore commercial ag...

Photo: James Marape Papua New Guinea will have the financial room it needs to support the country's growth with a K200 billion economy. Prime Minister James Marape said that since his election as Prime Minister in 2019, he had held firm on his view that PNG had the potential to transform the nation into a K200 billion economy. “This requires that...

Blue Water Shipping is proud to announce the Kumul Service - a new regular liner service between North Asia and Papua New Guinea (PNG). The service will be an extension to the current Blue Water Shipping liner service through to Lihir, PNG, and will now offer customers a further solution into Lae. Steven Lofaro, Regional Director, Energy, Ports and Pro...

Photo: Alan Preston - Trukai Industries Limited CEO Trukai Industries Limited has recently been recertified for meeting a global standard for Occupational Health and Safety Management Systems under the ISO 54001:2018 standard. Trukai Industries CEO Alan Preston says Trukai is committed to maintaining the highest safety standards with an aim of achie...

Photo credit: Department of Prime Minister & National Executive Council Prime Minister Hon. James Marape has given the green lights to Japanese think tank Japan Development Institute (JDI) to start work on developing a new Special Economic Zone (SEZ) Master Plan for Papua New Guinea. He gave the blessing following a meeting with JDI CEO and Chai...

Photo credit: State Enterprises Minister William Duma (Centre in white pants) and his delegation pose for a photo with members of the OTML senior management team at the Ok Tedi mine. Ok Tedi Mining Limited (OTML) recently hosted the Minister for State Enterprises Honourable William Duma during a site visit to the mine on October 20. Minister Duma wa...

“The Prime Minister and Hon. James Marape’s opening address at the 11th Parliament session on “Restructuring Governance and Real Development Outcomes” was well received by the market,” said BSP Group General Manager for Corporate Banking, Peter Beswick. According to Beswick, “The message of the Prime Minister was well received. With its key focus on su...

Photo credit: Newcrest Prime Minister Hon. James Marape wants maximum benefits to be paid to landowners and their provincial governments from the resource projects around the country. The Prime Minister said this today during a meeting with Morobe Governor Hon. Luther Wenge MP, the Mineral Resources Authority, representatives from Morobe Provincial ...

Photo: Tokyo meeting last month Prime Minister Hon. James Marape has welcomed Japanese think tank Japan Development Institute (JDI) into Papua New Guinea to help develop a new Special Economic Zone (SEZ) Master Plan for the country and work with partners like the Asian Development Bank (ADB), Japan International Cooperation Agency (JICA) and the World ...

The Grand Papua Hotel in Port Moresby is a proud winner of The Luxury Hotel Awards 2022. The Luxury Hotel Awards recognizes and celebrates the hotel industry worldwide, with votes cast by travellers, guests, and industry players. It is the third year the Grand Papua Hotel has entered the Luxury Hotel Awards and we are proud to have been awarded the fol...

Institute of National Affairs Executive Director Paul Barker stated that corruption is a certainty of life, but it has a massive cost in business, the economy and wider society, He said this during the closing of the third EU-PNG Business, Trade and Investment conference in Port Moresby. Mr. Barker said the perception of corruption in PNG is not a good...