Photo: James Marape The Department of Commerce & Industry has finalized the NEC Policy Submission on the Gold Bullion Policy and has submitted it to the NEC for endorsement. The Gold Bullion Policy is an initiative of the Marape-Rosso Government to ensure our non-renewable and renewable resources are properly harnessed to increase revenue streams t...

Photo: Theodist presenters in front of the 'Back to School CRV Promotion vehicle" Theodist Ltd has announced the winner of its Back to School CRV Promotion. Mr Lantan Dawaki was declared the winner on Saturday, 11 March 2023 at the Theodist Car Park Entrance. The promotion, which ran from January to the end of February, was open to customers who spent ...

Coral Sea Hotels & Hospitality is proud to announce the opening of two new ENZO’s Pizza outlets this week in Port Moresby. The two new locations include Downtown, on Champions Parade, and Jacksons’ Airport at the Domestic Terminal Carpark. ENZO’s Pizza Country Development Manager Sudeep Geethanandan said, “At ENZO’s. our vision is to be Papua New G...

Photo: Kedi Ilimbit The Ok Tedi Mining Limited Board of Directors has appointed Kedi Ilimbit as the Acting CEO of the Company at its meeting on Wednesday 08th March. The appointment is in accordance with Mr Ilimbit’ s current position as the Deputy CEO and General Manager Community & Operations Support. The OTML Board acknowledges Mark Thomps...

Photo: NSL CEO and Deputy CEO in a recent radio interview. Credit: NSL Nambawan Super Limited is expecting a negative outcome on its 2022 returns as some of its investments have come under pressure due to the combination of high inflation, supply chain disruption, and the rise in fuel and energy prices. This also includes the introduction of the add...

Photo: Panguna Mine - Credit: Ilya Gridneff/AAP The Department of Mineral and Energy Resources (DoMER) has set its strategic objectives for the next five years, according to Secretary Mr. Peter Kolotein. These are being captured in the Bougainville Integrated Strategic Development Plan (BISDP) 2023-2027 and the DOMER Strategic Plan 2023-2027 to be l...

Photo: The Autonomous Bougainville Government has had a major cabinet reshuffle and appointment of new Ministers. Three Ministers have been decommissioned with three new appointments to replace them and a reshuffle within cabinet saw several Ministers reassigned to new portfolios. President Hon Ishmael Toroama in welcoming the new Ministers and anno...

Photo: PM Marape and Ambassador Qian in Port Moresby Prime Minister Hon. James Marape has reaffirmed Papua New Guinea’s relationship with the People’s Republic of China in the ‘Friends to All; Enemy to None’ diplomatic policy when he welcomed visiting Special Envoy, His Excellency Qian Bo recently (07.03.23) to PNG. Ambassador Qian was appointed by ...

PNGX, Papua New Guinea’s national stock exchange, has today released a proposed new Corporate Governance Code for Listed Issuers for public consultation. PNGX is proposing to introduce a new Corporate Governance Code for the guidance of Boards of listed issuers. The proposed Code contains 17 Standards. Within each of the 17 Standards are a number of...

Santos recently announced the Papua LNG joint venture has launched fully-integrated front-end engineering and design (FEED) for the Papua LNG project in Papua New Guinea. Papua LNG is expected to have liquefaction capacity of up to six million tonnes of LNG per annum with first production expected by the end of 2027 or early 2028. Following pre-FEED...

Photo: Petroleum Minister Hon. Kerenga Kua, PM Marape and TotalEnergies Senior VP Asia Pacific Exploration & Production Julien Pouget at the launching.-PM’s Office Media TotalEnergies, operator of the project, announces the launch of the fully integrated Front-End Engineering and Design (FEED) for the Papua LNG project. Following pre-FEED studie...

Photo: PM Marape being shown around the Gabon SEZ (GSEZ) at Nkok.-Pictures by PM’s Office Media Prime Minister Hon. James Marape says there is so much Papua New Guinea can learn from Gabon in Central Africa about Special Economic Zones (SEZs). An impressed PM Marape said this today after visiting the Gabon SEZ (GSEZ) at Nkok, a multi-sectoral indust...

Photo: PM Marape with France President H.E. Emmanuel Macron in Libreville, Gabon. Prime Minister Hon. James Marape says his bilateral meeting with France President H.E. Emmanuel Macron is very good for relationships between France and Papua New Guinea. He said this after the two leaders met in Libreville, Gabon, on the sidelines of the ‘One Forest S...

Photo: PM Marape meeting with Frans Timmermans, Vice President of the European Commission, on the sidelines of the One Forest Summit in Libreville, Gabon, recently. Prime Minister Hon. James Marape has welcomed a new cooperation project with the European Union on ‘Forest, Climate Change and Biodiversity’ in Papua New Guinea. He welcomed the project ...

Photo credit: International Trade and Investment Ministry of Papua New Guinea Minister for International Trade and Investment, Hon. Richard Maru wants greater partnership between New Britain Palm Oil Limited (NBPOL) and the Government. Minister Maru expressed this sentiment while giving the keynote address at the recent official opening of the new NBOP...

As part of continuously improving service to members, the National Superannuation Fund, Nasfund, recently undertook a review of its values. These values were launched by Nasfund Board Chairwoman Tamzin Wardley on Saturday February 18, 2023. Speaking at the occasion, Chairwoman Wardley encouraged each Nasfund staff to take ownership of each value, an...