Photo: Simon Sia and PNG SME Corp Delegates As the Government has placed more emphasis on Micro, Small & Medium Enterprises (MSMEs) and Small & Medium-Sized Enterprises in the country, Eastern Highlands Province launched its SME policy over the festive period. Governor for Eastern Highlands Simon Sia and delegates from the PNG SME corporatio...

Photo: Barrick CEO and President Mark Bristow addressing PJV Town Hall meeting at Porgera Mine site during a quaterly visit in 2022 Barrick Niugini Limited (BNL) has clarified in a media statement that the Porgera Mine remains and is progressing in a care and maintenance mode of operation and that the current defined rehiring process of the skilled wor...

Many of Papua New Guinea’s most unruly problems are inseparably tied up with the country’s most promising sources of wealth. Mining, gas, timber, and other extractive industries are the most productive sectors of Papua New Guinea’s otherwise ailing economy. But exploitation of these resources has also led to violence, corruption, and lack of service deliv...

Small and medium-sized enterprises (SMEs) can be a force to reckon with in Papua New Guinea if the funds parked in the two banks, National Development Bank (NDB) Ltd and Bank South Pacific (BSP) Financial Group Ltd, by the Government are fully fulfilling the vision of the Government by reaching the wider population and are in line with the goals outlined ...

A review into the Superannuation and Life Insurance industry has been compiled and recommendations have been presented to the regulator, The Bank of Papua New Guinea. It is a step towards making the necessary amendments towards Superannuation and Life Insurance legislations passed by Parliament more than two decades ago. The Superannuation and Life ...

Photo credit: Department of Foreign Affairs and Trade The Australian Government have been vibrant in providing economic and employment opportunities for locals in the Autonomous Region of Bougainville through its Papua New Guinea-Australia Transport Sector Support Program (TSSP) and their Community Work Arrangements for the past three years. Support...

First elected member for the Newly created electorate Hiri Koiari in the Central Province, Keith Iduhu launched the District's Five Year Development plan recently at the Apec Haus. Government Representatives and distinguished guests led by the Prime Minister were present to attend the launching ceremony. Mr Iduhu stated in his speech that he had promis...

The Government will be advertising the position of Chief Executive Officer (CEO) for the Special Economic Zones Authority in the new year, 2023. Minister for Trade and International Relations Richard Maru announced this last week. Minister Maru said the position will be advertised globally as the government wants the best to develop the Special Economi...

Minister for International Trade and Investment, Hon Richard Maru led a team of experts from the Japan Development Institute (JDI) as well as local consultants on a tour to visit East Sepik Province especially on all proposed agricultural hubs on Friday last week. The team of experts were given a helicopter tour of the province starting at Wewak, over ...

Photo: Ilimo Dairy Farm. Credit: LR Group There is a need to build two more dairy farms in the country since Papua New Guinea is still importing around K300 million worth of milk products into the country. Minister for International Trade Relations and Investment, Richard Maru said this when emphasizing on the need to bring in more investors into the c...

Photo credit: NEA The National Energy Authority (NEA) will soon establish a new office complex following their groundbreaking ceremony in Port Moresby last Friday. The new office complex will be built at the cost of K150 million through a partnership between the National Energy Authority and the Australia New Guinea Services. Present to officiate th...

Photo credit: RNZ Prime Minister Hon. James Marape has launched his government’s policy on coffee which includes a target of 2,500 trees per family that aims to return interest to one of Papua New Guinea’s leading commodities that once was the highest agriculture revenue earner in the country. The Prime Minister announced this in Banz, Jiwaka Provin...

Photo credit: Malum Nalu Oil Palm Industry Corporation is embarking on building and developing a 60,000 Oil Palm Seedling Nursery at Erap in the Markham Valley of the Morobe Province to supply seedlings to local smallholder growers in the Markham Valley and Ramu Valley. General Secretary for OPIC, Mr Kepson Pupita recently was at the Department of A...

Opposition Leader Joseph Lelang stated that the 2023 Budget has not done enough to cover the Papua New Guinea economy against unfavorable global developments. Mr Lelang said the opposition sees that much of these adverse external developments since 2019 has contributed to shortages in foreign exchange, forced businesses to fold or streamline their oper...

The connect PNG program implemented by the government is said to be rejected by the people of Central Province. Governor for Central Province, Rufina Peter announced the issue and raised this concern in parliament last week. Governor Peter said the road project is essential but will have consequences faced by Central Province Communities such as land grab...

Photo credit: Papua New Guinea Forest Authority The Papua New Guinea Forest Authority (PNGFA) has increased their budget for the remainder the year to remove the economic barriers that have been preventing them from generating revenue. PNGFA Managing Director John Mosoro said the budget that is proposed is well over what they have received before. "...