Nautilus to return to PNG
Papua New Guinea Mining Minister Sir Ano Pala told Parliament Nautilus was coming back to Papua New Guinea but under a different entity to operate as they had three exploration licenses still valid. Sir Ano said the
Economy
Fiji government launches ‘Citizen’s budget’
Orgs call for action on price gouging Fiji’s Deputy Prime Minister and Minister for Finance, Professor Biman Prasad, says the new budget has been meticulously constructed to lay the groundwork for long-term progress.
Survey reveals F$2.09 billion in Fiji tourism earnings in 2022
Fiji’s tourism industry earned a total of $FJ2.09 billion (US$1.045 billion) between April and December last year, according to new survey results released this week. The Fiji 2022 Annual International Visitor Survey
Guam census: One in five live below poverty line
About one in five people surveyed in the 2020 Island Area Census of Guam were living below the poverty line, according to newly released data from the U.S. Census Bureau. Of the 145,453 people for whom poverty status
China-backed AIIB secures World Bank deal
The Asian Infrastructure Investment Bank, Beijing’s answer to the World Bank, has approved one of its highest-profile international partnerships, just weeks after it was accused of being infiltrated by China’s
Porgera gold mine reopening date set
Barrick Gold Corporation and the Papua New Guinea Government expect the Porgera gold mine to reopen in September, according to Barrick chief executive officer Mark Bristow. Bristow met with Prime Minister James Marape
PNG Cannery may generate K1.2 billion
Papua New Guinea Government and corporate partner RD Corporation will start talks on a fish cannery which is expected to generate about K1.2 billion (US$335 million) in annual revenue, says Prime Minister James Marape.
Thriving stock exchange eyed in PNG
Companies are not currently obliged to list on the Papua New Guinea stock exchange (PNGX), but a thriving stock exchange in the country can act as a catalyst for broader economic growth, says chairman David Lawrence. On
Too little to avert crisis, Puma Energy received US$12.7 million of foreign exchange in PNG
Puma Energy received about US$12.7 million (about K45.8 million) of foreign exchange (FX) on Friday, but this is still not enough to buy fuel needed to address the looming shortage in Papua New Guinea, the company’s
Fiji Budget Debate: TELs change ‘selling out’ students
Fiji opposition parliamentarian, Parveen Bala says the government’s new scholarship system is “selling out of the principle of equal access to higher education, just to keep a badly thought-out election
PNG PM Marape targets Asian investors
Papua New Guinea Prime Minister James Marape believes that Papua New Guinea is an appealing investment destination for Asian investors – something he plans to stress during a conference in Hong Kong in October. Marape
