PNG population outgrows job market: Barker
Papua New Guinea’s population has outgrown the number of jobs in the formal employment space, according to the country’s Institute of National Affairs (INA) executive director, Paul Barker. Barker said the
Papua New Guinea
PNG Govt announces inquiry into elections
The Papua New Guinea government has announced an in-house inquiry into the conduct of the 2022 National General Elections. This will be spearheaded by the PNG Special Parliamentary Committee on the 2022 General
PNG’s Kina Bank K30m venture faces tax threat
Kina Bank’s plan of a K30 million (US$8.5 million) investments to extend operations across Papua New Guinea is now threatened by the 50 percent tax on commercial banks in the country. Kina Bank chief executive
Superfunds to host investment forum in PNG
Nasfund and Nambawan Super will be co-hosting the Pacific Island Investment Forum on behalf of the PNG Superannuation Industry in Port Moresby from 27-31 March, 2023. The Pacific Islands Investment Forum (PIIF) is an
PNG a ‘highly corrupt country’, report shows
Papua New Guinea has maintained its place as a highly corrupt country on the 2022 Corruption Perceptions Report, this time dropping one point down to a low 30 out of 180 countries. Apart from this one-point drop, PNG
Census to give accurate population figure in PNG
Papua New Guinea’s National Statistics Office (NSO) is expected to provide the accurate population of the country by 2025, with the national census starting this year, says acting National Statistician John
Genia is Bank of PNG’s new acting governor
The Government of PNG has appointed Elizabeth Genia as new acting Governor for the Bank of Papua New Guinea. Treasurer Ian Ling-Stuckey said Genia has nearly four decades of experience working in PNG’s Central Bank
PNG MP condemns arrest of West Papua governor
Papua New Guinea’s Vanimo-Green River MP Belden Namah has condemned the manner in which West Papua Governor Lucas Enembe was arrested and detained by the Indonesian government. Namah, whose electorate borders the
PNG building becomes first in Pacific to achieve EDGE certification
A landmark building in Papua New Guinea’s capital has undergone an environmentally-friendly retrofit that has seen the property become the first real estate project in the South Pacific to be accredited under one of
PNG: Election of Governor-General will be held today
Papua New Guinea’s election of a new Governor-General will be held in Parliament today, with three candidates including a woman in the running. They are the incumbent Sir Bob Dadae, lawyer Stephen Pokawin and
PNG MP lauds Australia commitment
Minister for International Trade and Investment, Richard Maru has welcomed the Australian Government’s commitment to work with Papua New Guinea on the development of Special Economic Zones (SEZs). Maru in his meeting
No domestic flights in PNG today
Air Niugini has cancelled domestic flights indefinitely, citing the suspension of fuel supply by Puma Energy within Papua New Guinea. Hundreds of holiday-makers who travelled to other provinces during the Christmas
Race for PNG head of state
Papua New Guinea is on the cusp of voting in their first female Governor General (GG) after nominations for the post lapsed on Tuesday afternoon. In the running are only three familiar names. Former PNG High
‘PNG Prepared for Oil Spill Disaster’
Papua New Guinea is better equipped to respond to a major maritime incident resulting in a significant oil spill following a national oil spill response exercise in Port Moresby’s Fairfax Harbour. PNG’s
PNG targets K200 billion economy by 2032
Prime Minister James Marape says Papua New Guinea has been working on five major projects in the last three years to reach a K200 billion (US$56.8 billion) economy. “The projects are the Papua LNG, Pogera Gold Mine,
PNG 2023 budget passed unanimously
Papua New Guinea’s 2023 National Budget presented by the Minister for Treasury Ian Ling-Stuckey was finally passed by the Parliament very late on Friday afternoon with an absolute majority of 86 votes – Nil
Commercial banks in PNG oppose new increase in tax
Two major commercial banks in Papua New Guinea have opposed the 45 percent tax on the banking sector to come into effect next year. BSP Financial Group Limited chief executive officer, Robin Fleming said as BSP
PNG Govt pass US$6.8 billion budget
Another year, another record deficit budget for Papua New Guinea. On Tuesday, Treasurer Ian Ling-Stuckey presented his long awaited 2023 money plan to Parliament – with a price tag of K24 billion (US$6.8 billion).
PNG Parliament to consider use of three main languages
The National Parliament will consider allowing the translation of parliamentary proceedings, Assistant Speaker Agena Gamai said. Gamai said in response to questions without notice from Morobe Governor Luther Wenge to
Bi-partisan Parliament committee to better PNG electoral process
Papua New Guinea Prime Minister James Marape wants a bi-partisan parliamentary committee to work immediately on a submission to go before cabinet next year 2023, on how to improve the country’s electoral process. With
PNG wins majority stake in Barrick-Zijin gold mine
Barrick Gold Corp has reached a deal that gives the Papua New Guinea government a majority share in the Porgera gold mine as part of plans to restart operations, the company said on Friday. The deal will set a benchmark
‘English Channel Swim for Cheshire Disability Services’
An open ocean swim between England and France is the latest fundraising activity being planned for Cheshire Disability Services, the leading charity for people living with disabilities in PNG. The swim is being
Australian pilot sentenced to 18 years in PNG
An Australian pilot linked to the biggest drug bust in Papua New Guinea has been convicted and jailed for 18 years. The Waigani National Court on Friday sentenced David John Cutmore, 57, of Williams Landing, Queensland,