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).
Papua New Guinea
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,
PNG economy forecast to pass K110 billion in 2022
The PNG economy is estimated to go pass a K110 billion (US$31 billion) in 2022. Prime Minister James Marape speaking at the 2022 PNG Update hosted by the University of PNG in Partnership with the Australia National
Corruption, a major impediment to PNG businesses
Corruption in the systems of government has continued to be a major impediment to businesses, the Small Medium Enterprises, new investors as well as existing companies operating in Papua New Guinea. The director of the
PNG Court orders Govt premises unlocked
The Mexican standoff over the closure of PNG government offices due to nonpayment of rentals has ended. The National Court last Friday ordered landlord Nambawan Supa Limited to remove all locks to Vulupindi Haus,
Concerns raised over log exports to Malaysia
Nearly 70 percent of Papua New Guinea round log exports between 2019 and 2021 were concentrated in the hands of just ten groups of companies, all with strong links to Malaysia, according to new research by Act Now! and
‘PNG’s Leading Business & Logistics Park’
Papua New Guinea is not known for its ease of doing business, especially for new market entrants. However, the PNG Business and Logistics Park, strategically located in the growth corridor between the Port Moresby CBD
PNG Govt kicked out of premises
Papua New Guinea Prime Minister James Marape’s whirlwind four-nation tour did not end with the best homecoming he expected. He arrived home Wednesday to be greeted with news that his ministry, National Planning
PNG Chief Justice steps down from official duties
Papua New Guinea Justice Minister and Attorney, General Pila Niningi has announced that PNG Chief Justice Sir Gibbs Salika has stepped down from official duties for an indefinite period, as of Wednesday October 5,
State debt is K51billion, says BPNG
Papua New Guinea’s total debt at the end of June was K51billion (US$14 billion), which is expected to increase to K54 billion (US$15 billion) by the end of the year, according to the Bank of PNG. The K54 billion
Probe on PNG election officials
Papua New Guinea Police are investigating the conduct of some election managers and returning officers for election-related offences during the 2022 PNG General Election, says Director of Crimes Joel Simatab. Simatab
PNG Govt in talks with global credit agencies
Papua New Guinea’s Government is in talks with the global credit rating agencies, S&P Global and Moodys in an effort to lower the country’s credit rating. Minister for Treasury Ian Ling-Stuckey said PNG has
PNG win Melanesia Cup
PNG came out on top of the MSG Prime Ministers Cup 2022. The tournament, previously known as the Melanesia Cup and reborn this year, was held in Vanuatu and finished in an exciting final on Friday, September 30. To make
Look north to PNG, Fiji urged
The Papua New Guinea economy is expected to “double in size in the next 10 years” says ANZ Pacific Economist, Dr Kishti Sen. And that is a huge opportunity for Fiji and other Pacific Island economies. While Dr Sen
Over 70 seats disputed in PNG Election
A massive 74 out of 118 seats that were contested in the Papua New Guinea 2022 General Election (NGE) have been disputed and are now before the National Court to determine the results. This is the second highest number
Santos gets US$1.1billion offer for five percent stake in PNG LNG
Santos Ltd has received a US$1.1 billion binding offer from Papua New Guinea’s state-owned Kumul Petroleum for a five stake in PNG liquefied natural gas (PNG LNG) project, the country’s biggest resources
PNG leaders to declare business transactions
Papua New Guinea Ombudsman Commission (OC) has reviewed its annual statement forms, meaning that a total of 452 leaders will now have to declare all their business transactions. PNG Chief Ombudsman Richard Pagen
Matches at home to boost PNG rugby league bid
Papua New Guinea National Rugby League (NRL) Bid 2025 chief executive Andrew Hill says more SP Hunters home games at the National Football Stadium will help the country’s cause. He said after the Hunters’ 30-28
PNG Health sector faces ‘serious shortfall in manpower’: Kapavore
Papua New Guinea Shadow Minister for Health and Public Service, Elias Kapavore has supported comments made by the Health Minister Dr Lino Tom and Health Secretary Dr Liko, to review and repeal the recent amendment to
