French President to visit Melanesian nations
In an unprecedented tour, French President Emmanuel Macron will travel to Vanuatu and Papua New Guinea next week, after holding discussions in New Caledonia on the political future of the French Pacific dependency. The
Bougainvilleans urged to evacuate after eruption at Mt Bagana
The government in Papua New Guinea’s autonomous Bougainville (ABG) region has issued a stage three alert seven days after Mt Bagana began a mild eruption. The government said on Monday there has been a significant
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
PNG NRL bid can wait, Build pathways first: Melbourne Storm centre Olam
Papua New Guinea should focus on developing young talent instead of bidding to be the 18th National Rugby League (NRL) franchise, says Melbourne Storm centre Justin Olam. While Olam was excited about the possibility of
UPNG officers suspended, Interim Council probing cash for grades claims
Two officers of the University of PNG’s information and communication technology department have been suspended while investigation into cash-for-grades allegations are conducted, according to chancellor Robert Igara.
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
Devaluation plan unfounded: Bank of PNG
The Bank of Papua New Guinea has poured cold water on speculation about a Kina devaluation, with acting governor Elizabeth Genia calling it unfounded. “There has been a lot of speculation recently on a devaluation of
Indonesia President Joko’s Papua visit sparks fresh hope in hostage saga of NZ pilot
Indonesia’s President Joko Widodo will visit the far-eastern province of Papua this week after flagging his government is working to secure the release of a New Zealand pilot detained for five months. Philip Mark
Australian diplomats convinced ICAC to censor Pacific nations where Maguire schemed. It didn’t work.
Federal Australian officials successfully persuaded the NSW corruption watchdog to “de-identify” a group of Pacific countries mentioned in last week’s report on Gladys Berejiklian’s and Daryl Maguire’s
PNG Kina overvalued
Papua New Guinea foreign exchange (FX) shortages have repeatedly been identified by business leaders in PNG as the most serious impediment to private sector development in the country, according to the International
Port Moresby suppresses West Papua flag raising ahead of Indonesian president’s visit
Authorities in Papua New Guinea have clamped down on displays of the West Papuan independence flag ahead of the Indonesian president’s visit to the Pacific island country this week. Papua New Guinea, which has a
PNG Trade Minister Maru wants Trukai sale probed
The Papua New Guinea Government has directed the Securities Commission of PNG to investigate the sale to an Australian company of a substantial local shareholding in Trukai Industries. International Trade and Investment
Masiu: Free media must always be the pinnacle of democracy
Papua New Guinea Minister for Communication & Information Technology, Timothy Masiu, has again assured that the anticipated PNG Media Development Policy is not meant to ban or regulate media. His latest comments
Gradual devaluation of kina ‘better’: PNG Chamber of Commerce
A gradual devaluation of the kina will be easier to absorb rather than a sudden one, PNG business houses have told Government. The business houses acknowledged the analysis and recommendations by policy advisers that
PNG Stock Exchange adopts corporate governance code
The National Stock Exchange of PNG (PNGX) has adopted a new Corporate Governance code developed with characteristics of the PNG market in mind. Chairman David Lawrence said this initiative aimed to provide to the boards
PNG logger fined K140million by Internal Revenue Commission
A major logging operator in Papua New Guinea has been charged a whopping K140 million (US$39 million) for tax evasion, Internal Revenue Commission (IRC) boss Sam Koim announced Monday. Koim said IRC has imposed a
Community building as state building in a Port Moresby suburb
Where do you start to build a state? We often imagine top-down processes of constitution writing and elaborate institutional frameworks of national governance. But what if we move beyond narrow institutionalist
Lethal force to be used by PNG Police
Papua New Guinea police will be able to use lethal force to deal with crimes that come under Domestic Terrorism through the amendments to the Criminal Code Act. Police Commissioner David Manning said this as the
‘PacTow Seafarers Contributing to PNG & Beyond’
Home grown company Pacific Towing (PacTow), is not only the marine services market leader in Papua New Guinea but also broader Melanesia. For nearly 50 years PacTow has been contributing to the shipping industry,
PNG payroll blowout
The Papua New Guinea Special Parliamentary Committee on Public Sector Reform and Service Delivery is concerned about what the country gets in return for employing 132,898 public servants. Committee chairman Gary Juffa
PNG National Fisheries Authority clarifies tuna supply issues
Papua New Guinea’s National Fisheries Authority (NFA) says tuna supply issues facing the processors in Lae have nothing to do with the lack of fish stocks in the waters. It added that the issues resulted from supply
