BPNG to discontinue private sector cheques in December
The Bank of PNG will discontinue the use of private sector cheques by 31 December 2023. The National Payments Council (NPC), chaired by the acting Governor of the Bank of Papua New Guinea (BPNG), has announced that
Four dead, 17 injured in PNG earthquake
A 7.0-magnitude earthquake which hit East Sepik’s Chambri Lakes at around 4am Monday reportedly killed four people, injured 17 and destroyed more than 300 homes, according to Papua New Guinea police. Provincial police
PNG assesses damage after powerful earthquake
Disaster relief workers in Papua New Guinea were assessing the extent of damage in a remote region Monday following a powerful magnitude 7.0 earthquake. Some buildings and homes were destroyed near the quake’s
Barrick finalises deal to restart PNG gold mine
Barrick Gold Corp is set to restart operations at one of its biggest gold mines after inking a deal with Papua New Guinea’s government over its shuttered mine in the southwest Pacific island nation. The world’s
BSP ‘has standing’ in tax case in PNG
The Papua New Guinea Supreme Court has ruled that the Bank South Pacific Financial Group Limited (BSP) has standing to pursue a case challenging the constitutionality of the “additional company tax”. A five-man
World Bank opens new regional office in FSM
The World Bank has officially opened a permanent office in Pohnpei in the Federated States of Micronesia, following several years of an expanding presence and portfolio across the North Pacific. The new regional hub
PNG drugs suspects remanded
A Lae district court in Papua New Guinea has rejected bail for an expatriate and six Papua New Guineans implicated in the K35 million (US$9.9 million) methamphetamine bust in Lae last Tuesday. All seven, appearing from
Fisheries, health and an embassy for Vanuatu feature in U.S.-Pacific talks
The White House says a high-level U.S. delegation visit to Pacific Island nations this month was a demonstration of its commitment towards a free, open and resilient Indo-Pacific. The visits came amid concerns over
PNG Communication Minister Masiu denies ‘control of media’
Papua New Guinea’s Communication Minister Timothy Masiu has hit back at reports termed as inaccurate over the control of media in Papua New Guinea from his ministerial statement in Parliament. Masiu said it was
Correspondent bank danger persists
The loss of correspondent banking services, limited financial inclusion, a potential increase in non-performing loans and difficulty accessing credit are amongst the challenges the financial sector in the Pacific
PNG’s Wigmen named Melanesian Cup champs
Even winning the Digicel-ExxonMobil Cup twice in the season 2014 and 2020, the reigning champions Hela Wigmen described this year as ‘special’ for having the feel and taste of playing outside the country, actually
Sprigga Mek soars with conscious rap
Conscious songwriter, indigenous activist, Pacific hip-hop artist, Sprigga Mek (Allan Aufamau), recently saw his work reach a global audience when his music video ‘Dodge the Bullet’ featured at the Mother Tongue
Eight suspects arrested over PNG meth flight
A Papua New Guinea police officer, a Defence Force soldier from Igam Barracks, and a second Chinese national are among seven more men arrested in Lae over the weekend and are being questioned in relation to the
K2.3billion financial sector crucial: PNG Treasurer
The banking and financial sector accounts for K2.3 billion (US$653 million) of the national economy, according to Papua New Guinea Treasurer Ian Ling-Stuckey. Ling-Stuckey discussed the banking tax and the economy with
‘PNG Grows Oil Spill Response Capacity’
The National Maritime Safety Authority (NMSA) of Papua New Guinea has further improved the country’s oil spill response capabilities. February saw senior representatives from key maritime stakeholders attend
PNG media under threat
Over his nearly four-year tenure as Papua New Guinea’s Prime Minister, James Marape has continued to trumpet his slogan – “Take Back PNG”. The trademark phrase, which has similar connotations to former U.S
PNG Government to pursue Solwara 1 talks
Papua New Guinea Mining Minister Sir Ano Pala says the Government expects to pursue discussions with a deep sea mining company to revisit the potential for extracting minerals in the Bismark Sea off the west coast of
Five charged over PNG meth flight
Five alleged criminal syndicate members accused of orchestrating a black flight from Papua New Guinea to Australia with 52kg of methamphetamine on board have been charged under an AFP-led investigation. Four of the five
PNG’s Investment Promotion Authority to deregister firms
Papua New Guinea Investment Promotion Authority (IPA) expects the number of companies listed in its system to drop, due to its cleansing exercise, an official says. Managing director Clarence Hoot said those companies
K20million less in PNG Superannuation Fund dividends
Papua New Guinea National Superannuation Fund (Nasfund)’s dividend payout for this year is likely to be more than K20 million (US$5.6 million) lower, acting chief executive officer Rajeev Sharma says. “Our 2023
Fraudulent cases against PNG MPs gathering dust
Three men sat there, few computers, a single printer sitting idle at the entrance, no telephones, papers piled up, and folders everywhere one would guess none have been reopened or attempted to be read fraudulent case
Boxing greats to face off in PNG
A potential box-off between two former boxing greats in Papua New Guinea is being touted as a ‘Las Vegas night‘ in the Pacific, but some are already deriding the event before the two men have even signed the
PNG Lewas crowned Pacific cricket champions
The PNG Lewas Women’s team have been crowned champions of the inaugural Pacific Islands Cricket Challenge 2023. PNG beat Vanuatu by 100 runs to 32 in the grand final in Suva Fiji, co-hosted by Cricket Fiji and the
