The government has moved to privatize a portion of its state-owned power company, PNG Power Limited, to improve on its services to the people. This was announced by Prime Minister James Marape today at the PNG CORE 2024 Investment Week in Sydney, Australia. Marape told the PNG CORE Investment Week that Cabinet has approved the decision in one of its final meetings this year the partial privatization of the State-owned enterprise to improve its operations and efficiency of power supply to Papua New Guinea (PNG). The partial privatization means the State will continue to maintain its interest in PNG Power…
Author: Emmanuel MAIPE
It’s the festive season, a time for joy, peace and harmony but most importantly for many Christians in Papua New Guinea, it’s the time to celebrate the birth of Jesus Christ, our King and Savior. That’s the festivity message the good Governor for National Capital District Powes Parkop is delivering while spreading the Christmas cheer to all the residents of Port Moresby city. The Governor also has a lineup of activities and programs for city residents to participate and enjoy this festive season, with activities planned for this Sunday. PROGRAM SCHEDULE FOR SUNDAY, 15TH DECEMBER 2024 1. Whitecember Walk • Start…
The New Porgera Limited (NPL) is a step closer to finalising the Community Development Agreement following the recent signing of Long- Term Compensation Agreements (LTCAs) in Porgera, Enga province. NPL announced over the weekend that it has signed the LTCAs with recognized landholder agents for 14 of its 15 tenements that require compensation to be paid, including Special Mining Lease (SML) 13, in compliance with Part VII of the Mining Act 1992. The LTCAs supersede and replace the Consent Compensation Agreements (CCA) signed and registered in November-December 2023, which paved the way for the Porgera Mine to restart on 23rd…
It’s the last month of the year and like every month, the public gets to know about the fuel prices for the month, well for December it will be a mixture of price increases and decreases to be experienced right across the country. The Independent Consumer and Competitions Commission (ICCC) says starting tomorrow, Sunday 8th December, the price for petrol will decrease on average right across Papua New Guinea (PNG), but it won’t be a big decrease, only a 2 toea decrease from last month’s price. However, the prices for diesel and kerosene will increase on average right across the…
The New Porgera Limited (NPL) advised today that it has immediately suspended the employment of the persons of interest identified in the Emergency Orders issued by the State of Emergency (SOE) Controller until all criminal allegations against them have been resolved. NPL took this action in response to Emergency Orders No. 18 dated 1st December 2024 issued by Acting Assistant Commissioner of Police and State of Emergency Controller, Joseph T. Tondop, following the murder of eight people: two women and six men in an unprovoked attack on Suyan village by members of the Pianda tribe. It turned out that in…
The Minister for Housing and Urbanisation is urging tenants of properties belonging to the National Housing Corporation (NHC) to be consistent in paying their rentals, having been given the opportunity to reside in, or even purchase these homes over the years. Minister Kobby Bomareo made this call on the floor of parliament today when he asked leave of parliament to respond in a statement to a question from Gulf Governor Sir Chris Haiveta, which was asked last week Wednesday regarding a NHC public notice published on 4th of November and its effects on tenants residing in NHC properties in certain…
Prime Minister (PM) James Marape has commended the Member of Parliament (MP) for Moresby North-East, John Kaupa, for the progressive work on the 9 Mile Saivara Satellite Township project in Port Moresby city. The satellite township contains over 5, 000 allotments and once completed, land titles will be awarded to long-time residents of Nine Mile. The launching of this millstone project took place last week on Friday, November 29th. The project also holds a K300 million Level 4 hospital, which is a 3-year project; a K10 million police station that is completed; 20 houses to accommodate police personnel which is…
The National Government’s proposal in its 2025 National Budget to reduce the Corporate Tax Rate has been well received by Kina Bank. This is because Kina Bank feels encouraged by the proposal to reduce the Corporate Tax Rate for commercial banks from 45% to 40% commencing 1st January 2025, and from 40% to 35% from 1st January 2026. Kina Bank Managing Director and Chief Executive Officer (CEO), Mr. Greg Pawson, while thanking the Government and Prime Minister James Marape regarding the proposed changes, said: “We are encouraged that the Government is working to revise the increased 45% tax rate that…
Families nationwide will soon pay less for thirteen (13) selected basic food items and products all thanks to the National Government’s exemption of Goods and Services Tax (GST) on these items, which includes rice, tinned fish and chicken. Prime Minister (PM) James Marape announced this, stating that this positive change will come into effect on the 1st of July 2025. Prime Minister Marape said this while detailing the Household Assistance Support Package Government is giving to Papua New Guinean families under the 2025 National Budget. He was speaking in the Moresby North-East electorate, National Capital District, on Friday 29th November…
People who have fled tribal conflicts in the highlands and now residing in Port Moresby city, have been warned to behave themselves or return back to their homes. That is the warning issued by Prime Minister James Marape when speaking at the recent opening of a new police station at 9 Mile. While commenting on Moresby North- East Member of Parliament (MP) John Kaupa for the initiative to build the new police station, he also strongly warned people who escaped from tribal fights and are coming into the city, to respect each other and live in harmony with the city…