The Vatican announced the passing of Pope Francis at the age of 88 on Easter Monday 21st April, announcing that the head of the Roman Catholic Church “returned to the house of the Father” at his residence, Casa Santa Marta. Following his passing, Prime Minister James Marape on behalf of the Government and people of Papua New Guinea (PNG), passed his deepest condolences to the global Catholic community and the Holy See on the passing of His Holiness Pope Francis. The death of Pope Francis is not only a loss to the Catholic faithful but to all humanity. He said…
Author: Emmanuel MAIPE
In its efforts to promote financial education to Papua New Guineans, the Center for Excellence in Financial Inclusion (CEFI) recently signed a Memorandum of Understanding (MoU) with the Western Pacific University (WPU) to further this effort at the tertiary level. CEFI and the WPU signed this landmark MoU to jointly promote entrepreneurship, fintech, financial literacy, and microfinance education in Papua New Guinea (PNG). The MoU between CEFI and WPU signifies a collaborative effort to advance education, particularly in the realms of entrepreneurship and microfinance, fostering mutual growth and development. The MoU outlines several areas of collaboration, including: Support WPU with…
The President of the Porgera Chamber of Commerce and Industry has petitioned the Assistant Commissioner of Police Western End to address the ongoing law and order crisis in the Porgera Valley of Enga province or risk having business houses shutdown operations. In an official letter dated 17th April 2025 addressed to the Controller of the State of Emergency in Enga, the President Mr. Nickson Pakea plainly stated that Porgera businesses are no longer safe in an environment that is now extremely dangerous. The recent incidents along the main transport routes have raised significant concerns regarding the safety and security of…
Now that political stability has been assured following the defeat of the recent motion of no confidence in parliament, Prime Minister James Marape says it is now time to focus on delivering the promised resource projects in the pipeline set for commencement. Prime Minister Marape said with political stability assured, he reaffirmed his government’s focus on progressing several transformative resource and infrastructure projects, including: • Wafi-Golpu Mine, • Papua LNG with TotalEnergies, • P’nyang Gas Project with ExxonMobil, • Pasca A Offshore Project, • Frieda River Gold-Copper Project, and • Other LNG and resource expansions in Central Province. These projects,…
The scene at the National Parliament this morning was of organized groups gathering outside the parliament building in orderly fashion to enter the chamber to witness the day’s proceedings on the motion of a no confidence in Prime Minister James Marape. There were also no gatherings outside the main National Parliament gate and no sign of people holding up banners or signs protesting outside the parameters of parliament. Everything was quiet and calm. It was a normal day. Meantime, in the parliament chamber, the Members of Parliament (MPs) from both sides of the house entered the doors leading into the…
On the eve of the vote of no confidence, Prime Minister (PM) James Marape has come out to say that he will concede to whatever the result will be during parliament sitting tomorrow, Tuesday 15th April. In a press statement the prime minister affirmed that whatever the outcome of Tuesday’s vote, he would honour the decision of Parliament. “If the majority of Members of Parliament (MPs) decide to elect Sir Peter Ipatas as Prime Minister, I will fully respect and support that decision. But if they express continued confidence in me, I will be humbled to carry on and complete…
Papua New Guinea’s newest commercial bank to enter the banking sector, the National Banking Corporation (NBC), is looking at entering the stock exchange. The NBC is planning to publicly list its stocks for public purchase as early as next year 2026, with Prime Minister James Marape calling on Papua New Guineans to prepare themselves in anticipation of this event. Prime Minister Marape, while launching the new commercial bank on Thursday (10.04.25) evening, urged Papua New Guinea’s superannuation funds, provincial governments, landowner companies, nationally owned businesses, and individual Papua New Guineans to look forward to the announcement and to buy shares…
The latest report from the International Monetary Fund (IMF) has painted a very good picture of Papua New Guinea’s (PNG’s) economic growth, attributing it to sound economic policies and measures taken by the government. In an IMF article from that report published on Tuesday 8th of April 2025, it stated that PNG’s economic growth is projected to increase to 4.7 percent in 2025 with the outlook remaining broadly positive. It went on to say that continued fiscal consolidation would help to reduce debt risks, while a tighter monetary policy stance would reduce foreign exchange pressures, support the crawl-like FX arrangement,…
Prime Minister James Marape continues to drive his government’s commitment to transform the agriculture sector into a major revenue maker for Papua New Guinea (PNG). On Monday 7th April, in Lae city at the National Agriculture Industry Public- Private Sector Partnership Conference, he stressed this in his opening speech by issuing a call to action for PNG to transform its agriculture sector through unified public-private partnerships. In his address at the opening of the Conference, Prime Minister Marape said agriculture is no longer just a sector, it is the foundation for national survival, self-reliance, and long-term prosperity. “I am not…
The 2025 Digicel ExxonMobil Cup Season has been officially launched with Round One (1) set for this Sunday 13th of April in Lae city, bringing in a season with so many expectations. The eventful launching took place last evening at the Gateway Hotel in Port Moresby city where guests witnessed the display of the Cup and the captains of all twelve (12) franchises in full display of their club outfits. Tony Archer – General Manager, Pathways and Performance, in his opening remarks, reflected on the 2024 Season, hailing it a success, but stressed that things are hitting up especially with…