FinCorp Limited today announced the appointment of Mr Mark Ellul GAICD and Mr. Loi Martin Bakani CMG, to its Board of Directors. Both bring a wealth of experience and expertise that will undoubtedly contribute to FinCorp’s growth and strategic direction. Mr Ellul joins FinCorp’s Board with extensive experience in the banking and financial sector, having held senior executive roles at ANZ Bank and Halifax Bank of Scotland (HBOS)/Bankwest. Mr. Ellul’s notable achievements include driving and managing complex business turnarounds and operations, implementing strategic policies and risk profiles, and leading sustainability transitions. His experience in engaging with a wide range of…
Author: Emmanuel MAIPE
In light of the current inflation experienced in the country, the Papua New Guinea (PNG) National Research Institute (NRI) has issued its recent Spotlight edition highlighting some fiscal policy options that the government should consider going forward in addressing inflation. PNG is currently experiencing imported inflation which directly affects the welfare of people and cost of businesses. The inflation pressure has been caused mainly by high taxes on imports and inflation in the exporting countries because of the COVID-19 pandemic and the war between Russia and Ukraine, and the weakening Kina that emanates from the domestic exchange rate reform. The…
Prime Minister (PM) James Marape has met with Fiji Prime Minister Sitiveni Rabuka on the margins of the 53rd Pacific Islands Forum (PIF) in Tonga where both Melanesian leaders talked on furthering trade and security cooperation. The meeting, which took place on Monday 26th August, discussed mutual areas of concern between Papua New Guinea (PNG) and Fiji, where the two leaders continued to explore and strengthen the bilateral cooperation between the two countries. The agenda covered progress of the PNG-Fiji Defence Cooperation, engagement of Papua New Guinea Defence Force (PNGDF) in peace-keeping operations, trade and investment, land availability in both…
A group of provincial administration members from East Sepik Province (ESP) were on a fact- finding mission just recently with the assistance of Ok Tedi Mining Limited (OTML) to gain insights on mining operations to prepare for the upcoming Frieda River Project in the Sepik region. The delegation from the Provincial Administration Mining Desk Team, visited from the 11th – 16th August, to understand the various aspects of the mine operations to address some of their concerns with the upcoming Frieda River Copper-Gold Project. The Frieda River Project is located in a region shared by both East and West Sepik…
The recent visit by the new President- elect for Indonesia, H.E Prabowo Subianto to the country, has drawn condemnation from the Media Council of Papua New Guinea (MCPNG) after a local female journalist was prevented from attending the arrival and bilateral meetings on Wednesday 21st August in Port Moresby city. Ms. Harlyne Joku, an experienced Journalist writing for Online news platform, Benar News, was denied entry to a joint Press Conference between Papua New Guinea (PNG) Prime Minister (PM) James Marape, and the Indonesian President, despite having all required accreditation to cover the event. Ms. Joku was initially denied entry…
Papua New Guinea (PNG) and Indonesia will further their bilateral relationship by expanding and improving on the people- to- people and business- to business relationships going forward. That was the announcement by Prime Minister James Marape following the bilateral meeting this afternoon with the President elect for Indonesia, H.E Prabowo Subianto at the Stanley Hotel in Port Moresby city. “The government- to- government relationship has never been better,” Prime Minister Marape expressed. “We’ve maintained good dialogue in relationship since 1975 when we became independent, but in this relationship, we are fine tuning more in as far as people- to- people…
The establishment of a Dialogue Cooperation Committee for Papua New Guinea (PNG) and Indonesia should go a long way in providing policy coordination and guidance between the two countries. The Minister for International Trade and Investment, Richard Maru made this remark after the Indonesian Government proposed that Indonesia and PNG establish a high-level Dialogue Cooperation Committee to meet every six months to drive the agenda of growing trade and investment, and all cooperation between the two countries. “This committee will provide policy coordination and guidance for the practical cooperation between our two countries,” said Minister Maru. This is important because…
The new President of Indonesia is arriving to Papua New Guinea (PNG) today, touching down at the Jackson International Airport at noon (12pm) along with his delegation on his first visit to the country. Prime Minister (PM) James Marape has offered a very warm welcome to Indonesia’s new president, President Prabowo Subianto, as he awaits the arrival of the Indonesian leader in Port Moresby city. “It is a high honour for him to dedicate his first national visit as the President-elect to Papua New Guinea,” said PM Marape. “We share land border with Indonesia. Our people from this side of…
The two- day 2024 PNG Update has commenced today at the University of Papua New Guinea (UPNG) in Port Moresby city with much to talk about on an array of topics on pressing issues impacting the country and its people. Dr. Laurence Sause from the UPNG School of Business and Public Policy- programs and research, said the PNG Update is a platform whereby research based on credible data are presented to engage the views of participants and creating dialogue on topics of concern to the development of Papua New Guinea. “Much of what you will hear will be ideas that…
The Global Chair of Transparency International will be arriving in Papua New Guinea (PNG) for a two-day visit in a move to strengthen efforts in the fight against corruption in the country. Transparency International Papua New Guinea (TIPNG) in a statement released on Monday 19th August, announced that the Global Chair of Transparency International, Mr. Francois Valerian, will be in country on this week. The visit, scheduled for Thursday 22nd of August to Friday 23rd of August, marks a significant milestone for TIPNG as the leading internationally accredited Civil Society Organization locally mandated to empower people and organizations in PNG…