Papua New Guinea (PNG) continues to be a preferrable investment destination that has attracted a lot the world’s biggest names in business. That was the statement from Prime Minister (PM) James Marape when addressing the 2024 Business Advantage PNG Investment Conference at the Brisbane Convention Centre in Brisbane, Australia, when assuring foreign investors of the favourable business climate the country offers. Firstly, the prime minister apologized for being unable to attend the conference in person because of very busy work schedule, the prime minister addressed the gathering online and carried on his advocacy for PNG as an investment destination. “Papua…
Author: Emmanuel MAIPE
The Port Moresby Moni Plus AFL 2024 season is drawing to a close with the grand finals set for this weekend to be played out at the Colts Oval. The Port Moresby AFL Association (POM AFL) President, Mr. Douglas Lai expressed delight that the season is coming to a close with not major hiccups so far. “The Moni Plus sponsored POM AFL 2024 season has gone very well since the start and this weekend we will be having our grand finals for the season for the men’s division,” said the POM AFL President. “We’ve had no major problems throughout the…
The Department of Works and Highways now has a new Acting Secretary following the recent termination of the former Secretary. Prime Minister (PM) James Marape on Tuesday 13th August confirmed that Cabinet has made the decision to appoint Deputy Secretary, Mr. Gibson Holemba to replace former Works & Highways Secretary Mr. David Wereh. The prime minister also confirmed that Mr. Wereh is being posted overseas to take up appointment as Papua New Guinea’s ambassador to the Philippines. Marape said a formal letter signed by the Governor-General effecting the decision has been dispatched to Mr. Wereh, and that he was looking…
Tax holidays, although a good incentive for investments especially in the extractive industry, has the potential to lead to poor tax revenue collection from the sector in the long run. This was revealed in a research which was conducted by Ms. Ann- Tania Sipori at the recent 2nd Geoscience, Exploration & Extraction 2024 (GEE 2024) Conference in Port Moresby city. Before presenting the findings of her research to the audience in a packed APEC Haus, Ms. Sipori, who is the Mineral Resources Development Company (MRDC) Technical Manager, made it clear that the research she conducted was independent and does not…
Two mine villages in the Western province will finally be connected to the rest of the province thanks to a new road link that is currently in the works. The funding of this road link project is facilitated by Ok Tedi Mining Limited (OTML), through the National Government’s Tax Credit Scheme (TCS) and OTML has already awarded the road construction contract worth K36.1 million from Atemkit to Kavorabip in North Fly district. The 28.74 km road will serve as a critical link for the two villages of Atemkit and Kavorabip, whose people include the principal landowners of the Ok Tedi…
Poultry farming in the East Sepik province is set to further expand with a new hatchery established in the Yangoru- Saussia district. This new hatchery, located at Haripmo Farm, should enable the province to produce its own day- old chicks to supply the out-grower farmers starting in September. The new hatchery has the capacity to produce 20, 000 day-old a week, says the Farm Manager, Mr. Chris Prestwood. “We will start with producing 5,000-day-old chicks on September 1, 2024, and will ramp up to between 10,000 to 20,000 chicks a week,” Mr. Prestwood said. The Minister for International Trade and…
The people of Yangoru- Saussia and Angoram districts of the East Sepik Province (ESP) can expect better access to services and to the main centers all thanks to a newly set up bridge. The local Member of Parliament (MP) for Yangoru- Saussia and Minister for International Trade and Investment, Richard Maru, told his people that the long awaited Bararat Bridge in the Sepik Plains is now up and positioned. “This next three weeks the contractor, China Shenyang International Corporation, will concentrate on the causeway. This bridge is set to be completed over the next four weeks and ready for opening,”…
Prime Minister (PM) James Marape has given his assurance to companies operating in the extractive industry that his government continues to support the mining sector. The PM when giving his keynote address at the official closing of the 2nd Geoscience, Exploration & Extraction 2024 (GEE 2024) Conference in Port Moresby city on Friday 09th August, said his government is doing this through reforms to mining policies and laws with aim to get in the right investors to do explorations and developments in the countrys mining sector. He then went on to reveal to the participants, international guests and heads of…
Alluvial gold mining continues to play a significant part in the country’s resource sector with its annual export revenue contributing significantly to the nation’s annual budgets; however, there negative implications that come along with it. These negativity impacts were stressed by Mr. Rodney Biri, who is a tutor for Agriculture Research at the University of Goroka in Eastern Highland province. Mr. Biri, who hails from Central Bougainville, shared his experience with PNG HAUSBUNG at the margins of the 2nd Geoscience, Exploration & Extraction 2024 (GEE 2024) Conference in Port Moresby after giving an enlightening presentation on the subject. He said…
Employees at the Ok Tedi Mining Limited (OTML) from the Enga province have successfully raised K80, 000 to support their affected people in Mulitaka following the landslip in the Enga province. The proceeds are from cash donations from the Engan workforce and community in Tabubil as well as a corporate dinner hosted in Tabubil that was attended by the Tabubil business communities including OTML. Speaking at the corporate dinner recently, the group’s lead, Edward Maiapu said, “Although the Mulitaka incident has garnered a lot of support from PNG and the global community, there are certain social issues in the affected…