Prime Minister (PM) James Marape this morning opened the Stakeholder Consultation on the National Gold Corporation Bill 2024 (Gold Bill) with one message, and that is for the concerned parties to find what is wrong with proposed bill and to work towards an amicable solution going forward. Today’s Consultation was arranged by the Minister for Mining in collaboration with the prime minister and aims to discuss this controversial bill that is currently before cabinet and on the notice paper to be presented in the May parliament sitting coming up in two weeks’ time. Papua New Guinea Chamber for Resources and…
Author: Emmanuel MAIPE
The National Government continues its assistance to the affected business houses from the Black Wednesday riots and looting in the city of Port Moresby, this time with the release of its third batch of financial assistance. The cheque presentation of the financial assistance was carried out by the Chief Secretary to Government, Mr. Ivan Pomaleu on Monday 06th May, who also expressed regret for the unfortunate incidents that occurred on Wednesday 10th January. He shared his sentiments for those business houses, who were affected during the chaos saying, “The government values the contributions of business houses, that apart from collecting…
The Independent Consumer and Competitions Commission (ICCC) , through its nationwide price surveillance exercise, has reported that a lot of shops the ICCC team had inspected are complying with the current Price Measure in place. This comes as good news especially at a time of a rise in the costs of goods and services due to inflation experienced in the country. The ICCC Commissioner and Chief Executive Officer (CEO), Mr. Paulus Ain stated that most of the listed goods on the ICCC watch list as per schedule 1 of the Price Measure No. 4, which are essential basic goods, remain…
Prime Minister (PM) James Marape is expected to present in the upcoming parliament session details of his government’s performance and achievements over the past five years and strategies going forward in achieving his government’s objects. The prime minister recently announced that he will present a comprehensive scorecard detailing his government’s achievements over the past five years. This report, scheduled for presentation to Parliament on May 30th, 2024, will outline the progress made since his term began on May 30th, 2019. Reflecting on his government’s term, PM Marape highlighted the initial challenges faced upon taking office. “When I assumed the role…
The President of the Papua New Guinea Chamber of Resources and Energy (PNG CORE), Mr. Anthony Smaré continues to be vocal about the government’s proposed National Gold Corporation Bill 2022 (Gold Bill), stating that it will have extreme negative impacts on the country’s economy should it be passed in parliament. Speaking during the National Gold Corporation Bill Information Session in Port Moresby yesterday at the University of Papua New Guinea (UPNG) New Lecture Theatre, Mr. Smaré warned that the provisions of the Gold Bill, which restrict the independence of the Bank of PNG (BPNG) in issuing national currency, will be…
The people of the Gulf have been urged to get into viable business activities in preparation for the eventual commencement of upcoming resource projects in the province, so to tap into the spin off benefits that the projects will offer. Prime Minister (PM), James Marape, who was in the Gulf province recently for the opening of the Kerema District SME and Women’s Micro bank branch, called on the people in the province to prepare to supply goods and services to the forthcoming Papua LNG and the Wildebeest LNG Projects. He stated that the focus should be on local agriculture and…
The women folk in Kerema district of the Gulf province who wish to go into small businesses can now have access to financial services required for start- ups or support existing business operations, now that there are new facilities opened to cater for that. Just recently the Kerema district saw the opening of the District SME facility and the Women’s Micro Bank branch in the provincial capital. These new facilities came about from the efforts of the local Member for Kerema, Mr. Thomas Opa, who wanted to improve the lives of women and their households in his district. Prime Minister…
Fuel consumers will have to dig a little deeper into their pockets this month to pay for fuel. The fuel prices have increased as of today for the month of May after slightly dropping last month by just a few Toea per liter for all three petroleum products right across the country. This month’s fuel price increases will see a slightly bigger increase for petrol compared to the diesel and kerosene. For the city of Port Moresby, the residents will find at the fuel stations that petrol has gone up to K4.84 per liter, diesel increased to K4.45 per liter…
Despite numerous awareness campaigns carried out on the roles and functions of the Independent Consumer and Competitions Commission (ICCC), there is still confusion about its functions, especially with matters of price control in light of increases in prices of goods and services in the country. It is for this reason that the ICCC Commissioner and Chief Executive Officer (CEO), Mr. Paulus Ain is once again urging the public to understand that the ICCC does not control the prices of all goods and services. “Many people think that ICCC controls prices of all food items and services including shoes, clothes, and…
The Panthers have made it three wins on the trot with a 42-12 victory over an injury riddled Rabbitohs side. Losing his starting halfback and fullback in the first half and two forwards to the sin bin, it was a tough night out for South Sydney interim coach Ben Hornby in his first night in the hot seat. The Rabbitohs showed some early positive signs, leading 12-0 17 minutes into the match however the struggling South Sydney side face another tough week in the spotlight after allowing the premiers to run in four tries in the second half. It wasn’t…