Goodman Fielder International (GFI), after establishing its new feed mill in Lae city, now calls on the government to establish a corn industry in the country because of the potential it will have with regards to manufacturing feeds locally for commercially farmed animals. The GFI Managing Director, Mr. Sun Xing Tao made this call during the visit of the Minister for International Trade and Investment, Richard Maru and the National Agriculture Research Institute (NARI) team to GFI’s new feed mill at 11mile in Lae city on Tuesday 05th March. “With our new USD200 million worth world-class feed mills, we can…
Author: Emmanuel MAIPE
Following the increase of fuel prices last month, this month will also see another increase of prices for all petroleum products distributed in the country. The Independent Consumer and Competitions Commission (ICCC) announced in a statement that for March, the Indicative Retail Prices for petrol, diesel, and kerosene will all increase on average throughout Papua New Guinea (PNG). The retail price increases are mainly attributed to the average increases in international crude oil prices in February. “The average crude oil price increases were caused by disruptions to shipping in the Red Sea and via the Suez Canal, signaling an increased…
The Independent Consumer and Competitions Commission (ICCC) has discovered from its national price inspection exercise that rice has been the main food item on the Commission’s watch list that has seen illegal price hikes imposed by a good number of shops in Port Moresby city. The ICCC Commissioner and Chief Executive Officer (CEO), Mr. Paulus Ain, says rice was the main product or food item that saw traders increasing their prices above the 10% limit without seeking prior approval from the ICCC, breaching Price Measure No. 4. “The ICCC acknowledged that prices are increasing due to increases at the supply…
The Minister for International Trade and Investment wants to see pacific island states and the rest of the world come together and do more to protect the fish stocks in pacific waters from overfishing by foreign fishing vessels. Minister Richard Maru, following the recent World Trade Organization (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi in the United Arab Emirates, stated that the demands of the big influential foreign fishing nations, who are not prepared to remove harmful fisheries subsidies, will lead to overfishing which will eventually lead to the destruction of tuna and fisheries stocks right throughout the Pacific…
Prime Minister (PM) James Marape has called on the Opposition to stop misleading the public and inciting anxiety among the people after accusing them of creating dissent regarding the vote-of-no confidence motion. “It is very irresponsible of the Opposition MPs or the so-called Alternate Government to be contesting issues concerning their vote-of-no-confidence motion in the public space, which the Parliament Private Business Committee has deemed to be flawed and does not qualify to be listed on Parliament notice,” Marape stated. He made this statement in response to the Opposition’s announcement, revealing their decision to forego challenging the actions of the…
The country’s consumer watchdog, the Independent Consumer and Competitions Commission (ICCC) has been on the prowl inspecting shops to see if they have been complying with the price measures imposed on certain goods under the Commission’s radar. In Port Moresby city, the price inspection exercise this week discovered about twenty- five shops in various suburbs in breach of Price Measure No. 4 and were issued with Infringement Notices (IN) on Tuesday, 27th February 2024. The ICCC staff were deployed throughout the city and parts of Central province as well to inspect shops and verify whether they have been complying with…
Footy fans in the city of Port Moresby are expected to see some changes to the lineup of teams that will be participating in this year’s AFL competition, as they prepare to welcome the 2024 season. According to the President of the Port Moresby AFL Association, Mr. Douglas Lai, this is because two clubs could face exclusion from the competition this year; one for its involvement in the on-field violence witnessed during the 2023 finals, while the other for not meeting certain requirements to continue in this year’s competition. The Port Moresby AFL Association members, following their meeting this week,…
A small delegation from Papua New Guinea (PNG) will be visiting New Zealand (NZ) in April to hold high-level talks on trade and investment between the two nations. The Minister for International Trade and Investment, Richard Maru said the visit to NZ will be to learn from the experience of New Zealand’s capital market industry and seek New Zealand Government’s support to transform the Securities Commission of PNG and the capital market industry of PNG. Whilst there, the PNG delegation will also visit the chicken and dairy farms and invite the New Zealand investors in these industries to invest in…
The National Executive Council (NEC) has issued emergency orders under the Essential Services Act of Papua New Guinea (PNG) to drastically address the fuel crisis currently faced in the country. Prime Minister (PM) James Marape today announced these orders, stating that the aim is to ensure the consistent supply of fuel by Puma Energy at this point in time. Marape said these emergency orders are just short term solution to the fuel crisis in order to give time for the government to work towards are long term solution going forward. The initial order is to have the Minister for Petroleum…
Air Niugini is expected to have sufficient aviation fuel to keep its services ongoing after the airline company signed a recent contract to purchase a cargo of jet fuel directly from Puma Energy’s international supplier; however, the wait for the jet fuel to arrive might be a bit too long. In a statement released today, the fuel company revealed that subject to Air Niugini fulfilling the new contract, replacement jet fuel is expected to be available in Port Moresby by late this week, but unfortunately, due to the court order forcing Puma Energy to maintain maximum supply of jet fuel…