Papua New Guinea (PNG) is fully ready to host the 14th World Indigenous Business Forum (WIBF) come Tuesday 24th October in Port Moresby with delegates from the rest of the world arriving today along with the local indigenous business owners and operators. Minister for International Trade and Investments, Richard Maru said the event will officially kick off tomorrow at the Sir Hubert Murray Stadium with celebrations to be hosted by National Capital District Commission (NCDC) Amazing Port Moresby team. “I want to confirm that we will have over 300 official PNG delegates attending the forum and 150 delegates from around…
Author: Emmanuel MAIPE
Over a hundred international delegates from 14 different countries will be arriving in Port Moresby next week for the World Indigenous Business Forum (WIBF). The 150 international delegates are part of over 500 delegates that are expected to converge into Port Moresby next week to attend and participate in the WIBF that will be hosted from October 24th to the 26th. Minister for International Trade and Investment, Richard Maru said that this is really a great opportunity to market Papua New Guinea (PNG) to the world. “I also look forward to seeing our local businesses showcasing their products, building international…
Great news for fuel consumers, PUMA ENERGY PNG should resume full supply of fuel by this afternoon. PUMA ENERGY PNG Chairman and Managing Director Mr. Hulala Tokome confirmed with PNG HAUSBUNG that the fuel rationing will stop and all sites should be back to normal at least by 4pm this afternoon. “We have received FX thanks to the Bank of PNG and the Deputy Prime Minister intervening,” said Mr. Tokome. Earlier this week, Puma Energy announced that it was forced to commence fuel rationing to manage declining fuel stocks to protect fuel security in the country, after the fuel distributor…
The recently hosted inaugural Momase Regional Youth Games (RYG) was deemed as success especially because sixty youths were identified by the Papua New Guinea Sports Foundation (PNGSF) to go for further sporting development. According to the National Youth Development Authority (NYDA), the PNG Sports Foundation High Performance Unit had scouted sixty players in total under the five sporting codes of volley, basketball, touch footy, soccer and para-athletics from the games played from the 5th to the 30th of September in Madang. Furthermore, two male soccer talents from Angoram in East Sepik province were also scouted to join the National Soccer…
The Papua New Guinea (PNG) Extractive Industries Transparency Initiative (EITI), the Treasury and JICA, will soon proceed into phase two of the boosting of data transparency in the Mining and Petroleum sectors following the signing of the “Record of Discussion” in Port Moresby this week. The signing of the Record of Discussion is for the project for Improving Resource Related Revenue Management Phase Two between the three organisations and is aimed at improving resource related revenue management through enhanced EITI reporting to ensure transparency in how the funds are managed. PNGEITI Head of National Secretariat, Mr. Lukas Alkan said the…
The move to have parliament pay the allowances for the Ward Members throughout the country has come as a relief for the Department of Provincial and Local Level Government Affairs, as it will ensure payments are made on time. Minister for Provincial and Local Level Government Affairs, Mr. Soroi Eoe who was speaking during a press conference this week, said that for a while now the department has been taking the heat on not paying outstanding Member allowances, even though it wasnt the departments responsibility. SRC (Salaries and Remuneration Commission) determination, which its report was produced last year, has brought…
The Morobe Governor and newly appointed Chairman of the new Bipartisan Committee to look into provincial government systems, Luther Wenge, aims to achieve the goals of the government to identify a workable system that would be implemented at the provincial levels to achieve development goals. Speaking during his official appointment as Chairman, Wenge thanked the Minister for Provincial Government and Local Level Government Affairs, Soroi Eoe for having faith in his leadership and appointing him as Chairman. Wenge vows to work towards achieving the government’s goal on reforming provincial government systems. “I shall do my best with intellectual ability and…
The World Indigenous Business Forum (WIBF) will be hosted in Port Moresby in a few weeks’ time and apart from making the best of business connectivity with the rest of the world, the Forum will serve as platform to promote Papua New Guinea (PNG) to the rest of the world. The Minister for International Trade and Investment, Richard Maru certainly believes in that which is why his Department of International Trade and Investment (DITI) is running point on the hosting of this event that would see the indigenous businesses from across the globe, gather in the capital city for this…
The New Porgera Mine in the Enga province is nearing its re- opening with the latest progress being the approval of the Special Mining Lease (SML) 13 to New Porgera Limited (NPL). The Governor General Sir Bob Dadae granted SML to NPL on Friday 13th October, following the signing of the Mining Development Contract by the State and NPL. The State and NPL also executed the Fiscal Stability Agreement for the New Porgera project. Barrick Gold President and Chief Executive Officer (CEO) Mark Bristow congratulated the parties on achieving these major milestones which now brings the mine significantly closer to…
The Local Level Government (LLG) Elections is confirmed for mid-2024 and this election may see for the first the LLG presidents being elected by the people, in a presidential style of election. The Minister for Provincial and Local Level Government Affairs, Soroi Eoe said the matter of deciding the course of future LLG President elections was discussed last week and also this week during government caucus. Minister Eoe said since last week Cabinet debated whether or not people should elect the presidents of the various LLGs or continue with the current process where Ward members would elect the presidents. Since…