Indonesian investors have been urged to consider investing in the development of oil palm projects in Papua New Guinea (PNG) to develop the palm oil sector and tap into the opportunities in oil palm production and export. Minister Maru said Indonesia has a big demand for palm oil, and the opportunity that PNG presents is something Indonesian investors should look at very closely. “We have a lot of resources, a lot of investment opportunities. We have millions of hectors of grassland that can be used for oil palm,” said the minister. The availability of grassland is important because currently, world…
Author: Emmanuel MAIPE
The Minister for International Trade and Investment, Richard Maru has revealed that trade between Papua New Guinea (PNG) and Indonesia over the years has been quite low despite the bilateral relationship between the two countries. Minister Maru, when giving his remarks at the Inaugural PNG- Indonesia Business Forum at the APEC Haus in Port Moresby on Wednesday 05th July, revealed that the two-way trade between the two countries stands at only USD$207million. “For us in Papua New Guinea, it means Indonesia is not even within the top ten trading partners of Papua New Guinea, nor are we, and yet we…
Prime Minister James Marape extends his heartfelt appreciation to Indonesian President H.E. Joko Widodo for his immensely successful one-day visit to Papua New Guinea on Wednesday, July 5, 2023. The visit resulted in several significant accomplishments and outcomes. Reflecting on the visit as President Widodo departed Port Moresby, Prime Minister Marape expressed his jubilation and commendation for the fruitful discussions and achievements reached during the high-level engagement. “We are deeply honored to host President Widodo, especially considering Indonesia’s remarkable position as the 16th-largest economy in the world with a nominal gross domestic product (GDP) of US$1.392 trillion and the 7th-largest…
The President of the Republic of Indonesia H.E Joko Widodo has made it clear that there is a need for a stronger economic cooperation with Papua New Guinea (PNG) to strengthen the economies of both countries going forward. PNG and Indonesia have had a good relationship since independence but not a strong relationship in the areas of trade and investment. President Widodo expressed that PNG is a close friend, as well as a strategic partner of Indonesia. “Therefore, Prime Minister Marape and I want this close relationship to be marked by economic cooperation, which is essential for both countries,” said…
H.E. Grand Chief Sir Bob Bofeng Dadae, GCL, GCMG, KStJ, Governor General of Papua New Guinea, today welcomed the President of Indonesia H.E. Joko Widodo who arrived in Port Moresby on a one-day State Visit today. This is the second State Visit by President Widodo to Papua New Guinea. Shortly after his arrival this morning, President Widodo called on the Governor General at Government House. President Widodo informed the Governor General that the purpose of his visit to PNG was to strengthen partnership between Indonesia and PNG that is based on the principles of mutual respect for sovereignty and territorial…
National airline, Air Niugini has selected and signed an agreement with Rolls Royce in the United Kingdom (UK) recently for its Trent 1000 engine for the airline’s recently ordered Boeing 787 Dreamliner. The Trent 1000 engine manufactured by Rolls Royce is renowned for its outstanding performance, efficiency, and low emission. Its advanced features include its enhanced fuel efficiency and improved maintenance program which enables the optimisation of operations and cost reduction, ensuring long term sustainability, profitability, and better value airfares. Air Niugini’s Acting Chief Executive Officer, Mr Gary Seddon said “By choosing the Trent 1000 engine for Air Niugini’s Boeing…
Prime Minister (PM) James Marape and the President of the Republic of Indonesia H.E Joko Widodo have come together for a bilateral meeting to discuss matters of trade, investments, political aspirations, and people to people relations. PM Marape in his opening speech at the bilateral meeting welcomed the president, saying that Papua New Guinea (PNG) and Indonesia share a very close relationship since PNG’s independence. Highlighting this relationship, Marape said this close tie was further strengthened by the closeness of the two countries in terms of land and sea border. “Papua New Guinea and Indonesia have been great partners since…
The law and order situation in the capital city of Papua New Guinea (PNG), Port Moresby is a cause for concern for everyone and it’s high time that the authorities move to seriously address this matter right away. The Port Moresby Chamber of Commerce and Industry (POMCCI) President, Mr. Rio Fiocco, said incidents like what transpired this morning at Koki, is just one of many such incidents that occur in the city and its not only affecting the public, but the business community as well and with it, impacting the services that are provided by businesses to the public. “Our…
New Ireland Governor Sir Julius Chan is tired of the constant fake news of his death and mocked the rumors. In a media statement released today, Governor Sir Julius said he’d risen from the dead for the 100th time! He said he looked down from Heaven and saw the rumour mongers writing of his passing from the gates of Hell. Sir J added, hell might freeze over with the continuous attempts the rumour mongers keep making to declare him dead. Sir J was later enjoyed a resurrection dinner with Senior Executives of the New Ireland Government and members of the…
Private companies and government departments have been invited to enter the Innovation PNG 2023 Awards to promote individuals or teams within their organization that have come up with innovations to ease day to day issues, or issues faced in the community. Business Advantage International Publishing Director Mr. Andrew Wilkins sent out the invitation on Thursday 29th June, when announcing the Innovation PNG 2023 Conference for November 10th. “This is an opportunity to really acknowledge and award those people who are doing cool stuff here in PNG, people actually here on the ground who are innovative,” he said. There will be…