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…
Author: Emmanuel MAIPE
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…
The government has directed a stop to the proposed sale of Pacific Balance Fund (PBF) Shareholding Interest in Trukai Industries Limited by Melanesian Trustee Services Limited (MTSL), to protect the interest of local unitholders and safeguard the country’s part ownership of the major rice distributor. The Minister for International Trade and Investment, Mr. Richard Maru said that the Share Buy-Back Agreement that MTSL is pushing to sell off PBF shareholding in Trukai to SunRice Group, an Australian owned global rice food company, raises concerns in regard to Papua New Guinea’s national interest. In the agreement, MTSL proposed to sell its…
The State rental debts owed to Nambawan Super Limited (NSL) for the use of the Fund’s properties, have now reached over K108 million as of the end of last month, Friday 30th June. According to NSL Chief Executive Officer (CEO) Mr. Paul Sayer, this is comprised of K50 million in outstanding rental payments for February, March, April, May and June this year, and another K58 million in arrears from several years prior to 2023. Last year, the superannuation fund and the government reached an agreement whereby the State would settle the remaining balance of its rental arrears in K10 million…
There will be a number of big topics to be presented and discussed at the upcoming Innovation PNG 2023 Conference including the topic of Artificial Intelligence (AI), which is quite a new concept to countries like Papua New Guinea (PNG) in terms of using it to create innovations to address some issues faced in the country. According to PNG Advantage International Publishing Director Mr. Andrew Wilkins, one of the hot topics to be presented is Generative Artificial Intelligence like ChatGPT, which can be used to create new content, including audio, code, images, text, simulations, and videos. “We want this conference…
The Port Moresby Chamber of Commerce and Industry and Business Advantage International have confirmed that they will be hosting Innovative PNG 2023 on November in Port Moresby to bring in innovative solutions to problems experienced in the country. The event was first hosted in 2019 but was not staged the following years due to the COVID pandemic. This year will be the first time after three years to be hosted again. Innovation PNG will be the international standard event bringing the best of new technology, creating solutions and innovative thinking to PNG. Mr. Andrew Wilkins, the Publishing Director of Business…
The country’s consumer watchdog, the Independent Consumer and Competitions Commission (ICCC) is conducting a survey with the aim to establish the real basis of the numerous complaints by BSP customers against their bank, BSP Financial Group Limited, following the installation of its new banking system. ICCC Commissioner and Chief Executive Officer (CEO), Mr. Paulus Ain made mention that the Commission will be making certain recommendations pursuant to this survey. Mr. Ain said that in the past 10 weeks the ICCC has attended to numerous complaints coming in from all the four regions of the country, relating to the recent BSP…
The Kumul Petroleum Holdings Limited (KPHL) will now be working alongside the Ihu Special Economic Zone (SEZ) Development Company to conduct a feasibility study on power generation solution for the SEZ in the Gulf province. This was made possible through a Memorandum of Understanding (MoU) signed between KPHL and Ihu SEZ in Port Moresby on Tuesday, 27th June. KPHL Managing Director Mr. Wapo Sonk said they will look at the most appropriate power solution for the Ihu SEZ, which could include renewable energy source like hydro. The Managing Director for the Ihu SEZ Development Company, Mr. Peter Kengemar, said the…
The youths in the Sumkar district in Madang province now have a District Youth Development Council to run programs that will help the youths in their development and contribution to their community. The establishment of the Sumkar District Youth Development Council on the 23rd of June at the Sumgilbar Local Level Government (LLG) Chambers in Gibrin, was the direct result of the partnership between the National Youth Development Authority (NYDA) and the Sumkar District Development Authority (DDA). The establishment brought together a total of 128 Youth representatives from the 33 wards of Karkar and 31 wards of Sumgilbar to convene…