The initiative of the National Government to establish the Special Economic Zones (SEZ) in the country, presents some good opportunities for overseas investors to tap into the local market and help boost the economy of the country in the long run. That was the message expressed by the Minister for International Trade and Investment Mr. Richard Maru, when talking to the heads of all superannuation from right across the pacific that gather this week in Port Moresby for the Pacific Island Investment Forum (PIIF). Minister Maru the master plan for the SEZ will be announced in May, which should show…
Author: Emmanuel MAIPE
The Commander NCD/Central, Assistant Commissioner Anthony Wagambie Jnr, has given his assurance that it will be business as usual today with no protest to take place as per talks on social media lately of a planned protest. Wagambie said his office and office of the NCD Metropolitan Superintendent are not aware of any planned protest today because no individual or groups have formally written or approached them to stage a protest. “Every protest or public gathering must have the approval of the Police in consultation with the Provincial Peace and Good Order Committee,” said Wagambie. “I assure everyone that business…
The Port Moresby Australian Football League (AFL) Association will start its 2023 season with the pre-season games this weekend at the Colts Oval, starting on Saturday 01st April. Association President Mr. Douglas Lai confirmed that the pre-season matches will see all 11 teams participate; however, it will only be the senior men’s division teams participating, not everyone. He also explained that the cancelation of the opening of the pre- season matches, which was supposed to be held last weekend, was due to one of their colleagues having a death in the family. They had to postpone as respect to their…
The country’s resource and non- resource sectors continue to present good opportunities for investments especially when major resource projects are coming up in the very near future, which should also see the economy of Papua New Guinea (PNG) growing stronger going forward. That was the assurance given by the Minister for International Trade and Investment Richard Maru, to delegates and investors during the official opening of dialogues for the Pacific Islands Investment Forum (PIIF) at Port Moresby this morning. Minister Maru said the country has eight projects so far that are active in the mining and petroleum sectors with more…
The residents of Edai town, just outside the city of Port Moresby located a couple meters from the PNG LNG plant site, are already fed up with the poor road condition along the main Napanapa highway in the Central province that was left to deteriorate over time. The residents along with business house in the area, through their own committee, are now appealing to the National Government to quickly address the deteriorating condition of the poorly maintained highway. The residents are not happy because it has been close to two years now since the announcement of the start of the…
The Mining Minister Sir Ano Pala has reassured that the environmental matters pertaining to the re-opening of the Tolukuma Gold Mine in Goilala district in the Central province, will be closely looked at to ensure no damages to the environment will be caused. The minister, when responding the concerns of potential environmental damages raised by the Member for Kairuku Peter Iso Aimo during parliament session, said monitoring what’s going to happen is now the only thing to do. He explained that the mining license along with the environmental permit was issued already to the developer of the mining project Lole…
Prime Minister (PM) James Marape has made it clear that the recently and hotly talked about topic of the proposed Gold Refinery Bill, is a work in process and is not in the process for being approved by the government anytime soon. Marape, when responding to questions from the Member for Menyamya Mr. Solen Loifa on this particular bill in parliament today, said the government is re- looking at it wholistically and is not in the business of pushing through a proposed bill that would in the future not benefit the people and the major players in the country’s mining…
The Acting Speaker of Parliament Mr. Koni Iguan bluntly told Members of Parliament (MP) this morning in parliament to turn up on time for the parliament sessions after noticing that many of them continuously coming in late for sessions. The Acting Speaker said parliament sessions are important because a lot of topics on development and matters of importance to the country are discussed and debated on the floor of parliament. “In accordance with section 36 two- and- three, it states very clear that we go strictly by the time of attending parliament sessions,” said the acting speaker. Acting Speaker Iguan…
The Minister for Housing is adamant to clean up the issues that have tainted the National Housing Cooperation (NHC) over the years in order to have a robust and effective housing institution that can cater for the needs of all the people seeking good affordable housing and accommodation throughout the country. The Minister and Member for Tewai- Siasi Open Dr. Kobby Bomareo, said the NHC has legacy issues which are aligned with allegations of corruption over the years, but the minister said a lot of things are now being done to fix the matters in house. Minister Bomareo said this…
The Air Niugini Board has been instructed to review the rate in which the airline ticket prices are being set after some issues within the airline company saw the termination of some of the senior executive team members. The Minister for State owned Enterprises, William Duma, revealed in parliament today that they had to terminate two executives because of the unauthorized increases of airfares to the public. “There is a problem there and I must admit that these increases were never approved by the board of Air Niugini and never came to myself as the minister,” said Duma. “That is…