Ten young staff members of the Internal Revenue Commission (IRC) of Papua New Guinea are now in a better position to perform vital data analysis work that is crucial in the operation of the country’s tax organisation. These ten participants graduated from IRC’s Data Analytics Graduate Development Program (GDP) yesterday, Friday 11th October after going through the training that was facilitated by the Tax Intelligence Division of IRC under the leadership of Mr. Hiyemute Wayne, who is the IRC Acting Assistant Commissioner. The program itself aims to develop a new generation of professionals capable of leveraging data insights to enhance…
Author: Emmanuel MAIPE
The new TISA Bank, following the launching of its new logo last week, is now set to open its first branch very soon in Port Moresby city, marking a new chapter for TISA. TISA Bank Limited Chief Executive Officer (CEO), Mr. Sunit Pakharel confirmed that the first TISA Bank branch at Waigani will open to the public on Monday 21st October 2024. This upcoming opening of the first bank branch and recent launching of its new logo marks a new chapter in the story of TISA (Teachers Savings and Loans Society Limited), which initially started off as a savings and…
The PNG Komaras come out victorious in the recent International Touch Rugby Tournament held in Paris, France just recently, putting the country on the world stage in Touch Footy. In the Finals of the Touch Rugby Centennial Edition Tournament of 100 Teams, The TotalEnergies PNG Corporate Touch Rugby team, the Mighty PNG Komaras, were crowned champions. Having defeated 99 other representative Affiliate teams from across Asia-Pacific, the Middle East, Africa, Americas and Europe, the PNG Komaras secured their victory in their final game against the Geneva Jets on the second day of the two-day tournament on October 5th. Proudly playing…
The Ok Tedi Mining Limited (OTML) is celebrating its 40 years in Papua New Guinea (PNG) in which the mine contributed over billions of kinas in dividend, royalties, tax, tax credit schemes, and compensation payments in its four decades of operations. Starting in August 1984 as a gold mining operation by Broken Hill Property Limited (BHP), OTML transitioned to a copper-gold mine in 1987. From 2015 to present, OTML is a fully 100% PNG owned mine. OTML’s journey is characterized by both challenges and triumphs. Throughout its history, OTML has demonstrated resilience in the face of adversity. These include: ·…
The recent International Monitory Fund (IMF) preliminary agreement for a loan to Papua New Guinea (PNG), has got the Opposition up in arms against what it says is another additional debt burden on a country that already has an increased debt level. The Deputy Opposition Leader and MP for Chuave, James Nomane, released a statement in response to this, stating that the IMF announced that PNG will borrow $265 million, approximately K1.0 billion in a new financing package to run alongside the over USD1.0 billion (PGK3.93 billion) PNG already owe the IMF. The IMF stated that PNG has reached a…
The Mineral Resources Authority (MRA) of Papua New Guinea (PNG) has officially welcomed the appointment of the new Mining Minister in a small but significant ceremony in Port Moresby on Tuesday, October 08th. The MRA management and staff yesterday officially welcomed the newly appointed Mining Minister, Wake Goi, who is the Member for Jimi electorate in the Jiwaka Province, and a People’s Party member. The minister visited the Mining Haus at Konedobu accompanied by his wife Mrs Goi, his First Secretary Reuben Daniel, People’s Party member and former Governor for Jiwaka, Dr William Tongamp, other party executives and Jimi District…
The recent issue between PNG Power Limited (PPL) and Dirio Gas & Power Company Limited, which saw Port Moresby city having to go into emergency loadshedding for a couple of days, has drawn the attention of the prime minister, who now wants a comprehensive report on the matter. Prime Minister (PM) James Marape has called on Dirio, PNG Power and relevant stakeholders to provide a full report on the Dirio situation that impacted consumers, both residents and business houses in the city. This request comes in light of the existing Power Purchase Agreement (PPA). Prime Minister Marape reiterated his government’s…
The Member (MP) for Esa’ ala, Jimmy Maladina, who stood down as a government minister almost three months ago over a domestic violence case, has been reinstated to his former ministerial portfolio. Prime Minister (PM) James Marape on the afternoon of Tuesday 08th October confirmed the full reinstatement of Mr. Maladina as the Minister for Petroleum. Mr. Maladina stepped aside from his position early in July this year while a complaint against him was being processed by the Australian police and court. Prime Minister Marape said Mr. Maladina is being restored to his portfolio based on legal advice he has…
Fuel consumers can breathe a sigh of relief this month as the Independent Consumer and Competitions Commission (ICCC) announce that fuel prices have gone down for October. The ICCC has stated that the changes have taken effect as of today, Tuesday 08th October for petrol, diesel and kerosene with their Indicative Retail Prices (IRPs) decrease on average nationwide. After adding all the various cost components, including the imported costs for each petroleum product, the domestic sea and road freight rates for the 2024 third quarter, the annual wholesale and retail margins for 2024, and Goods and Services Tax and applicable…
Nambawan Super Limited (NSL) members can continue to experience good discounts when accessing healthcare services at the Pacific International Hospital (PIH) after the Discount Partnership Agreement was renewed just recently. The renewal of the agreement was signed at the PIH in 3 Mile in Port Moresby city, giving the 228, 319 NSL members the advantage to access discounts in specialist health care services and out- patient care. Through the renewed partnership, Nambawan Super Members can benefit from the following discounted medical services: • 20% Discount on Laboratory, Radiology and In-Patient Department (IPD) Services, • Discounted Out-Patient Department (OPD) Consultation &…