The national government’s Special Economic Zones (SEZ) and donor support should be the assistance that is needed to ensure Western province progresses long after Ok Tedi Mining Limited (OTML) closes its operations. OTML Managing Director and Chief Executive Officer (CEO) Mr. Musje Werror, said the SEZ is one such benefit that would see sustainable growth in the province’s economy and improve service and development, as it will attract investments in the long run for the province. “Special Economic Zone, in terms of attracting more investors into the province, its going to be a critical part of government’s input into sustaining…
Author: Emmanuel MAIPE
Local cocoa farmers in the East Sepik province are working towards having downstream processing for cocoa so that they can benefit more from the cocoas they produce. Mupa Cocoa Farming Founder and Director Mr. Sperian Kapia said that is one thing the farmers in Angoram district are doing with the help from partners like the European Union (EU). He said the farmers in the Yuat Local Level Government (LLG) want to establish a working downstream processing so to manufacture a semi- complete product to sell to the markets. “So, we want to produce powder (cocoa powder) in our villages so…
Ok Tedi Mining Limited (OTML) is assisting landowners and the communities in Western province ventured into agriculture businesses so that they can be able to sustain themselves after the Ok Tedi mine eventually closes in 10 years’ time. OTML Managing Director and Chief Executive Officer (CEO) Mr. Musje Wera, said apart from other payments, the company annually pays compensation funds for the use of the land and for certain resources like water, but he said these funds should not be seen as the main source of income for the communities. “I mentioned the compensation that we pay to our communities,…
Key indicators of a country’s progress are vital, especially if one intends to tap into the market of a country and try out in doing business through investments, and one key indicator is the corruption index. Speaking at the 3rd EU- PNG Trade and Investment Conference in Port Moresby this week, the Interim Chairman of ICAC PNG Mr. Thomas Eluh pointed out exactly that. He said that foreign investors are smart when it comes to making investments decisions, they will be looking at a lot of things from economic status of a country to security and law and order, and…
Foreign investors intending to enter a market like here in Papua New Guinea (PNG), would consider a whole lot of things before considering making a final investment decision. Perhaps one of the important things to look at is how the government behaves and its relationship with the private sector. Speaking at the two- day 3rd EU- PNG Trade and Investment Conference in Port Moresby, the President of PNG Europe Business Council Inc. Mr. Michael Sullivan, pointed out that perhaps an important aspect to this, is government debts and how quickly it repays it. “Regrettably, the PNG government has a poor…
Trade and investment measures must respond accordingly to the constant changes taking place in the world in terms of doing business. That was the message put forth by Minister for International Trade and Investment Richard Maru, when officially opening the 3rd EU -PNG Trade and Investment Conference in Port Moresby yesterday. Maru said the trade and investment regime is constantly changing, not only with the onslaught of COVID- 19 pandemic, but also changes in technology. “In line with these changes and with a wide range of ambitious investment enabling reforms, the government has allowed for much greater openness, further liberalization…
The Papua New Guinea Defence Force (PNGDF) has been receiving a lot support from the Australian Defence Force through the defence partnership and this time, it was gifted with new vehicles, and vessels to go towards its logistical support for its troops and achieving its goals in nation building. Commander Defence Force (CDF) Major General Mark Goina said the equipment includes 20 Isuzu troop trucks, five 19-seater buses, three 30- seater buses, 2 coastal riverine supply vessels, two forklifts and one tow- tractor to name a few. “All of these items are vital for us to create a base line…
PNG Air, one of the country’s longest serving airline operators marked its 35 years of service to the country recently, celebrating its achievements as it evolved over the years from an island air charter business to one of the major commercial airliners in Papua New Guinea. Speaking during the 35th Anniversary celebrations on Thursday night in Port Moresby, the airliner’s Acting Chief Executive Officer (CEO) Mr. Stanley Stevens, said the company will continue to navigate through the challenges and will endeavor to make the right changes going into the future for its customers and the country. The airline company’s humble…
The government, through Treasury and Finance Department, must settle the outstanding rentals owed to Nambawan Super Limited (NSL) for the use of its buildings or face a closure of these builds by today (Tuesday 27th September 2022). According to the Superfund, the NSL management and the team from the government met on Monday in a formal meeting to try to resolve this matter quickly. The government owes NSL a total of K160 million of outstanding arrears owed for the use of the buildings for several years. “NSL is waiting for the state to pay the outstanding owed to the account…
Badili and Town Police here in the nation’s capital are closely monitoring a very tense situation, after clashes between the villagers from Pari and Wanigela Koki this morning. Shift Supervisor, Senior Constable Pios Moses of the Badili Police station stated that units were dispatched to quell the tensions after 8 truckloads of men, presumably from Wanigela, attempted to attack Pari Village, armed with a variety of weapons. Snr. Constable Moses said that the fight was caused when a Wanigela man married to a woman from Pari was attacked by boys from the village and injured with a slingshot. “He was…