The brand new TISA bank, after receiving its commercial banking license exactly two months ago, is ready to open the doors to its first branch this month after next week. This was revealed by TISA bank Chief Executive Officer (CEO), Mr. Sunit Pakharel during the official launching of the new TISA bank logo last night at the TISA Haus in Port Moresby city. After giving his keynote address at the launching, PNG HAUSBUNG had a chat with the CEO, where he revealed the plan that is already in motion to the opening of TISA’s first bank branch in Papua New…
Author: Emmanuel MAIPE
The National Capital District (NCD) Governor, Powes Parkop, has come out to make a desperate plea to the police to appoint a permanent NCD/ Central Police Commander following a drastic increase in crimes in the capital city of Papua New Guinea (PNG). The good governor said since January 10th riots and looting (Black Wednesday), only acting appointment has been made to the Police Command in the City. He then went on the say that if the Commission of Inquiry (COI) into the January 10th incident has cleared Assistant Commissioner of Police (ACP) Anthony Wagambie Junior, then he should resume duties.…
PNG Power Limited (PPL)has released another statement, the second this week regarding the matter with Dirio Gas & Power Company Limited, stating that it stands firm with the Courts decision on yesterday, ordering Dirio to restore its power supply the Port Moresby transmission grid. PNG Power Board Chairman, Mr. McRonald Nale in the statement released today said that the step taken by PNG Power to seek the courts orders, was sought after Dirio had approached the same courts earlier, to order PNG Power to pay unsubstantiated outstanding payments, or will be shutting down its power supply into the PNG Power…
Prime Minister (PM) James Marape has set December as the deadline for the finalisation of all matters relating to the Wafi Golpu Mine so that the mine project can finally get off ground because time is running out. This means the finalisation of the Mine Development Contract (MDC) and issuing the Special Mining Lease (SML) for the Wafi-Golpu Mine. During a high-level meeting with the State Negotiating Team, Joint Venture Partners Newmont and Harmony, Deputy Prime Minister John Rosso, and Mining Minister Wake Goi, PM Marape emphasised the importance of immediate action on starting this important economic project in the…
The touch footy team from Papua New Guinea (PNG), namely the PNG Komaras, are heading off to Paris, France today to participate in an international touch rugby tournament coming up this weekend. The TotalEnergies PNG Corporate Touch Rugby team will be participating in a global “Tournament of 100 Teams” Touch Rugby Tournament taking place in Paris on October 4th and 5th. Comprising of nationals from both the TotalEnergies EP PNG Limited and TotalEnergies Marketing PNG Limited Affiliates, the Komaras will compete in the finals against the top 24 teams, who also qualified via regional tournaments around the world where TotalEnergies…
Residents and business houses in Port Moresby city and parts of Central province now have full electricity supply once again after it was restored following a shortfall experienced over the weekend that led to an emergency power loadshedding. PNG Power Limited (PPL) in a statement says this was made possible after the National Court on Monday 30th September, ordered the immediate restoration of electricity supply from Dirio Gas & Power Company Limited (Dirio) to the transmission grid. The key points of the Court Orders are as follows: · The court ordered that Dirio restore electricity supply from its power station…
Dirio Gas & Power Company Limited (Dirio) has pulled the plug on its power supply to the Port Moresby city power grid due to outstanding payments owed by PNG Power Limited. Dirio, the countrys first independent power producer owned entirely by landowners from the PNGLNG project areas, released a statement on Friday 27th September stating that the power company has advised PNG Power that it has shut down its power station in Port Moresby. Dirio was founded in 2017 in line with the government policy to increase local participation in key industries to the countrys economic growth, and to ensure…
Tomorrow will mark World Tourism Day, and the Papua New Guinea (PNG) Tourism Promotion Authority (TPA) will be hosting a conference with the identify and work to address issues affecting the tourism industry. World Tourism Day Conference is set to take place on Friday, 27th September, at the APEC Haus in Port Moresby to bring together various stakeholders from the tourism industry to voice their concerns and discuss strategies to mitigate challenges facing the sector. The global event will be observed in PNG through the informative conference, themed, “Tourism & Peace: Unlocking PNG’s Potential through Addressing Law and Infrastructure Challenges.”…
Papua New Guinea (PNG) has seen a surge in marine tourism with more than 24, 000 cruise ship tourists visiting the country this year alone. According to a report released by the PNG Tourism Promotion Authority (TPA), using data provided by Inchcape Shipping, a total of 24, 407 visitors have arrived in PNG so far this year on 12 different international cruise ship liners. The cruise industry is playing a significant role in boosting the country’s tourism numbers, with several more vessels scheduled to arrive before the end of the year. Between October and December, four more cruise ships are…
Prime Minister (PM) James Marape on Monday announced that the 2025 National Budget will provide significant support for both the Judiciary and the Magisterial Services. The PM made this announcement after receiving the Judiciary’s budget estimates for 2025 from Chief Justice Sir Gibbs Salika and Chief Magistrate Mr. Mark Pupaka on Monday 23rd September in Port Moresby city. Prime Minister Marape underscored that law- and- order is now the central focus of the Marape- Rosso Government, a stance that reflects the Government’s recognition of its critical importance to national stability as Papua New Guinea (PNG) prepares to celebrate 50 years…