Prime Minister and Treasurer James Marape had revealed that the National Treasury has approved K519.8 million budgets for East New Britain Province this week. Governor Marum and his administrators submitted the budget last Friday, 02nd February 2024 and the budget was approved on Monday 05 February 2024, by Prime Minister Marape as Minister for Treasury, pursuant to Section 141 of the Organic Law on Provincial and Local Level Government. The budget totals K519, 816,185 with the highest allocation to Infrastructure development at nearly 38 percent of the budget. The general break-up into areas is as follows: Infrastructure – K196.8 million…
Author: Kerebi DAVID
The Kokopo Omorong Fisheries Project in East New Britain has successfully progressed into the next phase of development, focusing on the detailed design of onshore facilities and infrastructures. With the successful progress, the National Fisheries Authority (NFA) signed a Project Consultancy Agreement with Amidal Management Limited on Monday this week (Jan 29). This agreement marks a crucial step forward in the implementation of the Kokopo Omorong Fisheries. The signing ceremony was witnessed by Deputy Provincial Administrator for Districts and LLGs, Mr Nicholas Larme, Chairman of the NFA Board, Mr Laurie William, other board members and senior officers from both NFA…
The students and teachers of Holy Rosary Primary School, at 6 Mile, NCD kicked off their 2024 academic year on a very high note on Monday 29th January, which saw the students commencing their classes with access to a refurbished ablution block, thanks to BSP Life PNG Limited. Through BSP’s Community Project, BSP Life PNG – the life insurance arm of the business, refurbished the school’s ablution block while the students were away on 2023 end of year break. Prior to this, all students were accessing the girls’ ablution block which highlights the urgent need for improvement. BSP Life PNG…
Prime Minister and Treasurer Hon. James Marape on Monday welcomed the positive update from New Porgera Ltd (NPL) regarding the Porgera mine’s reopening. He conveyed his satisfaction with the announcement that the restart of Porgera is well underway and on schedule, with the first gold production expected in the first quarter of 2024. Expressing his appreciation for the concerted efforts of all parties involved, Prime Minister Marape stated that he wants to assure Papua New Guinea that Porgera mine is fully operational now, with first gold production underway. “This announcement by NPL not only signifies a pivotal phase in the…
New Porgera Limited (NPL) is pleased to announce that the restart of Porgera Mine is progressing well and is on track. First gold production is expected to be achieved in Q1 2024, as planned, and it is also subject to the Highlands Highway continuing to remain open with no further vandalism of project infrastructure. NPL General Manager, Chad Coulin, acknowledged the tremendous effort made by the NPL workforce and the support of the regulator and the Mineral Resources Authority to restart Porgera mine in compliance with the laws of Papua New Guinea (PNG). Following completion under the Porgera Project Commencement…
A young private entrepreneur and community leader in Port Moresby, Mr Ben Dangima has called on the National Government to dig deeper into the current socio-economic facing the nation and urge them to solve it through appropriate policies and legislation amendment in Parliament. A concerned Ben Dangima stated that he was frantically sad to witness the unfolding of protest by disciplinary forces, unprecedented looting, riot in the nation’s capital that resulted in civilian deaths and loss of business the runs into billions of Kina, last week. He added that the Public Servants play an important role in implementing the National…
The Bank South Pacific wishes to clarify key facts regarding media reports about Puma Energy’s decision to lo close its account with BSP, dated Monday 22nd January 2024. Bank South Pacific (BSP) in a statement today said that they had given Puma a 90 days’ notice to close its company account on 9th June 2023 BSP states that the reasons for BSP’s decision are known to the Bank of Papua New Guinea and the Financial Analysis and Supervision Unit and have been communicated to the Government. At the request of the Government, BSP extended the deadline to 8 March 2024…
The CPL board has come out to express its concern regarding the civil unrest and its effects on CPL, with Mr Stan Joyce Board Chairman of CPL Group highlighting that the seriousness of the current situation in PNG and the gravity of its impact. Mr Joyce stated that he is lost for words to describe the senseless criminal acts which have resulted in the destruction of 3 of their shops and the theft of merchandise on a scale never seen before in Papua New Guinea. He added that the rule of law is a prerequisite for operating a business in…
CPL the biggest retail network in PNG, operating since 1987 faced its worst day on Wednesday 10th January 2024. In light of the civil unrest in the Nation’s Capital on Wednesday 10th January 2024, CPL group of Company suffered devastatingly, which saw Stop and Shop Rainbow and Stop and Shop North Waigani looted and burnt down in flames, whilst Stop and Shop Badili and Harbour City looted and destroyed. Despite the devastation faced by CPL Group, Sir Mahesh Patel, OBE, and his team decided to open few of their shops that were not destroyed in the unrest, Stop and Shop…
Some Pacific nations are feeling the bite of El Niño through dry conditions, while others in drought get relief through above average rainfall. The southern Cook Islands has received below average rain for the last six months, despite rain last week. Meteorological Service director Arona Ngari said dry conditions are affecting the whole of the southern group, including Rarotonga. “What is normal for us is about 100 to 200 millimetres of rainfall per month, but that has actually gone well below 50 percent of the norm,” Ngari said. The met office had asked the community to conserve water, he said.…