Puma Energy is taking a step to reduce the size of its operations and fuel supply proportionate to the capacity of its remaining banking channels. As part of this process, Puma Energy has begun to issue termination notices to customers and will aim to negotiate contract with new terms for lower volumes. In the meantime, remaining fuel stock in PNG will be allocated to emergency services and critical infrastructure as a priority until a long term, viable solution can be put in place to return the business to its full scale. Puma Energy’s decision to reduce its business in PNG…
Author: Kerebi DAVID
Former Prime Minister, and Member for Ialibu Pangia, Peter O’Neill, highlighted the series of questions he asked Prime Minister today on the floor of parliament relating to the Connect PNG Project. This was said during a brief conference today held by the Opposition. O’Neill said he tabled the Integrated Financial Management System payments totalling to almost K1.96 billion of contracts and payments made to various companies and institutions and asked PM Marape to disclose his relationship with the company owners. O’Neill expressed disappointment that PM James Marape in his usual manner had tried to deflect and avoid the question on…
The case of prominent lawyer Paul Paraka, slapped with a 20-year prison sentence by the National Court for misappropriating K162million of State monies, has been labelled as “biggest scandal in Papua New Guinea”. Former Attorney-General Kerenga Kua, who recently held the portfolio of Petroleum Minister in the Marape-Rosso Government, stated this in an exclusive interview with PNG HAUSBUNG. Paraka was sentenced on October 2023, and transported immediately to Bomana Correctional prison just after his sentence. He is the owner of one of the oldest Papua New Guinea (PNG) law firms, which at one time was the biggest and most prestige…
The eastern parts of New Ireland Province were recently hit hard by high surges of King tides around mid January this year and has caused massive destructions to villages along the coastline. New Ireland Provincial Disaster Manager Mr Terence Taisa confirmed this, stating that this is the 3rd biggest disaster to hit New Ireland Province in recent years. Mr Taisa said due to Climate change effects, Island provinces have been the most affected and New Ireland province was hit with drought, typhoon and now king tides and it is very sad because there is basically no disaster plan in place…
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…
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…