President of the Autonomous Region of Bougainville, Ishmeal Toroama, expects the Papua New Guinea (PNG) Government to take ownership and endorse independence in this 11th parliament. During the Joint Moderation Consultation today, Mr. Toroama thanked the National Government for inviting the signatories to the Peace Agreement to witness the opening ceremony of this moderation, stating that as one of the key negotiators in those days, he still remembers, that they never argued to implement their part of the bargain, and he still remembers that he had to meet the BPA commitments as his part of the bargain. “And in the…
Author: Maxine KAMUS
The National Superannuation Fund limited (Nasfund) who reached the K8 billion milestone still remains cautious of the PNG economy in their short- and medium-term outlook. Nasfund Chairwoman Tamzin Wardley stated that confidence and performance will be underpinned by a projected recovery in the extractive sector. Ms. Wardley said Nasfund as an investor and landlord sees extraordinary, improved performance when the country’s resource projects are operational, as it improves the property portfolio in terms of value and rental income and increase contributions due to a large work force. “Throughout the year, while there were economic challenges, it’s important to recognize the…
PNG Power officially launches and commission Generator #1 at the Gagidu Powerhouse in Finschhafen in Morobe Province. PPL Acting Business Manager Mr. Ari Kondua stated that it is both a privilege and joyous occasion to celebrate a monumental achievement for PNG Power Ltd and the vibrant Finschhafen community to officially launch and commission Generator #1 at the Gagidu Powerhouse. Mr. Kondua said that it is a significant step forward in their shared vision for a brighter and more sustainable future. “The Gagidu Powerhouse initially comprised 4 machines with a combined output capacity of 600KWs, though only 280 KWs was available.…
During question time in Parliament yesterday, Chuave MP James Nomane raised concerns about the allocation of districts fund to districts like North Fly. Prime Minister Marape when responding, reaffirmed that government spending has been conducted equitably across the country. “We are ensuring that funding is distributed fairly, and no district is left behind. Every member can verify that their districts have received funding in accordance with our budget allocations” he assured Parliament. PM Marape explained that while funding for some commitments may have been delayed due to structured budget disbursements, it does not mean that the Government has neglected any…
Prime Minister James Marape has commended the historic appointment of Francesca Semoso, Member for North Bougainville, as the first female Member of Parliament to preside over a parliamentary session as Assistant Speaker. Mr. Marape hailed this milestone as a significant advancement for gender representation in Papua New Guinea’s political landscape. “After 50 years, this is a defining moment for our Parliament and our country. MP Francesca Semoso’s appointment is not just an achievement for women in politics but a testament to our commitment to diversity, inclusivity, and equal representation in leadership,” PM Marape stated. He further emphasized the importance of…
The Minister for Works and Highway, Solan Mirisim has been questioned about the Roads in Ijivitari District and Eastern Highland Province by Member for Ijivitari and Member for Kainantu on their funding to construct and fix up the roads in the district and province. Member for Ijivitari David Arore raised two questions, which are when will the Ministry of Works and Highway release the funding for the roads in his district and who will compensate the landowners that will be affected by the construction of the road that will go through their lands, gardens or houses. Mr. Arore stated that…
Prime Minister James Marape provided a detailed response in Parliament to a supplementary question from Chuave MP James Nomane regarding the Government’s borrowing and fiscal management. The question centered on how government departments were funded in 2024 despite revenue shortfalls, why the Government borrowed K3.9 billion last year, and whether commitments made to districts—including North Fly. In his response, Prime Minister Marape stressed that all borrowing was carefully planned and managed within the fiscal framework, ensuring responsible debt management while maintaining essential government services. “The K3.9 billion borrowed last year was not reckless. It was part of our structured financing…
The final report of Investigation into the East New Britain Resource Group was presented at Parliament by Minister for International Trade and Investment Richard Maru. The Investigation is about the East New Britain Resources Group’s (East New Britain Palm Oil Limited, Tzen Niugini Limited and Tzen Plantation Limited) and their dealings and business conduct towards the local oil palm growers in East New Britain Province. Minister Maru said this is a very important investigation for the Government and it is the first time in the country’s history that the Government is investigating the price of oil palm upon receiving complaints…
CPL Group, through its retail chain brand Stop & Shop, has donated 40 cartons of City Pharmacy water to the National Office of Child & Family Services. The donation, made on Wednesday, 12 March 2025, demonstrates CPL Group’s commitment to supporting community initiatives that safeguard the well-being of Papua New Guinea’s children. CPL Group stated that the water donation will be utilized during community outreach programs and awareness activities aimed at promoting child protection and family welfare. “By providing essential resources, CPL Group is contributing to the collective effort to protect vulnerable children and strengthen family services across the nation,”…
The National Superannuation Fund (Nasfund) is pleased to announce its audited results for the year 2024, continuing to deliver strong financial performance and positive returns for over 715,000 members. The fund will be paying an interest crediting rate of 11.75 percent which amounts to K839 million for the 2024 financial year that will be allocated to over 715,000 member accounts this weekend, reinforcing the Fund’s commitment to growing members’ savings despite economic challenges. Nasfund Chairwoman, Tamzin Wardley stated that the audited financial results were approved by the Trustee board on March 13, 2025. “Reporting New Asset Value (NAV) of K8.1…