Petroleum Resource Kutubu (PRK) presented a mock cheque of K120 million- to mark the completion of its legacy taxes. PRK’s had tax disputes since 2011, and in 2019, all of these issues were resolved, resulting in a total tax liability of K120,758,504. Given that this was a considerable amount to pay, the Commissioner General placed them on a structured payment plan based on their cash flow. The final monthly repayment was made in January 2023, marking the complete settlement of the debt. PRK is a subsidiary of Mineral Resources Development Company (MRDC). It was incorporated in 1989 under the Companies…
Author: PNG Haus Bung
After appearing in 30 top-flight games in a season which stretched over 10 months for him last year, James Fisher-Harris could have been forgiven for thinking about giving this week’s NRL Harvey Norman All Stars clash a miss. In total the 27-year-old’s workload last year included over 4300 running metres and 908 tackles, as he helped the Panthers to a second-straight Telstra Premiership title, in addition to earning representative honours with the Māori All Stars and Kiwis. But Fisher-Harris, who will co-captain the Māori on Saturday alongside fellow big man Joseph Tapine, said the thought of sitting out the 2022…
PNG Power and Puma Energy have come to a mutual understanding that will ensure power supply is restored in most of its centres who rely on diesel fuel to run its power stations. Puma reached out to the PNG Power management to resolve the issue despite the large amount of outstanding payments due from PPL. Puma has agreed on an exceptional basis to release further fuel supply to PNG Power starting today and for the rest of the week. This is to ensure power supply is restored fully for our valued customers, the general public and the business community in…
The SunRice Group and the PNG University of Technology recently commemorated the development of eight hectares of land given as a training farm for participants of Trukai’s Smart Farmer Program. The ground-breaking ceremony was officiated by SunRice Group’s CEO Rob Gordon, Trukai Industries’ CEO Alan Preston and Unitech’s Acting Vice Chancellor, Dr. Garry Sali. Trukai Industries is a subsidiary of the SunRice Group which owns two-thirds of the company with the remaining shares held by the people of Papua New Guinea through the Melanesian Trust Services Limited who manage the Pacific Balanced Fund. SunRice Group CEO Rob Gordon was grateful…
The PNG National Rugby League Competition (PNG NRLC), yesterday confirmed the 12 teams that will be participating in the 2023 season of its flagship competition, also known as the Digicel Cup. The highly anticipated announcement comes after months of deliberation with key stakeholders and the Board of the PNG NRLC. PNG NRLC Board Director, Lorna McPherson confirmed the participation of 11 franchises from the 2022 competition, noting the exclusion of Jiwaka franchise, Waghi Tumbe, and announcing the inclusion of the new franchise, the Sepik Pride. The 2023 participating teams are: ● Kroton Hela Wigmen ● Agmark Rabaul Gurias ● PRK…
On behalf of the Cricket PNG Board & Chairman Michael Harrison, we are pleased to announce the Final Selection Squad of the Cricket PNG Men’s Academy (The CPNG Academy feeds the Barramundis and Lewas and is a step above the Under 19 Squad) and the Kumul Petroleum PNG Lewas Women’s Cricket Team participating in the Pacific Island Cricket Challenge (PICC) 2023 that will be Co-Hosted by Australian Defence Force Cricket and Cricket Fiji in Suva- Fiji from the 05th -18th of March 2023. The Teams competing in the tournament are: Papua New Guinea, Fiji, Samoa, Vanuatu, The Cook Islands, New Caledonia and The ANZAC…
Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes. In a memo to employees, Zoom’s CEO Eric Yuan said the layoffs would impact every part of the organization. Yuan also said he and other executives would take a significant pay cut, after acknowledging he made “mistakes” in how quickly the company grew during the pandemic. “As the CEO and founder of Zoom, I am accountable for these mistakes and the actions we…
The discovery of 81 bales of cocaine will land a “major financial blow” to illegal drug market, Police Commissioner says. New Zealand authorities have intercepted more than three tonnes of cocaine from a vessel in the Pacific Ocean. A media conference is being held at Police National Headquarters detailing the bust. Operation Hydros – a joint mission by police, Customs and the Defence Force – seized 81 bales of the drug, totalling 3.2 tonnes, with an estimated street value of half a billion dollars. The shipment is destined for destruction, having since made the six-day journey back to New Zealand…
H.E. Grand Chief Sir Bob Bofeng Dadae,, Governor General of Papua New Guinea, has received congratulatory messages on his recent re-election as Vice Regal for a second term. Resident heads of missions and representatives recently paid Courtesy Calls on the Governor General Grand Chief Sir Bob Dadae to convey congratulatory messages on behalf of their countries and Governments. Representing the Embassy of the People’s Republic of China, Ambassador Zeng Fanhua conveyed a congratulatory message from the President of China Xi Jinping. “PNG was among the first Pacific Island countries to establish diplomatic relations with the People’s Republic of China, and…
Twenty-Five (25) young people in Port Moresby have just concluded three months of volunteer work with the National Airports Corporation through its Airport Ambassador’s Program at Jacksons International Airport. The Airport Ambassadors as they are called have been providing much needed assistance within the Jacksons Domestic and International Terminals between November 2022 and January 2023 which is the busiest period at Jacksons International Airport as many passengers travel in and out for the holidays. The three months was also an opportunity for them to learn some aspects of airport operations and its role in the aviation industry. In a small…