PNG POWER LTD ANNOUNCES THE RECOMMISSIONING OF THE MOITAKA POWER STATION

/ May 30, 2023 / No Comments
PNG Power Limited (PPL) is pleased to announce the recommissioning of the Moitaka Power Station. The Moitaka Power Station was established in 1980 and has been a reliable source of electricity in Port Moresby for several decades until it was decommissioned in 2019 after several Independent Power Producers (IPP) were introduced into... more →
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Prime Minister Marape meets with President of Republic of Korea H.E Yoon Suk Yeol

Marape - Korea Leader
/ May 29, 2023 / No Comments
Approved for Release: Monday, 29th May 2023 Prime Minister Hon. James Marape has had fruitful discussions with the President of the Republic of Korea, His Excellency Yoon Suk Yeol on the margins of the inaugural Korea-Pacific Islands Summit on May 28, in Seoul, Korea. The Prime Minister was accompanied by the Minister for International... more →
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PNG EYES STRONGER ECONOMIC RELATIONS

/ May 29, 2023 / No Comments
Prime Minister, James Marape is considering a stronger economic relations between Republic of Korea and Papua New Guinea as he is attending the first two-day Korea-Pacific Islands Summit in Seoul today May 29-30. PM Marape will also be having a bilateral meeting with Korean President H.E. Yoon Suk Yeol. This follows Monday’s... more →
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Funded by Taxpayers, Not by Politicians: PNG’s Tax Chief Urges Media to Highlight the Real Source

/ May 29, 2023 / No Comments
“In this world, nothing can be said to be certain, except death and taxes” as Benjamin Franklin once stated As certain as it is, tax, is one topic that certainly intimidates many, even the most learned. And that is how the Commissioner General of IRC, Sam Koim, started his recent address at the PNG National Press Club... more →
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Learn from Fiji: CPL founder

/ May 22, 2023 / No Comments
The National Business By PETER ESILA A LONG-time Papua New Guinea long-time businessman says public utilities must support the growth of business in the country. City Pharmacy Ltd Group founder Sir Mahesh Patel said issues like power and water supply as well as security were a constant cost for businesses. Sir Mahesh said this on... more →
Posted in: Fiji, Papua New Guinea Tagged with: , , ,

Economic, geopolitical risks present worldwide: BSP

/ May 22, 2023 / No Comments
The National Business THE world is continuing to present economic and geopolitical risks that impact almost every country, a bank executive says. Bank of South Pacific Financial Group Limited (BSP) chief executive officer Mark Robinson said during the BSP annual general meeting in Port Moresby on Friday that this included higher... more →
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Mismanagement Challenges Facing Air Vanuatu and Vanuatu Rural Development Bank: Suggestions for Restructuring and Partnerships

/ May 18, 2023 / No Comments
Vanuatu is a stunning archipelago situated in the South Pacific. However, its government statutory entities, particularly Air Vanuatu and Vanuatu Rural Development Bank (VRDB), are facing challenges due to mismanagement issues that have resulted in poor performance and financial instability over the years. It is essential to... more →
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High social, environmental standards seen as key

/ May 18, 2023 / No Comments
PAPUA New Guinea needs to ensure high social and environmental standards in the resource sector, says Institute of National Affairs executive director Paul Barker. Barker said projects invariably hade impacts, both in extraction and waste management. “PNG’s natural environment is internationally recognised, including the need... more →
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Forex shortage worrisome

/ May 18, 2023 / No Comments
May 17, 2023 – The National Business By DANIEL EALEDONA PAPUA New Guinea’s foreign exchange shortage is causing higher imports and low exports, an economist says. Australia National University (ANU) Development Policy Centre director Professor Stephen Howes speaking at the 38th Australia-PNG Business Forum and Trade Expo... more →
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