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Marape says the government is boosting infrastructure spending across PNG

Prime Minister James Marape has said his government has raised vital infrastructure expenditure across Papua New Guinea. He made his comments while launching the Manus Special Economic Zone (SEZ) and opening the K101.9 million Momote International Airport. Marape said that the boost in spending would benefit all regions of the country. He added that other developments included K10 million being set aside to construct headquarters for the SEZ; the National

Santos highlights the company’s portfolio of growth projects

Kevin Gallagher, the managing director and chief executive officer of Santos, has highlighted his company’s portfolio of high-quality growth projects. He also talked about the current global energy situation and likely scenarios for the future. “We will be disciplined in taking further final investment decisions, ensuring that projects like Dorado, Pikka, Narrabri, Bayu-Undan CCS, Papua LNG, and others fit with our strategy and meet our commercial and economic hurdles. This

PM Marape says PNG shocked at passing of Deputy PM Basil

Papua New Guinea is shocked and saddened at the tragic passing of Deputy Prime Minister, Transport Minister and Bulolo MP Hon. Sam Basil after a road accident along the Bulolo Highway on Wednesday night. We pray for God’s Hand on the country at this sad time. VIDEO: PM Marape’s press conference on the passing of DPM Basil. Police Commissioner David Manning and United Labour Party Deputy Leader Hon. Lekwa Gure

Telco tower sharing is still under discussion

Discussions between Telikom PNG, Vodafone, and Digicel on the subject of sharing mobile towers are still ongoing. The chairman of Vodafone PNG, Kalpana Lal, said the company had initiated talks about the possibility of leasing towers and sharing with Telikom/BeMobile and Digicel, but no agreement had been reached. Consequently, Vodafone had built its own towers. “However, we remain open to further discussion if the incumbents in the market are amenable

IPA sees a significant rise in PNG business registrations

The Investment Promotion Authority (IPA) has noted a significant increase in the number of businesses registering in Papua New Guinea over the last three years. According to Clarence Hoot, the managing director of the IPA, the rise in registrations began when the pandemic reached the country. Mr Hoot said, “We are slowly seeing registration of businesses, especially from international investors and international businessmen and women, we are coming back from

Toroama stresses the importance of economic development plans

In parliament recently, the President of the Autonomous Region of Bougainville, Ishmael Toroama, stressed the importance of hastening the region’s internal economic development plans. “As Bougainville continues to make great headway in its political development, we must also ensure that our socio-economic development is on par with our independence ready mission,” Toroama said. “We already have several high impact projects that this government is initiating, but we are yet to

Kumul hosts ground-breaking ceremony for fabrication facility and academy

Kumul Petroleum Holdings Limited recently held a ground-breaking ceremony outside Port Moresby, near the LNG plant at Caution Bay. The event was for a new Steel, Mechanical, and Piping (SMP) module fabrication facility and also for a construction training academy. Wapu Sonk, the managing director of Kumul Petroleum, said his company was establishing a world-class SMP Module fabrication facility as part of preparations for the development of LNG and mining

Remote In Water Surveys for PNG

Melanesian marine services company, Pacific Towing (PacTow), has conducted In Water Surveys (IWS) in Papua New Guinea for more than 10 years. Certified by multiple international survey companies for the supply of IWS of ships and mobile offshore units in the oil and gas sector, PacTow has recently introduced a ‘live video feed’ component to their IWS service.  The majority of IWS’s performed by PacTow’s commercial dive team (also Melanesia’s

International shipping rates have risen since 2020

According to statistics from the Independent Consumer and Competition Commission (ICCC), international shipping rates for containerised and general cargo have risen dramatically since 2020. This has had a noticeable effect on the price of domestic products. The sharp rise in prices for maritime freight was primarily caused by the Covid pandemic and trade imbalances. This consequently resulted in international container shortages. Paulus Ain, the commissioner and CEO of the ICCC,

Earnings from alluvial gold mining exports rose in 2021

Jerry Garry, the managing director of the Mineral Resources Authority, recently stated that alluvial gold mining export revenues rose from K300 million to K640 million last year. Mr Garry made the announcement at a farewell event for Mining Minister Johnson Tuke. “In 2019, the highest total mineral export revenue was K16.4bn from the mining sector from K11.2bn previously,” Mr Garry said. “The mining sector is really compatible with LNG, who