Loading

International

World Bank Commits to Papua New Guinea’s Fight Against COVID-19

THE World Bank has approved an emergency US$20 million (approximately PGK70m) project for Papua New Guinea (PNG) to provide rapid support the country’s COVID-19 (coronavirus) pandemic response. The emergency support will fund rapid health support for PNG focused on protecting health workers and others in the response effort, helping PNG health authorities quickly scale-up testing capacity, and strengthening public education to combat the spread of the virus. The project, funded

Australia backs PNG’s COVID-19 preparations

THE Australian Government has provided an additional K1.7million to support the Government of Papua New Guinea prepare for and respond to Coronavirus (COVID-19). The funding support will boost the PNG Government’s existing commitment of K45million for COVID-19 response. “The health and safety of all Papua New Guineans is our number one priority. Australia has been an important supporter in helping Papua New Guinea respond to health emergencies,” said  Minister for

PNG Stock Exchange enters MoU with SPX on market development

PNGX Markets Limited (PNGX), Papua New Guinea’s national stock exchange and the South Pacific Stock Exchange (SPX) have signed a Memorandum of Understanding (MoU) to co-operate on the development of their capital markets. The milestone signing of the MoU was undertaken in a ceremony in Suva by PNGX chairperson, David Lawrence and SPX chairperson, Dr Nur Bano Ali. Mr Lawrence said the opportunities for harmonisation presented by PNGX and SPX

PNG LNG supports Society of Petroleum Engineers 2020 President’s visit to PNG

EXXONMOBIL PNG Limited, the operator of PNG’s first liquefied natural gas project, PNG LNG, has sponsore a networking event and executive dinner held at the Port Moresby Hilton Hotel to welcome Shauna Noonan, 2020 President of the Society of Petroleum Engineers (SPE). President Noonan recently visited Papua New Guinea in her capacity as 2020 President elect of the SPE to meet with local engineers and industry leaders as part of a