Economy

Oil Palm Minister commits to growth of industry in Oro Province and Papua New Guinea

Agriculture, Economy, Employment, News, Oro / By

Popondetta, March 6, 2024 – Oil Palm Minister Hon. Francis Maneke reaffirmed the commitment of the Marape Pangu Pati Government to bolster the oil palm industry’s growth in Oro Province and Papua New Guinea. Minister Maneke made this statement on Wednesday, March 6, 2024, in Popondetta while launching the Government Intervention Replant Programme. The event …

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Papua New Guinea marks a new era in agriculture: High-quality taro export initiative launched

Agriculture, Economy, Employment, Lae, Morobe, News / By

LAE, March 3, 2024 – Agriculture Minister Hon. John Boito says Papua New Guinea (PNG) has reached a significant milestone in its agricultural sector. The country is now poised to export high-quality taro to international markets, a move set to enhance the national economy and open new opportunities for local farmers. The announcement came during …

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Changes in departure requirements for travel to Australia

Air Niugini, Australia, Aviation, Economy, Tourism PNG, Uncategorized / By

APRIL 5 2022 Air Niugini is pleased to advise travellers to Australia that from Tuesday 05th July they are no longer required to complete the Australia Digital Passenger Declaration (DPD), nor will they be required to produce Covid-19 Proof of Vaccination at check-in. Likewise, PNG citizens who have chosen not to be vaccinated are also …

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PM Marape: Those responsible for K900 million loss to be prosecuted

Economy, Liquified Natural Gas (LNG), Prime Minister James Marape / By

APRIL 20 2022 Prime Minister Hon. James Marape says the Government will prosecute all those responsible for almost K1 billion losses to Papua New Guinea, including former prime minister Peter O’Neill. He said this after today’s (April 20 2022) landmark session of Parliament in which he presented the report on the Commission-of-Inquiry (COI) into the …

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Easter blessings for people of Maramuni

Agriculture, Economy, Enga, Photographs, Prime Minister James Marape, Road Transport, Tourism PNG / By

APRIL 14 2022 This Easter, for the first time ever, the people of remote Maramuni in Enga will be able to travel to and from provincial capital Wabag for their goods and services. It is something that the people of this forgotten part of Papua New Guinea have not been able to do since Independence …

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PNG collects low tax from mining and petroleum companies, says Asian Development Bank

Asian Development Bank, Economy, Tax / By

APRIL 7 2022 The Papua New Guinea tax take from mineral and petroleum companies is notably low, according to the Asian Development Bank’s Asian Development Outlook (ADO) 2022, which was released on April 6, 2022. “Only 7.0% of all tax revenue in 2019, equal to 0.6% of GDP, came from mining and petroleum companies in …

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Agriculture, forestry, fisheries grow by 3.7% in 2021

Agriculture, Asian Development Bank, Economy, Fisheries, Forestry / By

APRIL 7 2022 Agriculture, forestry, and fisheries expanded by an estimated 3.7% in 2021, according to the Asian Development Bank’s Asian Development Outlook (ADO) 2022 released on April 6, 2022. The ADO said this largely reflected recovery from a low base in 2020, when output was hampered by lockdowns and trade bottlenecks. “Increased production of …

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Asian Development Bank: PNG economic growth to be 3.4% in 2022 and 4.6% in 2023

Asian Development Bank, Economy, Liquified Natural Gas (LNG) / By

APRIL 6 2022 Economic growth in Papua New Guinea is expected to accelerate steadily to 3.4% in 2022 and 4.6% in 2023 as activity in mineral extraction picks up and more normal global economic conditions return, according to the Asian Development Bank’s Asian Development Outlook 2022 (ADO) released today (April 6 2022). “The Porgera gold …

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