Category: Business
Airline, tourism authority to promote PNG
AIR Niugini and the Papua New Guinea Tourism Promotion Authority (PNGTPA) will promote the country as a tourist destination over the next two years, with a funding support of K1.5 […]
Duma pleased with OTML workers and management
By NATHAN WOTI STATE Enterprises Minister William Duma says Papua New Guineans have the capability and capacity to perform anywhere in the world and be leaders in their respective fields. […]
Oil palm remains one of the country’s biggest earners
The oil palm industry generates about K2.5 billion annually and remains the country’s biggest earner as far as cash crops are concerned. Oil palm became a commodity in 1960, and […]
Value-adding process of coffee, cocoa, oil palm seen as a worry
By NATHAN WOTI THE value-adding process of coffee, cocoa, and oil palm can reduce the value of the product and impact pricing, according to an economist. Institute of National Affairs […]
K10mil committed to build rubber factory in Abau
THE Government has committed K10 million to build a rubber factory at Upulima, Central, which is expected to create jobs in Abau. Papua New Guinea Rubber Board chairman Josephine Kenni […]
Gold investor acquires firm, praises PNG for potential
By NATHAN WOTI THE Make Great Pacific Gold Company has taken over Tinga Valley Copper and Gold Corporation which has a sizable exploration licence in Papua New Guinea. Canadian investor […]
Act to be amended for benefits
By NATHAN WOTI THE Government will amend the Mining Act to ensure accountability and transparency in the mining industry, and to receive 10 per cent royalty at the start of […]
Lihir cocoa production slowly picking up
By MAJELEEN YANEI COCOA production in New Ireland’s Lihir is slowly picking up with the volume of cocoa beans bought monthly rising, says a local government official. Nimamar local level […]
Women’s Micro Bank establishes Kerema branch
THE Gulf government has given K2 million to the Women’s Micro Bank for local women entrepreneurs to access for business start-up loans. This funds will be accessible through the new […]
Authority hails Ok Tedi
THE Mineral Resource Authority (MRA) has hailed Ok Tedi Mining Limited (OTML) for passing all the requirements in the process of attaining its Special Mining Lease licence and supporting tenements. […]