Day: February 5, 2024
Improve existing systems
HIGHER Education Minister Don Polye was reported by the media last week to have made a bold statement that he will lead PNG education in artificial intelligence (AI). He said […]
ABG grants extension
THE Autonomous Bougainville Government (ABG) has granted the Bougainville Copper Limited (BOC) a five-year extension of the company’s exploration licence for the Panguna project in Central Bougainville. This will begin […]
Marape attends opening of hotel’s stage two residence
By MAX ORAKA THE Hilton Hotel Port Moresby opened its stage two residence last week – a project carried out by Star Mountain Plaza under a partnership with the Mineral […]
PNG coffee to be assessed
PAPUA New Guinea will have its coffee land assessed as being deforestation free as per the requirement of the European Union deforestation regulation. This is ensure that PNG does not […]
Minister gives K756,000 in cheques to oil palm firms
By PETER ESILA OIL Palm Minister Francis Maneke handed over cheques totalling K756,000 to two companies to assist oil palm smallholders in the Hoskins and Bialla project, West New Britain, […]
KPHL pays K1.3bil for equity stake in Santos
THE Kumul Petroleum Holdings Limited (KPHL) paid Santos US$352 million (about K1.3 billion) on Jan 31 as part-payment of the purchase of additional equity in the PNG LNG Project. KPHL […]
President reaffirms need to follow process on licence acquisition
PRESIDENT of the Autonomous Region of Bougainville Ishmael Toroama says progress on the Bougainville copper project hinges on obtaining the necessary licences. He said this after granting the Bougainville Copper […]
Financial training to be run in NCD schools
By ZARA KANU LEBO FINANCIAL literacy training for schools in the National Capital District to begin the middle of the year will be run by Cufa International. The non-governmental organisation […]
Samarai-Murua MP Leonard hands over cheque for K1mil to Micro Bank
By MAX ORAKA SAMARAI-Murua MP Isi Henry Leonard handed over K1million to the Women’s Micro Bank (Mama Bank) last week in Port Moresby to allow the district to access loans […]
IRC agrees to waive PDIs
THE Internal Revenue Commission (IRC) has agreed that depository interests (PDIs) be a pass-through arrangement for income tax purposes. This means that PDI holders will be taxed on any dividend […]