Kumul Minerals Holdings Limited (KMHL) has confirmed the payment of K150.75 million in dividends to the State for the 2023 fiscal year, a significant achievement…
Newmont Announces Bronze Sponsorship for GEE 2024 Conference
Newmont Corporation has officially announced its Bronze category sponsorship of the Geoscience, Exploration & Extraction Conference (GEE) 2024, set to take place from August 7-9.…
Balancing Tax Burden And Revenue Growth: The IRC’S Practical Approach
Papua New Guinea’s tax system has been a challenge for years, with taxpayers shouldering a heavy burden and concerns about maintaining revenue. The Independent Revenue…
Steamships Welcomes New MD As Chris Daniells Takes the Helm
Steamships Trading Company Ltd. (Steamships) has announced the appointment of Mr. Chris Daniells as its new Managing Director, effective Monday, July 1, 2024. Mr. Daniells…
OilMin Secures K79 Million Seismic Contract with Kumul Petroleum, Boosting PNG’s National Content Development
Today Kumul Petroleum Holdings awarded a contract to OilMin Holdings Limited to carry out seismic work in two petroleum retention licences where KPHL is the…
Khwima Nthara Appointed World Bank Group Country Manager for Papua New Guinea
The World Bank Group has announced the appointment of Mr. Khwima Nthara as its new Country Manager for Papua New Guinea (PNG), a position that…
Kumul Petroleum presents K1 million towards Mulitaka Disaster Relief
Kumul Petroleum Holding Limited has made a significant contribution to the ongoing disaster relief effort in Mulitaka, Enga Province, by presenting a cheque for K1…
PNG Makes Strides Towards Stronger Credit Rating, Boosting Economic Prospects
Minister Assisting the Prime Minister on Treasury matters Ian Ling Stucky has reported an improved credit rating for Papua New Guinea from a negative B2…
PanAust Delegation Holds Talks with PNG Prime Minister on Sepik Development Project
A delegation from PanAust recently met with Papua New Guinea Prime Minister James Marape to discuss the economic implications of the Sepik Development Project. The…
Bank of Papua New Guinea Forecasts Inflationary Pressures for 2024
The Bank of Papua New Guinea has released its Monetary Policy Statement for Quarter 1 2024, projecting an increase in inflationary pressures for the year…