Month: August 2021

Marape Government sets up Sovereign Wealth Fund

August 19th 2021 Prime Minister Hon. James Marape says a sovereign wealth fund (SWF)will be set up as the Government, for the first time ever, has a clear policy on payment of dividends from resource projects. He announced this major breakthrough today when receiving a K100 million dividend payment from Kumul Petrolum Holdings Ltd (KPHL).PM …

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PM Marape: Government wants to make 2022 Election ‘fair and friendly’

August 5th 2021 Prime Minister Hon. James Marape says his Government wants to make the 2022 National Election “fair and friendly to everyone”.He said this today when speaking at the Registry of Political Parties’ Learning and Development Workshop in Port Moresby. The two-day event is being attended by executives of political parties.“Talking about the National …

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PM Marape: UBS inquiry ‘not a waste of time and money’

Approved for Release : August 2nd 2021 Prime Minister Hon. James Marape says the Royal Commission of Inquiry (COI) into the K3 billion Union Bank of Switzerland (UBS) loan is “not a waste of time and money”. He said this in response to criticisms by the Opposition and others on the COI, which was established …

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