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PM Marape commends BSP for giving K119.9 million SME loans in 2021

DECEMBER 23 2021 Prime Minister Hon. James Marape has commended Bank South Pacific for disbursing 830 Small to Medium Enterprise (SME) loans worth K119.9 million up to December 21, 2021. This money is from the Marape Government’s K200 million SME Credit Enhancement Loan Scheme (SME CESL), K100 million of which had been given to BSP. […]

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PM Marape:Taxation revenue target exceeds K200 million

DECEMBER 23 2021 The Internal Revenue Commission (IRC) exceeded its original revenue target for 2021 amid subdued economic conditions. In a small ceremony signifying the added effort, Commissioner-General Sam Koim presented a cheque of K200 million to Prime Minister Hon James Marape at the Sir Manasupe Haus today. The IRC has now transferred K8.302 billion,

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Tax collection hits record K8.1 billion in 2021

DECEMBER 20 2O21 THE Marape Government’s investment in reinvigorating the Internal Revenue Commission (IRC) is paying off with a revenue collection of a record K8.1 billion this year 2021 despite a challenging economic environment brought on by COVID-19. This became clear during Prime Minister Hon. James Marape’s address when he spoke today at the launch

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Kumul Petroleum delivers over K550 million in LNG dividends

DECEMBER 15 2021 THE Papua New Guinea Government and five PNGLNG-impacted provincial governments as well as landowners yesterday (December 14 2021)received a whopping K551.82 million through the country’s leading oil and gas company, Kumul Petroleum Holdings Limited (KPHL). Prime Minister Hon. James Marape was presented a cheque of K200 million on behalf of the State

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PNG has potential to become ‘huge’ producer of green products

DECEMBER 5 2021 PAPUA New Guinea has “the potential of becoming a huge producer of green products for the world” with 19 gigawatts of power already estimated out of the Purari , Kikori and Strickland hydro potentials and the West New Britain geothermal projects, Prime Minister James Marape has been told. Chief Executive Officer of

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