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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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PM Marape invites mining, oil and gas investors to PNG

DECEMBER 1 2021 Prime Minister Hon. James Marape says Papua New Guinea has never been an “uncertain place of investment”. He said this in Port Moresby on Wednesday (December 1 2021) when virtually addressing the 2021 PNG Mining and Petroleum Conference & Exhibition in Brisbane. “We are an oil, gas and mining nation,” the Prime

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PM Marape hails 2022 Budget as ‘milestone budget’

NOVEMBER 30 2021 Prime Minister Hon. James Marape has described the K22 billion 2022 Budget which was passed without objections by Parliament tonight as a “milestone budget”. The Budget was passed by Parliament with no objections after a marathon debate in which Opposition MPs had the chance to air their views, unlike the previous government

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