by DevNadkarni | Dec 10, 2024 | 2024, Blog, News
Dear APNGBC Colleagues, As we approach the end of the year, I want to take a moment to extend my warmest wishes to you and your families during this festive season. It is a privilege to address you as the President of the Australia Papua New Guinea Business Council,...
by DevNadkarni | Dec 10, 2024 | 2024, Blog, News
In a move to enhance infrastructure development in Papua New Guinea, the Australian Infrastructure Financing Facility for the Pacific (AIFFP), in collaboration with the Asian Development Bank (ADB) and the World Bank, conducted an intensive training workshop for PNG...
by DevNadkarni | Dec 9, 2024 | 2024, Blog, News
Australia has unveiled a $75 million initiative, REnew Pacific, to accelerate the adoption of renewable energy across Pacific nations and Timor-Leste, as announced at COP29 in Baku, Azerbaijan. This programme aims to enhance energy security and support the region’s...
by DevNadkarni | Dec 9, 2024 | 2024, Blog, News
Papua New Guinea’s economic outlook has shown a marked improvement, buoyed by recent statements from Prime Minister James Marape highlighting key positive trends. Indicators such as GDP growth, stabilised inflation rates, and improved foreign exchange availability...
by DevNadkarni | Dec 9, 2024 | 2024, Blog, News
Papua New Guinea’s mining industry, a key pillar of the nation’s economy, has been given a new lease on life with the recent approval of 44 mining tenements by the Minister for Mining, Hon. Wake Goi. The move marks a decisive step by the government to rejuvenate a...
by DevNadkarni | Dec 9, 2024 | 2024, Blog, News
Santos, alongside project partners TotalEnergies and ExxonMobil, is gearing up for a critical decision on the $15 billion Papua LNG project by late 2025. This ambitious undertaking aims to harness the Elk-Antelope gas fields in Papua New Guinea’s Gulf Province,...
by DevNadkarni | Dec 9, 2024 | 2024, Blog, News
A recent investigation has underscored the significant environmental and safety hazards posed by the abandoned Panguna copper mine in Bougainville, PNG. The mine, once a major operation under Rio Tinto, has left a legacy of unresolved issues following its closure in...
by DevNadkarni | Nov 8, 2024 | 2024, Blog, News
The Commonwealth Business Forum (CBF) 2024, held in Apia, Samoa on 23–24 October as part of the Commonwealth Heads of Government (CHOGM) and associated meetings, marked a landmark event as the first such forum of Commonwealth countries hosted by a Pacific country (the...
by DevNadkarni | Nov 6, 2024 | 2024, Blog, News
The Asian Development Bank (ADB) has approved a substantial $140 million financing package aimed at upgrading Air Niugini’s fleet. This investment marks a significant step in modernising Papua New Guinea’s (PNG) national carrier, reinforcing the nation’s connectivity...
by DevNadkarni | Nov 6, 2024 | 2024, Blog, News
Papua New Guinea’s energy crisis remains one of the country’s most critical barriers to economic growth, a theme that was at the forefront of Minister for International Trade and Investment, Hon. Richard Maru’s address at the recent Petroleum and Energy...
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