Prime Minister Hon. James Marape has today (11.12.24) announced his government’s decision to partially privatise PNG Power Ltd amidst Government’s further decision to open up other parts of the country to independent power suppliers. Prime Minister Marape told the PNG CORE Investment Week in Sydney that Cabinet has approved the decision in one of its…

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On the morning of Monday, 9 December, 2024, Prime Minister Hon. James Marape delivered an address of motivation, empowerment and united success under the shadows of business investment in Papua New Guinea, amidst a packed auditorium of Government and Business leaders from PNG and around the world, as he launched PNG Investment Week 2024 at…

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The Government of Papua New Guinea, under the leadership of Prime Minister Hon. James Marape, has initialed a landmark Gas Agreement with Twinza Oil Ltd, the operator of the Pasca offshore gas project. This transformative agreement paves the way for the development of Papua New Guinea’s first offshore petroleum project, located off the coast of…

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Prime Minister Hon. James Marape has lauded the outstanding contributions by the Mining and Petroleum sector of Papua New Guinea towards employment growth and enabling overall economic growth through a resilient approach based on quality-driven mechanisms. Amidst the 2024 PNG Investment Week that is currently underway at the Sydney International Convention Centre, in which Prime…

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Prime Minister Hon. James Marape will deliver the keynote address tomorrow at the PNG Investment Week Conference, held at the Sydney International Convention Centre. This flagship event will highlight Papua New Guinea’s immense investment potential across a variety of sectors, positioning it as a premier destination for global business partnerships. The conference serves as a…

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Prime Minister Hon. James Marape has said the Wafi-Golpu mining and Pasca gas projects are at “advanced, matured stages” of negotiations, with Government very cautious of getting details of the contracts accurate because of its resolve to secure nothing less than 55 percent of the total project economic value over the life of the projects.…

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Prime Minister Hon. James Marape has commended the increase in funding for the Higher Education Loan Programme (HELP) in the 2025 National Budget, reaffirming the government’s dedication to enhancing access to higher education for Papua New Guinean students. The budget allocation for HELP has risen from K52 million in 2024 to K53.08 million in 2025,…

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Prime Minister Hon. James Marape has welcomed significant advancements in Papua New Guinea’s Science, Technology, Engineering, and Mathematics (STEM) education sector, emphasising the government’s commitment to nurturing a technologically proficient workforce. A key component of this initiative is the expansion of overseas scholarship programmes in the 2025 Budget, enabling PNG’s top STEM students to pursue…

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Prime Minister Hon. James Marape has welcomed a significant milestone in the government’s ongoing commitment to empowering Papua New Guineans—the removal of stamp duty for first-time home buyers on properties valued up to K700,000. Prime Minister Marape further welcomed an additional measure to support first-time home buyers: “Next year, we will remove the 10% GST…

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Prime Minister Hon. James Marape has hailed the K2.86 billion allocation to the health sector in Papua New Guinea’s 2025 National Budget as a transformative milestone, particularly highlighting the development of specialised hospitals for heart and cancer care. “This allocation is a testament to our government’s commitment to improving healthcare access and outcomes for every…

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