PNG News, Wherever You Are
In providing an update on the status of commodity boards, Agriculture Minister Benny Allan again reaffirmed the commitment of the government to commodity boards to ensure leadership within respective agricultural industries.
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Following the announcement of its 2018 Full Year Results to the markets, Bank South Pacific held a briefing with media and investors yesterday, March 4th, to explain the performance of the PNG-based financial entity over the last 12 months.
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The owner of a public toilet property in Lae told EMTV News that the shops in his area will continue to operate, despite being given a closure notice by the Lae City Council last week.
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Kina Securities Limited today reported a strong performance for the 12 months to 31 December 2018.
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Exxon Mobil Corp is trying to block an investor proposal that calls on the world’s largest publicly traded oil company to set targets for lowering its greenhouse gas emissions, two of the investor groups involved said on Sunday.
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President Donald Trump said on Sunday he would delay an increase in U.S. tariffs on Chinese goods thanks to “productive” trade talks and that he and Chinese President Xi Jinping would meet to seal a deal if progress continued.
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He said PNG is a difficult country to govern and as coalition partners, the relationship of both parties has stood through the test of times assuring the Prime Minister that as far as the United Resource Party is concerned, it will continue to stand firm with the Prime Minister to make PNG’s development goals a reality.
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An initiative created by like-minded young Papua New Guineans to reduce poverty in Papua New Guinea, has seen the launching of the Panda Gas distributor last Friday at Wabag in Enga Province.
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Australian thermal coal prices have fallen to their lowest since April 2018 as a slowdown in Chinese imports dents demand for the commodity.
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Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output in March by an additional 500,000 barrels.
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American whiskey makers are feeling the pain after their major overseas markets imposed hefty duties on their liquor in retaliation against President Donald Trump’s tariffs on aluminum imports.
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U.S. President Donald Trump said on Tuesday that he could let the March 1 deadline for a trade agreement with China “slide for a little while,” but that he would prefer not to and expects to meet with Chinese President Xi Jinping to close the deal at some point.
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During the visit, the Board will share with government and other stakeholders, details of ADB’s emerging Strategy 2030 and other development programs.
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While Mayur Resources is commonly associated with Coal prospecting in the country, the Australian company is also looking to Cement and Limestone.
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Prime Minister Jacinda Ardern said on Friday that trade tensions between the U.S. and China, which is New Zealand’s top trading partner, could affect exporters in the country and hurt its economy.
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