The name Jiwaka came about when the first two letters of Jimi, Waghi and Kambia were combined to make a portmanteau word. The province shares its borders with the Western Highlands, Chimbu and Madang provinces. It has three districts—Jimi, North Waghi and Anglimp-South Waghi—and two growing towns, Minj and Banz. Jiwaka was formed by an Act of Parliament in 2009. The centre of Jiwaka is the fertile Waghi Valley, which is surrounded by mountains.
The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.
The Porgera gold mine in Papua New Guinea’s Enga Province is a world class gold mine but, as Executive Director for Barrick (Niugini) Ila Temu explains, it is also one of the world’s most difficult mines to operate.
Recent announcements by Australia’s Prime Minister, Scott Morrison, about infrastructure development in the Pacific are troubling, says Stephen Howes, Director of the Development Policy Centre at the Australian National University.
The Gulf to Southern Highlands Highway missing link is set to be funded under the new tax credit scheme, K56 million in royalties for forest landowners, and Geopacific Resources announces the acquisition of the remaining seven per cent of JV with Kula Gold. Your weekly digest of the latest business news.
PNG Air Limited designates a new Company Secretary and Airswift announces its Country Director for Papua New Guinea.
The Asian Development Bank is one of the largest international investors in Papua New Guinea, mainly in infrastructure. One of its six Vice-Presidents, Diwakar Gupta—who is responsible for Private Sector and Cofinancing Operations—tells Business Advantage PNG the bank also has funds to invest in PNG’s private sector—under certain conditions.
Enga is the highest and is the second most rugged province in Papua New Guinea. Most of the province is over 2000 metres above sea level, but there are also many valleys which feed into the two major river systems that drain the province: the Lagaip, a tributary of the Fly River, and the Lai, a tributary of the Sepik River.
New member at Kina Asset Management Limited’s board and Westpac Papua New Guinea appoints a new Chief Executive.
Bougainville’s independence referendum deferral, Papua New Guinea ranked 109 out of 190 in the World Bank’s 2019 Ease of Doing Business Report and possible changes to the Foreign Investment Regulatory Bill. Your weekly digest of the latest business news.