The Prime Minister James Marape has put on notice CEOs and Heads of state owned entities to come up with a plan as to how they will make money for the country.

Prime Minister Marape said this at a meeting he organised for Ministers and Departmental Heads at the International Convention Centre in Port Moresby on Thursday 20th June 2019.

“I will be asking all our Ministers and SOEs to come up with a simple plan on how to make money and generate revenue and help the country and economy grow.

Australia's Foreign minister Marise Payne says her government wants to focus on developing Papua New Guinea's infrastructure

The commitment was made during a meeting between Ms Payne and PNG prime minister James Marape yesterday in Port Moresby.

Papua New Guinea's prime minister has led a delegation to Singapore to find a way in to a trust fund the government has been locked out of.

In his first overseas trip since taking office last month, James Marape met with officials from the PNG Sustainable Development Program on Sunday.
The company manages about $US1.4 billion of assets through a long term fund which was set up to hold profits from the Ok Tedi copper mine in Western Province.

Papua New Guinea  is in a very deep economic crisis, says Shadow Treasurer Ian Ling-Stuckey.

“The business of the Prime Minister’s economic team should be to get PNG out of this economic crisis.

Let’s stop the expensive Sovereign Bonds, but let’s not stop financing for sensible and vital economic infrastructure available at very cheap loan rates or even outright grants,” Mr Ling-Stuckey said.

Papua New Guinea’s new prime minister has an ambitious — cynics would say far-fetched — objective of turning one of the world’s poorest countries into the “richest black nation” on Earth in just a decade.
 
If national economies were like soccer teams, Papua New Guinea would be near the bottom of the table, struggling to avoid a relegation dogfight.
 
Violent crime and corruption are endemic, reliable electricity is rare and population centers sit like isolated city-states, surrounded by trackless jungle and mountain ridges that soar into the equatorial sky.

Papua New Guinea  new Treasury Minister Sam Basil pledged to provide the leadership needed to make sure the country achieved a balanced Budget by 2022.

The Bulolo MP said he would need the support of everyone to achieve that goal through improved taxation streams and reduced borrowing.

Member for Talasea Francis Maneke is the new West New Britain Governor following the voting of the new Governor today in Kimbe.  

Maneke won the seat by 13 votes whilst Kandrian Gloucester MP Joseph Lelang received 4 votes.  
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Earlier,a stay order was sought by Mr Lelang preventing former Governor Sasindran Muthuvel from chairing the provincial assembly meet that delayed the voting to that was to eventuate at around 10am.

The Papua New Guinea government wants the Paladin security firm off Manus Island despite Australian Home Affairs Minister Peter Dutton belief that the company will continue running the asylum seeker camp in PNG.

​Papua New Guinea Finance Minister Charles Abel says the country should stop borrowing because Papua New Guineans are paying more than K1.3 billion interest on repayment loans.
He said the way forward is to live within the means on what we have and improve on the revenues streams.
He said when the country gets a loan, the country pays about K1.3 billion in interest on repayment loans and that is not good.

Three people, including a police officer, remain hospitalised following two separate attacks in Papua New Guinea last week after the opening State of Origin rugby league match.

A man from Simbu province died in the early hours of Thursday morning after he was stabbed several times in a Port Moresby suburb, after a drunken brawl between supporters.