National Flag

The flag of Papua New Guinea was adopted on July 1, 1971. In the hoist, it depicts the Southern Cross; in the fly, a raggiana bird of paradise is silhouetted.

Cities

Port Moresby, Capital of Papua New Guinea.

Authentic Travel Experience

Water falls are some of Papua New Guinea's attractions.

Tourist Attraction's

Papua Guinea is not only an island but is also a territory of fully independent people thus calling the island the Republic of Papua Guinea.

Culture in Transition

Culture Diversity, Colors, Culture Face, Annual Festivals, Traditional Dance, Traditional Costumes, Singing Dance.

Friday, 8 April 2016

PNG: A culturally and geographically diverse country

PNG A culturally and geographically diverse countryA proactive team from James Cook University is currently working in Papua New Guinea to develop an eco-tourism industry around the Papuan Black Bass, one of the world's toughest sportsfish.

Healthy oceans, rivers and streams are crucial for life, the provision of food and good economic development, particularly if you happen to be a small developing economy like Papua New Guinea.

Papua New Guinea is a very culturally and geographically diverse country of close to seven million people with over 40 percent of them living a self-sustainable natural lifestyle with no access to global capital. Enter the team of researchers from James Cook University with a most unusual plan that just might work.

The Papuan black bass, Lutjanus goldiei, is also recognized as the Niugini bass, pargo de Papua, vivaneau de Papua, and ikan merah. It is found in a small area that includes southern Papua New Guinea from the Port Moresby district to the Fly River.

The fish is actually a member of the snapper family of fish and is considered the world's toughest yet least-known freshwater fishes. This fish, resembling a cross between a grey snapper and a large-mouth bass can be found in large, snag infested jungle streams and tributaries and may occur in estuaries. According to the International Game Fish Association, this popular fish would be an excellent choice in forming the basis of a safari-angling industry.

The team focused on the country's West New Britain province, getting a diverse group, including researchers from the fields of fisheries science, ecosystem ecology, natural resource management, governance, tourism, economics, business management, and social science.

According to Science Newsline, JCU's Dr Ronnie Baker said the group's paper was a road-map to developing a sustainable eco-tourism industry. "It's the first paper on how sportfishing tourism can work in developing countries for the benefit of the people and see economic benefits go directly to undeveloped areas," he said.

Baker pointed out that in many places where there was a sportfishing potential, the sites were often in remote areas where the local people still retained control over the land and resources. This in itself, presented both an opportunity and a challenge, as the team was soon to learn. "In these places, if the local people are not on board and won't benefit - it won't work," he said.

Professor Marcus Sheaves, the project leader, said the first chore the team had was to find out everything that was known about the Papuan black bass, and the information available is rather sketchy. "Our ongoing project is providing the PNG government with the critical knowledge needed to sustainably manage and develop a sportfishery into the future," he said.

For Dr Amy Diedrich, the social science leader of the project, the key to making the project work was the amount of collaboration necessary between the multi-disciplinary groups. She says this is key to creating a sustainable eco-tourism industry using sportfishing and one that would provide an alternative livelihood while promoting conservation

The team is working in aggregation with the Papua New Guinea National Fisheries Authority (NFA) and is supported by the Australian Center for International Agricultural Research (ACIAR). The project is anticipated to last about 10 years.

Wednesday, 6 April 2016

Building the economy of PNG

Building the economy of PNGMore than 5000 participants of the financial education program, graduated in Madang, most of them mothers from nearby villages. Banking the unbanked is an endeavour by the Central Bank of PNG, the Asian Development Bank, the Australian Government and the Government of PNG.

The Microfinance Expansion Project targets mostly the population in the rural areas of the country and has already impacted thousands of lives. The classes serve to teach these communities the position of saving and investing, thus contributing in building the country's economy.

At the ceremony, the graduates were applauded by the chairman of the steering committee, Mr. Benny Popoitai and urged not to be bystanders while the country's economy grows.

As a major sponsor of the project, a representative from Australia's department of foreign affairs and trade, previously AUSAID shared on Australia's interest to help stimulate PNG's economy. Also present to show their support were all of the commercial banks in the country, ready for graduates to open accounts after their ceremony.

Monday, 4 April 2016

Indian Business Delegation in Papua New Guinea

Indian Business Delegation in Papua New GuineaPapua New Guinea Prime Minister Peter O’Neill has greeted a business delegation from the Confederation of Indian Investment (CII) that was undertaking its first ever exploratory visit for enriched bilateral ties with Papua New Guinea.

As India’s foremost business organization, the CII has around 8,000 members from the private and public sectors, including SMEs and multi-national corporations. At the invitation of PM O’Neill, the group is digging business opportunities in the areas of healthcare, tourism, petroleum and natural gas, handicrafts, textiles, agriculture, education, infrastructure, mining and mineral resources.

“Now is the time to invest in Papua New Guinea,” the Prime Minister said.

“With global pressures facing commodity exporters around the world, Papua New Guinea’s economic fundamentals are strong.

“This visit by the Confederation of Indian Investments demonstrates the confidence the international business community has in our country.

“We welcome business and investment from India and the impact this will have on employment and development.

“The visit is also important as we prepare for the anticipated visit to Papua New Guinea by the President of India, His Excellency Pranab Mukherjee that is proposed to take place in 2016.

The Prime Minister said the trade flow between the two countries is not large at the moment but has been increasing steadily with the potential for further growth.

“Our two countries can capitalize on existing synergies to enhance trade and investment relations between them.

“Papua New Guinea can do business with India as we have the resources and India has the market which can be tapped into readily.

“Papua New Guinea’s engagement with India in trade and investment has progressively increased since the opening of our High Commission in India in 2006’’, the Prime Minister said.

India and Papua New Guinea continue to relish close and friendly relations since establishing formal diplomatic ties in 1976. The two countries also collaborate in other international forums including the summit of the Forum for India Pacific Islands Co-operation (FIPIC), where India is looking for to forge trade and economic relations with the Pacific.

Prime Minister Peter O’Neill attended the meeting of the India Pacific Islands Co-operation Forum in India last year. The CII delegation and was led by the entity’s Head, Pacific International Cooperation desk, Ms Suhba Ranjab, and met with Prime Minister O’Neill on 15 February 2016.

Saturday, 2 April 2016

PGA Tour heads to PNG for the first time

PGA Tour heads to PNG for the first timeThe PGA Tour of Australasia will discover new territories in 2016 as it heads up to Papua New Guinea for the first time. The South Pacific Export Radler PNG Open will become a fully-fledged PGA Tour of Australasia tournament after many years of being an effective pro-am event.

To be played at the Royal Port Moresby Golf Club, which efficaciously hosted the Pacific Games last year.

To be played at the Royal Port Moresby Golf Club, which fruitfully hosted the Pacific Games in 2015, Tour Professionals will be competing for a minimum of AU$140,000 and Official World Golf Ranking Points when they tee off from 21-24 April, 2016.

"The PGA Tour of Australasia continues to grow and offer Tour Professionals opportunities to compete in quality tournaments," said Brian Thorburn, CEO of the PGA of Australia which oversees the Tour.

"We are delighted to have the South Pacific Export Radler PNG Open join the schedule, expanding the Tour's presence across Australasia."

"The PNG Open has for many years been run successfully as a pro-am on the Choice Hotels PGA Pro-Am Series but its elevation to the Tour sees the prize money become official on the PGA Tour of Australasia Order of Merit, the application of Official World Ranking Points and as such it is expected the tournament will receive a boost in the strength of field competing for the title."

Papua New Guinea will be one of five countries the PGA Tour of Australasia visits in 2016 with events on the schedule being played across Australia, New Zealand, Fiji and New Caledonia.

The South Pacific Export Radler PNG Open also becomes the third National Open on the PGA Tour of Australasia's schedule with the BMW ISPS HANDA New Zealand Open and Emirates Australian Open to also be contested in 2016.

From Papua New Guinea the PGA Tour of Australasia will travel to Western Australia for the Nexus Risk Group TSA WA Open to be played from 28 April – 1 May with the TX Civil and Logistics WA PGA Championship being played in Kalgoorlie from 12-15 May.

Friday, 1 April 2016

Redirecting Investment Focus in Papua New Guinea

Redirecting Investment Focus in Papua New GuineaPapua New Guinea’s current bank legislation can be altered to safeguard that banks redirect their investment focus towards Papua New Guinea’s renewable sectors, according to Trade Minister, Richard Maru. Minister Maru says this would require banks in PNG to capitalize a certain percentage of their revenue, into agriculture, fisheries, Small to Medium Enterprises, SMEs, and tourism.

“In countries such as Sri Lanka, their government imposes a license where the banks lend their planning funds to sectors the government needs them to lend to, such as agriculture and SMEs.”

“So in the PNG context, if banks want a license to operate in Papua New Guinea, they must lend a certain percentage of their loan funds to these sectors and that must be imposed by law,” said Minister Maru.

Currently, 70% of the country’s revenue is derived from corporate taxes and cash flows from the extractive industry trading against commodity prices, which depict a constant downward trend at present and have been for several months. The same message was conveyed to the nation through Treasury Secretary, Dairi Vele during the 2016 Leaders’ Summit, hosted by Prime Minister, Peter O’Neill.

Though there was no confirmation from PM O’Neill and the government if the country was experiencing cash shortages, there were thoughtful presentations from various speakers of the Summit that pointed the renewable sector as PNG ‘saving grace.’

Minister Maru, says the country’s economy, through a government-bank synergy can be the solution in reviving PNG’s renewable sector, which includes 6.1 million people directly or indirectly involved in agriculture.

“Banks in Papua New Guinea are investing more into low-risk business ventures and not prioritizing agri-businesses and SMEs, which are perceived to be high-risk.”

“The sectors that need to be grown are the sustainable such as, agriculture, SMEs, fisheries and tourism and these sustainable sectors will never grow without significant investment and technology."

“One the biggest problem in PNG is investment fund not reaching these sectors, despite millions and billions that are going to the banks,” said Minister Maru.

The country’s most extensive bank with the largest customer base, Bank South Pacific replied to Minister Maru’s recommendations. BSP Group CEO, Robyn Flemming said BSP invests about K100 million to the SME sector while K300 million is introduced into commercial agriculture.

“We agree that investment in SMEs and agriculture is part of nation-building and within BSP, we like to think that we are part of that nation-building. We’ve got the best part between K80 million and K100 million in loans to various SME sectors. In agriculture, it’s predominantly with secondary support of the oil palm sector and we pumping in, for the best part of around K300 million.”

 “SME is somewhat more viable then agriculture – agriculture is not high-risk but it’s certainly one that requires a lot of direct support from a training perspective, perhaps some form of support to be able to have the equivalent of a stabilization component so that when commodity prices are down, people still have some capacity to be able to reimburse loan repayments and banks can be innovative, in terms of the repayment structure,” Flemming said.