Richard Maru

He was making refence to a recent media article yesterday on the Livestock Development Corporations proposal to import live cattle from a cattle farm in Queensland.

“This proposal should be outlawed. It is definitely not in the best interest of PNG because importing of live cattle poses huge biosecurity risks,” Minister Maru said.

He said live imports of cattle will bring in pests and diseases.

In a statement, Minister Maru said the proposed merger will have potential implications for PNG’s capital market as Newmont “has no current plans to maintain current listing list on our exchange”.

Papua New Guinea’s national stock exchange said Newcrest is an important listing on PNGX, representing the company’s commitment to the country from which it extracts significant resources.

“PNGX would welcome a continued listing of these assets following completion of the merger with Newmont for similar reasons,” said PNGX chairman, David Lawrence.

Minister for International Trade and Investment, Richard Maru, highlighted this during his bilateral meeting with the Malaysian Deputy Minister of Investment, Trade and Industry, Liew Chin Tong, at the margins of the APEC Trade Ministers Meeting in Detroit, United States. 

“Similarly, Department of Foreign Affairs should commence discussion with their Malaysian counterpart for a reciprocal arrangement for the Government of Malaysia to allocate a piece of land for PNG High Commission Chancery to be built in Kuala Lumpur.

Minister Maru said this during his bilateral meeting with the Malaysian Deputy Minister of Investment, Trade and Industry, Liew Chin Tong at the margins of the APEC Trade Ministers Meeting in Detroit, United States. 

Minister for International Trade and Investment, Richard Maru, made this known to Malaysia’s Deputy Minister of Investment, Trade and Industry, Liew Chin Tong, at the margins of the APEC Trade Ministers Meeting in Detroit, in the United States. 

Maru also invited Malaysian investors, especially those that have experience in global forestry product market, to come and invest in this sector.

The summit and Papua New Guinea Government’s aspiration to pursue the Special Economic Zone (SEZ) concept was dedicated to God in prayer at the opening, Minister of international Trade and Investment, Richard Maru delivering the opening remarks.

Minister Maru spoke passionately about harnessing the concept and challenged the room especially districts and provincial governments to work closely with the government to identify their own economic potentials through SEZ; and utilizing their resources.

He encouraged KPHL in strengthening partnership and continue with the Member for Kikori and the Governor for Gulf Province do great things for PNG development.

Through this job opportunities can also be increased, he added.

“I really would like with your support and leadership someday to have a downstream processing facility in Papua New Guinea. Right now we haven’t gotten that and reached the point where this country can be industrialized.

Minister for International Trade and Investment and Yangoru-Saussia MP, Richard Maru, revealed this during the opening of the new East Sepik Provincial Specialist Hospital in Wewak yesterday.

“We have world-class equipment, very special equipment in this hospital,” he said.

“Continuous blackouts will result in all these equipment being destroyed.

“I know we’ve got generators but that won’t be good if we continue to have blackouts.

“So East Sepik needs a power solution and it needs it now.

The two-day event is estimated to be hosted at a cost of over K6 million. The National Government has already committed K2 million towards this event.

The Steering Committee for the 2023 WIBF Papua New Guinea is tasked to organize the country’s biggest national event since the APEC meeting in 2018.

This was stated during the two Capital Market Licenses that were granted by the Securities Commission of Papua New Guinea.

Maru added that Agriculture can be a topic of discussion according to MRL Capital Ltd.’s Risk Management frameworks. He added that due to MRL Capital’s impressive record on their growth, this is a great way to expand.

“I want to inform the market today that we are working on the amendments to make sure that the fund manager is separated from the funds.