Local businesses

This comes at a time were the Manufacturers are struggling with inflation.

ICCC handed down the Final Report for the 2023 Stevedoring and Handling Services Pricing Review for Ports operated by International Container Terminal Services Inc (ICTSI) on the 12^th of December, 2023.

This was highlighted by St Barbara Managing Director, Bob Vassle’s, presentation during the PNG Chamber of Mining and Petroleum Conference in Sydney, Australia this week.

Vassle emphasised St Barbara’s commitment to the people and communities around the Simberi mine operations and spelled out many social program objectives as well as engaging local businesses.

He made this comments following media reports that Treasury Minister Patrick Pruaitch will get a $US 300 million (K928 million) loan from ADB to support the National Budget.      

“My concern is this, the ADB in Papua New Guinea appears to ignore the facts, there are Papua New Guinea firms that can deliver the projects,” Governor Juffa told Loop PNG.

He said it does not make sense when the National Government gets the loan but ADB continue to influence the awarding of contracts to projects in the country especially to foreign firms.