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Papua New Guinea's latest score on the Corruption Perception Index (CPI) is 29 out of 100, showing a slight improvement of one percent from 28 out of 100 in 2021. Despite this progress, PNG remains among many countries with little to no improvement in tackling corruption. This data was highlighted by PNG National Planning Minister Sir Ano Pala during the Government and Civil Society Joint Budget Information Workshop 2024. He emphasized the importance of organizations and platforms such as the Open Government Partnership, stating that it “paves the way to address some of these challenges we have faced as a country.” “Having access to information, participation of civil society organizations in both the budget formulation and implementation and dissemination of fiscal information is still a challenge. Having a consultative approach to decision making and a transparent industry provides the basis for democracy and importantly good governance,” he added. The Consultative Implementation & Monitoring Council (CIMC), the OGP Secretariat, and the Australian Government through the Australian-PNG Partnership, which aims to build community engagement in PNG, supported the workshop. The OGP is a multilateral initiative that seeks to secure concrete commitments from national governments to promote open government, empower citizens, fight corruption, and leverage new technologies to strengthen governance. A key topic during the second day of the workshop was the Extractive Industries Transparency Initiative (EITI), which serves as the global standard for promoting transparency and accountability in countries rich in oil, gas, and mineral resources. It is implemented through the participation of government, civil society, and industry. CIMC houses the civil society umbrella body, the PNG Resources Governance Coalition, which aims to: Raise public awareness on resource governance and sustainability. Advocate for accountability and good governance in the planning and management of the extractive sector. Develop options for community participation and safeguard PNG’s national heritage, consistent with the National Constitution. The two-day workshop from September 24th to 25th at the Holiday Inn in Port Moresby had the theme “Citizens Participation in the Government’s Budget Formulation, Implementation & Reporting Process: Opportunities, Learning & Challenges.” Day one included presentations from civil societies covering: Key findings from regional workshops. Annual budget processes and reforms. Public hearings/forums on budgeting, planning, and implementation at all levels, focusing on shared experiences and learning. Initial impressions on citizen participation in government budget formulation, implementation, and reporting.   Day two featured sessions on: Budget implementation, reporting, and local innovation. Continued discussions on budget implementation and reporting. Showcasing local innovations in participatory and inclusive budgeting. Plenary discussions for group recommendations.

Alluvial gold miners in the country have the potential to become billionaires if they diversify their ventures, re-invest wisely, and manage their finances effectively, said Mineral Resources Authority Managing Director, Jerry Garry. Mr Garry was speaking at the 6th Alluvial Mining Convention & Trade Show 2024 in Goroka, where over 300 miners, government regulatory agencies, gold buyers, exporters, financiers, and other relevant stakeholders gathered to share information, experiences, and discuss regulatory policies, among other topics. The MD shared an inspiring story about how the former operator of the Porgera Mine, Placer Dome, had humble beginnings in the Wau-Bulolo gold fields in 1926. He explained that two expatriates—an Australian and a New Zealander—ventured into Wau-Bulolo in 1926, recognising the abundant gold resources in the area. The pair formed a company called Placer Development Proprietary Limited. They raised funds, purchased eight dredge machines, and mined the Wau-Bulolo gold fields. However, Mr Garry emphasised that these men did not limit themselves to gold mining; they diversified into other industries, including cattle farming, fishing, and forestry. The pine trees harvested today by PNG Forest Products in the Wau-Bulolo area were introduced by these two men as part of their business diversification efforts in 1926. After more than 55 years, Placer Development Proprietary Limited acquired a mining licence to operate the Porgera mine. Some years later, the company merged with another, forming Placer Dome. By 2005, Placer Dome was operating about 16 gold mines across seven countries, with a market capitalisation of USD 6.7 billion. Mr Garry reiterated that this successful company had its origins in alluvial gold mining at the Wau-Bulolo fields in 1926. He stressed that today’s alluvial gold miners have the same potential to achieve billionaire status, much like those two men. The MD also highlighted the economic significance of the alluvial mining sector, which at one point contributed around K640 million annually to the country’s economy. Approximately 100,000 people are involved in the alluvial mining sector nationwide. The Alluvial Mining Convention, an initiative of the MRA, aims to promote and showcase the sector’s potential. It brings all stakeholders together on one platform to share experiences, discuss regulatory policies, and raise awareness about the latest challenges and success stories in the industry.

Prime Minister Hon. James Marape announced that discussions on the Pasca A Gas Project, which aims to develop the Pasca A gas-condensate field located approximately 95km offshore from Gulf Province, are progressing well. The announcement followed a meeting between the Prime Minister, the State Negotiating Team (SNT), and representatives of Twinza, the developer of the project. The Pasca A Gas Project is expected to contribute over K30 billion to the economy and K15 billion directly to the country over the life of the project. The development is being pursued in partnership with the Mineral Resources Development Company (MRDC) through a 50-50 Joint Venture. “I met today with the SNT Chairman Dairi Vele and representatives of Twinza. The project is at a stage where we are progressing towards the Petroleum Retention License (PRL). This will be followed by the Gas Agreement (GA), Final Investment Decision (FID), and finally the Petroleum Development License (PDL),” Prime Minister Marape said. “Although there have been some delays, we all agreed that Pasca is part of the four ‘Ps’ of the Marape Rosso Government – Porgera Gold Mine, Papua LNG, P’nyang LNG, and Pasca A Gas Project. The SNT and Twinza are in very advanced discussions. We envisage that before we go to the 2024 Papua New Guinea Investment Week in Sydney, Australia, in December, we should have advanced the Pasca A Gas Project into a stage where it gives confidence to our investors.” Prime Minister Marape reaffirmed the government’s stance on securing benefits of above 55 per cent for all major resource projects. He further mentioned that during his upcoming visit to the United Nations General Assembly (UNGA) in New York, he will meet with the leadership of ExxonMobil to discuss the PNG LNG Project, Papua LNG, and P’nyang LNG, with the aim of synchronising these major projects. “Bearing in mind that Papua LNG has been slightly delayed, I want all the other projects to move, and there must be no more delays, especially on P’nyang,” the Prime Minister added.

PNG Solar Supply - SPIA Enterprises Ltd is lighting-up the remotest corners of Papua New Guinea with sustainable and affordable solar energy solutions. PNG Solar Supply is providing renewable energy solutions across the country. As a subsidiary and the commercial arm of the South Pacific International Academy, all profits from PNG Solar Supply are reinvested into the school's expansion efforts. This unique business model allows the company to contribute both to energy sustainability and educational growth in PNG. One of PNG Solar Supply’s flagship projects is the Kanabea Mini-Grid, located deep in the hinterlands of Gulf Province. This mini-grid system features a 103 kWp solar array supported by 122 kWh of battery storage utilizing advanced lithium iron phosphate batteries. The system connects 41 buildings, including a rural health centre, a church, and a primary school, providing reliable energy to essential services. This project highlights the company's ability to bring sustainable energy to even the most isolated regions of the country. PNG Solar Supply is proudly Papua New Guinean-owned and operated and has supplied 23 projects across PNG, providing much-needed employment opportunities for local communities. With a commitment to designing and procuring solar-powered systems, the company has delivered energy infrastructure for numerous communities, most notably in remote and underserved regions. PNG Solar Supply Sales and Marketing Coordinator Melvin Samuel stressed the company's commitment to enhancing the accessibility of solar energy across PNG. "PNG Solar Supply is the wholesale supplier of solar products throughout PNG. We focus on providing high quality materials at the lowest cost, seeking to utilise economies of scale to make it possible for local installers to implement solar projects at competitive costs," Samuel stated. He also expressed satisfaction with the growing adoption of renewable energy in the nation, noting: "It is very satisfying to see renewable energy being installed across the nation.” “For so long, diesel generators have filled this need, and those have been so harmful to the environment, not to mention the difficulty in logistics to just refuel them. Now users are getting solar panels that generate power for 25 years without having to think about it. This is very satisfying." PNG Solar Supply is capable of handling projects of any size, from single-family homes to larger mini-grid installations. Their solar panels come with a 30-year warranty, while inverters and batteries are designed to last up to 10 years, ensuring long-term reliability. Another notable project includes the design and procurement of solar power infrastructure for a surf resort in Vanimo, West Sepik Province. The 4.3 kWp solar array installed at the resort has 7.6 kWh of battery storage, powered by LifeLynk X technology, and connects five bungalows to the main power house, backed by a 5kVA generator. By empowering PNG businesses and communities with clean, renewable energy, PNG Solar Supply is playing a key role in the nation’s transition to sustainable development. PNG Solar Supply offers a full-service approach to solar energy projects, ensuring clients receive the highest level of service from start to finish. Their services include: Exploratory Stage: PNG Solar Supply uses the latest technology to assess energy needs and provide accurate cost and timeline estimates. Procurement Stage: With over 20 years of experience in foreign exchange and international procurement, PNG Solar Supply expertly handles international orders and manages the logistics of importing solar equipment, even amidst foreign exchange challenges. Installation and Commissioning: Through their partnership with Construction Electrical Services Ltd (CES), they offer professional installation and commissioning services, providing a complete turnkey solution. As the nation continues to grapple with energy access and sustainability, solar power remains a viable solution. PNG Solar Supply’s mission is to offer affordable, high-quality solar systems that can power even the most remote regions of the country. 

Goilala District is aiming to secure an export license to tap into international coffee markets, according to Chairman and Goilala MP Hon. Casmiro Aia. “We have established contacts with Dubai and sent our first shipment of coffee through Niugini Spice and Coffee Exports, a subsidiary of the Agmark group. Now, we look forward to owning a coffee export license,” Aia said. The MP outlined his vision for the district during an exclusive interview with PNG Business News after receiving a processing certificate for a mini dry huller from the Coffee Industry Corporation (CIC). The Goilala District Development Authority (DDA) has committed K900,000 to coffee rehabilitation projects, allocating K300,000 for each of the district’s three Local-Level Governments (LLGs): Tapini, Woitape, and Guari. This investment aims to support the revival of coffee and other cash crops in the region. “Our district is vast, with a population that is spread across a wide area,” Aia noted, as under his leadership, the GDDA committed to supporting agriculture initiatives and bringing economic benefits to the district. Agriculture, particularly coffee production, is considered a key driver of economic development in Papua New Guinea. The recent presentation of the processing certificate, held on September 6 in Port Moresby, is expected to empower people in Goilala by providing them with a sustainable source of income. “The beauty of coffee and other agricultural activities is that they directly put money into people’s pockets. Other infrastructure projects are important, but what matters most is economic empowerment for individuals,” Aia said. Goilala is also preparing agricultural projects on potato, bulb onion, and honey, pending available funding. The district has been granted a license to mill and process coffee from parchment to green bean. Ensuring quality control is a key part of this process, which includes picking, washing, drying, milling, and polishing the beans before they are packaged in jute bags, the CIC noted. “We currently have one huller machine in use for Woitape LLG. We’ve requested two more machines for Guari and Tapini LLGs,” Aia added. “Our next goal is to purchase a polisher machine to further improve coffee quality.” The project also provides training and equipment such as pulping machines, coffee bags, pruning tools, nursery tools, and drying equipment, as support for coffee farmers. CIC representative Jacqueline Ruguna reaffirmed the corporation’s commitment to supporting coffee production in Goilala, “The management and staff are dedicated to ensuring the district's coffee reaches its full potential through ongoing collaboration with the GDDA and cooperative farmers,” she told PNG BN.

The Bank of Papua New Guinea (BPNG) officially launched the Kina and Toea Exhibition, a display celebrating the nation's rich economic history and the 50th anniversary of Papua New Guinea’s currency. This event, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th anniversary of PNG's independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 at the National Museum & Art Gallery in Port Moresby. The exhibition provided an opportunity to explore the fascinating history of PNG currency and its unique place in the nation's development. Displaying cultural richness and diversity, attendees were reminded of the significance of currency as a reflection of PNG identity, values, and traditions. The Assistant Governor of Corporate Affairs, Mr Ron Sikar, gave the opening speech and officially declared the exhibition open on behalf of the Governor of BPNG, Elizabeth Genia, in her absence. In Governor Genia’s speech, she emphasised the exhibition’s importance in reflecting on the nation's economic development and its roots in the introduction of the Kina and Toea, which have become not only economic instruments but also national emblems of independence and unity. "It is an honour to stand before you today as we open the Kina and Toea Exhibition, a showcase of our nation's rich and evolving economic history as part of the Bank’s 50th anniversary celebrations," Governor Genia said. She highlighted that the event is particularly significant as it precedes the 50th anniversary of both the country's currency and the nation itself. Governor Genia also introduced the Bank’s Vision 2050, launched in line with the anniversary celebrations. "The Bank’s Vision 2050 speaks of ‘economic opportunities for all Papua New Guineans,’ which at its core is about the transformation of the economy in the next two decades. This vision is a continuation of the development process first initiated some 50 years ago in preparation for PNG’s independence in 1975." The Governor’s speech traced the historical journey of currency in PNG, starting with shell money used by the nation’s forefathers. Shells, particularly the Kina and Toea, were not only mediums of trade but also symbols of wealth, social status, and cultural practices. "Deeply embedded in our traditions and cultural practices, shell money also represented social status, and it was used in marriages, deaths, and other significant ceremonies and events," Genia explained. The arrival of colonisers marked a turning point in the country's economic history, leading to the introduction of contemporary currencies on 19 April 1975. "These contemporary currencies served as both economic instruments and national emblems of our independence and unity as a nation," Genia noted. She provided insights into the cultural significance of the Kina and Toea, explaining that the word "Kina" is found in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG's Highlands and Coastal regions. Similarly, "Toea" refers to a valuable type of shell used in trade and traditional bride price ceremonies in the Motuan Coastal villages. Governor Genia expressed the Bank’s ongoing commitment to maintaining trust and confidence in physical currency, even as global trends shift towards digital currencies and electronic payments. "This exhibition provides a unique opportunity to reflect and appreciate how far we have come and to consider how we can continue to honour our heritage while embracing the future," she said. The exhibition was designed to take attendees on a journey through PNG's history, showcasing images of rare artefacts, coins, and notes that have shaped the country’s economy. The launch was attended by distinguished guests, partners, stakeholders, the staff and management of BPNG, and the media.

In support of small and medium enterprises (SMEs) in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September 27th in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossman Uvovo, National Cultural Commission CEO Steven Enomb Kilanda, and NCDC Governor Hon. Powes Parkop, were in attendance. Hon. Namah emphasized the vital role of small businesses in the nation's economic development in his keynote address, as he expressed gratitude to participants for their contributions to the country’s progress. As the nation approaches its 50th independence anniversary, Hon. Namah reflected on the need for economic independence, acknowledging the political foundation laid by the country’s founding fathers. “It is time to fully realize our economic potential,” he stated. The Minister acknowledged the proactive efforts of the Governor of the nation’s capital, highlighting Hon. Parkop’s commitment to inclusive participation and the promotion of tourism, arts, and culture. He recalled the Governor's enthusiastic engagement upon Hon. Namah’s appointment, particularly concerning the well-known Kokoda Trail. Hon. Namah also praised the leadership of Uvovo at TPA and Kilanda on the development of the first draft policy for arts and culture, and expressed enthusiasm for ongoing discussions around tourism policy. “Tourism, art, and culture are inclusive industries,” the minister asserted. “They provide pathways for wealth creation and empower our communities.” He called for government support to enable local initiatives, noting that even small actions can lead to significant change. The Minister also proposed a new co-location strategy for key agencies involved in tourism and cultural promotion, aiming to streamline operations and enhance service delivery. He underscored the need for regulatory frameworks to protect PNG's cultural heritage, advocating for the patenting of local designs and products to ensure they are authentically represented. Hon. Namah stressed the importance of marketing PNG’s tourism internationally and the need for increased government investment in the sector. “If we want to connect PNG, we must also prioritize tourism alongside agriculture, forestry, and fisheries,” he concluded. The Minister's vision is to see this initiative expand across all 22 provinces, empowering local communities and enhancing the tourism landscape in Papua New Guinea. The center aims to provide essential training, registration, and support for local artisans, tour operators, and other small stakeholders in the tourism industry. The TPA will provide necessary assistance to support small businesses to grow. Governor Parkop congratulated the Minister and the National Cultural Commission on their efforts. He emphasized the potential of small stakeholders in the tourism industry, including carvers and crafters. "This incubation center will help many people in the city, especially those working independently," Parkop said. Hon Parkop also commended the collaborative spirit among stakeholders, saying, "We will call for partnerships to ensure the success of this center," adding that this initiative is just the beginning of a larger journey to empower the local tourism sector. For further information about the Tourism Business Incubation Center and upcoming programs, please contact the PNG Tourism Promotion Authority.

By: Niki Alsford Niki Alsford is Professor of Anthropology and Human Geography, and Director for the Institutes for the Study of the Asia Pacific (ISAP) at the University of Central Lancashire. He is Research Associate at SOAS, the University of London and Associate Member of the Faculty of Asian and Middle Eastern Studies at the University of Oxford. In August 2024, I had the privilege of attending the Mount Hagen Cultural Show, one of Papua New Guinea’s most vibrant and significant cultural events. As I stood among the performers adorned in feathers, paint, and traditional attire, I couldn’t help but marvel at the richness of the island’s cultural heritage. The festival, or Singsing in Tok Pisin (a creole language spoken throughout the country), is a testament to the country’s cultural diversity, where over 800 languages are spoken, and each community has its unique traditions and customs. This diversity, combined with the stunning biodiversity, offers a tourism potential that is both unique and underexplored. Papua New Guinea (PNG) is a country that, by all accounts, should be a prime destination for global travellers. It boasts some of the world’s most diverse ecosystems, pristine beaches, and unparalleled diving opportunities, especially in regions like Milne Bay and Kimbe Bay. The rugged landscapes of the highlands are home to an array of bird species, including the rare and beautiful birds of paradise. Yet, despite these attractions, PNG remains one of the least visited countries in the world, with tourism numbers lagging many of its Pacific neighbours. The Potential and Perils of Tourism The potential for tourism to bring economic benefits to PNG is undeniable. In many developing countries, tourism has acted as a catalyst for economic growth, creating jobs, fostering small businesses, and bringing in much-needed foreign exchange. In PNG, where the economy largely depends on extractive industries like mining and oil, tourism could provide a more sustainable and diversified income stream. However, as with any developing nation, the influx of tourists comes with its own set of challenges. PNG operates on a dual economic system: a formal monetary economy that the government and larger businesses operate within, and a subsistence economy where the majority of the population engages in farming and bartering to meet their daily needs. The introduction of large-scale tourism could disrupt this delicate balance, particularly in the highlands, where traditional ways of life have been preserved to a greater extent than in the more urbanised coastal regions like Port Moresby and Lae. In the highlands, the economy is not driven by cash but by subsistence farming and the exchange of goods and services within the community. This system has allowed highlanders to live sustainably for generations. Introducing a tourism-driven cash economy could lead to social stratification, with those benefiting from tourism becoming wealthier while others are left behind. Moreover, the allure of easy money from tourists could lead to the erosion of traditional values and practices, which are integral to the social fabric of highland communities. Cultural Sensitivity and Responsible Tourism One of the most critical issues in developing tourism in PNG is ensuring that it does not lead to cultural exploitation or degradation. The highlands, in particular, do not need to be “developed” in the global sense of the word. Development here should not mean the imposition of foreign values or economic systems, but rather the empowerment of local communities to share their culture on their terms. Tourism in PNG should be approached with a model of cultural sensitivity and responsibility. This means developing tourism initiatives that are community-led and that prioritise the preservation of cultural heritage over profit. For instance, cultural festivals like the Hagen show should be supported in a way that ensures they remain authentic expressions of local traditions rather than becoming commercialised spectacles for foreign visitors. One approach could be to focus on low-impact, high-value tourism. This model would limit the number of tourists but increase the revenue generated per visitor. By targeting niche markets, such as eco-tourism, bird-watching, and cultural tourism, PNG can attract travellers who are genuinely interested in learning about and respecting local cultures and ecosystems. These tourists are more likely to spend money on local services and products, ensuring that the benefits of tourism are felt at the community level. The Importance of Infrastructure and Safety A significant barrier to increasing tourism in PNG is the lack of infrastructure. Many of the country’s most beautiful and culturally rich areas are difficult to access, with limited transportation and accommodation options. Investing in infrastructure is essential to make these areas more accessible to tourists. However, this must be done in a way that is sensitive to the environment and the needs of local communities. Safety is another concern that has deterred many potential tourists from visiting PNG. The country has a reputation for lawlessness, particularly in urban areas. While this perception is not entirely accurate, it does highlight the need for improving security, particularly in tourist areas. Collaborations between the government, local communities, and international partners could help address these issues, making PNG a more attractive destination for international visitors. Balancing Development and Preservation Ultimately, the challenge for PNG is to find a balance between leveraging tourism for economic development and preserving the country’s unique cultural and natural heritage. The highlands, in particular, represent a region where this balance is especially crucial. Development should not come at the cost of cultural erosion or environmental degradation. Instead, it should focus on empowering local communities to manage tourism in a way that benefits them economically while preserving their cultural identity. To achieve this, the government, NGOs, and the private sector must work together to develop tourism policies that prioritise sustainability and cultural sensitivity. This includes providing training for local communities in tourism management, developing infrastructure that benefits both tourists and locals, and ensuring that tourism revenues are reinvested into the community. As such, Papua New Guinea stands at a crossroads. The potential for tourism to bring economic benefits to the country is significant, but it must be managed carefully to avoid the pitfalls that have befallen other developing nations. By focusing on responsible, culturally sensitive tourism that prioritises the needs and desires of local communities, PNG can develop a tourism industry that not only brings economic benefits but also helps to preserve its rich cultural and natural heritage for future generations. Tourism without tourists might seem like a paradox, but in the context of PNG, it represents a model of development that respects and preserves the very things that make the country unique. By embracing this model, PNG can offer travellers an experience that is not just about visiting a new place, but about understanding and appreciating a way of life that has endured for centuries.

The Weir Group PLC (Weir), a global mining technology leader, has been awarded a £25m contract to provide industry-leading energy efficient, sustainable solutions to the next phase of OCP Group’s Benguerir and Louta greenfield phosphate projects in Morocco. The order will support the continued construction of the Louta project and the trebling of production from the Benguerir project, where Weir has previously provided similar separation and desliming solutions also based on our market leading WARMAN® slurry pump and CAVEX® hydrocyclone technology. The Benguerir expansion will start up following the initial phase of the project which has scheduled first production in 2024, with an estimated total mine life of more than 100 years. The £25m contract award will be recognised in the order book during the remainder of Q3 2024. After commissioning of the equipment, aftermarket support will be provided via Weir technical experts from our Moroccan service centre, which is located close to the projects. The receipt of orders associated with the contract award does not result in a change to Weir’s full year 2024 financial guidance as of 30 July 2024. Commenting on the contract award, Jon Stanton, Chief Executive Officer of Weir said: “We are pleased to have secured this major contract. It represents a strong endorsement of our WARMAN® and CAVEX® ranges that provide energy efficient separation at scale to support our customer’s productivity and sustainability goals. Along with our industry-leading solutions, we promise our customers world class service; our local team are delighted to continue to deliver for OCP as they commission the initial phase at Benguerir and look to expand these exciting projects.”

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce the 2024 Papua New Guinea (PNG) Investment Week. The event, which will take place from December 6th to 11th, 2024, at the International Convention Centre in Sydney, was officially launched by Prime James Marape. In his remarks, the Prime Minister acknowledged the partnership between Government and PNG in continuing to promote PNG as an investment destination of choice. “The annual PNG Resources & Energy Investment Conference and Expo has been the country’s premier international event, which has enabled our international stakeholders, particularly those within resources & energy, to engage with the State to discuss opportunities in PNG, as well as to progress development of projects within this critical economic sector. Last year’s event was a tremendous success with heads of major mining and energy companies present and promoting investment in PNG. It is indeed the only event where all who matter are in one place at the one time. It is timely that the event is broadened into a week of promotion of international investment in PNG, and we are very happy that it has now become PNG Investment Week, and will feature not just the promotion of investment in our core energy and resources sector, but also other sectors such as financial services, agriculture, fisheries, manufacturing, infrastructure and renewables but also the very good work that PNG’s bilateral and multilateral partners are doing in PNG. My government stands ready to work with PNG CORE to make this event a resounding success yet again.” PNG CORE President Anthony Smare reaffirmed the commitment by industry to promote opportunities on offer, in partnership with government, and key stakeholders. “This change of name and format of the traditional conference into 5 days of PNG focused activities in Sydney, will boost investment into PNG by expanding attention beyond PNG’s resources sector into other areas such as PNG’s financial sector, agriculture, fisheries, renewables and infrastructure and providing opportunities for our international and multilateral partners to also advocate for PNG as an investment destination. We anticipate more than 2000 business delegates to attend the PNG Investment Week, with well over a thousand from international jurisdictions. We believe that by working closely with the National Government, and our major private sector and multilateral partners, we can deliver an investment event that will be both larger and more successful than anything we have delivered in the past offshore in terms of translating to improving investor sentiment in PNG and driving more direct investment into PNG’s various sectors. We are also pleased to acknowledge as well, the early and proactive commitment by the Autonomous Bougainville Government to use the event to promote direct international investment into Bougainville.” This event will unite all investment and business stakeholders in PNG and abroad through a series of activities: PNG Golf Challenge PNG International Suppliers Forum Meet the PNG Regulators Large Investor briefings with PNG PM President’s CEOs Dinner PNG Investment Conference PNG Investment Gala Dinner PNG Investment Expo