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The people of Aitape and the wider West Sepik Province will benefit from new port facilities designed to provide safe and reliable sea access following the official launch of the K25 million Aitape Port Redevelopment Project.
The project is funded internally by PNG Ports Corporation Limited (PNG Ports) and forms part of its nationwide Port Upgrade Programme, which covers the national port network, from major gateways such as Lae and Motukea to ports serving communities in Kimbe and smaller Community Service Obligation (CSO) locations.
A recent independent socio-economic assessment found that
New Simberi Gold has signed the revised 2013 National Executive Council-endorsed Community Development Agreement (CDA) for Simberi, marking a milestone in strengthening partnerships and establishing a framework for sustainable development across the Tabar Islands.
The agreement was signed on Friday at the Mineral Resources Authority (MRA) headquarters in Port Moresby by New Simberi Gold, operating under its parent company, Tabar Island Holdings Pty Ltd. (TIHPL), following a review and board approval process.
TIHPL Country Manager Randy McMahon said the signing followed years of negotiations
Gulf and Central provinces have agreed to an 80:20 split of benefits worth K6.606 billion from the Papua LNG project, resolving a major dispute over the distribution of royalties, equity and development funding ahead of the project's targeted final investment decision in December.
The Tier 1 benefit-sharing agreement was signed at APEC Haus in Port Moresby on Oct. 8, following months of negotiations between the two provinces and the national government.
Under the arrangement, Gulf will receive 80% of the benefits, while Central will receive 20%. Gulf hosts the project's wellheads, wh
More than 66,000 people in Papua New Guinea and Bougainville are expected to benefit from two new renewable energy projects under Australia's REnew Pacific programme, which aims to expand access to reliable electricity in remote communities across the Pacific.
Australian Minister for Climate Change and Energy Chris Bowen announced the three new projects, including a third in Fiji, at a Pre-COP31 event in Fiji this week.
In Papua New Guinea's Oro Province, Sola PayGo and MiBank will deploy pay-as-you-go solar home systems, streetlights and education servers in 19 communities between P
Papua New Guinea is pursuing fisheries reforms and strategic investments to expand domestic tuna processing, attract private investment and retain more economic value from its marine resources, Minister for Fisheries and Marine Resources Jelta Wong said.
In an exclusive interview with PNG Business News, Wong said the government was implementing reforms to strengthen local participation, increase export earnings and create jobs for Papua New Guineans.
The initiatives include the National Tuna Domestication Strategy, the StartFish Memorandum of Agreement (MOA), reforms to the Vessel Day Scheme
The Asian Development Bank (ADB) and the Australian government have committed $12.85 million to the fifth phase of the Pacific Private Sector Development Initiative (PSDI), continuing efforts to improve the business and investment environment across the region.
The initiative will help governments in ADB’s 14 Pacific developing member countries modernize business, investment and financial sector regulations, strengthen institutions and expand access to finance for micro, small and medium-sized enterprises.
Since its launch in 2007, PSDI has supported more than 500 reforms, including im
The Morobe Provincial Government is restructuring its tourism board to strengthen coordination across the industry and give businesses and communities a greater role in developing tourism opportunities across the province.

The Morobe Provincial Executive Council has appointed a new Tourism Board to advise and support the Provincial Government and Administration, with its membership drawn from tourism, business, agriculture, transport and community sectors.

The new structure moves away from appointments based primarily on political nominations and is intended to es
Editor’s Note: In this issue, Michael McWalter, former Director of the Petroleum Division and Adviser to the Government of Papua New Guinea, and erstwhile petroleum adviser to the Governments of Ghana, Liberia, Cambodia, Sao Tome, and South Sudan writes about Liquefied Natural Gas. He is a certified petroleum geologist, and technical specialist in upstream petroleum industry regulation, administration, and institutional development. 

Natural Gas 

Many people in Papua New Guinea will have heard of LNG, but how many of us know exactly what it is?&nbs
Hastings Deering PNG showcased its long-standing commitment to Papua New Guinea's resources sector at this year's event, while highlighting the important role skills development and local capability continue to play in supporting the nation's growth.

A key highlight for Hastings Deering PNG was an exclusive visit from Prime Minister James Marape ahead of the official opening of the exhibition.

During his tour, Prime Minister Marape visited the Hastings Deering PNG stand. Accompanied by government ministers, industry representatives and members of the m
The Office of Workers’ Compensation (OWC) has taken a major step in its digital transformation, signing a contract with NiuPay Limited to design, build and support the new OWC Website Development Platform. The platform will give injured workers, their dependants, employers, insurers and insurance brokers access to OWC’s information and services 24 hours a day.
The contract was signed at OWC’s offices in Port Moresby on 2 October 2026 by Chief Commissioner Mr Martin Pala and NiuPay Business Development Manager Ms Kristina Kekedo, following a competitiv