Papua New Guinea Treasurer Ian Ling-Stuckey has commended the Papua New Guinea Customs Service (PNGCS) for its enforcement efforts after authorities uncovered more than K19 million in unpaid excise duties linked to illegally stored alcohol products in Port Moresby. Ling-Stuckey said Customs’ recent compliance operations demonstrated the agency’s critic...

PNGX Markets Limited (PNGX or PNGX Markets), operator of Papua New Guinea’s national stock exchange, today celebrated the successful listing of Papua New Guinea’s first wholesale corporate bond, a 235 million kina 10-year unsecured subordinated bond issued by Kina Securities Limited (KSL) (PNGX Code: KSL361). This landmark transaction represents a signifi...

Papua New Guinea has only four fully licensed Special Economic Zones, with several projects still awaiting regulatory clearance despite receiving in-principle approval, according to International Trade and Investment Minister Richard Maru. The licensed zones are Paga Hill, Sea Park, Pacific Lime and Cement, and the PNG Trade Centre, Maru said, emphasiz...

By Andrew Cairns, Chief Executive, Westpac PNG Papua New Guinea’s recent grey listing by the Financial Action Task Force (FATF) has understandably generated discussion across the business community. It is an important development, but it is equally important to keep it in perspective. Grey listing means a country has identified areas in its systems ...

A major infrastructure investment aimed at strengthening aviation capacity in Papua New Guinea’s Highlands region has officially commenced, with Civil Aviation Minister Wake Goi launching the K39.4 million Kagamuga Airport runway upgrade on April 28 in Western Highlands Province. The project, described as a critical national priority, will see the exis...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) has welcomed the Government’s decision to grant an operator’s licence to Starlink, describing the move as a significant step towards improving nationwide connectivity. PNG CORE president Anthony Smaré said the licensing, issued through the National Information and Communications Technolo...

Prime Minister James Marape has reaffirmed Papua New Guinea’s strategic ties with China, calling for faster progress on the Frieda River mining project while seeking to significantly expand agricultural cooperation through Juncao technology during high-level engagements in Guangzhou. During talks with executives of Guangdong Rising Holdings Group, Mara...

Papua New Guinea has taken a decisive step towards the commercial rollout of Starlink services after a National Court ruling cleared legal barriers, while the sector regulator confirmed it has issued operator licences and senior officials called for coordinated implementation across government. Prime Minister James Marape welcomed the court’s decision,...

TISA Bank and Brian Bell are pleased to announce the signing of a Memorandum of Understanding to explore and develop financing solutions that support the adoption of green and blue products across Papua New Guinea. The partnership brings together two proudly home-grown PNG institutions with more than 50 years of history, service, and commitment to the ...

Papua New Guinea’s growth outlook is expected to moderate over the next two years as global economic pressures weigh on the region, according to remarks by Asian Development Bank (ADB) country director for PNG, Takafumi Kadono, at the launch of the 2026 Asian Development Outlook (ADO) on April 17 in Port Moresby. Kadono told stakeholders that developin...

A new five-year strategic partnership between state-owned wholesale telecommunications provider PNG DataCo Limited and Gobo All-Girls School of Excellence in Jimi, Jiwaka Province, is set to expand digital infrastructure investment in Papua New Guinea’s education sector, with a focus on improving access, connectivity, and ICT capacity for young women. ...

The Bank of Papua New Guinea (BPNG) marked Kina and Toea Day as part of its annual calendar of activities aimed at raising awareness of the country’s legal tender and its history. This year’s observance on 19 April 2026 also marked the 51st anniversary of the introduction of Papua New Guinea’s currency, the kina and toea, with BPNG launching a year-lon...

Pacific Lime and Cement Limited has signed a memorandum of understanding (MOU) with Dirio Gas and Power Company Limited to develop dedicated power infrastructure for its Central Lime and Cement projects in Central Province. The agreement establishes a framework for the potential development of a private 66-kilovolt transmission line and associated subs...

Papua New Guinea has set out an ambitious roadmap to strengthen food security and rural incomes through livestock development, as officials wrapped up senior-level discussions at the 38th session of the Asia-Pacific Regional Conference. Speaking at a special ministerial event focused on small island developing states, Sekie Agisa, minister for livestoc...

Bank South Pacific (BSP) has officially launched its upgraded EFTPoS platform, marking a major milestone in the bank’s ongoing modernisation journey and reinforcing its commitment to transforming payment experiences for customers across the Pacific. The launch of the Verifone EFTPoS system represents more than a year of planning, supported by a clear f...

Prime Minister James Marape has reaffirmed Papua New Guinea’s long-standing partnership with Japan, setting out plans to deepen cooperation in education, trade, clean energy and regional security following high-level talks with Japanese officials. Marape met with Matsuoka Hideaki, Shirouzu Kenichi and Hisanobu Mochizuki, highlighting what he described ...