The management team from a Filipino multi-billion-kina company, Century Peak Holdings Limited Corporation, visited Papua New Guinea (PNG) this week to assess major investment opportunities in the country. Their specific interest is to start a 10,000 hectares rice farm, invest in property within the Paga Hill Special Economic Zone, and they also want to in...

The Westpac Wailis Papua New Guinea Economic Update and Outlook for May 2025 published on 2 June shows a commodity boom, resource sector investments, and policy reforms are driving optimism amid global trade tensions. Titled “Optimistic 2025: PNG mostly resolves forex issues, sees favourable commodity prices,” the report shows the outlook for this year...

The government has officially launched the 2nd Papua New Guinea Special Economic Zones Summit that will be hosted at the Hilton Hotel in Port Moresby from 31 August to 3 September 2025.   “This summit will be like no other. It will be the most useful and productive in our nation’s history. It will redirect the course of our nation,” Hon. Richard Maru, ...

The Department of Works and Highways (DoWH) and the Department of Lands and Physical Planning (DLPP) officially signed a Memorandum of Understanding (MoU) on Tuesday, 3 June, aimed at resolving long-standing land acquisition challenges that have delayed road projects nationwide. The MoU is anchored in national legal instruments including the Constituti...

PNG Ports Corporation Ltd (PNG Ports), which owns and operates 15 ports across Papua New Guinea, is advancing a major port upgrade program set to transform the nation’s maritime infrastructure. Supported by a combination of international donor funding and internal investment, the decade-long initiative will deliver critical improvements to six ports. Work...

The Marape-Rosso Government is committed to creating a more attractive business environment through investments in ease of doing business interventions by the Government and key Government Agencies, says the Minister for International Trade and Investment, Hon. Richard Maru. Minister Maru made this statement this morning in his keynote address to the m...

Prime Minister Hon. James Marape has reaffirmed his government’s strong commitment to transforming Papua New Guinea’s aviation sector through the ongoing implementation of the Civil Aviation Development Investment Programme (CADIP), saying it is key to unlocking economic potential across the country. Speaking from the Autonomous Region of Bougainville,...

Prime Minister James Marape officially launched the aircraft pavement strengthening, new terminal building, and associated works project at Aropa Airport, marking a significant milestone in the Civil Aviation Development Investment Project I (CADIP I). In his keynote address, he thanked the Asian Development Bank, National Airports Corporation and the ...

Papua New Guinea’s economic prospects remain positive in 2025 despite rising global uncertainties, according to the latest PNG Economic Update released on 30 April by Justin Smirk, Director and Senior Economist at Westpac. The report shows strong domestic fundamentals, firm growth forecasts, and increased investor confidence, even amid volatile global ...

Papua New Guinea is modernising its air traffic management systems through a collaboration between NiuSky Pacific Limited and UK-based aviation technology company Micro Nav. The agreement was officially signed during a high-level meeting at Micro Nav’s Head Office, attended and formally endorsed by PNG Minister for Civil Aviation, Hon. Wake Goi MP. ...

Papua New Guinea (PNG) is on a steady path toward economic growth, driven largely by informal sector consumer spending, record-high commodity prices, and a resurgence in foreign direct investment, according to Dr Kishti Sen, ANZ international Economist for Papua New Guinea and the Pacific. Sen presented the economic update was during the Port Moresby C...

For the first time in 50 years, the Government of Papua New Guinea (PNG) through the Minister for International Trade and Investment, Hon. Richard Maru, formally conveyed to the Japanese Government that PNG is very keen and anchor its trade and relationship with Japan through a Comprehensive Economic Partnership Agreement (CEPA) into the future. Minist...

The Expo Site in Osaka, Japan, is crowded with visitors every day from 9am to 9pm with one-third being foreigners and two-thirds from Japan, reported the Commissioner-General of Section Papua New Guinea (PNG), Ambassador Gabriel Dusava during the visit of the Minister for International Trade and Investment, Hon. Richard Maru, to the Expo Site yesterday. ...

The Director for Pacific Islands Centre in Japan, Mr. Ryuzo Saito is calling on the Government of Papua New Guinea (PNG) to sort out important lingering trade issues hindering Japanese business, investment, and tourism interest in PNG. Mr. Saito raised this in his meeting this morning with the Minister for International Trade and Investment, Hon. Richa...

The Centre for Excellence in Financial Inclusion (CEFI), in close partnership with the Department of Education (DoE) through its Curriculum Development Division (CDD), has successfully concluded the two-week Financial Education Curriculum Validation Workshop, culminating in the delivery of 40 fully aligned educational resources. This marks an important st...

Papua New Guinea and Australia should not take each other for granted but work together with shared goals for the prosperity of each of their people. Prime Minister Hon. James Marape said this during the “Yumi Stap Wantem’’ event on Wednesday (14.05.25) evening. The event was organized by the Australian High Commission as part of the lead-up programs o...