PNG Chamber of Resources and Energy (PNG CORE) President Anthony Smaré has called for stronger collaboration between government, industry, landowners and communities to ensure Papua New Guinea's next generation of resource projects delivers lasting economic and social benefits, as PNG Resources Week 2026 officially opened on Monday, July 13, at APEC Haus ...

The operationalisation of Papua New Guinea's long-awaited Sovereign Wealth Fund (SWF) has the potential to transform the country's economic future by converting finite resource wealth into lasting national prosperity, according to Sovereign Wealth Fund Chief Technical Adviser Ian Tarutia. Speaking during Session 3A, "Resource Revenue and Local Value," ...

Papua New Guinea and Australia have entered what Prime Minister James Marape described as a new era of "equal partnership" following the signing of a landmark defence treaty that will deepen military cooperation while expanding collaboration in trade, investment, labour mobility and skills development. Marape said the Papua New Guinea-Australia Defence...

Papua New Guinea is moving ahead with the rollout of the proposed Madang Integrated Special Economic Zone (MISEZ), with government approval for a joint venture between the state and RD Tuna Canners Ltd expected within the next two weeks. The proposed joint venture, involving Kumul Consolidated Holdings on behalf of the state and RD Tuna Canners Ltd, is...

The National Airports Corporation (NAC) has awarded contracts to three Papua New Guinean transport companies to operate premium taxi services at Port Moresby International Airport, marking the first time locally owned operators will provide a dedicated airport taxi service under a formal concession. The premium taxi service will begin on July 13, with ...

Air Niugini will resume direct flights between Port Moresby and Tokyo on July 18, restoring a key international route suspended since 2020 and strengthening air links between Papua New Guinea, Japan and the wider Pacific. The national carrier will operate two weekly services every Wednesday and Saturday between Port Moresby and Tokyo's Narita Internati...

Papua New Guinea and Solomon Islands have reaffirmed their commitment to strengthening economic cooperation, with trade, investment, transport and resource development taking centre stage during talks between Prime Minister James Marape and Solomon Islands Prime Minister Jeremiah Manele. The discussions, held in Port Moresby in June, reviewed progress ...

The New Ireland Development Corporation (NIDC) is stepping up efforts to attract strategic investment and forge new partnerships as part of a broader strategy to drive economic growth, create jobs and expand commercial opportunities across New Ireland Province. New Ireland Governor Byron Chan said the corporation is beginning to deliver on its renewed ...

Papua New Guinea has taken a significant step in its digital transformation programme after signing a Memorandum of Understanding (MoU) with Australia's Queensland University of Technology (QUT) to strengthen digital government capabilities through research, innovation and workforce development. The agreement was witnessed by Prime Minister James Marap...

Prime Minister James Marape has ordered an independent audit of Papua New Guinea's small and medium enterprise (SME) funding programme following allegations over the management and disbursement of public funds, while reaffirming the government's commitment to supporting local businesses. Marape said concerns raised by members of the public and other st...

Papua New Guinea's economy is expected to remain one of the stronger performers in the Pacific this year, with growth supported by robust resource exports, improving foreign exchange conditions, resilient domestic demand and a pipeline of major resource and infrastructure investments despite mounting global risks, according to Westpac's latest *PNG Econom...

The Papua New Guinea Forest Authority (PNGFA) has strengthened its operational capacity with new communication and video-conferencing equipment provided under the European Union-funded Forestry-Climate Change-Biodiversity (EU-FCCB) Programme, a move expected to improve efficiency, reduce operating costs and support sustainable management of one of the cou...

The New Ireland Provincial Government (NIPG) in Papua New Guinea has unveiled a record revised budget of K499.57 million, placing infrastructure investment, economic diversification and greater provincial self-reliance at the centre of its development agenda. Presenting the revised budget to the New Ireland Assembly on 22 July, Provincial Governor Byro...

A new partnership to establish downstream balsa processing in Oro Province of Papua New Guinea is being hailed as a significant step towards industrialisation, with plans to transform Kararata into a future Special Economic Zone (SEZ) aimed at attracting investment, creating jobs and increasing export value. The Popondetta District Development Authorit...

Papua New Guinea has launched the K2.5 billion Port Moresby International Airport (PMIA) Redevelopment Project, one of the country's largest aviation infrastructure investments, aimed at transforming Jacksons International Airport into a modern aviation gateway and strengthening PNG's position as a regional aviation and economic hub over the next 50 years...

The National Airports Corporation (NAC) has advised airlines, businesses and the travelling public that runway restrictions at Kiunga Airport will remain in place as the airport upgrade project enters its next phase. NAC said the Kiunga Airport Upgrade Project in Western Province has reached 48% completion, with significant progress recorded on both ai...