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...

New Zealand High Commissioner Georgina Roberts has reaffirmed her country's commitment to deepening economic and people-to-people ties with Papua New Guinea during her first official visit to Lae, the country's industrial and commercial hub. Roberts, accompanied by New Zealand Honorary Consul in Lae Zoe Harrison, met with local authorities, business le...

TISA Bank has officially opened its Kavieng Branch, marking a significant milestone in the bank's commitment to expanding access to banking services in New Ireland Province. The opening ceremony was held in Kavieng and attended by the Governor of New Ireland Province, the Honourable Byron Chan, alongside provincial leaders, TISA Bank representatives, b...

Papua New Guinea’s ports are more than gateways for cargo. They are the economic arteries of a nation. With a bold 30-Year Infrastructure Master Plan now being realised, PNG Ports Corporation is modernising its network to connect communities, attract investment and navigate towards the next generation of national growth. PNG Ports Corporation Limited (...

New Ireland Governor Byron Chan is pursuing international education partnerships aimed at strengthening the province's public sector workforce, a move viewed as central to efforts to improve governance, attract investment and prepare the province for greater autonomy and economic self-reliance. Chan traveled to the Philippines in the second week of Jun...

The Department of Prime Minister and National Executive Council (DPMNEC) has officially launched its Electronic Funds Transfer (EFT) Payment System as part of the government's efforts to modernise public-sector financial management, improve efficiency and strengthen accountability. The announcement was made by Chief Secretary to Government Ivan Pomaleu...

Papua New Guinea's Department of Information and Communications Technology (DICT) and the International Training Institute (ITI) have signed a five-year memorandum of understanding aimed at strengthening cooperation in artificial intelligence, digital skills development, research and innovation. The agreement, signed in Port Moresby on June 9, seeks to...