The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) convened a Beneficial Ownership (BO) Technical Working Group meeting, bringing together key stakeholders to discuss strategies for enhancing BO transparency within the extractive sector. Representatives from the Bank of Papua New Guinea’s Financial Analysis and Supervision Unit (...

The Autonomous Bougainville Government (ABG) has imposed a moratorium on new foreign investments in business sectors reserved exclusively for indigenous Bougainvilleans. This directive, issued under the authority of the Minister for Commerce, Trade, Industry and Economic Development, Hon. Patrick Nisira, is in line with Bougainville Executive Council (...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) successfully hosted a media briefing on Benefit Sharing Agreements in collaboration with ABC International Development - Media Development Initiative, PNG (ABC-MDI) on Friday, March 7, 2025, in Port Moresby. This media briefing provided valuable insights on Benefit Sharing Agreements (BS...

The Mineral Resources Development Company (MRDC), through its subsidiary Gas Resources PNG LNG Plant Limited, has successfully delivered a K2-million infrastructure project to the Rearea Junior High School, benefiting communities affected by PNG LNG Plant. The project, which took five months to complete, was funded through MRDC’s Community Infrastructu...

Minister for Higher Education, Research, Science, and Technology, Hon. Kinoka Feo, has reaffirmed the government’s commitment to research-driven national development with the launch of the National Research Institute’s (NRI) Corporate Plan 2024-2028 and Revised Strategic Plan 2021-2030 last March 6.   The Corporate Plan is linked to the PNGNRI Strategi...

PNG's education sector now offers more opportunities for students to pursue affordable, high-quality tertiary education in their own country with the official opening of the Philippines Christian University (PCU) Papua New Guinea Campus. This University is part of a broader vision of the founder and Director of Waigani Christian College and member for ...

The PNG Chamber of Resources & Energy (PNG CORE), in collaboration with the Mineral Resources Authority (MRA), participated in the 2025 Prospectors & Developers’ Association of Canada (PDAC) convention, held in Toronto, Canada, from March 2-5. PDAC is the world's largest mining conference, attracting over 27,000 delegates and featuring more tha...

The Special Economic Zone (SEZ) of the Konebada Industrial Park project is underway with the establishment of a fabrication and training facility known as the Central Industrial Center, Portion 152. This project is spearheaded by Kumul Petroleum Limited (KPL) and is expected to create thousands of jobs and significantly boost the country’s manufacturin...

The Port Moresby Chamber of Commerce and Industry (POMCCI) and Business Advantage International recently hosted the “Women in Tech Business Breakfast,” part of the lead-up to Innovation PNG 2025. The event showcased a distinguished panel of women excelling in the fields of finance, software development, aviation, and digital transformation.  The eve...

Papua New Guinea’s economy is set to continue its strong recovery in 2025, fueled by robust resource exports, a record trade surplus, and solid government spending, according to the latest PNG Westpac Wailis, a quarterly economic update providing in-depth insights into the country’s economy. However, economic challenges remain, including persistent inf...

Digicel PNG recently announced a major milestone in its mission to enhance connectivity across Papua New Guinea. Since April 2022, Digicel PNG has significantly expanded its network, reaching all 21 provinces and the Autonomous Region of Bougainville, enabling more Papua New Guineans to get connected. Over the past two years, Digicel PNG has built 115 ...

Papua New Guinea is set to showcase its trade and investment potential, cultural heritage, and tourism opportunities at the Osaka World Expo 2025, which will take place in Kansai, Japan, from April 13 to October 13, 2025. The Minister for International Trade and Investment, Hon. Richard Maru, announced this on February 28th in Port Moresby, emphasizing...

A special audit into Papua New Guinea’s largest infrastructure initiative, the Connect PNG Programme, will commence in March following the signing of an agreement between the government and two independent firms. The agreement was signed on February 25 by Acting Chief Secretary to Government Ivan Pomaleu, Deloitte Touche Tohmatsu, and Norths Projects L...

The team leading the investigation into East New Britain Palm Oil Limited (ENBPOL) submitted its final report on February 27 to the Minister for International Trade and Investment, Hon. Richard Maru, in Port Moresby, the ministry said in a statement. The Deputy Chairman of the Investigation Team, Mr. Tony Waisi, handed over the report, marking the comp...

Education is a key factor in breaking the cycle of poverty, leading to a stronger workforce and economic development in the long term, the Member for Kerowagi District, Hon. Francis Kikin Siune, said. MP Siune said this on February 12 in unveiling a major education assistance initiative under the District Development Authority (DDA), committing K3.7 mi...

Minister for Defence Dr Billy Joseph recently hosted by the Australian Deputy Prime Minister (DPM) and Minister for Defence, Richard Marles for the 2025 Papua New Guinea-Australia Defence Ministers’ Meeting in Brisbane, Australia. The two Ministers reaffirmed the defence relationship as a key pillar of the Comprehensive Strategic and Economic Partnersh...