The board of SD Guthrie, owner of New Britain Palm Oil Ltd., has agreed in principle to commence negotiations with the Government of Papua New Guinea on a long-term business partnership, including potential equity participation by the state in Ramu Agri Industries. The agreement followed a special board meeting held in Kuala Lumpur during a visit by Mi...

The National Airports Corporation (NAC) has advised the travelling public and stakeholders that the runway at Hoskins Airport in West New Britain will be further shortened to allow for essential upgrade works, with Stage 4 of the Method of Works Plan (MOWP) expected to commence by the end of the week, subject to the issuance of a Notice to Airmen (NOTAM)....

The National Information and Communications Technology Authority (NICTA) and the Centre for Excellence in Financial Inclusion Inc. (CEFI) have entered into a two-year Memorandum of Agreement (MoA) to establish a dedicated FinTech Incubation Centre at the Papua New Guinea University of Technology (Unitech) Taraka Campus in Morobe Province. The initiativ...

Communities in Kutubu and Bosavi have marked a major infrastructure milestone with the official launch of the Poroma–Kutubu Road Sealing Project on Wednesday, January 7, 2026, signalling a new phase of connectivity and development for the Kutubu district. The 106-kilometre road project, valued at K370 million, is expected to significantly improve acces...

The Bank of Papua New Guinea’s Monetary Policy Committee (MPC) has maintained the Kina Facility Rate (KFR) at 5.0 percent following its final meeting for 2025, signalling continuity in monetary policy settings amid moderating global growth and evolving domestic economic conditions. The decision was announced on 2 December 2025 after the Committee met t...

Prime Minister James Marape has launched Papua New Guinea’s National Fisheries Authority (NFA) Monitoring, Control and Surveillance (MCS) Command Centre in Daru, describing the facility as a critical step in protecting national sovereignty, securing marine wealth and strengthening the fisheries sector as a major pillar of the country’s future economic ind...

Comrade Trustee Services Limited (CTSL), the superannuation fund serving members of the Papua New Guinea Defence Force (PNGDF), has strengthened its governance framework and long-term strategic positioning with the appointment of Mr Chetan Chopra as Chairman of the Board. The appointment of Chopra was formally announced during a CTSL press conference h...

New PNG Defence Force facilities strengthen capability, drive workforce development By Roselyn Erehe The completion of the refurbished Garrison Engineer Compound at Murray Barracks in Port Moresby marks a strategic infrastructure investment that strengthens the operational capability of the Papua New Guinea Defence Force while delivering broader eco...

The Business Coalition for Women (BCFW) has positioned Papua New Guinea’s private sector at the centre of regional discussions on workplace safety and gender equality, following the presentation of its Poroman Walkabout Wantaim (Men as Allies) programme at the Australasian Aid Conference in Canberra. The programme was featured during a panel discussion...

The Paga Hill Paradise Apartments, located within the Paga Hill Special Economic Zone (SEZ), was officially opened by Prime Minister James Marape on 5 January 2026. The K130 million (USD 30.5 million), 22-storey luxury residential development sits on the Port Moresby beachfront, overlooking the historic Fairfax Harbour. It features 83 units, ranging fr...

The Bougainville House of Representatives has passed the 2026 ABG Budget, a K844,090,000 (US$198.4 million) financial plan aimed at strengthening Bougainville’s institutional readiness, economic transformation, and service delivery as the region progresses towards political independence. The Budget was tabled by the ABG Minister for Treasury and Financ...

Prime Minister James Marape has called on investors to support Papua New Guinea’s transformation from a resource-dependent economy to a manufacturing and green-energy powerhouse, outlining a 20-year vision during a live Q&A session with Australian journalist Tracey Spicer at PNG Investment Week. Looking ahead to 2040 and 2050, Marape emphasised the...

Prime Minister James Marape and Queensland Premier David Crisafulli on 10 December signed the Papua New Guinea–Queensland Memorandum of Understanding (MoU) 2025–2030 at the Queensland Parliament, establishing a framework to deepen Government-to-Government, Business-to-Business, and People-to-People ties. The MoU provides a multi-tiered structure for co...

Australia’s enduring commitment to Papua New Guinea’s economic reform has been reaffirmed by Ewen McDonald, Australian High Commissioner to Papua New Guinea and Special Envoy for the Pacific and Regional Affairs. Speaking at PNG Investment Week on 9 December in Sydney, McDonald highlighted what he described as a relationship “joined at the hip,” emphasisi...

The Asian Development Bank (ADB) and Air Niugini Limited have signed a $35.8 million financing package to modernise Papua New Guinea’s national airline, boosting efficiency and safety standards. The initiative is expected to strengthen both domestic and international connectivity while supporting the country’s social and economic growth. The package in...

The Independent State of Papua New Guinea (PNG), RD Tuna Canners Limited, and RD Corporation have reached agreement on the terms of the Project Development Agreement (PDA) for the cannery project within the new Madang Integrated Special Economic Zone (SEZ). The Letter of Agreement was signed on 9 December and witnessed by the Minister for International Tr...