The National Government, through the Ministry of International Trade and Investment, the Madang Provincial Government, and RD Corporation, have reached an agreement to initiate immediate feasibility studies for the proposed Madang Integrated Special Economic Zone (SEZ) in Vidar, Madang. In discussions recently concluded at the RD Corporation Headquarte...

Prime Minister Hon. James Marape recently delivered a stirring call to action, urging all Papua New Guineans to work relentlessly over the next 20 years, starting in 2025, to transform the nation into a high-income economy and shift from being an exporter of raw resources to a manufacturer. Speaking upon his return from the 79th United Nations General ...

Papua New Guinea's latest score on the Corruption Perception Index (CPI) is 29 out of 100, showing a slight improvement of one percent from 28 out of 100 in 2021. Despite this progress, PNG remains among many countries with little to no improvement in tackling corruption. This data was highlighted by PNG National Planning Minister Sir Ano Pala during t...

The Australia-Papua New Guinea Business Exchange (APNGBX) recently highlighted opportunities for collaboration and investment in PNG's growing economy. Key discussions focused on infrastructure development, renewable energy, and the broader economic landscape. Key Takeaways included: Global Economic Trends: Senior Economist Justin Smirk from Westpac Ba...

Prime Minister Hon. James Marape recently delivered Papua New Guinea’s Country Statement at the 79th session of the United Nations General Assembly high-level debate. Speaking along the session theme of ‘Leaving no one behind: Acting together for the advancement of peace, sustainable development, and human dignity for present and future generations’, t...

Prime Minister Hon. James Marape has requested the United Nations secretariat to assist forest nations like Papua New Guinea advocate stronger on forest preservation and climate financing to assist these nations in their development aspirations. The Prime Minister put the special request to United Nations Secretary-General Antoinio Guterres in a bilate...

The Australian Minister for International Development and the Pacific, Hon. Pat Conroy, officially launched the Australia-PNG Development Partnership Plan (DPP) for 2024-2029 at the Australian High Commission on Thursday 19th September in Port Moresby, Papua New Guinea. This initiative reinforces Australia’s commitment to PNG as its largest development...

The Papua New Guinea Extractive Industries Transparency Initiative is looking at investing in its own staff to drive forward the goals and objectives of the Secretariat. PNGEITI recently employed eight new professionals boosting the number of employees to 17. Executive Director, Lucas Alkan says PNGEITI is in a transactional phase passing on from being a ...

The Bisnis PNG Supplier Management Portal (SMP), launched by the PNG Institute of Banking and Business Management (IBBM), is empowering local businesses to increase their visibility and access opportunities. The SMP, a collaboration between IBBM and ExxonMobil, aims to connect businesses and people, and promote entrepreneurial development. It provides ...

As Papua New Guinea (PNG) approaches its 50th Golden Jubilee of independence, the country reflects on its development across the business, resource, and industrial sectors. A key topic at the forefront of discussions is National Content, which emphasizes the participation of local businesses and workforce in resource projects, aiming to ensure that PNG...

Papua New Guinea will move more into downstream processing and manufacturing of its resources, Prime Minister Hon. James Marape said in his address to the nation for the 49th Anniversary of PNG’s Independence. Stating the importance of working together to build a robust, inclusive economy, Marape also stressed the need to diversify PNG’s economy beyond...

Papua New Guinea hosted several key events this year, including the 2024 IPA Regulators Summit in July. At the summit, regulatory agencies shared their roles, responsibilities, and plans. These agencies are vital to the nation's economic development, ensuring compliance with laws and supporting government initiatives. During the summit, PNG Customs Chi...

The Minister for International Trade and Investment, Hon. Richard Maru, has highlighted Papua New Guinea's (PNG) new focus on attracting Indonesian investments following recent high-level engagements between the two nations. These include State Visits by the Heads of both countries, a trade and investment mission led by Deputy Prime Minister Hon. John Ros...

Prime Minister Hon. James Marape on Friday, September 6, 2024, held bilateral talks with the Prime Minister of the Republic of Vanuatu, Hon. Charlot Salwai, at Sir Manasupe Haus in Port Moresby. The two leaders met for brief discussions on the sidelines of the Papal Visit to Papua New Guinea. Among the key topics discussed were PNG’s assistance to Vanu...

Prime Minister Hon. James Marape has expressed deep gratitude to Pope Francis on his de- livery of messages of service, unity and peace to the people of Papua New Guinea. Prime Minister Marape and his wife, Mrs Rachael Marape, joined the Pontiff, his clergy, and thousands of Catholic worshippers at Sir John Guise Stadium in the 3-hour mass before meeti...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) added two new female councillors to its council at its annual AGM last week as CORE's membership renewed its council and leadership. The AGM confirmed the re-election of President Anthony Smarè as independent President, and Senior Vice President Richard Kassman (TotalEnergies), who will ...