Senior economists highlight fuel subsidy risks, kina stability and growth opportunities at POMCCI breakfast meeting By Roselyn Erehe Questions surrounding the long-term sustainability of Papua New Guinea’s fuel stabilisation measures, the future direction of the kina, and the readiness of businesses to absorb rising costs dominated discussions durin...

Papua New Guinea’s economic outlook, investment opportunities and long-term development priorities took centre stage during a business breakfast session hosted at the Royal Papua Yacht Club in Port Moresby on Wednesday, May 20, where leading economists and private sector representatives discussed the country’s future through a “Five Ps” framework — Petrol...

Papua New Guinea has signed a Framework Agreement on Enhanced Economic Partnership with China, paving the way for deeper bilateral trade cooperation and future negotiations on a potential free trade agreement between the two countries. The agreement was signed on May 21 in Suzhou, China, by Papua New Guinea Minister for International Trade and Investme...

Australia has announced a major new push to support Papua New Guinea’s telecommunications and digital infrastructure sector, with Australian Minister for Pacific Island Affairs Pat Conroy outlining plans aimed at accelerating economic growth, expanding business opportunities, and improving nationwide connectivity in PNG. Speaking at the 41st Australia ...

Prime Minister James Marape has invited French investors, financiers and technology firms to expand into Papua New Guinea as the country positions itself for long-term growth driven by energy, infrastructure and industrial development. Speaking during a high-level meeting hosted by MEDEF International in Paris, Marape told representatives from major Fr...

Papua New Guinea is nearing the signing phase for the redevelopment of the Port of Rabaul following high-level talks in Paris between Prime Minister James Marape, French development agency Agence Française de Développement, or AFD, French government officials and European development partners. The discussions, held on May 19, focused on infrastructure ...

Prime Minister James Marape says the government’s Connect PNG infrastructure program is intended to transform road networks into “economic corridors” that unlock agriculture and other renewable-sector opportunities across Papua New Guinea. Speaking on the government’s nationwide road connectivity agenda, Marape said roads being developed throughout the...

Papua New Guinea used the global Women Deliver 2026 Conference in Melbourne, Australia, to highlight the country’s growing investment in gender equality, reproductive health, and long-term strategies to address gender-based violence, with leaders emphasising the importance of empowering women and girls. National Capital District Governor Powes Parkop, ...

Papua New Guinea has strengthened its push to become a regional leader in sustainable ocean industries following the successful hosting of the inaugural 2026 Melanesian Ocean Summit at APEC Haus in Port Moresby from May 11–14. Held under the theme “Ensuring Ocean Protection with Sustainable Ocean Economies,” the four-day summit brought together Pacific...

The Asian Development Bank (ADB) and the National Capital District have entered discussions on future urban development and infrastructure investment opportunities for Port Moresby following a meeting between newly appointed ADB Country Director Takafumi Kadono and NCD Governor Powes Parkop on 13 May, in Port Moresby. The courtesy orientation meeting f...

Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia has said the reopening of Bank South Pacific’s (BSP) Tari Branch in Hela Province is a significant step toward strengthening financial inclusion, supporting small businesses, and improving economic participation in rural Papua New Guinea. Speaking at the official reopening ceremony in Tari Town o...

Andrew Cairns, chief executive of Westpac PNG, has been appointed President of the Australia Papua New Guinea Business Council (APNGBC), reinforcing his commitment to strengthening economic ties and advancing business opportunities between Australia and Papua New Guinea. The Australia Papua New Guinea Business Council is a member-based organisation tha...

TISA Bank Limited has formalised a lease agreement with the Enga Provincial Government to establish a new branch at the Dr. Samson Amean Commercial Centre in Wabag. The agreement also enables TISA Insurance to operate from the same location, allowing both entities to deliver integrated banking and insurance services to the people of Enga Province. L...

TISA Bank Limited has strengthened its engagement with small and medium-sized enterprises through an SME Road Show held in Alotau, aimed at promoting financial inclusion and supporting business growth in Papua New Guinea’s regions. The road show, conducted on May 2, brought together SMEs, cooperatives and local business owners to showcase the bank’s SM...

The Board of the Bank of Papua New Guinea (BPNG) has endorsed a new Emergency Liquidity Assistance (ELA) Policy Framework aimed at strengthening the central bank’s ability to respond to extreme short-term liquidity pressures within the country’s banking system. In a statement issued on April 30, 2026, and authorised by Governor Elizabeth Genia, the cen...

Papua New Guinea has positioned transport and energy connectivity as critical pillars for economic transformation across the Pacific following the conclusion of the 6th Pacific Regional Energy and Transport Ministers’ Meeting (PRETMM), held in Port Moresby from May 4, to May 8. Chair of the meeting and PNG Transport Minister Hon. Miki Kaeok said the re...