The 30th Papua New Guinea-Australia Ministerial Forum was held on 19th to 20th June, at the APEC Haus, in Port Moresby. The Ministerial Forum is an opportunity for Ministers from a range of key policy areas to advance PNG- Australia Partnership and shared priorities. The Ministerial Forum builds on the commitments from the Annual Leaders' Dialogue betw...
Papua New Guinea’s Kina Bank has announced a significant $7 million investment in WLTH, a rapidly growing Queensland-based fintech and neobank startup. This investment aligns with the goals outlined in the Queensland Pacific Trade and Investment Strategy, which was launched in November 2022 to bolster trade and investment opportunities in the region. A...
Australia has approved a significant loan of A$600 million (K1.54 billion) to Papua New Guinea to address the country’s 2023 budget shortfall and support essential economic reforms. This financial assistance follows a previous A$750 million loan provided in 2022, reflecting Australia’s continued commitment to aiding Papua New Guinea’s fiscal stability and...
The picturesque Gold Coast in Queensland played host to a significant convergence of business minds and political leaders from May 13 to 15, 2024, at the 39th Australia Papua New Guinea Business Forum and Trade Expo. Organised by the Australia Papua New Guinea Business Council alongside the Business Council of Papua New Guinea, the forum, themed “Climate ...
PNG Ports Limited (PNG Ports) has enhanced its maritime infrastructure, by completing a pre-bid site inspection with potential contractors for the Kimbe Port Upgrade Project in West New Britain Province in Papua New Guinea. This significant project is set to receive a substantial boost through part of the K1.5 billion Australian Government funding, f...
As Papua New Guinea takes its course towards a sustainable, climate-resilient future, the Climate FIRST Project stands as a point, to the power of partnership, innovation, and collective action in tackling the defining challenge of our time. Climate resilience and sustainable development was marked by the Climate FIRST Inception Workshop and the Memora...
The Mineral Resources Authority (MRA) has announced that it would donate K200,000.00 worth of relief supplies to the people of Yambale Village who have been affected by the landslide. Yambale village in the Maip-Mulitaka Rural Local Level Government in the Porgera-Paiela electorate, was affected out by landslide on May 24, 2024. The MRA has already ...
The Minister for International Trade and Investment, Hon. Richard Maru visited the Cocoland Sugar Development Project in Abau, Central Province recently. He was received by the Chairman of the company- Yaosoeng Sugar and Cane Consultant Company, Mr. Prapat Jenlapwattanakul and his team, the landowners, leaders of the community, and the people of Cocolands...
Prime Minister Hon. James Marape made a visit to the landslide-affected area of Maip-Mulitaka LLG in Porgera-Paiela, Enga, on Friday, May 31, 2024. Accompanied by Enga Governor Hon. Sir Peter Ipatas, Defence Minister Hon. Billy Joseph, and Hela Governor Hon. Philip Undialu, the Prime Minister met and talked to people affected by the May 24 disaster in ...
Prime Minister Hon. James Marape on Friday, May 24, 2024, launched the Madang Provincial Integrated Development Plan 2023-2027 in Madang Province. This marks the first drafted and approved development plan for Madang Province in over 20 years. Madang Governor, Hon. Ramsy Pariwa, made the announcement at a significant ceremony held at Bates Oval in Mada...
Prime Minister James Marape has announced an K18 million funding from the National Government to the Middle-Ramu District to construct the missing link Madang-Baiyer Road. The road will connect Madang and Baiyer in the Western Highlands Province and will serve as a short and alternate route to connecting the seven Highlands provinces. Prime Minister...
Hela Province Governor Philip Undialu has congratulated the Mineral Resources Development Company (MRDC) and Department of Petroleum for facilitating the opening of Hides Petroleum Development License 1 (PDL1) Bank Accounts Opening in Hela Province, Papua New Guinea. Governor Undialu commended this monumental achievement, saying: "I am pleased to see l...
The Mineral Resources Development Company (MRDC) spearheaded the launch and facilitation of the Petroleum Development License 1 (PDL1) Clan Bank Account Opening for the landowning communities of the PNG LNG project in Hides, Nogoli, Hela Province on May 21. This account opening process enables the clans to access their rightful royalty and equity entit...
Papua New Guinea DataCo and Oracle have signed a memorandum of understanding to advance the country’s critical digital infrastructure and to introduce world-class cloud infrastructure through the Oracle Alloy product. The MOU was signed on May 10th in Port Moresby as Information and Communication technology Minister Timothy Masiu welcomed Oracle Corpor...
Recognizing the paramount importance of human rights, both for Papua New Guineans and those engaging in business, investment, and other activities within the country, the PNG Government, through the Department of Justice & Attorney General (DJAG), is spearheading efforts to establish a National Human Rights Institution (NHRI). With financial backin...
The Minister for International Trade and Investment, Hon. Richard Maru recently announced that Cocoland Sugar Development Limited in Abau, Central Province, will be developed as a Special Economic Zone (SEZ). Minister Maru made this announcement in his meeting with the management team from Yaosoeng Sugar and Cane Consultant Company Limited (a Thai company...
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