Prime Minister James Marape held a series of meetings with senior US officials on 10 July, reinforcing strategic ties between Papua New Guinea and the United States in areas including trade, investment, security and fisheries cooperation. He engaged with representatives from the Pentagon, US Border Protection and the US Coast Guard, culminating in a ke...

Prime Minister James Marape has announced a landmark development in Papua New Guinea–United States relations, following a historic first-ever bilateral meeting at the White House between a sitting Papua New Guinean Prime Minister and a US Vice President. This milestone meeting, held during Prime Minister Marape’s official visit to Washington D.C., took...

The Bank of Papua New Guinea (BPNG) has submitted its 2024 Annual Report and Financial Statements to the Minister for Treasury, in accordance with the Central Banking (Amendment) Act of 2024. The report captures a pivotal year marked by structural reform, digital innovation, monetary tightening, and renewed focus on institutional integrity. The timely ...

Papua New Guinea must stop crafting “a rulebook for every project” and instead focus on building reliable, trade-enabling infrastructure to underpin a strong and inclusive economy, said Chey Scovell, Vice President of the Port Moresby Chamber of Commerce and Industry (POMCCI). Speaking at a POMCCI-hosted breakfast forum on Thursday, 3 July, at the Roya...

Kumul Consolidated Holdings (KCH), the trustee shareholder of the country’s state-owned enterprises (SOE), and PNGX Group Limited (PNGX Group), the holding company of PNGX Markets Limited, operator of Papua New Guinea’s national stock exchange, have signed a memorandum of understanding (MOU) aimed at improving SOE governance and unlocking new investment p...

15 June marked a significant milestone for Papua New Guinea as the government officially launched the Special Economic Zones (SEZ) Foundation Policy 2025–2032 during a high-profile ceremony at APEC Haus in Port Moresby—an event hailed by national leaders as a transformative moment in the country’s economic journey. Hosted by the Ministry of Internation...

Prime Minister Hon. James Marape and Autonomous Bougainville Government President His Excellency Ishmael Toroama today signed the landmark Melanesian Agreement in Port Moresby, charting a peaceful and legally defined course for the next phase of the Bougainville peace process. The ceremony was witnessed by Moderator Sir Jerry Mateparae, ministers from ...

Prime Minister Hon. James Marape has officially unveiled the inaugural board of Papua New Guinea’s National Rugby League (NRL) team and launched a national competition to name the team and compose its theme song, declaring the moment as “historic for sport and nation.” The announcement was made during a packed press conference held at the Santos Nation...

Prime Minister Hon. James Marape has restated his government’s strong and clear commitment to small and medium enterprises (SMEs), describing them as the “heartbeat of Papua New Guinea’s economic future”, and central to national efforts to grow the economy to K200 billion. Speaking during the 7th TISA Bank SME Breakfast and Awards Launch in Port Moresb...

The PNG Ports Corporation (PNG Ports) has presented a cheque of K200,000 to take up Gold Sponsorship for the upcoming 2nd Papua New Guinea Special Economic Summit that will be hosted at the APEC Haus in Port Moresby from August 31st- September 3rd, 2025. The Minister for International Trade and Investment, Hon. Richard Maru, thanked the Chairman of the...

As Papua New Guinea continues to strengthen its economic ties with Australia and the broader Pacific, Westpac is proud to reaffirm its commitment to regional growth and connectivity as a Diamond Sponsor of the 40th Australia Papua New Guinea Business Forum & Trade Expo. Held in Port Moresby, the Forum remains a cornerstone event in the bilateral bu...

The Minister for International Trade and Investment, Hon. Richard Maru, this morning, welcomed Mayur Industrials PNG Limited as a Gold Sponsor for the upcoming 2nd Papua New Guinea Special Economic Zones (SEZ) Summit, to be held at the APEC Haus in Port Moresby from August 31st to September 3rd, 2025. Mayur Industrials PNG Limited is a wholly owned sub...

In a crucial step towards improving transparency and governance in the extractive industries, the Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) convened a two-day Pre-Validation Workshop from 9–10 June in Port Moresby. The workshop brought together members of the Multi-Stakeholder Group (MSG) and staff from the PNGEITI National ...

The Kumul Consolidated Holdings (KCH) today presented a cheque of K200,000 to take up Gold Sponsorship for the upcoming 2nd Papua New Guinea Special Economic Summit that will be hosted in Port Moresby from August 31st- September 3rd, 2025. The Minister for International Trade and Investment, Hon. Richard Maru, thanked the Managing Director for KCH, Pro...

The Minister for International Trade and Investment, Hon. Richard Maru, today, confirmed that the Prime Minister, Hon. James Marape, is set to officially launch the Papua New Guinea Special Economic Zone Foundation Policy (2025- 2032) on Sunday evening of June 15, 2025, at the APEC Haus in Port Moresby. “I want to thank all the sponsors of the inaugura...

Prime Minister Hon. James Marape has praised the strengthening of bilateral relations between Papua New Guinea and France, following a landmark meeting with French President Emmanuel Macron during the 3rd United Nations Ocean Conference. Prime Minister Marape described the bilateral as “one of the most significant engagements” for Papua New Guinea at t...