PacSuper had announced the appointment of Chris Hagan as Chief Executive Officer, effective 1 June 2025, succeeding Eric Kramer, who has resigned from the role after leading the organisation through a period of significant change and transition. Mr Hagan returns to PacSuper with deep superannuation experience, having previously served as CEO of the fun...

Port Moresby, 24 July 2025 – Prime Minister James Marape today welcomed Anna Bjerde, managing director for Operations at the World Bank, to Papua New Guinea for high-level discussions on the country’s development progress, fiscal reform and enhanced partnership with the World Bank Group. Bjerde, who was accompanied by senior World Bank leadership, comm...

Economic growth in Pacific island nations is expected to hold steady this year but slow slightly in 2026, according to the Asian Development Bank’s latest Asian Development Outlook (ADO) released 23 July, 2025. The ADB maintained its 2025 growth projection for the Pacific at 3.9 percent, while the 2026 forecast has been adjusted downward to 3.5 percent...

BUKA — The Autonomous Bougainville Government, through the Department of Treasury and Finance, is modernising its public finance systems with a new contract signed with FreeBalance Inc. to implement a financial management platform aimed at improving transparency, accountability and service delivery. The contract was formally signed last week by Kearnne...

The PNGX Group Limited, operator of Papua New Guinea’s national stock exchange, has welcomed the strong support of Minister for State Enterprises William Duma for expanding public participation in the local capital markets through the recent sale of BSP Financial Group Limited (BSP) shares. Minister Duma confirmed that only Papua New Guinean citizens a...

Westpac Banking Corp. has lowered Papua New Guinea’s economic growth forecast for 2025 from 5.1 percent to 4.7 percent, attributing the revision to a stronger-than-expected 2024 base. But despite the downgrade, the Australian bank remains broadly upbeat about the country’s economic trajectory, underpinned by sound fundamentals, improving liquidity and res...

Kundu Finance, one of Papua New Guinea’s newest but fastest growing financial institutions, is setting a new standard in responsible lending, one that blends cultural identity, innovation, and a people-first approach. Recognizing the daily demands of the modern workforce, Kundu Finance offers online loan applications that allow clients to apply from an...

For six decades, the PNG Institute of Banking & Business Management (IBBM) has stood at the forefront of professional development and business education in Papua New Guinea. From the institution’s humble beginnings to becoming the nation’s premiere leadership and training institution, IBBM has continuously evolved to meet the needs of PNG’s people,...

Resources & Investment Finance Limited (RIFL) has gained a strong reputation for its fast and flexible finance solutions. RIFL’s new General Manager - Business Development, Russell Evans, has set his eyes on smarter, sustainable finance to empower businesses in Papua New Guinea (PNG). In an exclusive interview with PNG Business News, Evans shared h...

PNGX Group Limited (PNGX Group), holding company of Papua New Guinea’s national stock exchange, is pleased to announce the appointment of Mr. Samson Korawali to the Board of PNGX Group. Mr Korawali is a seasoned technology professional with over 18 years of global experience specializing in delivering innovative solutions across diverse industries in t...

On April 23, 2025, The Centre for Excellence in Financial Inclusion (CEFI) and the Papua New Guinea University of Technology (Unitech) formally signed a Memorandum of Understanding (MoU) to establish a Fintech Incubation Centre at Unitech’s campus in Lae. The new Fintech hub will play an important role in supporting the development and growth of financ...

In a region where digital transformation is both a challenge and an opportunity, global payments leader Visa is actively working to bridge the financial gap through inclusive innovation. In the recent Innovation PNG Conference 2025 in Port Moresby, Visa Country Manager for New Zealand and the Pacific Islands Anthony Watson revealed an ambitious 2030 vi...

The Bank of Papua New Guinea (BPNG) has announced its new executive structure as part of its commitment to becoming a modern, digital, and trusted central bank under its recently developed “Vision 2050” strategy. The announcement follows a detailed and extensive strategy development process over the past two years. Since its establishment in 1973, the ...

Papua New Guinea and the Pacific Island countries and territories are on the frontline of climate and biodiversity loss impacts. “Your voices are decisive to push for higher climate ambition, adaptation solutions and also financial promises,” said Virginie Bleitrach, AFD’s Regional Director Pacific Ocean, during the inaugural Green Finance Summit 2025 ...

The Centre for Excellence in Financial Inclusion (CEFI) and the Western Pacific University (WPU) have signed a landmark Memorandum of Understanding (MoU) to jointly promote entrepreneurship, fintech, financial literacy, and microfinance education in Papua New Guinea (PNG). The MoU between CEFI and WPU signifies a collaborative effort to advance educati...

The new National Banking Corporation (NBC) is planning to publicly list its stocks for public purchase as early as next year 2026, with Prime Minister Hon. James Marape calling on Papua New Guineans to prepare themselves in anticipation of this event. Prime Minister Marape, while launching the new commercial bank on Thursday (10.04.25) evening, urged P...