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The Papua New Guinea Customs Service (PNGCS) has confirmed to PNG Business News that it has received new support for its frontline border-security operations, following the donation of information technology equipment and drug and precursor test kits from the United Nations Office on Drugs and Crime (UNODC). The package includes six IT equipment sets a...

Visa is deepening its presence in the Pacific with the launch of a new regional office in Suva, Fiji, in an investment poised to reshape digital payments and unlock new opportunities for businesses across the Pacific Islands. The new Fiji hub will strengthen Visa’s ability to support banks, financial service providers, merchants, SMEs, governments and ...

Papua New Guinea’s efforts to strengthen transparency in public asset management took a significant leap forward on 5 November 2025 with the launch of KumulSoft’s Fixed Asset Management Platform. “Between 2015 and 2019, over 48 percent of our public institutions had unresolved fixed-asset management issues amounting to more than K3.7 billion. In 2018 a...

Papua New Guinea’s small-business landscape received significant attention in early November, with the Australian Government reaffirming its long-term commitment to strengthening the country’s micro, small and medium enterprise (MSME) sector. At the 2025 PNG SME Awards in Port Moresby, Australia recognised the ingenuity, resilience, and economic contribut...

The Port Moresby Chamber of Commerce and Industry (POMCCI) hosted a special Business Breakfast on 29 October, welcoming a high-level trade delegation from New Caledonia. The event, held at the Royal Papua Yacht Club, brought together government leaders, diplomats, and business representatives from both nations to explore new opportunities in mining, indus...

Papua New Guinea Prime Minister James Marape and Brazilian President Luiz Inácio Lula da Silva have called for strengthened collaboration between their nations on climate leadership, forest and ocean conservation, and sustainable development, highlighting the shared responsibilities of forest-rich countries in the Global South. The discussions took place ...

Prime Minister James Marape of Papua New Guinea has called on world leaders to “act now and act responsibly” to save the planet, urging nations to honour their commitments under the Paris Agreement and embrace nature-based solutions as the foundation of global climate action. Speaking at the World Leaders Climate Action Summit during COP30 in Belém, Pr...

Prime Minister James Marape has announced that Papua New Guinea’s bid to once again host the Asia-Pacific Economic Cooperation (APEC) Leaders’ Summit has been accepted by APEC members for the year 2033. Prime Minister Marape made the revelation while commending his envoy to APEC 2025, Deputy Prime Minister John Rosso, for leading the PNG delegation and...

The Bank of Papua New Guinea (BPNG) and the Alliance for Financial Inclusion (AFI) have co-hosted a four-day Joint Learning Programme on Inclusive Green Finance (IGF) Policy Implementation, bringing together policymakers and central bankers from across the globe to strengthen climate-resilient and inclusive financial systems. Held in Port Moresby from ...

Papua New Guinea’s foreign exchange (FX) market remained active in the third quarter of 2025, with total market turnover reaching K16.2 billion (approximately USD 3.86 billion). According to BSP Financial Group Limited's (BSP) September Quarter Economic and Market Update, this represented a 9% increase compared with the same period last year, supported...

The final quarter of 2025 looks broadly positive, says BSP Group General Manager for Corporate Bank, Daniel Faunt, as he highlighted key insights from the September Quarter Economic Market Update. BSP Financial Group Limited (BSP) reported that business activity remained steady through the third quarter of 2025, supported by strong economic fundamental...

Four Westpac employees recently represented Westpac PNG at the Westpac Group Youth Network (TYN) Summit in Sydney, Australia, reinforcing the bank's commitment to fostering youth leadership and driving positive change in communities across Papua New Guinea. Corporate Affairs and Marketing Officer, Melanie Yumbrick; Staff Lending Manager, Fabian Aime; B...

PacSuper, Papua New Guinea’s oldest private-sector superannuation fund, is pleased to announce it has extended its partnership with Perpetual Investment Management Limited to support the ongoing evolution of the Fund’s investment strategy, effective 1 October 2025. The decision follows a comprehensive review of PacSuper’s Strategic Asset Allocation (SA...

South Bougainville is entering a new era of progress and energy transformation as the Autonomous Bougainville Government (ABG) moves forward with a series of high-impact infrastructure projects and the launch of the Buin Solar Farm and Innovation Hub. These landmark developments reflect Bougainville’s vision of a self-reliant, resilient, and inclusive eco...

The Mineral Resources Development Company (MRDC) has announced four landmark projects set to transform the economic landscape of Papua New Guinea’s gas-rich Hela Province. Formalised through key agreements signed in Tari on 17 October, the projects mark a new phase of investment aimed at accelerating development and improving local livelihoods. The ...

Nambawan Super Limited (NSL) continues to deliver on its commitment to improving the financial well-being of its Members through its ongoing Financial Literacy Training (FLT) Program, which has reached over 24,500 Members since its inception in 2021. Through this program, Nambawan Super has conducted Financial Literacy sessions for both public and priv...

Prime Minister James Marape has congratulated PNG Ports Corporation Ltd (PNG Ports) for its remarkable performance in the 2025 World Bank Container Port Performance Index (CPPI), describing the achievement as a proud moment for Papua New Guinea and a strong indicator of the country’s growing efficiency, resilience, and competitiveness in international tra...

Jongho Choi, the Ambassador of the Republic of Korea to Papua New Guinea (PNG), announced that the Korea International Cooperation Agency (KOICA) will establish its office in PNG following his meeting with the Minister for International Trade and Investment Richard Maru on 22 October. “This is a welcoming news. KOICA is South Korea's government agency ...