Search Results: 2022

Prime Minister Hon. James Marape recently (15.05.25) met with the Special Envoy of the Minister for Foreign Affairs of United Arab Emirates (UAE), His Excellency Mr. Omar Shedadeh to further discuss the strengthening of bilateral relations between the two countries, especially in trade and investment, and technical expertise by UAE to PNG in targeted area...

Steamships is pleased to announce the appointment of Mr. Emmanuel Auru as the new Group Legal Counsel. With over 16 years of experience across competition law, mergers and acquisitions, banking and finance, and economic regulation, Emmanuel joins Steamships from Westpac (PNG) where he held the position of Head of Legal & Company Secretary. “After a...

Thirty-five professionals from various testing laboratories across Papua New Guinea have been awarded certificates after successfully completing a fourday training on the International Standard ISO/IEC 17025:2017 – general requirements for the competence of testing and calibration of laboratories. The training was conducted at the Crown Hotel in Port M...

South Pacific Metals Corp. is pleased to announce new exploration work programs are underway at the Anga Project, following surface geochemistry targeting results confirming the Irinke Prospect’s priority nature and identifying several new gold prospects extensional to Irinke. Surface sampling will assist with prioritized drill targeting. Cathy Fitzger...

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 ...

On Thursday, April 10, 2025, Prime Minister Hon. James Marape officially launched Papua New Guinea's newest commercial bank, the National Banking Corporation (NBC), bringing the total number of commercial banks in the country to seven NBC is the transition from the former People’s Micro Finance Bank, and is a subsidiary of the National Development Bank...

The Cape Rodney Farmers & Settlers Association (CRFSA) in Abau District, Central Province is leading Papua New Guinea’s rubber production push with an ambitious development plan. The group announced a 10-year plan to cultivate 100 million rubber trees across the country, potentially turning thousands of hectares of arable land into productive rubbe...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) convened a Beneficial Ownership (BO) Technical Working Group meeting, bringing together key stakeholders to discuss strategies for enhancing BO transparency within the extractive sector. Representatives from the Bank of Papua New Guinea’s Financial Analysis and Supervision Unit (...

The Port Moresby Chamber of Commerce and Industry (POMCCI) and Business Advantage International recently hosted the “Women in Tech Business Breakfast,” part of the lead-up to Innovation PNG 2025. The event showcased a distinguished panel of women excelling in the fields of finance, software development, aviation, and digital transformation.  The eve...

Papua New Guinea’s economy is set to continue its strong recovery in 2025, fueled by robust resource exports, a record trade surplus, and solid government spending, according to the latest PNG Westpac Wailis, a quarterly economic update providing in-depth insights into the country’s economy. However, economic challenges remain, including persistent inf...

Prime Minister Hon. James Marape has commended the Ministry of Coffee, Ministry of Livestock, and Ministry of Oil Palm for their outstanding performance in 2024, highlighting their contributions to economic growth, rural development, and Papua New Guinea’s agriculture sector. Speaking after a meeting with Agriculture Minister Hon. John Boito, Coffee Mi...

Digicel PNG recently announced a major milestone in its mission to enhance connectivity across Papua New Guinea. Since April 2022, Digicel PNG has significantly expanded its network, reaching all 21 provinces and the Autonomous Region of Bougainville, enabling more Papua New Guineans to get connected. Over the past two years, Digicel PNG has built 115 ...

A special audit into Papua New Guinea’s largest infrastructure initiative, the Connect PNG Programme, will commence in March following the signing of an agreement between the government and two independent firms. The agreement was signed on February 25 by Acting Chief Secretary to Government Ivan Pomaleu, Deloitte Touche Tohmatsu, and Norths Projects L...

PNG Ports Corporation (PNG Ports), the dominant port operator and marine pilotage leader in Papua New Guinea, has raised the standard of PNG’s pilotage services following a programme of LNG tanker training undertaken in Port Moresby and Brisbane. Theoretical, practical, and simulator training finessed the skillsets of six of PNG Ports’ most experienced pi...

Conveniently located in the central business area, the new premise will enable Swire Shipping to be closer to its customers, partners and the community Swire Shipping has announced its move to a new office location in the central business area, at Gordons Business Centre, commemorating this milestone with a celebration attended by over 70 guests compri...

The long-standing dispute over the Kutubu Petroleum Development License 2 (PDL 2) benefit-sharing structure has reached a critical point, with landowners issuing a 14-day ultimatum to the national government to reinstate the original benefit-sharing arrangement. In response, the Minister for Petroleum, Hon. Jimmy Maladina, assured all parties that the ...

Prime Minister Hon. James Marape has provided assurances on the K1.4 billion (approximately A$580 million) loan from the Australian Government, stating that it is well within Papua New Guinea’s 2024 Budget framework and does not increase the country’s debt burden beyond planned fiscal targets. Speaking at the NASFUND FM100 Talkback Show launch, PM Mara...

K92 Mining Ltd. has announced a series of leadership changes and highlighted the significant contributions of Dr. Chris Muller and Dr. Mark Schubert, both of whom have played instrumental roles in the company’s achievements. Dr. Chris Muller, who joined K92 in 2016, most recently served as the Executive Vice President – Exploration. Dr. Muller was a me...