Search Results: fish

Papua New Guinea has concluded its Second Special Economic Zone (SEZ) Summit, hailed as the country’s largest international investment gathering to date, drawing over 450 delegates, including more than 100 foreign investors from Asia and the Middle East. The three-day summit, held from 1–3 September at APEC Haus in Port Moresby, has been described by orga...

The European Union is advancing its Global Gateway strategy in Papua New Guinea (PNG), with European Commissioner for International Partnerships Jozef Síkela arriving in Port Moresby on 11 September to strengthen investment ties and development cooperation. His two-day visit concluded on 12 September with the signing of a PGK 125 million budget support pr...

Papua New Guinea (PNG) marks half a century of independence this year, a journey defined by cultural resilience, political milestones, and the transformation of its resource-driven economy.  From shedding colonial rule in 1975 to emerging as a strategic player in regional diplomacy and climate advocacy, PNG’s story is a tapestry of triumphs and challen...

Prime Minister James Marape has urged Papua New Guinea and its Pacific neighbours to take full control of their ocean resources, declaring that the region must no longer remain a “beggar” while foreign powers exploit its fisheries wealth. He was speaking in Port Moresby at the National Fisheries Authority’s (NFA) 25th anniversary celebrations, where he...

Papua New Guinea Prime Minister James Marape, MP, has called for stronger civil society engagement to ensure the Pacific’s regional architecture delivers stability, good governance and sustainable economic growth. In his intervention statement at the 54th Pacific Islands Forum (PIF) Leaders’ Dialogue with Civil Society on 9 September in Honiara, Solomo...

Prime Minister James Marape has reaffirmed Papua New Guinea’s commitment to investor confidence and economic diversification, telling international and local business leaders that Special Economic Zones (SEZs) will drive growth while upholding the rule of law and ensuring strong returns. Speaking at the Second PNG SEZ Summit in Port Moresby, Marape hig...

The Governments of Papua New Guinea and Solomon Islands have taken a decisive step to strengthen their economic and cultural bonds with the soft launch of the Papua New Guinea–Solomon Islands Business Council. Held in Port Moresby, the event brought together leaders from government and business, with both Prime Ministers hailing the initiative as a mil...

For more than a century, the Steamships Group of businesses has underpinned Papua New Guinea’s maritime and logistics sector. Today, its Logistics Division is one of the country’s most complete logistics services providers – spanning sea, land and portside solutions – geared to support the oil, gas and resources sectors. Nick Fisher, CEO of Steamships ...

Papua New Guinea faces imminent placement on the Financial Action Task Force (FATF) “Grey List” by 2026, a move that Bank of Papua New Guinea Governor Elizabeth Genia says will have serious implications for investment, trade and the cost of doing business. Speaking at the Port Moresby Chamber of Commerce and Industry (POMCCI) Breakfast Meeting on 6 Aug...

The Autonomous Bougainville Government (ABG) has reiterated that the harvesting and trading of beche-de-mer (sea cucumber) remains strictly prohibited across the region until further notice, despite recent confusion sparked by a national advertisement. In a statement, Kenneth Dovaro, secretary of the ABG Department of Primary Industries and Marine Reso...

Port Moresby, 25 July 2025 — Prime Minister James Marape has welcomed the International Court of Justice’s (ICJ) landmark advisory opinion on climate change, delivered on 23 July, calling it a “monumental victory for climate justice” and a major step forward for Pacific nations like Papua New Guinea. The advisory opinion, requested by the United Nation...

Prime Minister Hon. James Marape has successfully concluded a high-level visit to Japan, marking a milestone in Papua New Guinea–Japan relations as both nations celebrate 50 years of diplomatic partnership. The visit, which included key engagements in Osaka and Tokyo, showcased deepening cooperation in trade, investment, fisheries, energy, education an...

Port Moresby, Papua New Guinea — Prime Minister James Marape on Tuesday officially commissioned the MV IBK, a new landing craft barge representing the people of Ihu, Baimuru and Kikori, and launched the Kikori District Five-Year Development Plan at a ceremony held at Fairfax Wharf. Under the theme “Charting our way: one development plan, one people, on...

The European Union Ambassador to Papua New Guinea Jacques Fradin reaffirmed the EU’s long-term commitment to PNG, emphasising innovation, climate action and deepening trade and development partnerships under a transformative “global gateway” approach. The European Union (EU) has been a long-standing partner of PNG since independence, strengthening ties...

Washington, D.C., USA, 11 July 2025 – Prime Minister Hon. James Marape has reiterated Papua New Guinea’s unwavering commitment to macroeconomic stability, fiscal reform, and debt sustainability during a high-level meeting with the International Monetary Fund (IMF) in Washington, D.C. The meeting was held at the IMF Headquarters with Deputy Managing Di...

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...

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...