Search Results: fish

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 Minister for International Trade and Investment, Hon. Richard Maru, yesterday, opened the Consultation Workshop organized by the Department of International Trade and Investment and the National Trade Office on the total review of the full impact of the new U.S tariff increases. Minister Maru told the participants from both Government and the priva...

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...

Prime Minister Hon. James Marape has led a ground-breaking ceremony at Bereina Station to officially launch the major redevelopment of the Hiritano Highway, a key national infrastructure project that will link Port Moresby to Kerema and unlock the economic potential of Papua New Guinea’s southern corridor. The ceremony, organised by the Department of W...

Port Moresby buzzed with cultural displays and insightful discussions as Papua New Guinea inaugurated its National Tourism Conference and EXPO on April 9, marking 50 years of showcasing the nation to the world and heralding a new era of sustainable and inclusive tourism. Under the theme "Indigenizing Culture, Modernizing Infrastructure, and Promoting P...

The Chair of the Monetary Policy Committee and the Governor of the Bank of Papua New Guinea (BPNG), Elizabeth Genia, hosted a breakfast presentation on the 2025 Economic Outlook of PNG at the Royal Papua Yacht Club on April 9. Genia spoke on the March 2025 Economic Outlook, outlining sweeping changes in monetary policy, economic trends, and financial s...

After a rebound in economic growth in 2024 at 4.3% driven by both resource and non-resource sectors, Papua New Guinea’s (PNG) economy is forecast to grow by 4.2% in 2025 and moderate further to 3.8% in 2026 amid development challenges and rising geoeconomic risks, says the Asian Development Outlook (ADO) April 2025. Power blackouts, security challenges...

Prime Minister Hon. James Marape, while launching the inaugural PNG National Tourism Conference and Expo recently at the Hilton Hotel, highlighted that tourism, along with agriculture and fisheries, holds the greatest potential to significantly transform PNG’s economy and foster inclusive development across communities. Prime Minister Marape said given...

Economic growth in the Pacific is projected to moderate to 3.9% in 2025 and 3.6% in 2026, according to the Asian Development Outlook (ADO) April 2025, the Asian Development Bank's (ADB) flagship economic publication, released today. The outlook reflects anticipated easing in tourism, a key growth driver in many economies in the subregion, and muted petrol...

The Minister for International Trade and Investment, Hon. Richard Maru, officially discharged the Papua New Guinea (PNG) team to the World Expo 2025 in Osaka, Japan which will be held from April 13 to October 13, 2025. “The Commissioner General of Section PNG, Ambassador Gabriel Dusava and his core team will depart this weekend, and in the coming weeks...

Papua New Guinea Prime Minister Hon. James Marape and New Zealand Prime Minister Rt. Hon. Christopher Luxon have signed the refreshed PNG-New Zealand Statement of Partnership 2025 – 2029 to reaffirm their countries’ bilateral relationship. The signing took place at the New Zealand Parliament House Theatrette Room following the leaders’ bilateral meetin...

Sustainable agricultural growth in Papua New Guinea hinges on investing in people rather than just crops, Dr. Eric Omuru, Managing Director and Principal Consultant of E.E. Omuru Limited, said during his plenary keynote at the Central Province Investment Conference (CPIC) 2024. The CPIC was co-hosted by the Central Chamber of Commerce and Industry Inc....

Prime Minister Hon. James Marape has issued a strong call to action for Papua New Guinea’s agriculture sector, urging an immediate shift from subsistence farming to commercial agriculture as a means of driving economic growth, job creation, and national self-sufficiency. Speaking after a high-level meeting with agricultural leaders and key stakeholders...

Papua New Guinea is set to showcase its trade and investment potential, cultural heritage, and tourism opportunities at the Osaka World Expo 2025, which will take place in Kansai, Japan, from April 13 to October 13, 2025. The Minister for International Trade and Investment, Hon. Richard Maru, announced this on February 28th in Port Moresby, emphasizing...

Prime Minister Hon. James Marape has called for urgent global action against illegal fishing and the exploitation of Pacific fisheries, emphasising that Pacific nations have been stewards of the ocean for centuries. Speaking at the Honiara Summit on Sustainable Fisheries, he urged major global powers to take responsibility for their role in sea pollution ...

Prime Minister Hon. James Marape has reaffirmed his government’s commitment to advancing the Papua LNG project, confirming that Final Investment Decision (FID) is expected by the end of 2025, paving the way for a new wave of economic growth in Papua New Guinea’s oil and gas sector. Speaking at the launch of the NASFUND FM100 Talkback Show on Monday, th...

Prime Minister Hon. James Marape recently addressed the annual Back to Business Breakfast, reaffirming his government’s commitment to economic growth, business sector stability, and national security as Papua New Guinea approaches its 50th anniversary of independence. In his fifth consecutive appearance at the prestigious event, organised by the PNG Bu...

The signing of the K260-million Kimbe Rehabilitation and Upgrade Marine Package contract, awarded to Pacific Marine Group (PMG), was made official on January 16 at the Kumul Consolidated Holdings (KCH) Boardroom in Port Moresby. Work on the Kimbe Port is expected to commence at the end of the first quarter of 2025 and would be completed within 16 month...