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Prime Minister James Marape has urged Papua New Guineans to draw inspiration from South Korea’s extraordinary journey out of poverty following the devastation of the Korean War (1950-1953), highlighting their rise to global economic prominence as a testament to hard work and determination. “South Korea, a nation ravaged by war and with virtually no nat...

The Internal Revenue Commission (IRC) of Papua New Guinea (PNG) has announced a number of tax relief measures introduced in the 2025 Budget by the Marape-Rosso Government. These reforms are aimed at addressing the rising cost of living, supporting small businesses, and promoting home ownership across the nation, the IRC said in a statement. Key Reli...

The European Union (EU) Delegation to Papua New Guinea has launched the Green Diplomacy Week 2024, a three-day event aimed at fostering local partnerships for sustainability, environmental protection, and climate action. Held from December 11 to 13 at the Moresby Arts Theatre, the event highlighted the EU’s global commitment to combating climate change...

Prime Minister Hon. James Marape emphasised his government’s strategic focus on building a resilient, inclusive economy as Papua New Guinea approaches its 50th year of independence, as the highly anticipated PNG Investment Week Conference 2024 drew to a close at the Sydney International Convention Centre (ICC Sydney) on Dec. 11. The event, organized by...

Plastic pollution has become a critical global challenge, driven by increasing production and inadequate waste management. Recognizing its urgency, 175 nations adopted the resolution “End Plastic Pollution: Towards an International Legally Binding Instrument” during the United Nations Environment Assembly (UNEA-5.2) in March 2022. This resolution in...

For investors looking to do business in Papua New Guinea, a key understanding of the various regulations are crucial in informing their business decisions. With this in mind, PNG’s flagship investment promotion event, the 2024 PNG Investment Week has opted to commence its proceedings with a Regulators Forum. To take place on Day 1 of PNG Investment ...

Prime Minister Hon. James Marape and his ministers of State have recently (19.11.24) met with a business delegation from the United States of America led by US Ambassado to Papua New Guinea, Her Excellency Ann Marie Yastishock. The delegation is headed by Sarah Morgenthau, Special Representative from the Office of Commerce and Business Affairs of the U...

PNG’s flagship investment promotion event, the 2024 PNG Investment Week held in Sydney in early December, is already tracking for a record attendance, with last year’s record figure of 1,300 delegates already exceeded with a month to go. The event, which takes place from December 6th to 11th in Sydney Australia, will provide a platform for PNG business...

PNG Ports Corporation (PNG Ports) is actively pursuing new business opportunities and courting new investment partners.  The company is repositioning itself from being ‘all about ports’ to also being a major player in the country’s commercial and industrial real estate sector.  This repositioning and appetite for new and different business is evident in P...

Prime Minister, Hon. James Marape, signed a framework agreement with the Prime Minister of Vanuatu, Hon. Charlot Salwai Tabimasmas, establishing a commitment between Papua New Guinea and Vanuatu to pursue, develop, and implement economic and technical cooperation activities for the benefit of both countries’ citizens. The signing took place at the Taum...

The Papua New Guinea (PNG) Minister for International Trade and Investment, Hon. Richard Maru, said PNG is still facing a pressing energy crisis, nearly half a century after gaining independence. Minister Maru underscored the urgency of the country’s energy challenges, stating: “We cannot pretend, we can't keep talking about providing for other countri...

The Minister for International Trade and Investment, Hon. Richard Maru in his meeting recently with the new Chinese Ambassador to Papua New Guinea (PNG), His Excellency Yang Xiaoguang made a commitment to deliver the PNG-China Free Trade Agreement (FTA) feasibility study report by the end of this month. Minister Maru said: “This report will determine t...

Prime Minister Hon. James Marape has acknowledged the special bond Papua New Guinea has with Japan, as he congratulated Japan International Cooperation Agency (JICA) on 50 years of delivering Japan’s development assistance to PNG. JICA, the Japanese government agency that delivers the bulk of the Official Development Assistance (ODA) to developing coun...

The National Government, through the Ministry of International Trade and Investment, the Madang Provincial Government, and RD Corporation, have reached an agreement to initiate immediate feasibility studies for the proposed Madang Integrated Special Economic Zone (SEZ) in Vidar, Madang. In discussions recently concluded at the RD Corporation Headquarte...

Prime Minister Hon. James Marape recently delivered a stirring call to action, urging all Papua New Guineans to work relentlessly over the next 20 years, starting in 2025, to transform the nation into a high-income economy and shift from being an exporter of raw resources to a manufacturer. Speaking upon his return from the 79th United Nations General ...

In support of small and medium enterprises (SMEs) in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September 27th in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossma...

Alluvial gold miners in the country have the potential to become billionaires if they diversify their ventures, re-invest wisely, and manage their finances effectively, said Mineral Resources Authority Managing Director, Jerry Garry. Mr Garry was speaking at the 6th Alluvial Mining Convention & Trade Show 2024 in Goroka, where over 300 miners, gove...

Pacific Towing (‘PacTow’) has been exceptionally busy with salvage projects in its home country, Papua New Guinea.  Melanesia’s marine services and salvage market leader performed four salvages across three separate provinces in just two months.  The salvages involved international fishing vessels as well as a domestic general cargo vessel.  Three of t...