Trukai Industries Limited, in collaboration with key stakeholders including the PNG University of Technology, SunRice Group, and the Government of Papua New Guinea, celebrated the graduation of batches three and four of the Smart Farmer Program on Thursday, April 24, 2025. The event marks a major milestone in the country’s ambition to grow local rice p...

K92 Mining Ltd. (“K92”), the operator of the Kainantu Gold Mine in Eastern Highlands Province, has reported its strongest first quarter (“Q1”) results to date, with 47,817 ounces gold equivalent (“AuEq”) produced in Q1 2025. The result significantly exceeded budget, marking a 74% increase from Q1 2024 and the second highest quarterly production in the Com...

Westpac PNG is proud to announce the return of the Westpac Outstanding Women (WOW) Awards in 2025, after a five-year hiatus. These prestigious awards honor women who are making significant contributions and driving change in their fields. Since its inception in 2006, the WOW Awards have recognised the remarkable efforts of women who excel in their prof...

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...

The 2025 Fiji-PNG Business Mission marked a major milestone in bilateral trade and investment cooperation between Fiji and Papua New Guinea. Hosted by Investment Fiji in March 2025, the mission was led by Fiji’s Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, and focused on deepening economic engagement with one of Fiji’s largest trading p...

To strengthen the long-standing commitment to education in Papua New Guinea (PNG), ExxonMobil PNG Limited, the operator of the PNG LNG Project, recently handed over seven newly built educational infrastructure projects valued at almost PGK 2 million to the communities of Lealea, Papa, Boera and Porebada, in Central Province. Lealea and Boera Primary sc...

ExxonMobil recently appointed Dinesh Sivasamboo as its new Chairman and Managing Director of ExxonMobil PNG Limited. This appointment will be Sivasamboo’s second leadership position with ExxonMobil PNG Limited, having previously served in PNG from 2016 to 2019 as its Vice President for Production. Sivasamboo has held numerous, global senior leadersh...

The Centre for Excellence in Financial Inclusion (CEFI) and the Western Pacific University (WPU) have signed a landmark Memorandum of Understanding (MoU) to jointly promote entrepreneurship, fintech, financial literacy, and microfinance education in Papua New Guinea (PNG). The MoU between CEFI and WPU signifies a collaborative effort to advance educati...

The new National Banking Corporation (NBC) is planning to publicly list its stocks for public purchase as early as next year 2026, with Prime Minister Hon. James Marape calling on Papua New Guineans to prepare themselves in anticipation of this event. Prime Minister Marape, while launching the new commercial bank on Thursday (10.04.25) evening, urged P...

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...

In a decisive address at the National Agricultural Industry Public-Private Sector Partnership Conference recently, Prime Minister Hon. James Marape, MP, reaffirmed  the Government’s commitment to prioritizing agriculture as a cornerstone of national development. This pivotal gathering underscored the Government’s ongoing efforts to enhance agricultural...

The Asian Development Bank (ADB) has reaffirmed its strong commitment to Papua New Guinea’s development, praising the Marape-Rosso Government for its sound macroeconomic reforms and announcing a significant scaling up of investments in transport, energy, education, health, and agriculture. Speaking during the PNG and World Economic Update, a high-level...

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...

The newly formed Monetary Policy Committee (MPC) of Papua New Guinea has kept the Kina Facility Rate (KFR) unchanged at 4.0%, while lowering the Cash Reserve Requirement (CRR) to 11%, in its inaugural meeting held on March 11. The decisions were announced in a media release issued by Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia, who chairs ...

In the lush plains of Cape Rodney in the Abau District, within Papua New Guinea’s Central Province, more than a thousand rubber trees stand as silent witnesses to decades of agricultural ambition and, more recently, to a growing sense of abandonment. Once a hub of rural enterprise and a key player in the nation’s cash crop economy, the region’s rubber ...

The Kerowagi District in Papua New Guinea's Simbu Province recently launched the Kerowagi Rugby Football League (KRL) Commissioning as part of the government's efforts to empower youth and develop communities through sports. Member of Parliament Hon. Francis Kikin Siune, in an exclusive interview with PNG Business News, emphasized the district's motto,...

Cricket Papua New Guinea (CPNG) recently received support through a partnership between the Australian Defence Force (ADF), the Australian government PacificAus Sports program, and Cricket Australia (CA). Representatives from the ADF presented approximately 20 boxes of Cricket Australia merchandise to Cricket PNG in a handover ceremony held at Amini P...

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...

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...

Remington Technology has once again been recognised by Konica Minolta with the Sales Achievement Award for the Pacific Island region, after exceeding our annual sales target for the second year in a row. As Papua New Guinea’s only authorised Konica Minolta dealer, this back-to-back win highlights the strength of our partnership and the results our team...

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...