In celebration of Financial Inclusion Week, Westpac PNG has reaffirmed its commitment to inclusive growth and community empowerment, having positively impacted families and communities through its targeted programmes. As the first bank established in Papua New Guinea, Westpac has built a long-standing legacy of service, trust and innovation. Today, it ...

The Marape-Rosso Government has begun the mid-term review of Papua New Guinea’s National Trade Policy (NTP) 2017–2032, aimed at strengthening the country’s trade strategy in response to evolving global and domestic conditions. The review, spearheaded by the National Trade Office (NTO) with support from the European Union Delegation to PNG, was announce...

Economic growth in the Pacific is expected to pick up next year, buoyed by strong resource output in Papua New Guinea (PNG), according to the Asian Development Outlook (ADO) September 2025, released on 6 October by the Asian Development Bank (ADB). The report projects Pacific economies to expand by 4.1 percent in 2025, before moderating to 3.4 percent ...

Ok Tedi Mining Ltd. (Ok Tedi) congratulates the Ok Tedi Landowners Royalty Investment Trust (OTLRIT) and the Milum Group of Companies on the launch of Milum Aviation Ltd. and the successful acquisition of three Dash 8 aircraft that currently operate Ok Tedi’s charter service. The OTLRIT, which represents the 12 Mine Villages, acquired the aircraft at a...

Weir, a global leader in mining technology, has launched a new range of ENDURON® jaw and cone crushers, developed in close collaboration with customers to address their most pressing operational challenges. This customer-first approach has resulted in equipment that enhances safety, boosts productivity, simplifies maintenance, and supports sustainability ...

In a landmark moment of cultural reconnection and national pride, Returning Home, an art exhibition and programme, takes centre stage at Harbourside South in line with the celebration of Papua New Guinea’s 50th Independence Anniversary. Steamships, in collaboration with Pacific Palms Property, is proud to bring home five Papua New Guinean artists, show...

Five years ago, Violet Bukon was preparing meals in her home kitchen with a vision for something greater. At present, she leads The Eatery Catering and Cakes, a thriving business in Lae that provides boardroom lunches to some of Papua New Guinea’s top companies, and she has been honoured as the 2025 Westpac Outstanding Women Awards (WOWA) Entrepreneur win...

At independence in 1975, Papua New Guinea (PNG) emerged as a young nation of 2.8 million people, transitioning peacefully from Australian administration with optimism grounded in the Charter of National Unity. Rich in natural resources like gold and copper, and supported by a vibrant agricultural sector, PNG’s early economic prospects were promising. The ...

Steamships Ltd., on behalf of John Swire & Sons (JS&S), officially handed over a new classroom building to Yanga Elementary School in Lae on 22 August 2025. The second classroom was presented to the School Board during a ceremony attended by students, parents, teachers and community members. The milestone marks continued investment in rural edu...

The Special Parliamentary Committee on Public Sector Reform and Service Delivery has held a high-profile inquiry into the integrity of alluvial gold operations in Papua New Guinea, bringing together key state regulators and industry players for a series of presentations and Q&A sessions. The inquiry aims to address long-standing issues in the alluv...

Central Province Governor Rufina Peter has signalled her intention to revive the Ilimo Farm outside Port Moresby, once a major supplier of chicken meat and eggs to the capital. Governor Peter met with Minister for International Trade and Investment Richard Maru to discuss ways to restart operations at the farm, which is owned by the Central Province De...

Papua New Guinea Prime Minister James Marape delivered the country’s statement at the United Nations General Assembly (UNGA) 80th Session General Debate in New York, aligning his address with PNG’s 50th independence anniversary and 50 years of UN membership. He opened by highlighting the enduring strength of PNG’s Constitution, which he described as th...

BSP Financial Group Ltd. has launched a nationwide community investment program on Sept. 12 to celebrate Papua New Guinea’s 50th Independence anniversary, reaffirming its role as a partner in nation-building. The initiative, called “50for50 – Givim Bek,” was revealed during BSP’s annual PNG Flag Raising ceremony, observed across all its 80-plus branche...

Papua New Guinea’s leading waste management company, the TWM Group, has secured a major boost with a $10.2 million investment from the International Finance Corporation (IFC), paving the way for the Pacific’s first integrated waste management facility built to international standards. The investment, provided through a kina-denominated fixed-rate loan,...

Great Pacific Gold Corp. has reported strong assay results from its expanded Phase 1 diamond drill program at the company’s flagship Wild Dog Project on New Britain Island, Papua New Guinea. The latest results include surface samples of up to 127 grams per tonne (g/t) gold equivalent (AuEq) and drilling intercepts grading as high as 11.1 g/t AuEq. Key...

South Pacific Metals Corp. has reported exciting new assay results from its Ontenu NE prospect in Papua New Guinea, with rock chip samples returning high grades of gold, copper and silver. The discovery, announced on 17 September, comes from the company’s Osena Project, located in the highly prospective Kainantu District. This region is already home to...

The Bank of Papua New Guinea (BPNG) has reaffirmed its commitment to building an inclusive financial system, underscoring microfinance as a key driver of national development and economic empowerment. Deputy Governor of BPNG Jeffery Yabom delivered the message during his keynote address at the PNG Microfinance Diagnostic Validation Workshop on 3 Septem...

As Papua New Guinea (PNG) marks its 50th anniversary, the country’s petroleum sector has received a significant boost with the announcement that Sinopec will establish a subsidiary to undertake drilling and seismic work. The announcement was confirmed in Port Moresby on 24 September, when Minister for Petroleum Jimmy Maladina met with Xiao Yi, Deputy D...

Prime Minister James Marape has appealed to the United States and its business community to deepen trade and investment ties with the Pacific, saying the region must be seen as a partner of prosperity rather than a passive recipient of aid. Speaking at the US–Pacific Islands Business Forum on the sidelines of the United Nations General Assembly, Marape...

New Porgera Limited (NPL) has announced the launch of the NPL Youth Community Development Committee (Youth CDC), an advisory body tasked with proposing and evaluating youth-related community development projects for NPL funding. The inaugural Youth CDC comprises a male and a female youth representative aged 18 to 24 from each of the four Local Level Go...

The Farmers and Settlers Association (FSA) has urged the Marape-Rosso government to take bold action to reverse the decline in agricultural production and rural employment, stressing the need for fresh interventions to stimulate Papua New Guinea’s primary industries. In a statement issued to PNG Business News on 3 September, FSA President Wilson Thomps...

Coffee Minister William Bando officially opened the new state-of-the-art Homestate Coffee Factory at Tanam in Lae, Morobe Province, Papua New Guinea on 25 September 2025. The investment marks a milestone for Morobe’s coffee sector, creating opportunities for farmers who previously had to transport their produce to Goroka for processing. The opening of ...

Members of Comrade Trustee Services Ltd (CTSL) can now enjoy a faster and more convenient process when applying for superannuation withdrawals, following a new partnership with BSP Financial Group Ltd (BSP). The two organisations signed a Memorandum of Understanding (MoU) on 23 September, that allows, with members’ consent, bank statements to be shared...

A delegation of Korean investors has visited Papua New Guinea to explore opportunities in poultry, trade and education, a move the government hopes will spark long-term economic partnerships. Minister for International Trade and Investment Richard Maru said the visit was an important signal of growing interest from Asia’s fourth-largest economy. “Th...