Steamships and Tininga Ltd have broke ground on joint venture project, Dobel Central, a mixed-use mega mall which will change the economic landscape of Mt Hagen and Western Highlands. The new, state-of the-art 10,000m2 development will play a critical role in driving progress across agriculture, MSMEs, tourism, and other key sectors in the Highlands regio...

Three legends in Papua New Guinea’s tourism industry were honoured with Lifetime Achievement Awards during the 2025 National Tourism Conference & Expo (NTC) Gala Dinner on April 10 at the Hilton Hotel in Port Moresby. The recipients included Bob Bates, Proprietor of Trans Niugini Tours; the late Sir Peter Barter, represented by his son Andrew Barte...

In a region where digital transformation is both a challenge and an opportunity, global payments leader Visa is actively working to bridge the financial gap through inclusive innovation. In the recent Innovation PNG Conference 2025 in Port Moresby, Visa Country Manager for New Zealand and the Pacific Islands Anthony Watson revealed an ambitious 2030 vi...

The Bank of Papua New Guinea (BPNG) has announced its new executive structure as part of its commitment to becoming a modern, digital, and trusted central bank under its recently developed “Vision 2050” strategy. The announcement follows a detailed and extensive strategy development process over the past two years. Since its establishment in 1973, the ...

The Department of Works and Highways has gone ahead to execute the Connect Papua New Guinea Project, reaffirming the Marape-Rosso government’s commitment to connect the country by main highways and to bring services and opportunities to the rural populace. Prime Minister Hon. James Marape emphasized that the new roads will serve as crucial links to mar...

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 former Minister for Mining, Hon. Wake Goi MP, recently issued his final announcement, marking the end of his tenure by confirming the processing of outstanding tenement license applications on April 25. A total of 38 license applications were approved, with only three applications rejected. The companies with approved licenses are major industry...

Prime Minister Hon. James Marape has warned that Papua New Guinea will not be immune from the ripple effects of global economic shocks stemming from recent United States tariff hikes, and has urged the country to remain vigilant as his government monitors and manages the situation. Prime Minister Marape said today the sweeping tariff increases imposed ...

The Board of Ok Tedi Mining Limited has endorsed the appointment of Mark Stone as the Board Chairman, effective immediately. Kumul Minerals Holdings Limited (KMHL) Board Chairman and OTML Board Director, Dr. Ila Temu, made the announcement. Dr. Temu said Mark J. Stone has over 30 years of experience working in the international mining industry. Whil...

Swire Shipping, a leading shipping company in the Asia-Pacific, today announced that three of its vessels serving the South Pacific have made the switch to B24 and B30 2 nd generation biofuel blends. The voluntary move supports Swire Shipping’s long-term sustainability ambitions and will provide more options to customers looking to reduce their emissions....

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 ...