EDITOR’S NOTE: Ossberger, the German hydro-industry experts, has provided PNG Business News with this feature story that originally came out in Zek Hydro magazine’s May 2024 issue. Ossberger has supplied and installed 19 mini-hydropower turbines throughout PNG, mostly in rural districts, since the 1960s. The company likewise provided the hydropower system...

Lae Biscuit Company announces Brisbane based & East New Britain brought up professional basketball player Christian Pang as its newest brand ambassador under the company’s energy drink brand “PAWA”. Inline with Lae Biscuit Co. Ltd.’s core value of Passion that speaks highly of exercising pride in our brands and our history while promoting a positiv...

Mr. Chris Daniells officially assumed the role of Managing Director of Steamships Trading Company Ltd. (Steamships) on Monday 1st July 2024. He takes over from outgoing Managing Director, Mr. Rupert Bray, in a planned succession move. This is not his first time in PNG, as early in his career, Mr. Daniells worked for Steamships Shipping Agencies as Nati...

It is anticipated that following the endorsement of the National Agritourism Policy, the parties will work together to facilitate investment in the agritourism sector. This includes the development and marketing of existing agritourism products to create niche markets and attract tourists. The Secretary for the Department of Agriculture and Livestock, ...

by Rishabh Mukerjee, Helmtrude Sikas Iha and Damaris Warambukia Coffee is one of the most important smallholder cash crops in Papua New Guinea. It accounted for US$156 million of export earnings, 13% of agricultural export revenues, and 1.4% of total export revenues in PNG in 2021. According to the PNG Rural Household Survey 2023, approximately 55% of ...

MRL is pleased to announce the signing of a Non-Binding Exclusive Term Sheet (“Term Sheet”) with S&F Investment Advisors Ltd and ACAM LP (the "Investor"), for a proposed USD $50 million investment in MRL and its 100% owned MRCL subsidiary (the “Proposed Transaction”). Additionally, the Company is also pleased to announce an AUD $5 million placement...

The Prime Minister of Papua New Guinea James Marape officially launched the Five-Year Development Plan for Central Bougainville in Arawa Town yesterday. Present at the launching was the President of Bougainville Ishmael Toroama, Regional Member for Bougainville Peter Tsiamalili Jnr and cabinet Ministers from both the National Government and the Autonom...

Great Pacific Gold Corp. (GPAC) is pleased to provide an update on its portfolio of gold-copper assets within Papua New Guinea (“PNG”) consisting of four projects totalling approximately 2500 sq km. Arau Project The Arau Project consists of two exploration licenses, located in the Kainantu region, and includes the Mt. Victor Prospect, where previous...

A PanAust sponsored specialist medical team arranged by Interplast Australia has flown into Papua New Guinea to perform up to 40 specialist and reconstructive surgeries in the East Sepik Province. The visit aims to provide life-changing surgeries at no cost to disadvantaged communities and is part of PanAust subsidiary, Frieda River Limited’s, ongoing ...

PNG Business News is excited to announce our participation in Papua New Guinea's largest event, “PNG Resource Week,” themed “Building on Our Legacy: PNG Resource and Energy,” starting today until July 4. Join us at this significant event to engage with stakeholders, learn from industry experts, and celebrate the contributions of the resources sector an...

Hula Village, Central Province – John Swire & Sons, Steamships and the Embassy of the Federal Republic of Germany are thrilled to announce the successful completion and official opening of the redevelopment project at Vula’a Elementary School in Hula, Central Province, Papua New Guinea. The brand-new classroom was formally presented to the school c...

The PNG Chamber of Resources and Energy (PNG CORE) is set to host the second Community Affairs and National Content Expo (CANCONEX 2024) as part of the inaugural PNG Resources Week. The event, scheduled from July 1-4 at the University of Papua New Guinea, will focus on the rapidly growing initiative of National Content. National Content refers to th...

Wan PNG is introducing a significant upgrade to its platform with the implementation of an AI-driven Skills Engine. This feature aims to streamline the process of skill management for users, offering a curated database of over 13,000 skills linked to over 3,500 occupations. The primary goal is to provide a more efficient and intelligent method for both jo...

The staff of PNG Extractive Industries Transparency Initiative (PNGEITI) attended a one day workshop hosted by ExxonMobil’s Government Relations team. It was an information sharing session aimed to shed light on various aspects of the PNG LNG project, particularly its benefits that will have a positive and long lasting impact on the country. ExxonMo...

Benefits sharing will be a subject of discussion at CANCONEX, during the Inaugural PNG Resources Week to be held at the beginning of July. What benefits are derived from projects, where they are applied, and how they are applied, are all questions that many are still yet to fully understand. To shine the light on this area, a specific session on benefi...

Prime Minister Hon. James Marape has confirmed that he will be open the inaugural PNG Resources Week on 1 July 2024 by presenting the National Content address at the CANCONEX at UPNG. Additionally, PM Marape will close PNG Resources Week by speaking at the PNG Resources Week Gala Dinner on 4 July 2024 at the Hilton Hotel. The inaugural PNG Resources Week ...

The Mineral Resources Authority's (MRA) Managing Director, Jerry Garry, recently signed his new four-year contract of employment, at the Government House at Konedobu, Port Moresby. This is Mr Garry's second term as the MD for the MRA, having served in this capacity from 2019-2022. Between 2022 to early 2023, Mr Garry served as the Acting MD until his r...

The National Superannuation Fund (Nafsund) Limited signed a Memorandum of Understanding (MoU) with the Centre for Excellence in Financial Inclusion (CEFI) on June 21, 2024. This MoU is a three year partnership between Nasfund and CEFI that enables both organizations to work together in enhancing superannuation awareness with CEFI’s Financial Inclusion ...

Prime Minister Hon. James Marape recently launched the National Agriculture Sector Plan (NASP) 2024 – 2033. In so doing, PM Marape tasked the Agriculture Sector to utilize the Plan to con-tribute K30 billion to the economy by 2033 and also contribute to the 1 million job creation target by the same year. In a ceremony at Sir John Guise Indoor Comple...

Prime Minister Hon. James Marape has strongly urged the Treasury, Finance, and National Planning departments to strategically and effectively deliver on key government priority areas for Papua New Guinea’s economic development. He said politicians will come and go but public service will remain, so they must work to achieve results. Speaking today at a...

Prime Minister Hon.James Marape recently thanked the Asian Development Bank (ADB) for its continuous assistance to Papua New Guinea since 1971. He made this statement during a meeting with ADB Vice-President Scott Morris in Port Moresby. Mr. Morris is in PNG to discuss ADB’s assistance programme with various stakeholders, including high-level governmen...

In Papua New Guinea, educational dynamics are evolving, led by Dianne Meli, the Founder and Director of TIPS For Kids. Established when Meli was age 26, TIPS For Kids started as a tutoring service for early childhood and grew into a registered homeschool, a first in PNG.TIPS stands for Tailored Individual Programs Supporting Children in Need, with a missi...

Papua New Guinea (PNG), facing a significant malaria burden, recently hosted the 8th Asia Pacific Leaders' Summit on Malaria Elimination. Themed "Invest to Achieve Zero Malaria," the summit brought together key stakeholders to strategize and reinforce commitments towards a malaria-free future. Marking a first for the region, the summit highlighted PNG'...

Road infrastructure in PNG has been vulnerable to climate change hazards such as extreme rainfalls, landslides, coastal erosion, storm surges and droughts have cumulative impacts on damaging and deleting the quality and state of infrastructure in PNG.  Therefore, Papua New Guinea has recently marked a significant move towards planning and building infr...