Papua New Guinea’s petroleum sector remains ripe with opportunity despite recent slowdowns in exploration activity, according to David Manau, Secretary for the Department of Petroleum, who delivered a compelling presentation on 8 October at the 2025 Papua New Guinea Petroleum & Energy Conference (PEC) under the theme “Exploration Operations – Is There...

Papua New Guinea’s Petroleum Minister Jimmy Maladina has reaffirmed the Marape-Rosso Government’s commitment to reshape the country’s petroleum industry through a new fiscal and regulatory framework aimed at delivering fairer, more transparent and sustainable outcomes for the State and its people. Delivering the ministerial keynote address at the openi...

Papua New Guinea’s (PNG) coconut industry is set for a major transformation through a new partnership between the Marape-Rosso Government and Sri Lanka’s Jaindi Exports Pvt Limited, one of the world’s leading manufacturers of coconut-based food and beverage products. The partnership, announced during a two-day visit by Minister for International Trade ...

PNG Ports Corporation Ltd (PNG Ports) is proud to announce that both the Port of Lae and the Port of Port Moresby have improved their global rankings in the 2025 World Bank Container Port Performance Index (CPPI), outperforming several major ports in nearby developed economies (e.g., Melbourne, Brisbane, Port Botany (Sydney), Auckland, Napier, and Otago)....

Ok Tedi Mining Limited (OTML) marked a significant milestone with the successful signing of the 4th Community Mine Continuation Agreement (CMCA), featuring new and improved terms that reinforce the company’s enduring commitment to the communities of Western Province and Papua New Guinea. The 4th CMCA delivers the largest increase in benefits in the agr...

Ok Tedi Mining Limited (Ok Tedi) has officially commissioned its new Mine Operations Workshop, a modern facility purpose-built to support the maintenance of the company’s recently introduced fleet of XDE 260 XCMG electric trucks. Named “Workshop 50” in recognition of Papua New Guinea’s 50th Independence Anniversary, the facility represents a major step...

The Port Moresby Chamber of Commerce and Industry (POMCCI) hosted a Business Breakfast at the Lamana Hotel on Wednesday, 1 October 2025, featuring PricewaterhouseCoopers (PwC) Papua New Guinea Tax Partners Peter Burnie and Shanol Jokhan, who presented detailed insights on the New Income Tax Act 2025 and shared their professional expertise on the key chang...

The PNG Chamber of Resources & Energy (PNG CORE) has commended the PNG Extractive Industries Transparency Initiative (PNGEITI) on the recent launch of the 2023 PNGEITI Annual Report. This annual report represents a signpost for the resources sector and a milestone in the industry’s collective commitment to transparent, accountable and responsible r...

Westpac PNG has announced a significant enhancement to its Bonus Saver Account with a new, market-leading interest rate of 4.25% per annum—rewarding customers for their commitment to saving and helping them grow their money faster. The Bonus Saver Account is designed to encourage consistent saving by offering a high bonus interest rate each month custo...

Fifteen participants at the University of Papua New Guinea have attended Westpac’s Financial Basics for My Business workshop, marking a successful start to Westpac’s financial literacy initiative with the university as part of the global Financial Inclusion Week celebrations. The comprehensive training module equipped participants with essential skills...

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,...