Kumul Petroleum Holdings Limited, or KPHL, has launched a renewed push to strengthen governance, transparency and accountability across its operations following a strategic alignment workshop that brought together the company's board, senior executives and technical managers in Port Moresby. The workshop, held at the Grand Papua Hotel, coincided with t...

Papua New Guinea has launched a new set of green finance standards and policy tools as it seeks to mobilize greater investment into climate-resilient development and strengthen the sustainability of its financial system. The initiatives were unveiled during the Green Finance Summit 2026, which opened in Port Moresby on May 27 under the theme "Greening ...

Papua New Guinea is poised to enter a new era of aviation innovation through strategic partnerships with global aviation technology leaders, aimed at modernising the country's air navigation and traffic management capabilities. NiuSky Pacific announced collaborations with Australia's Skykraft and Italy's ENAV Group that will focus on key areas includin...

Papua New Guinea Prime Minister James Marape used a video address to the 41st Australia Papua New Guinea Business Forum & Trade Expo in Brisbane to reassure investors of the government's commitment to business, economic reform and long-term growth, while urging companies to look beyond the country's traditional mining and petroleum sectors. Unable ...

A total of 18 officers from the National Information and Communications Technology Authority have been inducted into Papua New Guinea's public service after successfully completing a government induction program aimed at strengthening professionalism and accountability within the sector. The officers completed the National Certificate 2 in Government –...

Papua New Guinea has launched a $63.4 million climate finance project aimed at protecting its forests while supporting sustainable livelihoods for communities across the country. Funded by the Green Climate Fund, the results-based payments program recognizes Papua New Guinea's verified reduction of 17 million tonnes of carbon dioxide equivalent between...

PNG DataCo Limited, under the leadership of Chief Executive Officer Paul Komboi, on 28 May has signed a series of strategic agreements with the Morobe Provincial Government (MPG), marking a major milestone in the province’s journey toward becoming Papua New Guinea’s leading digitally enabled sub-national government. The agreements, signed at Parliament...

Twenty-three approved employers under the Pacific Australia Labour Mobility (PALM) scheme have travelled to Papua New Guinea to attend the PNG PALM Expo this week. Twenty-eight representatives from the Australian businesses are engaging with key partners to gain a deeper understanding of the benefits of employing Papua New Guinean workers through the P...

Papua New Guinea and China will hold the inaugural PNG-China Business Forum and Trade Expo in Guangzhou, China, on Oct. 20 and 21, 2026, Trade and Investment Minister Richard Maru announced on 27 May. Maru said the event would mark the first business forum jointly hosted by the two countries following 50 years of bilateral relations. "While we have ...

Teachers Savings and Loans Society Limited (TISA/Society) has announced an Additional Bonus Interest for the 2025 financial year, following a strong performance by the Society and the broader TISA Group. For the 2025 financial year, TISA recorded a profit after tax of K95.8 million, supported by a robust balance sheet of K1.01 billion. Total income inc...

The Autonomous Bougainville Government (ABG) has marked a major milestone in the Panguna redevelopment process with a customary ceremony symbolising the unification of Panguna landowners and the official launch of a new drilling program at the historic mine site. The “Tampa Ungko” ceremony was held in Panguna and publicly affirmed the support of the fi...

Sandvik on 26 May launched AutoMine® Aura, a first-of-its-kind underground mining automation platform fully engineered for the future. The release represents the most significant evolution of AutoMine® since its introduction more than 20 years ago. AutoMine® Aura transforms every layer of the AutoMine® platform, delivering full situational awareness wi...

Air Niugini has expanded its corporate services and regional operations through a new corporate payment solutions initiative and the opening of a new flagship sales office in Wewak, East Sepik Province. The national carrier hosted a corporate client information and awareness session at Gateway Hotel in Port Moresby focused on the Universal Air Travel P...

Three Papua New Guinean landowner companies have acquired three new ATR42-600 aircraft that will be leased to PNG Air under a long-term arrangement linked to Ok Tedi Mining operations. According to a government statement, the aircraft are being acquired through Ok Tedi Mining shareholder companies Mineral Resources Star Mountain, Mineral Resources Ok T...

Papua New Guinea’s state investment arm, Kumul Consolidated Holdings, or KCH, is set to acquire shares in Ramu Agri Industries Limited, or RAI, as part of a proposed partnership aimed at expanding agribusiness operations in the country. International Trade and Investment Minister Richard Maru said on Thursday that the state’s independent valuation of R...

Papua New Guinea’s International Trade and Investment Minister Richard Maru has urged the newly launched PNG Diwai Holdings Limited, or PNG DHL, to begin its downstream timber processing ambitions with a single facility before expanding into larger manufacturing operations. Speaking during the launch of PNG DHL and four downstream processing facilities...

Ok Tedi Mining Limited (Ok Tedi) has appointed Ben Burger as General Manager of Misima Minerals Limited (Misima Minerals). Burger was previously the General Manager Operations at Ok Tedi. He joined the company in 2024 during a period of significant organisational change. During his tenure, he successfully established the new Operations Business Unit, p...

France has reaffirmed its long-term economic, environmental and security commitment to the Pacific, outlining major investments and regional partnerships aimed at strengthening ocean governance, fisheries protection and the blue economy during the opening of the Melanesian Ocean Summit, held from May 11-14 in Port Moresby. Speaking at APEC Haus on May ...

The New Ireland Province in Papua New Guinea is pushing for increased equity participation, higher royalties and expanded development funding as negotiations continue over future benefits arrangements for the Simberi and Lihir mining projects. New Ireland Governor Byron Chan said on 22 May that the province is seeking stronger long-term economic return...

The Autonomous Bougainville Government (ABG) and Steamships Trading Company (Steamships) are pleased to announce the signing of a Memorandum of Understanding (MOU) establishing a framework for collaboration between ABG institutions, traditional land custodians and Steamships. The MOU follows a longstanding series of consultative engagements between tra...

Papua New Guinea’s investment climate, grey listing status, and preparations for major resource and infrastructure projects were among the key issues discussed during a question-and-answer session at the Port Moresby Chamber of Commerce and Industry (POMCCI) breakfast meeting held on Wednesday, May 20, at the Royal Papua Yacht Club in Port Moresby. Res...

Senior economists highlight fuel subsidy risks, kina stability and growth opportunities at POMCCI breakfast meeting By Roselyn Erehe Questions surrounding the long-term sustainability of Papua New Guinea’s fuel stabilisation measures, the future direction of the kina, and the readiness of businesses to absorb rising costs dominated discussions durin...

Papua New Guinea’s economic outlook, investment opportunities and long-term development priorities took centre stage during a business breakfast session hosted at the Royal Papua Yacht Club in Port Moresby on Wednesday, May 20, where leading economists and private sector representatives discussed the country’s future through a “Five Ps” framework — Petrol...

Papua New Guinea has signed a Framework Agreement on Enhanced Economic Partnership with China, paving the way for deeper bilateral trade cooperation and future negotiations on a potential free trade agreement between the two countries. The agreement was signed on May 21 in Suzhou, China, by Papua New Guinea Minister for International Trade and Investme...