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...

The Papua New Guinea, National Capital District (NCD) Governor Hon. Powes Parkop outlined his vision for the nation’s capital, emphasizing bold initiatives aimed at transforming Port Moresby into a model city. Hon. Powes Parkop shared his vision during a breakfast meeting on June 13th, at Crown Hotel in Port Moresby, hosted by Port Moresby Chamber of C...

The collaborative efforts between Australia and Papua New Guinea have continued with the presentation of the Police Patrol Vessel Minigulai to the Royal Papua New Guinea Constabulary (RPNGC). The vessel, procured by the Australian Federal Police (AFP) from the Tasmanian Police Force, was formally handed over during the 30th Australia-PNG ministerial forum...

The 30th Papua New Guinea-Australia Ministerial Forum was held on 19th to 20th June, at the APEC Haus, in Port Moresby. The Ministerial Forum is an opportunity for Ministers from a range of key policy areas to advance PNG- Australia Partnership and shared priorities. The Ministerial Forum builds on the commitments from the Annual Leaders' Dialogue betw...

Efforts by stakeholders of the Panguna Mine will once again be in the spotlight, at the inaugural PNG Resources Week. This will see landowner representatives, the Autonomous Bougainville Government, and other agencies come together to highlight progress made over the last 12 months, for this key economic project for the country’s Autonomous Region. ...

Papua New Guinea’s Kina Bank has announced a significant $7 million investment in WLTH, a rapidly growing Queensland-based fintech and neobank startup. This investment aligns with the goals outlined in the Queensland Pacific Trade and Investment Strategy, which was launched in November 2022 to bolster trade and investment opportunities in the region. A...

Australia has approved a significant loan of A$600 million (K1.54 billion) to Papua New Guinea to address the country’s 2023 budget shortfall and support essential economic reforms. This financial assistance follows a previous A$750 million loan provided in 2022, reflecting Australia’s continued commitment to aiding Papua New Guinea’s fiscal stability and...

Papua New Guinea is witnessing a significant transformation in its agribusiness sector, driven by soaring global demand for its agricultural products and strategic initiatives to boost local production. Recent developments highlight the enormous potential for agribusiness investment in Papua New Guinea, particularly in cocoa and corn industries. Papua ...

The picturesque Gold Coast in Queensland played host to a significant convergence of business minds and political leaders from May 13 to 15, 2024, at the 39th Australia Papua New Guinea Business Forum and Trade Expo. Organised by the Australia Papua New Guinea Business Council alongside the Business Council of Papua New Guinea, the forum, themed “Climate ...

St Barbara Limited recently announced revisions on their FY24 Guidance in relation to its Simberi operations updates. "St Barbara Limited (“St Barbara” or the “Company”) (ASX: SBM) is pleased to advise the outcomes of its Simberi Expansion Concept Study (“Concept Study”) and inclusion of the projections in this 10 Year Plus Mine Plan Outlook." "The ...

The one-day PNG Resources Summit will take place on the final day of the inaugural PNG Resources Week 2024 will give the PNG business sector an annual update on the status of all resource operations in the country and PNG business houses are encouraged to register to ensure that they stay up to date with the latest on the PNG operations that drive the eco...

ExxonMobil’s second annual Power Play Awards Papua New Guinea was launched at a networking lunch held at the Hilton Hotel on Monday 6 May to identify Papua New Guinean trailblazers and shine a light on their accomplishments across the LNG and decarbonisation industries. Power Play is a global program developed by ExxonMobil women to bring together othe...

Pacific Towing (PacTow) has appointed Frances Tuimabualau as its agent in Fiji.  As Melanesia’s largest and most diverse marine services provider, with a 250+ workforce and 20-vessel fleet, PacTow is perfectly positioned to undertake additional projects in Fiji.  Frances Tuimabualau comes from a long line of seafaring professionals.  Her father, the la...

On Tuesday 11th June, EastWest Transport (EastWest) proudly completed a successful partnership with the Rotary Club and Soroptimist International to donate 50 brand new student desk and chair sets to Baruni Primary School. An official handover ceremony was held at the school where representatives from EastWest, alongside partners from the Rotary Club a...

Commentary by: Michael McWalter Michael McWalter explains the important responsibility to care for the vast amount of petroleum data submitted to the Government by operating petroleum companies and for the need for the establishment of a National Petroleum Data Centre in Papua New Guinea to cater for the vast amount of information arising from petroleu...