June 09, 2025

St Barbara Limited is pleased to report on the latest successful regional surface sampling and drilling program at southwest Tatau Island, Papua New Guinea (EL609). Highly anomalous gold results have been returned from the hand auger soil sampling program that extends the southwest Tatau Island +0.1 ppm gold in soil anomalies to an area covering 7.3 km2 . In addition, high grade gold in rock chip samples were returned from within the soil anomalies.

St Barbara Managing Director and CEO Andrew Strelein said:

“This first substantial regional exploration campaign at Tatau Island, the neighbouring island to Simberi, has rewarded us with multiple highly anomalous rock chip and soil samples that extend the anomalous areas around Mt Tiro and at Mt Siro – Seraror in particular. After focusing our attention in FY24 on the successful Simberi resource development and infill conversion program the team are now broadening their efforts to the regional program and following up opportunities identified in previous campaigns.”

“The Company believes that the presence of widespread alteration and elevated sulphides within the southwest Tatau Island supports the interpreted presence of a large hydrothermal system and demonstrates the exploration potential of the area. The fine tuning of our interpretation of the very large Simberi epithermal system is invaluable to the development of the thinking on exploration across EL609 and EL2462.”

Southwest Tatau Island Program

A regional exploration work program of surface sampling and RC drilling was completed over a portion of southwest Tatau Island between September 2024 and April 2025. The program included hand auger soil sampling, rock chip sampling, trenching and reconnaissance RC drilling.

The soil and rock chip sampling was conducted over an area of southwest Tatau Island measuring 6 km by 3.5 km:

  • 300 regional hand auger soil samples were collected on a staggered grid at 200 m by 200 m spacing utilising a manual hand auger to provide a continuous soil profile down to a depth of between 1 m and 2.2 m depth (average 1.8 m). Soil profiles were documented and a sample taken for analysis from the upper portion of the ‘C’ horizon when intersected or the lower ‘B’ horizon when not reached, and
  • 204 rock chip samples were collected from available outcrop, sub-crop or proximal float typically located in creeks, cliffs and access tracks.

Results for gold and copper analyses from the soil and rock chip sampling are reported in this release.

The current epithermal gold deposits located within the Simberi Mine Lease 136, eastern Simberi Island, are all located within a +0.1 ppm gold in soil geochemical anomaly. The +0.1 ppm gold in soil anomalies on the neighbouring eastern Simberi Island that host the Simberi gold resources within ML136, covers an area of approximately 6.9 km2 and has an approximate 5 km by 2.5 km footprint. In comparison, the +0.1 ppm Au gold in soil anomalies on Tatau Island cover an area of 10.8 km2 , 7.3 km2 of which is located in southwest Tatau Island. The southwest Tatau Island +0.1 ppm gold in soil anomalies have an approximate 7 km by 3.5 km footprint. The presence of widespread alteration and percent sulphides recorded in southwest Tatau Island supports the presence of a large hydrothermal system and the exploration potential of the area. Significant areas of anomalous gold in soil and rock chip sampling remain to be tested with trenching and drilling as shown in Figures 6 and 7.

The gold assay results from the recent regional hand auger soil sampling program confirms and extends several +0.1 ppm gold in soil anomalies at southwest Tatau Island. Two main +0.1 ppm gold in soil anomalies located on southwest Tatau Island include the Mt Tiro area (measuring approximately 1.8 km x 0.8 km) and the Mt Siro - Seraror area (measuring approximately 1.4 km x 0.7 km).

The location of gold assay results from the recent soil and rock chip sampling program in the Mt Tiro area are shown in Figure 6 of this release. Several high gold-in-soil assay results (2.39 and 0.57 ppm Au) are located up to 500 m further southwest than the main areas of previous trenching and drilling. A 0.86 ppm Au in soil result was returned 250 m south of previous trenching and 500 m southeast of previous drilling.

The location of gold assay results from the recent soil and rock chip sampling program in the Mt Siro - Seraror area are shown in Figure 7 of this release. Several high gold-in-rock chip assay results (22.5, 2.0, 1.98 and 1.83 ppm Au) are located between 150 m and 450 m further north of previous historical trenching and drilling.

Trenching and reconnaissance RC drill holes were also completed during the campaign. A total of 22 trenches (TATTR289 to TATTR310) were completed covering 1,483 metres for 482 channel samples. The continuous, horizontal channel samples are collected on regular 2 m to 5 m intervals along exposure in excavator access tracks and creeks. A total of 17 RC drill holes (TTRC007 to TTRC023) were completed for 1,020 metres. Results for the channel sampling and RC drilling are expected in Q1 September FY26.

Proposed further work includes: 1) follow-up 200 m by 200 m extension to the soil sampling program to close out the plus +0.1 ppm Au soil anomalies and 100 m x 100 m infill soil sampling of selected +0.1 ppm Au soil anomalies; 2) upon receipt of the assay results for recent trench sampling and reconnaissance RC drilling, further trenching and subsequent RC drilling will be completed targeting the higher grade gold results.

The Company continues to work with the state nominee of PNG, Kumul Mineral Holdings Limited, towards an exploration joint venture agreement over EL609 and EL2462 .

 

The full press release and figures can be found HERE

June 09, 2025

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce a suite of events occurring in July to celebrate the vital role the resources sector has played in developing PNG or for 50 years.

Under the theme “Building PNG for 50 Years,” the month-long celebration will be anchored by the PNG Resources Golden Exhibition, a three-week event running from July 7 to 25 at APEC House. The Expo will serve as a central feature of the nation’s PNG@50 Independence celebrations, showcasing the legacy, impact, and future of PNG’s mining, petroleum, and energy industries.

From July 7 to 31, PNG CORE will host the following high-impact events, including:

    PNG Resources Golden Exhibition
  • Supply Development Seminar
  • Career Fair
  • PNG Resources Week Charity Golf Challenge
  • CANCONEX (Community and Networking Conference & Exhibition)
  • Industry Recognition Awards
  • PNG Resources Summit
  • Resources Summit Dinner and
  • Legacy Awards

These events will bring together local and international stakeholders, community leaders, and industry experts to foster dialogue, inspire youth, and promote sustainable, inclusive growth.

The Golden Expo and Exhibition will honor the transformative contributions of the resources sector, including:

    Infrastructure development in remote areas
  • Investments in health, education, and local enterprise
  • Job creation and technical skills transfer
  • National revenue and foreign exchange support

The Expo provides a platform for transparency, community engagement, and showcasing corporate social responsibility and sustainability efforts.

Looking ahead, the Expo and associated events will spotlight:

    Greener, cleaner resource operations
  • New frontiers in exploration with environmental safeguards
  • Inclusive opportunities for women and youth
  • Local innovation and resilience in a changing global landscape

“This is more than a calendar of events—it is a strategic platform to educate, engage, and elevate national appreciation of the resource sector’s value to PNG,” said Mrs. Pansy Taueni-Sialis, Chief Operating Officer of PNG CORE.

“As we reflect on our past, we also set our sights on the next 50 years of growth, innovation, and opportunity.”

June 09, 2025

The management team from a Filipino multi-billion-kina company, Century Peak Holdings Limited Corporation, visited Papua New Guinea (PNG) this week to assess major investment opportunities in the country. Their specific interest is to start a 10,000 hectares rice farm, invest in property within the Paga Hill Special Economic Zone, and they also want to invest in manufacturing and the mining sector as they own and operate a Nickel Mine in the Philippines.

The Company has five subsidiaries namely, Century Peak Corporation, Century Peak Mineral Development Corporation, Century Peak Cement Manufacturing Corporation, Century Sidewide Smelting Incorporated, and Century Hua Guang Smelting Incorporated. They plan to expand their operations to PNG. They have established a country office in PNG and have registered their company and are now looking at establishing a major business operation in PNG.

They called on the Minister for International Trade and Investment, Hon. Richard Maru, today, and also met with the Managing Director for the Mineral Resources Authority, Mr. Jerry Garry as they are keen to know the investment opportunities available in the mining industry.

The company is about to secure 10,000 hectares at Brown River in the Central Province to start the first large-scale mechanized commercial rice farm in PNG. They have been working with the landowners and the Department of Lands and Physical Planning over 12 months.

“They are ready to start but the biggest holdup has been the slowness of the Department of Lands and Physical Planning in assisting the landowners to get the State title over their land so they can arrange a long-term lease and enter into a mutually benefiting project agreement with the State, the Central Provincial Government and the landowners. I have reached out to the Deputy Prime Minister and the Minister for Lands and Physical Planning, Hon. John Rosso, to help us resolve the land issue so we can start the first large-scale commercial mechanized rice farm in PNG before September 16. This project will be developed as the Central Rice Special Economic Zone,” said Minister Maru.

June 09, 2025

The Westpac Wailis Papua New Guinea Economic Update and Outlook for May 2025 published on 2 June shows a commodity boom, resource sector investments, and policy reforms are driving optimism amid global trade tensions.

Titled “Optimistic 2025: PNG mostly resolves forex issues, sees favourable commodity prices,” the report shows the outlook for this year remains optimistic with growth expected to reach 4.7 percent, driven by a combination of robust investment activity, improved foreign exchange liquidity, and elevated commodity prices.

This projection aligns closely with the International Monetary Fund’s (IMF) own upgraded forecast of 4.6% for PNG, reflecting strong economic momentum from 2024 and the successful implementation of key fiscal and structural reforms.

Forex Pressures Eased, Confidence Rebounds

The sharp reduction in foreign exchange backlogs, which previously delayed payments to offshore suppliers for months, was noted in the report, as Westpac says some orders are now being cleared in less than a week, thanks to coordinated policy actions by the Bank of PNG (BPNG), a managed 15% depreciation of the Kina over five years, and inflows from high commodity export revenues.

The Kina Facility Rate (KFR) has remained unchanged at 4.0% since March 2025. In a surprise move, BPNG reduced the cash reserve requirement to 11%, effectively increasing liquidity in the financial system. Although inflation risks remain, this policy stance has helped sustain business sentiment while ensuring adequate foreign currency access.

Commodity prices continue to play a pivotal role in PNG’s economic trajectory, with several key products that have performed strongly as listed:

  • Coffee: Prices surged due to adverse weather globally. Despite a 28% drop in PNG’s export volumes (from 57,900 tonnes in 2023 to 41,600 tonnes in 2024), high prices have supported incomes. Advocates are calling for renewed investment in coffee plantations to rebuild capacity.
  • Cocoa: PNG exported 39,800 tonnes in 2024, up 3.4% from 2023. Although global supply remains tight, improving weather in West Africa may support more stable prices in the medium term.
  • Coconut oil: The El Niño effect slashed global supply by 10%, pushing prices past US$2,700/metric ton, nearly double last year’s prices. PNG, which contributes around 0.05 million metric tons annually, stands to benefit greatly from this price spike.
  • Gold: PNG gold exports surged 49.7% to K13.6 billion in 2024, buoyed by increased output at the reopened Porgera mine and global price volatility following U.S. trade policies. Gold briefly hit US$3,400/oz and is expected to remain elevated.
  • LNG: While total liquefied natural gas exports fell slightly from K20.6 billion (2023) to K19.6 billion (2024) due to softer prices, demand remains strong. The outlook remains positive with PNG well-placed to capitalise on its role as a transition energy provider amid global decarbonisation.

Major Projects Fuel Investment Outlook

  • OK Tedi Acquires Misima Gold and Silver Project

Ok Tedi Mining Limited has acquired the Misima Gold and Silver Project from Kingston Resources for A$60 million, with potential contingent payments of up to A$35 million. The project holds 3.8 million ounces of gold and 22.1 million ounces of silver in reserves. Mining ceased in 2004, and restarting the project could require over US$476 million, as estimated in 2022.

OK Tedi, which posted a K1.9 billion turnover and K681 million net profit in Q1 2025, is well-positioned to fund the project. Kingston retains royalty rights from any future production.

  • Papua LNG Edging Closer to Final Investment Decision

The long-anticipated Papua LNG project, led by TotalEnergies in partnership with ExxonMobil and Santos, is nearing its Final Investment Decision (FID), now expected by late 2025 or early 2026. The project, based on the Elk-Antelope fields, plans to produce 5.6 million tonnes annually, co-locating its infrastructure with PNG LNG’s existing assets.

Cost estimates have ballooned from US$10 billion to up to US$18 billion, necessitating further cost optimisations. If successful, first LNG production is anticipated by late 2027 or early 2028, significantly enhancing foreign investment and easing forex pressure.

Macroeconomic Stability and Inflation Risks

According to the report, inflation remains a concern, driven in part by the PNG Kina’s depreciation, which has increased import costs for essential items like fuel and food.

PNG’s inflation rate rose to 0.67% in Q4 2024, up from -0.86% in the previous quarter. March 2025 inflation data is still pending, prompting BPNG to adopt a cautious “wait and see” approach.

Recent Monetary Policy Committee (MPC) minutes revealed a split vote on raising interest rates, with growing support for monetary tightening once updated inflation data becomes available.

Encouragingly, foreign exchange reserves have stabilised at K14.2 billion (US$3.6 billion) as of December 2024, boosting macroeconomic confidence.

The financial sector has shown signs of investor interest beginning with April’s Treasury Bill auction, which saw K251.4 million offered, with successful bids totaling K180.7 million. The 273-day bills were oversubscribed, indicating investor preference for mid-to-long-term investments.

A Government Bond auction in May received K197.1 million in bids against a K200 million offer, with a strong oversubscription for 10-year bonds which is a signal of confidence in PNG’s long-term financial outlook.

The Central Bank Bill auction in May attracted K638 million in bids for the 7-day term alone, all of which were fully allotted at a 4.00% yield.

Exchange Rate

The Westpac report notes the PGK/USD exchange rate declined from 0.2463 to 0.2440 in May, consistent with BPNG’s managed depreciation policy. Westpac forecasts a gradual stabilisation:

  • Q2 2025: 0.2405
  • Q1 2026: 0.2450
  • Q1 2027: 0.2650

Other key rates (June 2025 estimates):

  • PGK/AUD: 0.3879
  • PGK/NZD: 0.4326
  • PGK/EUR: 0.2186
  • PGK/JPY: 34.87

Global Risks Remain, But PNG Shielded

The inauguration of American President Donald Trump for a second term and subsequent “Liberation Day” tariffs disrupted international trade, weakened the United States dollar, and introduced geopolitical uncertainty. However, PNG’s direct exposure to the US remains low at just 1% of PNG’s exports in 2023 which limits direct impact.

Meanwhile, strong demand from China and India, along with elevated commodity prices, continues to support PNG’s external position.

Westpac concludes that PNG is well-positioned to exceed its 4.7% growth forecast, possibly nearing China’s 5% target, especially if momentum in the resource sector continues and infrastructure investment expands.

The Opportunities stated in the report are that PNG’s near-term outlook is boosted by high coffee and cocoa prices, while a thriving real estate sector remains an ongoing opportunity.

Unexploited opportunities in telecommunications and real estate offer long-term growth potential, the report adds, as only one-third of PNG’s population is connected to telecommunications and just 25% connected to the internet. Expanding digital infrastructure could unlock a new wave of inclusive development, it added.

June 09, 2025

The government has officially launched the 2nd Papua New Guinea Special Economic Zones Summit that will be hosted at the Hilton Hotel in Port Moresby from 31 August to 3 September 2025.  

“This summit will be like no other. It will be the most useful and productive in our nation’s history. It will redirect the course of our nation,” Hon. Richard Maru, the Minister for International Trade and Investment, said during the launch of the Summit at Apec Haus on 2 June in Port Moresby. 

During the launch, the seven anchor sponsors pledged their support for the 2nd PNG SEZ Summit --Teachers Savings and Loan Society (TISA), Kumul Petroleum Holdings Limited, Kumul Minerals Holdings Limited, Paga Hill Estate, Air Niugini, Special Economic Zone Authority, and the Department of National Planning and Monitoring.

Minister Maru thanked the foundation sponsors for coming on board to support the Summit as Gold Sponsors at the cost of K200,000 each.

The 2nd PNG SEZ Summit will be hosted by the Movement as part of the Celebrations, under the theme "Reflecting on Our Past 50 Years and Charting the Next 50 Years.” This will be preceded by the launch of the PNG SEZ Foundation Policy on Sunday, 15 June 2025.

Hon. Maru said the Summit will let PNG “take stock of our journey in the last 50 years in terms of economic development to know, why we are where we are now.”

“Why do we have problems like THE highest unemployment, highest law-and-order problems, serious foreign currency issues, national debt of over K60 billion, and depreciating Kina value? The biggest single issue is that we have failed to grow our economy over the last 50 years,” he said.

“This is glaringly obvious when you compare us to other countries like Japan, New Zealand and the Philippines, who are smaller than us in terms of land size and have no resource endowments like us yet on average their economies are ten times bigger than ours.”

“Singapore went from a mangrove fishing nation to now a first world economy in 30 years with a GDP of over US$501 billion, and Japan went from a war-ravaged nation to now a robust economy with its GDP sitting at over US$4 trillion.”

“We must learn from them and deploy the right strategies and policies. We will do an honest comprehensive review of our economic performance over last 50 years during this Summit so we can re-strategize in terms of our core economic policies to take PNG out of the situation that we are now in and to secure economic independence. This is in line with the 20-year roadmap that is being put together as announced by the Prime Minister,” he added.

Minister Maru said that since the first SEZ Summit in May 2023, the government has engaged with regional and global stakeholders -- SEZ developers, operators, and users -- to refine the policy framework.

"We are now ready to launch the SEZ Foundation Policy and to have SEZ Summit 2. The long-standing support of the anchor sponsors assisted us to get this agenda of the current Marape-Rosso Government being promoted throughout Papua New Guinea and particularly in the Asia and Pacific region,” he said.

While acknowledging that the population has grown fivefold, from 2 million to 10 million, Maru said the economy has not kept pace.

“Symptoms like unemployment, law and order issues, and foreign exchange shortages are the result of our failure to build a robust economy. We can’t keep doing things the same way and expect different results,” he said.

The summit will bring together global and local experts to analyze PNG’s economic trajectory and compare it with better-performing nations, including Singapore, Indonesia, and post-genocide African economies.

The summit will also serve as a forum to develop the nation’s next 20-year economic development plan, a process currently chaired by former Deputy Prime Minister and Treasurer Charles Abel.

Key Themes and Aspirations

Speakers from various countries, including Indonesia, Malaysia, Thailand, Australia, New Zealand, Singapore, United Arab Emirates, the Philippines, Rwanda, and others will also be invited to talk about their economic success and the key strategies they deployed like using SEZs as the main driver for massive economic growth.

Representatives from some world-class SEZs like Java Integrated Industrial and Port Estate in Indonesia and financiers like the International Finance Corporation, Japan Bank for International Cooperation, and local banks like the TISA Group are also invited to speak.

"We will also speak on our six SEZs which will be licensed this year, including Sepik Plains SEZ, Madang Integrated SEZ, Finschhafen Integrated SEZ, Used Lead-Acid Battery recycling plant SEZ in Central Province, Sea Park SEZ, and the Central Province Industrial Park, apart from Paga Hill SEZ, which is already licensed," said Minister Maru

"We will also market investment opportunities in sectors like fisheries, forestry, manufacturing, hydro and solar energy, mining and petroleum projects, and more to the investors from around the world who will be invited to attend the Summit," added the minister.

Maru also mentioned the introduction of a new investment fund, the marketing of high-impact investment opportunities in energy, mining, and infrastructure, and the promotion of downstream processing and industrialization to create thousands of jobs as topics for the Summit, which is now being finalized.

"Meanwhile, we are seeking sponsors to sponsor this very important Summit. We will only have one level of sponsorship and that is Gold Sponsorship at the cost of K200,000,” he said.

“Every sponsor will be given an opportunity to speak at the Summit, they will be recognized in all our promotional materials, they will be given priority to set up their booths to promote their goods and services, and five of their representatives will have unlimited access to the Summit as delegates."

Sponsors Assure Support

The summit’s anchor sponsors echoed the urgency and potential highlighted by Minister Maru.

Paga Hill Development Estate CEO, Gudmundur Fridriksson, spoke of the importance of providing incentives to attract global investors.

“We are competing in a global environment. We have shortcomings, but we also have a beautiful country with more potential than any country on the planet,” he said.

He praised the 2023 summit for fostering relationships and learning, and expressed confidence in the added structure and readiness of the upcoming summit.

Fridriksson acknowledged the importance of transparency, diligence, and adherence to customs and SEZ regulations, saying this summit would be a once-in-a-lifetime opportunity to showcase PNG to the world.

Air Niugini CEO, Mr. Garry Seddon, thanked the Ministry for International Trade and Investment for driving forward the SEZ agenda

“This is a terrific initiative to promote this beautiful country of ours – our resources, our people, and our culture,” he said, assuring full support from Air Niugini across its international and domestic network to bring speakers and participants to the summit.

He also announced the arrival of new aircraft that will significantly boost PNG’s air transport capacity.

“Our new narrow-body Airbus A220s arrive in September this year, and our wide-body Boeing 787s in late 2027. These aircraft will revolutionize service delivery and raise PNG’s global profile.”

He closed his remarks by reaffirming Air Niugini’s support and celebrating the collaborative spirit behind the summit.

“On behalf of the 2,000 men and women at Air Niugini, congratulations Minister, and we look forward to a fantastic summit later this year.”

Managing Director of Kumul Petroleum Holdings Limited (KPHL), Mr. Wapu Sonk, congratulated the Ministry for the progress made since its inception and the first summit in 2023.

“It takes a lot of time to start from scratch… and all the consultations that went through were challenging, so congratulations,” he said, noting that his company had been a major sponsor since the ministry’s establishment and had backed both the first and second summits.

“We intend to be a major sponsor to help launch this very important policy and also advertise Papua New Guinea's potential to the rest of the world through the Approved Economic Zones (ACZ),” he added.

Sonk explained KPHL’s involvement by highlighting the country’s resource potential and the need for external investment and expertise.

“We have the resources and the people to train and skill, but we don’t have the money and the skilled people. National Executive Council is one of the key areas and, as a national oil company, we are at the forefront of providing NEC solutions,” he said.

Sonk announced cabinet approval of KPHL’s Konebada Industrial Park SEZ as the third officially approved site, which will house a training and prefabrication facility.

“We are working with all our SOEs to bring in power, sewage, and water. It will basically demonstrate, at a smaller scale, what the country can provide if we put our heads together and attract investors. The goal is to create jobs and grow the middle class so our economy can sustain and grow.”

Meanwhile, CEO of TISAS Bank, Michael Koisen, reaffirmed the bank’s commitment to nation-building and economic development.

“We are a 100% locally owned bank. It’s owned by ordinary people. That’s why it’s in our interest to contribute to national development through all the opportunities given to us,” the CEO said.

He described the SEZ Summit as a critical platform for stakeholders and businesses to engage in development discussions, while thanking Minister Richard Maru and other co-sponsors for their efforts.

“We are happy to be a co-sponsor. Thank you also to the other co-sponsors for supporting this event.”

Mr Kikila Yavase, CEO of the Special Economic Zone Authority, offered his appreciation as both a representative of the ministry and a co-sponsor.

“Thank you to the Minister, Secretary, and my colleagues. For the last 50 years, we were convinced our raw materials wouldn’t be processed in PNG. For example, we were convinced rice wouldn’t grow in PNG.”

“After the 16th of September, we must have a story. That story must come through a specific regional process or concept, and everyone, including government and private sector, must work together for the next 50 years,” he said.

Yavase affirmed the SEZ Authority’s commitment to the government’s SEZ strategy and its role in supporting the summit and associated policy initiatives.

“We will go all out to support the Ministry and Department. We must leave a story for the next three to four generations through this concept.”

The Department of National Planning and Monitoring Secretary, Mr. Koney Samual, and Kumul Minerals Holdings Ltd Managing Director, Sarimu Kanu, also reaffirmed their support and applauded the initiative.

The launch of the SEZ Foundation Policy and the announcement of SEZ Summit 2 signify a critical turning point for PNG aimed at realigning the country’s economic direction for the next 50 years, Minister Maru said.

“It’s time to take that honest stock-take. Let’s be brutally blunt with ourselves. Let’s help ourselves and learn from the rest of the world and take the appropriate actions to build a stronger and bigger economy for our people,” he said.

"We look forward to hosting a successful Summit with the backing of our sponsors, starting with our seven foundation sponsors.”

The official website for the Summit (https://pngsezsummit2025) was also launched on 2 June, with Minister Maru calling on those who wish to attend to register through the site to secure their spaces at the earliest, with only 350 spaces available. Registration is on a first-come, first-serve basis.

June 09, 2025

The Department of Works and Highways (DoWH) and the Department of Lands and Physical Planning (DLPP) officially signed a Memorandum of Understanding (MoU) on Tuesday, 3 June, aimed at resolving long-standing land acquisition challenges that have delayed road projects nationwide.

The MoU is anchored in national legal instruments including the Constitution of Papua New Guinea, the Land Act 1996, the Physical Planning Act 1989, and other related legislation governing land ownership, use, and development.

The ceremony took place at the Grand Papua Hotel’s Markham Conference Room, with key officials, stakeholders, and staff from both departments in attendance.

The memorandum seeks to establish a formal framework for collaboration, aligning their efforts to improve governance, reduce delays, and eliminate fraudulent land compensation claims that previously cost the State millions of kina.

Secretary for Works and Highways, Gibson Holemba, described the MoU as “a significant milestone in inter-agency collaboration and is a step forward in addressing the delays and challenges often encountered in road project implementation due to land acquisition issues.”

“It reflects a shared commitment to effective governance, accountability, and sustainable development,” he added.

Mr. Holemba acknowledged the role played by the DoWH’s Environmental and Social Safeguard Branch, led by Assistant Secretary Kenneth Yamu, in facilitating the drafting and finalisation of the MoU.

Infrastructure, particularly road development, is a major enabler of economic growth and social development in PNG, the Secretary noted. However, the complex processes associated with land acquisition, especially those involving customary landowners, have posed a significant barrier to progress.

Recognising these challenges, the DoWH and DLPP jointly agreed to streamline critical procedures related to land acquisition, compensation, and compliance with legal requirements.

“This MoU is a foundational step to ensuring that development of critical road infrastructure is not hampered by land acquisition delays and unnecessary fraudulent land compensation payments which has become an industry of its own, causing the state to lose millions of kina in the past years,” Mr. Holemba said.

The agreement will help prevent bogus claims by individuals pretending to be customary landowners and enhance transparency, efficiency, and public confidence in government-led road development initiatives, he added.

The MoU outlines the shared responsibilities between the departments across key areas:

  • Land acquisition processes, using both voluntary and compulsory mechanisms;
  • Valuation and compensation in accordance with legal frameworks;
  • Surveying, mapping, and documentation of land transactions;
  • Stakeholder engagement with customary landowners;
  • Legal and regulatory compliance relating to land matters in PNG.

From the DLPP’s side, the department will lead efforts in land acquisition, stakeholder consultation, compensation assessments, legal compliance, and documentation.

Meanwhile, the DoWH will provide technical specifications, budget allocations for land-related matters, and ensure road designs align with land acquired.

Joint responsibilities will include coordinated planning, data sharing, dispute resolution, and conducting regular reviews of progress under the MoU.

“The understanding signed today will strengthen the governance process at the inter-agency level to resolve delays and prevent bogus land acquisition payments,” Mr. Holemba said.

“The outcome of the MoU is to enhance coordination between DoWH and DLPP to ensure there is more efficiency, accountability, transparency, and improved stakeholders’ confidence in government-led road development project initiatives,” he stated.

June 09, 2025

K92 Mining has reaffirmed its commitment to cultural preservation and community development in the Eastern Highlands Province with a sponsorship of K100,000 towards the 2025 Goroka Show.

The sponsorship was formally presented on 19 May 2025 during a ceremony held at the Bird of Paradise Hotel in Goroka.

Representing K92 Mining at the event were Community Affairs and External Relations Manager James Topo, Senior Community Affairs Officer Meishen Apingi, and Gender Officer Orpah Peter.

Receiving the cheque on behalf of the show was Goroka Show Chairlady, Keryn Hargreaves.

K92 Mining’s contribution highlights the company’s ongoing efforts to strengthen its relationship with local communities by supporting meaningful cultural activities, it said in a statement.

The Goroka Show, one of Papua New Guinea’s cultural festivals, provides a platform for tribes from across the province to come together and showcase their distinct customs, traditional attire, and performances. The event attracts both local and international audiences. 

The sponsorship is part of K92 Mining’s broader initiative to support cultural and community development in the areas where it operates.

“K92 Mining’s support and encourages community cohesion and celebrates the rich cultural heritage of the region. Events like the Goroka Show play an important role in unifying diverse communities in Papua New Guinea,” it said.

Speaking on behalf of the Goroka Show Committee, Chairlady Hargreaves said: “Support from partners like K92 Mining is what keeps the spirit of the Goroka Show alive. It means a lot not just for the event, but for the people and communities who are part of it.”

June 09, 2025

Brand Hero PNG is making a strong start with its community initiatives focused on education and wellbeing. Recently launched as a local entity to better serve the unique needs of Papua New Guinea, Brand Hero PNG is already building meaningful connections and delivering on-the-ground impact.

As part of their Words for Wantoks campaign, Angela Shaw and Jonathan Edwards recently travelled to Papa village to donate over 4,500 children’s books for a school library—an inspiring project in collaboration with Michael Uiari from NiuPower.

The library is already proving to be a vital resource for children and families in the area. It provides access to books and learning materials that many in rural PNG would otherwise go without.

“Books open minds, and this library will help open doors to opportunity for many. It was our absolute pleasure and honour to play a part in this,” said Brand Hero PNG co-director Jonathan Edwards.

The team was moved by the warm welcome from Mr Uiari and the people of Papa, who reminded them of the incredible power of community and education.

Words for Wantoks: A Grassroots Literacy Initiative

Words for Wantoks is a grassroots literacy initiative dedicated to improving access to reading materials across rural schools and libraries in Papua New Guinea. By collaborating closely with local schools, donors, and logistics partners, Brand Hero PNG is helping to equip the nation’s next generation with the tools they need to learn, imagine, and grow.

Commitment to Community and Growth

These projects reflect Brand Hero PNG’s deep commitment not only to business and branding but also to supporting the social fabric of communities through education and care. Alongside the Words for Wantoks literacy initiative, Brand Hero PNG also runs the Toys for Joy campaign, which delivers donated ‘pre-loved’ toys to sick children in PNG hospitals—an effort born from a visit that revealed the real challenges faced by vulnerable children and healthcare providers.

June 06, 2025

Prime Minister Hon. James Marape has commended the National Agricultural Research Institute (NARI) for unveiling plans to establish a state-of- the-art Information and Data Centre at its Bubia headquarters in Morobe Province. This initiative aligns with the government’s commitment to modernise Papua New Guinea’s agriculture sector through innovation, data-driven decision-making, and inclusive development.

Announced during the 14th NARI Agricultural Innovations Show on 28 May 2025, where Prime Minister Marape delivered the opening address, the proposed two-storey facility will serve as a national hub for agricultural knowledge, data management, and public access to research materials. It aims to support farmers, researchers, policymakers, and development partners by providing timely and relevant information to enhance productivity and resilience in the agriculture sector.

Prime Minister Marape stated, “As we celebrate 50 years of independence, initiatives like NARI’s Information and Data Centre exemplify our nation’s progress towards a smarter, more innovative future. This facility will empower our farmers with the knowledge and tools necessary to transition from subsistence to commercial agriculture, fostering economic growth and food security.”

The Morobe Provincial Government has pledged K2 million in seed funding for the project, with an additional K4 million requested to support full implementation. The centre will feature modern amenities, including accessibility features for persons with disabilities, and will house archives, a library, meeting rooms, and offices dedicated to publications and visual resources.

NARI Director-General Dr Nelson Simbiken emphasised the centre’s role in transforming PNG’s agriculture sector, stating, “This is more than just a building; it’s a commitment to evidence-based planning and smart farming. By centralising agricultural information and data, we aim to support better decision-making and drive innovation across the sector.”

Prime Minister Marape reaffirmed the government’s support for such transformative projects, highlighting their importance in achieving the nation’s Vision 2050 goals. “Investing in agricultural research and infrastructure is crucial for our country’s sustainable development. We will continue to support initiatives that enhance our farmers’ capabilities and contribute to our national prosperity,” he said.

June 06, 2025

Prime Minister Hon. James Marape has hailed the inaugural air shipment of Morobe-grown coffee to Dubai as a “monumental breakthrough” for Papua New Guinea’s agricultural exports, marking a powerful step forward in unlocking the full economic potential of rural communities and affirming the Government’s commitment to commercialising agriculture.

Speaking in Port Moresby on the occasion of the official export departure, Prime Minister Marape praised the milestone as a profound gift to the nation during its 50th year of independence.

“Today, we are not just sending coffee to the world — we are sending a message: Papua New Guinea is ready to compete in global markets with the best of what our people grow,” Prime Minister Marape said.

“This airfreight shipment of premium Morobe coffee to Dubai is not merely a trade transaction. It is a symbol of our farmers’ resilience, our land’s richness, and our government’s ambition to transform agriculture into a powerful engine of economic growth.”

The shipment, spearheaded by local agribusiness AFIA PNG, included an initial 30 bags of specialty Morobe coffee, with a further 91 bags prepared for subsequent deliveries. The consignment was flown directly from Port Moresby to Dubai, showcasing PNG’s growing capacity to meet international demand through airfreight logistics.

“This is history in motion,” the Prime Minister said.

“We commend AFIA PNG and the Morobe Provincial Government for their visionary leadership. This is what it means to take back PNG — by empowering our people, our products, and our provinces.”

Prime Minister Marape said the Government’s focus under the National Agriculture Sector Plan (NASP 2024–2033) is to support exactly such models of innovation and export-led growth. He reaffirmed his government’s intent to replicate the AFIA approach across all agricultural regions.

“Let me be clear — what AFIA PNG has achieved must not remain an isolated success,” Prime Minister Marape stressed.

“My government will work to expand this model to other provinces. We want to see vanilla in East Sepik, cocoa in East New Britain, oil palm in Oro, rice in Central, and fisheries in Manus and Milne Bay reach global markets with the same success.”

He said that PNG’s growing agricultural exports are being supported by major infrastructure investments across the country, including new and upgraded roads, bridges, ports and airports.

“For instance, this coffee is utilising a brand-new airport facility,” the Prime Minister explained. “We are restoring our Air Niugini fleet, and by September this year, we should have new aircraft that will not only serve domestic destinations, but also connect Papua New Guinea to international markets.”

“Our investments in infrastructure — roads, ports, bridges, airports — must be complemented by our people producing goods for markets both near and far,” he said. “Our chocolate, our cocoa, continues to maintain markets in Europe, and our oil palm is sustaining its place in international trade. This export to Dubai is a strong signal that we are heading in the right direction.”

Prime Minister Marape said the Government’s development priorities are interconnected, with parallel investments in electricity, ICT connectivity and logistics meant to spark productivity and support exports.

“Exporting overseas will ensure remittances flow back into our country. We want to fix what I consider a weakness — exporters not bringing the remittance earnings back into Papua New Guinea. Kina must find its rightful place in the global market. Bringing export earnings in foreign currencies back into Kina will boost its value.”

He said the Government is making a concerted effort to help people produce and sell to overseas markets, and to ensure that these transactions benefit the broader economy.

“We are serious about creating wealth from our land and seas — and putting it directly into the hands of our people.”

The Prime Minister said the shipment also sent a powerful signal to international buyers and investors about the quality, ethics, and distinctiveness of Papua New Guinea’s agricultural products.

“In an era where the world demands traceability, ethical sourcing, and environmental responsibility, PNG stands out — not only for the uniqueness of our crops, but also the integrity of our communities,” he said.

Prime Minister Marape concluded by declaring the Dubai shipment as one of the most meaningful developments of PNG’s Golden Jubilee.

“As we celebrate 50 years of independence, this coffee export represents the new direction of our country. We are no longer just a resource economy — we are now a producer, exporter, and competitor in value-added agriculture,” he said.

“To AFIA PNG and the people of Morobe: thank you for giving Papua New Guinea a gift of pride and purpose. The world now awaits our harvest.”

June 06, 2025

Sri Lanka PNG Friendship Foundation (Sri Lanka PNG FFI), the official representative body of the Sri Lankan community in Papua New Guinea, proudly presents a Musical Extravaganza combined with a Dinner Dance in support of a noble cause.

This fundraising event aims to strengthen healthcare services across Papua New Guinea an effort the Foundation has proudly championed over the years in our commitment to building a healthier and more resilient PNG community. The evening will feature captivating performances by Sri Lanka and PNG cultural teams showcasing the culture of the two nations combined with internationally acclaimed artists, including a live performance by international sensation Yohani and the renowned Infinity band. It promises to be a vibrant celebration of music and culture, while also serving as a meaningful platform to foster connections within the diplomatic, business and broader PNG community. 

Hosted at the prestigious Kokoda Ballroom, The Stanley Hotel & Suites, Port Moresby on 5th July 2025, from 5pm to 11pm the evening promises an unforgettable blend of live music, curated hospitality, cultural showcases, and elegant networking.

Why attend or sponsor?

  • Position your brand at the forefront of regional philanthropy
  • Align with a credible international mission
  • Entertain clients, reward teams, or host dignitaries
  • Be part of a transformative cultural initiative that will leave a lasting impact

Corporate Sponsorships, Tables & Ticket Enquiries:
📧 info@slpngff.com
📞 ‪+675 82237777‬‬

Tickets will be available from 9th July, 2025 at Clare's Café, Cuthbertson House, Down Town, Port Moresby, NCD, PNG & at SLPNGFF office in LOTIC Haus (Old Yacht Club Building),  01, Section 55, Champion Parade, Granville, Port Moresby NCD, PNG.

Join us in celebrating unity, purpose, and progress all in one extraordinary night

June 03, 2025

On Friday May 23rd 2025, NTC approved Steamship’s Three-Year Training and Employment Plan (3YTEP) with a Certificate of Compliance and Approval Letter which covers years 2025-2028. This is the first time NTC has worked with Steamships to approve its 3YTEP. Steamships is a dedicated and long-serving company in PNG and is deeply focused on a training and localization plan, with a structured and deliberate commitment to equip, empower and promote Papua New Guineans across all levels of the organization.

The National Training Council’s 3YTEP is a strategic initiative designed to align with the National Training Policy 2022–2032, aiming to enhance human resource development in Papua New Guinea. By establishing a framework for employers to submit their training and employment plans, the Council seeks to identify and address the specific training needs of the workforce. The commitment to maintaining the confidentiality of workforce and training data ensures that individual companies can provide accurate information without concerns about privacy. This aggregated data will play a crucial role in highlighting training gaps across both private and public sectors, enabling targeted interventions by training providers to better meet local demands.

Moreover, access to this consolidated data empowers the National Training Council on behalf of the Department and Ministry of Labour and Employment to deliver informed and strategic advice to the Government regarding policy decisions that impact training and employment initiatives. By effectively utilizing the insights gained from the 3YTEP, the Council can advocate for relevant policies that support skill development and workforce readiness, ultimately contributing to the economic growth of Papua New Guinea. This collaborative approach fosters a stronger relationship between the government, training providers, and employers, ensuring that the workforce is equipped with the necessary skills to thrive in an evolving job market.

Steamships Managing Director Mr Chris Daniells stated, as part of this commitment, Steamships have rolled out a combination of technical, behavioural and leadership programs, that have been designed specifically to empower exceptional employees who have shown leadership qualities. These include; John Swire and Sons Leadership Philosophy, which emphasizes growing leaders from within, building character alongside competence, and creating a culture of responsibility, resilience, and long-term thinking.

“The journey when started building this commitment, isn't just a compliance exercise. It is at the heart of our belief that PNG is our home, and that we have a responsibility to help shape it, especially shaping its future”, said Mr Daniells.

National Training Council Director, Mr Kinsella Geoffrey commended Steamships in addressing the role of PNG government through NTC, with efforts made by Steamships in training and developing the workforce, noting that many individuals who have received training over the years have successfully transitioned into the economy. This acknowledgment is part of a broader government agenda aimed at enhancing training and employment opportunities for the youth and the general public, particularly in response to criticism regarding job creation.

“It is recognized that both the government and private sector play crucial roles in this endeavour, and there is a need for better communication of their achievements to stakeholders and the general public. The introduction of a three-year training and employment plan will serve as a benchmark to measure Steamships' performance, ensuring that progress is reported to the Department and Ministry of Labour and Employment”, said Mr Geoffrey.

Further, the government encourages Steamships to continue expanding training and employment opportunities, including international experiences that can enrich local skill sets. Various internal programs, such as the graduate development and leadership programs, have been acknowledged for their positive impact. Additionally, the establishment of a Learning Resource Centre and a Maritime College is anticipated to enhance training prospects for both new entrants and those seeking refresher courses. The government also highlights the importance of increasing female representation within the workforce and aims for greater local participation in various roles. Submission of annual performance reports to NTC are expected to track progress against the training and employment plan, paving the way for future revisions and enhancements.

June 03, 2025

Remington Group, one of Papua New Guinea’s longest standing and most respected businesses, is proud to announce the appointment of Justin Kieseker as Chief Executive Officer, effective immediately.

With 78 years of history behind it, Remington has built a reputation on reliability, resilience, and results. From print and document solutions to ICT and business technology, the Group has remained a key player in PNG’s commercial landscape, and under Justin’s leadership, it's positioning itself for the future.

Kieseker has been with the Group for six years, working across multiple business units and playing a hands-on role in operations, strategy, and growth. His leadership reflects a strong understanding of the local market, the challenges PNG businesses face, and the value of teamwork and consistency.

“This business is built on good people doing good work,” Justin said. “What’s kept Remington strong all these years isn’t just our products, it’s our people, our customers, and our drive to keep showing up and delivering. I’m proud to be leading a team that genuinely believes in what we do.”

In the months ahead, Kieseker will focus on three key priorities: aligning operations across the Group, building a stronger team culture, and investing in smart, sustainable growth, particularly in ICT and digital infrastructure. His plans include scaling up Remington Digital Solutions and making targeted investments in systems and services that support PNG’s digital future.

The Board of Directors expressed confidence in Kieseker’s appointment, describing it as a “logical next step” for someone who knows the business from the ground up.

“Justin has earned this,” said John Beattie, Board Chairman. “He’s proven himself repeatedly, he listens, he leads, and he follows through. That’s what we need.”

As PNG’s economy continues to evolve, Remington Group is focused on staying relevant, resilient, and ready. With Kieseker at the helm, the company will continue doing what it does best, backing its people, serving its customers, and helping drive the country’s digital transformation.

June 03, 2025

PNG Ports Corporation Ltd (PNG Ports), which owns and operates 15 ports across Papua New Guinea, is advancing a major port upgrade program set to transform the nation’s maritime infrastructure. Supported by a combination of international donor funding and internal investment, the decade-long initiative will deliver critical improvements to six ports. Works range from essential dredging and pile replacements at smaller ports to a proposed 240-metre wharf extension at Lae—the country’s busiest international port—as part of its transformation into a key regional transhipment hub.

PNG Ports’ commitment to port modernisation began well before the launch of its current upgrade program.  New domestic and international terminals were built at Port Moresby’s Motukea maritime precinct between 2015 - 2018 and a raft of critical infrastructure improvements have been introduced at Lae Port since 2012.  These have included a new tidal basin, wharf, terminal yard, and most recently, the 45-hectare Lae Industrial Park. 

The development of new port infrastructure in PNG’s two largest cities paved the way for a partnership between PNG Ports and international terminal operator ICTSI, resulting in significant efficiency improvements. According to the World Bank’s 2023 Container Port Performance Index, Lae and Port Moresby outperformed several major regional ports—including Melbourne, Sydney, Brisbane, Auckland, and Napier.

The current port upgrade programme targets the ports of Daru, Kavieng, Kimbe, Lae, Oro Bay, and Rabaul – with a parallel programme of improvements and maintenance for the ports of Lorengau, Vanimo and Wewak.

PNG Ports is partnering with the European Union (EU), the Agence Française de Développement (AFD), and the European Investment Bank (EIB), to upgrade the port at Rabaul, an increasingly popular cruise tourism destination.  However, by far the most significant funding partner of the programme is the Australian Government through its Australia Infrastructure Financing Facility for the Pacific (AIFFP).

The AIFFP will help fund the upgrades to Daru, Kavieng, Kimbe, and Oro Bay ports, as well as the potentially 240 metre extension of the international wharf in Lae, part of the Lae Tidal Basin development project. The AIFFP’s A$621.4 million investment comprises a loan of A$521.4 million and grant of A$100 million. 

PNG Ports Chair, Harvey Nii, reports that the initial plan was for the AIFFP to fund both the marine and land packages of the port upgrades.  However, he explains that “significant construction cost increases globally in combination with PNG Ports’ desire to minimise debt has resulted in PNG Ports electing to self-fund most of the land packages and undertake them at a later date when it is more economically viable to do so.” 

Instead, PNG Ports is prioritising the critical and more expensive marine infrastructure of its ports over the land works.  Nii explains that “our focus is on first providing PNG with proper wharfs, jetties, quays, ramps and berths before investing in new buildings and roads etcetera.  It is the actual marine infrastructure that will help drive PNG’s future growth and prosperity, thus it needs to be built now.”

The wharf at Lae’s international terminal is a piece of PNG’s most significant marine infrastructure.  Initial plans were for it to be extended by 150 metres. However another 90 metres is being proposed in line with the vision to transform Lae into a regional transhipment hub.  As PNG’s manufacturing heartland and a gateway to major resource projects, Lae is strategically positioned near key shipping routes between Asia and Australia. The port also benefits from its immediate proximity to the newly developed 45-hectare Lae Industrial Park.

Nii describes prioritising the expansion of the Lae wharf as “a financially responsible and strategically astute investment in that it will generate substantial amounts of new business for Lae Port and consequently enhance PNG Ports’ profitability.”

 “Vessels are getting larger, and there is a growing trend amongst the world’s major shippers to utilise ‘hub and spoke’ type arrangements such as what we’re working towards in Lae” explains Nii.  “Early this year we saw the largest container vessel to ever visit PNG utilise our Lae facility efficiently and safely.  We know that with PNG’s growth and the continued expansion of global shipping that much larger vessels will call into Lae if we have the right transhipment infrastructure in place.” 

No doubt, the transformation of Lae into a transhipment hub will bring significant economic benefit to PNG’s second largest city, as well as to the developing nation itself. Minister for State Enterprises, and responsible for PNG Ports, Hon William Duma, describes PNG Ports’ programme of port upgrades, and in particular Lae’s ambitious wharf extension as “forward thinking” and “nation building.”

Engineering work for the Lae wharf extension and all other port upgrades is being done to Australian and New Zealand standards.  With PNG’s 50th anniversary of independence in September this year, Duma’s confidence is well placed when he says that “the people of PNG can be confident that the port infrastructure upgraded today will still be benefitting our nation in 50 years’ time when we celebrate our 100th anniversary.” 

 


 

The six ports included in PNG Ports’ upgrade program are at varying stages of early development, ranging from initial scoping to contract awarding. Among them, the Kimbe Port project is currently the most advanced.

Kimbe Port, PNG’s third most profitable port, plays a vital role in the country’s palm oil exports. Earlier this year, the marine works contract—which includes demolishing the existing wharf and constructing a larger replacement—was awarded to North Queensland-based Pacific Marine Group (PMG), with mobilisation expected in the early second half of the year. In May, the landside works contract, covering infrastructure such as buildings and roads, was awarded to PNG firm Global Constructions. The full project is scheduled for completion by the end of 2026.

Both construction contracts for Kimbe Port include strict local content requirements, mandating the use of local contractors, businesses, and workers to ensure economic benefits flow directly to the surrounding community. This approach aligns with PNG’s broader commitment to establishing a National Content Policy—not only for major resource projects, but for all significant economic activities that drive national development. Nii reports that all contracts for construction works at the other ports being upgraded will include similar local content requirements.

Although contracts for other ports have not yet been awarded, the tendering process is underway and construction of the Daru, Kavieng, Oro Bay and Rabaul ports, including the relocation of Kavieng port to enable its expansion and maximise its commercial potential, is expected to commence in 2026. 

In the meantime, PNG Ports continues with a comprehensive programme of stakeholder engagement that is particularly essential when undertaking major infrastructure projects in PNG.  Indeed, Nii explains that PNG Ports’ investment in stakeholder engagement is one of the reasons that the port upgrade programme has continued to progress so well, despite cost increases and the associated project rescoping.

 “Consulting with footprint communities, businesses, local government, civil society etcetera is something PNG Ports excels at, and this has been acknowledged by our donor partners.  In short, whilst our team has been learning about some of the more technical aspects of wharf engineering, so too have we been transferring knowledge to our donor partners on the of stakeholder engagement process and its many nuances when undertaking major infrastructure projects in a country like PNG.”

June 02, 2025

The Marape-Rosso Government is committed to creating a more attractive business environment through investments in ease of doing business interventions by the Government and key Government Agencies, says the Minister for International Trade and Investment, Hon. Richard Maru.

Minister Maru made this statement this morning in his keynote address to the members of the Government Agencies and the private sector who gathered in Lae, Morobe Province, for the 8th Customs Business Consultative Forum under the theme, “Customs Delivering on its Commitment to Efficiency, Security and Prosperity”, hosted by the PNG Customs Service.

Minister Maru said: “We all know that PNG is not an attractive place to do business right now compared to our competitors and I am very much aware of that. As the Minister responsible for international trade and investment, I want to thank all our Government Agencies and our private sector for hanging in there despite all the challenges that we are facing as a country including highest unemployment, highest law-and-order problems, serious foreign currency issues, national debt of over K60 billion, and depreciating Kina value which have made it very difficult especially for our private sector. Our biggest problem in the last 50 years has been this: We have failed to build a strong and robust economy like other countries. After 50 years, PNG’s GDP sits at about US$ 30 billion, Japan’s GDP is over US$ 4 trillion, New Zealand’s GDP is over US$ 252 billion, Singapore’s GDP is over US$ 501 billion, and the Philippines’ GDP is about US$ 437 billion. These countries are one-third our size, except Singapore, and are not endowed with natural resources like our country and yet on average their economy are ten times bigger than ours.”

Minister Maru added: “The exciting thing is, it is not all doom and gloom, because we have seven new resource projects coming up including Papua LNG, Pasca Gas, P’nyang Gas Project, Wafi-Golpu Mine, Freda Mine, Wildebeest and Namabarope. These resource projects will underpin the economy going forward. To create the 1 million jobs as stipulated in our Medium-Term Development Plan 4, we must change our policies, we must downstream process all our resources, we must compete with the rest of the world to bring in foreign direct investments, and the best way to do it is to develop Special Economic Zones (SEZs) as the main driver of future economy growth. SEZs will be very critical. If a country like the Philippines, which is a one-third our size, can have over 420 SEZs driving their economic growth at the rate of 5% per annum, generating over US$63 billion in export income, and creating over 4 million jobs, we can do it too.”

Minister Maru further added: “Our over reliance on the mining and petroleum sector has been our biggest mistake since Independence. While we have seven resource projects in the pipeline for the next ten years, this sector will not be our future. Our future will be downstream processing of all our logs and fisheries resources, manufacturing of all our raw materials in country, and replacing imports like rice. This is the future. We now have the Paga Hill SEZ which has already been licensed, and we will have others licensed this year including the Sepik Plains SEZ, Madang Integrated SEZ, Finschhafen Integrated SEZ, Used Lead-Acid Battery recycling plant SEZ in Central Province, Sea Park SEZ, and the Central Province Industrial Park.”

Minister Maru said the opportunities were extremely bright in the next few years but PNG should improve its ease of doing business and not continue to use old manual systems of facilitating trade processes.

“According to the latest World Bank Ease of Doing Business Index, PNG was ranked 120 out of the 190 economies in 2023. The low ranking signifies and attests the stark reality of the inefficient and ineffective trade processes and system of PNG resulting in high cost of trade. The anticipated growth in the economy from trade and investment has not been realized owing to dysfunctional trade processes and systems that are fraught with delays and increased cost of trade as traders contend with the challenges of meeting multiple regulatory requirements from multiple locations. The Marape Government wants to improve our business process to compete with the rest of the world using technology rather than our manual systems. We have decided this year that we will commence the acquisition process to acquiree an electronic Single Window System. Our Government will invest K20 million to acquire and implement this system to increase efficiency and to make us competitive. Work starts this year and PNG Customs Services will be the lead agency,” said Minister Maru.

The electronic Single Window System is a trade facilitation concept which allows an international (cross border) trader to submit required trade information to a single agency using a web-based digital automated portal, rather than having to deal with multiple agencies in multiple locations to obtain necessary papers, permits, and clearance to complete import or export processes, resulting in reduced cost of trade. The pursuit of the concept of electronic Single Window System is to promote a seamless flow of trade, through the automation of trade processes using an electronic online platform for processing Customs declarations, obtaining permits, licenses, and approvals through an electronic online platform.

“The key objective is to automate the trade processes and use an online platform to improve release times with a seamless flow of goods in trade. This will result in increased compliance, increased economic activities, enhanced economic growth through increased international trade, reduce the cost of doing business, improvement in the ease of doing business, increase revenue collections, and effective and collaborative border management,” explained Minister Maru.

“We need everyone to come on board and co-operate so we will have one system to facilitate trade. The Marape-Rosso Government is determined and as the Minister responsible for international trade and investment, I am determined, and I need the support of everyone, including all Government Agencies and the private sector,” said Minister Maru.

Minister Maru also informed the participants of the forum on the review of tariffs and the need to protect the manufacturing sector, and the need to bring in a new anti-dumping legislation to protect the industries from dumping of products from other countries.

“The Government remains committed to fostering a sustainable and diversified economy by reducing dependence on foreign aid, strengthening trade partnerships to create a more competitive business environment, and making PNG an attractive destination for global investors. We are looking at building new trade and investment partnership with Indonesia, Thailand and the United Arab Emirates, and also deepen and strengthen our trade and investment relationship with China and Japan on the back of a Comprehensive Economic Partnership Agreement,” said Minister Maru.

Minister Maru extended an invitation to all participants at the forum to attend the upcoming launch of the PNG SEZ Foundation Policy on June 16, 2025, and the 2nd PNG SEZ Summit that will be hosted at the Hilton Hotel in Port Moresby from August 31 – September 3, 2025.

June 02, 2025

Prime Minister Hon. James Marape has reaffirmed his government’s strong commitment to transforming Papua New Guinea’s aviation sector through the ongoing implementation of the Civil Aviation Development Investment Programme (CADIP), saying it is key to unlocking economic potential across the country.

Speaking from the Autonomous Region of Bougainville, Prime Minister Marape said he chose to mark his sixth anniversary in office by launching a major new infrastructure project at Aropa Airport.

“Today, May 30th, 2025, marks the sixth anniversary since I was vested the responsibility of being Papua New Guinea’s Chief Servant by 101 Members of Parliament out of 111,” Prime Minister Marape said.

“I chose to spend this anniversary here in Bougainville for an important infrastructure groundbreaking—the brand-new terminal and airport development at Aropa. The needs in the Autonomous Bougainville Region, and across our 21 provinces, remain substantial. In 49 years, we have not developed much because our budget has been small while our development needs remain large.”

He said when he took office in 2019, the economy was in decline and development needs were critical across all sectors.

“Six years later, despite progress, much work remains outstanding. But I want to assure all Papua New Guineans that we are not resting—we are doing our best to grow our economy and develop our country,” the Prime Minister said.On the occasion of the Aropa Airport groundbreaking, Prime Minister Marape acknowledged the National Airports Corporation (NAC) for its long-standing commitment.

“From the airport context, I want to thank the NAC—an agency of State—for working consistently behind a vision of fully developing our airports in PNG,” he said.

Prime Minister Marape recalled that the foundation for this work was laid between 2005 and 2008 under the Somare-led National Alliance Government.

“In 2005 to 2008, a vision was birthed by the Somare Government. I remember when I was Vice Minister for Transport, Works and Civil Aviation in 2007/2008. Minister Don Polye brought CADIP 1 to NEC. Fifteen years later, I am privileged as Prime Minister, under my Pangu-led Government, to have sanctioned CADIP 2 and continued this important legacy,” he said.

“My government is also honouring our counterpart funding commitments to both CADIP 1 and CADIP 2.”

The Prime Minister highlighted the progress of airport upgrades under his government:

  • Completed or Under Redevelopment: Manus, Kavieng, Mt Hagen (redevelopment ongoing), Goroka, Mendi, Vanimo, Tari, Madang, and Wapenamanda.
  • Recently Launched: Kiunga, Hoskins, and Alotau.
  • Currently Underway: Aropa in Bougainville, including a brand-new terminal and pavement development.

He also acknowledged bilateral partners for their ongoing support. “I want to thank the Government of Japan for the Nadzab Tomodachi Airport, and the Government of Australia for supporting Girua Airport in Oro Province,” Prime Minister Marape said.

Looking ahead, he said new phases of work under CADIP would soon reach other parts of the country.

“We will proceed to Pomio, Buka and Daru as we go through the next phase of CADIP. Tokua and Jacksons airports will see a major upgrade in due course, ” he said.

“After Aropa we will go to Wewak to launch its redevelopment. We will also develop Tokua and Port Moresby again too. These developments are not just about infrastructure—they are about connecting our people, opening up our economy, and laying down long-term enablers for national growth.”

June 02, 2025

Prime Minister James Marape officially launched the aircraft pavement strengthening, new terminal building, and associated works project at Aropa Airport, marking a significant milestone in the Civil Aviation Development Investment Project I (CADIP I).

In his keynote address, he thanked the Asian Development Bank, National Airports Corporation and the CRCG contractors for ensuring commencement of this upgrade project, asserting to it as an important milestone paving way for more spinoff opportunities for the people of AROB.

Prime Minister Marape said this initiative reflects the ongoing commitment of the Government of Papua New Guinea and the Asian Development Bank (ADB) to enhance airport infrastructure across the nation.

“The Aropa Airport has long required substantial upgrades, having last been improved over a decade ago.

“This project aligns with the Government’s Medium-Term Development Plan IV (MTDP IV 2023-2027), aimed at boosting connectivity and fostering economic growth in the region,” Prime Minister Marape said.

Awarded to China Railway Construction Group Co. Ltd (CRCG Ltd) for K58.20 million on October 9, 2024, the project encompasses:

  • Aircraft pavement repair and strengthening
  • Bituminous chip seal resurfacing
  • Construction of a new terminal building and parking facilities
  • Installation of a new Precision Approach Path Indicator (PAPI)
  • Upgrades to airport power, water supply, sewerage systems, and electrical systems

“The benefits of this project include a 5-10 year lifespan for the chip seal without major maintenance, modernized terminal facilities that enhance passenger processing, and job opportunities for local residents,” Prime Minister Marape said.

Spanning 28 months, the project is set for completion by 2027 and is one of five major airport projects under CADIP II, which also includes upgrades to Gurney, Kiunga, Hoskins, and Wewak airports.

Additionally, CADIP II will enhance air traffic control towers and improve several rural airstrips.

In closing, Prime Minister Marape acknowledged the National Airports Corporation (NAC) call to all stakeholders to collaborate for the successful delivery of this transformative project by 2027.

May 30, 2025

Pacific Towing, a prominent marine services provider headquartered in Port Moresby, is reaping the benefits of a recent organisational restructure that has transferred the management and maintenance of its fleet to a newly established entity. A key advantage of the change has been a marked improvement in fleet availability. This operational efficiency has also enabled leadership to sharpen its focus on securing new commercial ventures—including project-based opportunities tied to Papua New Guinea’s growing oil and gas industry.

Founded in 1977, Pacific Towing (PacTow) operates within the Logistics Division of the 106-year-old Steamships Trading Company Ltd., which counts John Swire & Sons as one of its two major shareholders. The division also includes Consort Express Lines (Consort), Papua New Guinea’s largest coastal shipping operation.  Established in February this year, Steamships Ship Management (SSM) combines the in-house ship management activities of both PacTow and Consort under a single umbrella organisation.

Gerard Kasnari, General Manager of PacTow, notes that the restructure has delivered measurable results in fleet availability. “Repairing and maintaining vessels, including dry docking, presents an ongoing challenge for fleet owners across PNG and Melanesia,” Kasnari explains. “Fleet availability is rarely where we want it to be, but this new structure is helping us get much closer to those targets.”

Vessel maintenance in PNG is a key operational challenge, driven by the high cost and limited domestic availability of parts. Sourcing components internationally often involves prolonged lead times—particularly for oversized items that cannot be transported by air.  PNG also has limited docking facilities.  As a result, PacTow has increasingly opted to send its tugs overseas for mandatory dry dockings, with two tugs, WAIOWA and KEERA, completing their life extension dockings in the 1st quarter this year.

SSM has managed to improve PacTow’s fleet availability relatively quickly through best practice technical management and via a more streamlined and systematic approach to preventative maintenance.  It is anticipated that further availability improvements will be realised under SSM’s uniform dry dock management approach. The company should also begin to realise cost savings through SSM’s centralised procurement, rationalisation of spend, and economies of scale in purchasing. 

Kasnari reports that another benefit of PacTow’s restructure is the time he and his team now have to take advantage of new commercial opportunities.  “Under the old structure we were spending an unsustainable amount of time trying to rectify sub-optimal fleet availability.  However, with SSM now responsible for fleet maintenance, as well as vessel bookings, HSSE, crewing, procurement, and vessel IT support, we are able to focus more on business development.  This includes pursuing international towage and other project-based work, some of which is tied to PNG’s expanding oil and gas industry, as well as to other major resource developments and infrastructure programmes such as the upgrading of several of the nation’s ports.”

May 29, 2025

2025 marks the 50th year of a vibrant Papua New Guinea. To celebrate PNG's journey from 1975 to 2025, popular PNG author Di Macinnes is producing Volume 3 of the PNG Pictorial Series. Volumes 1 and 2 were published in 2015 to mark the 40th Anniversary and the Pacific Games.

The book is a 400-page kaleidoscopic journey through the rich history of the country. It includes a section for every province and a comprehensive timeline of significant dates in our history.

The intention is to recognise the people who have shaped our history, as well as some who have never been recognised.

If you have high-resolution pictures of significant individuals who you feel should be recognised, please contact us by email. We would also appreciate, and reimburse costs for, outstanding photographs you think should be included.

For the first time, we will include QR code links for significant events or to direct readers to your own website or audiovisual material. Read the book with your phone by your side and enjoy a visual feast of our history.

Sponsorship opportunities are open until the end of June.

To ensure the book is a complete history and includes events and visitors during September, as well as those leading up to it, the book will be published in the last quarter of 2025.

Distribution will include all government departments, foreign missions, and contributors. Remaining stock will be distributed free of charge to selected schools across the country.

Contact us if you would like more information or to be part of this historic publication.

Happy 50th Birthday, Papua New Guinea!

May 27, 2025

TE (PNG) is proud to announce the grand opening of its newly completed showroom on Gabaka Street, coinciding with the company’s 70th year of operations in Papua New Guinea.

Since its founding in 1955, TE (PNG) has grown into a trusted technology partner for communities across the country. The new Gabaka Street showroom reflects this legacy and the company’s continued investment in delivering modern, reliable solutions to its customers. With a focus on showcasing its expanding product and service range, the facility has been purpose-built to enhance customer experience and accessibility.

Robbie Huxley, Managing Director since 2018, acknowledged the milestone as both a moment to reflect and look forward. “I’ve had the privilege of leading TE (PNG) for the past several years, and I’m proud to be part of a team that continues to build on the company’s strong Papua New Guinean roots,” Mr. Huxley said. “This new showroom represents more than just growth—it's a symbol of our long-standing presence in PNG and our commitment to innovation as the country prepares to celebrate 50 years of independence.”

Mr. Huxley also paid tribute to the company’s staff. “Our success over the years has been driven by the skills and dedication of our Papua New Guinean workforce. They are the backbone of our business, delivering professional solutions to international standards, every day.”

The launch event was attended by representatives from government, industry, and the local community, who were invited to explore the new space and speak with TE (PNG)'s team about the company’s CHIBES offerings—Communications, Hospitality Equipment, Information Technology, Broadcast & Audio, Electrical & Hardware, and Security Systems.

TE (PNG)’s new showroom is now open to the public.

About TE (PNG):

Founded in 1955, TE (PNG) is a leading technology integration and solutions provider in Papua New Guinea. With a focus on innovation, quality, and customer service, the company continues to serve industries and communities across the country. TE (PNG) is committed to developing local expertise and supporting the next generation of technical professionals.

May 26, 2025

Papua New Guinea’s economic prospects remain positive in 2025 despite rising global uncertainties, according to the latest PNG Economic Update released on 30 April by Justin Smirk, Director and Senior Economist at Westpac.

The report shows strong domestic fundamentals, firm growth forecasts, and increased investor confidence, even amid volatile global trade policies and fluctuating commodity markets.

It also showed results from the 2025 PNG 100 CEO Survey presented to the Port Moresby Chamber of Commerce, which revealed business confidence was “above average.” Firms reported higher-than-expected profits in 2024 and projected continued growth in investments and recruitment this year.

A significant improvement in foreign exchange (FX) clearing times, from over a month to under a week in some cases, further bolstered optimism, as acknowledged by the Bank of Papua New Guinea (BPNG) in its latest Monetary Policy Committee minutes.

Growth Forecasts Remain Robust

Westpac forecasts a 4.7% real Gross Domestic Product (GDP) growth for PNG in 2025, aligning closely with projections from other institutions:

  • International Monetary Fund (IMF) at 4.6%,
  • Asian Development Bank (ADB) at 4.2%
  • BPNG at 4.0%.

These figures are underpinned by growth in both the mineral and non-mineral sectors, the report said. Porgera gold mine's improved output, increased LNG production, and strong agricultural performance from commodities such as coffee, palm oil, and cocoa are driving this momentum.

Moreover, higher government spending and robust activity in finance, insurance, and construction sectors are expected to sustain non-primary sector growth.

The medium-term outlook anticipates 5.0% to 6.0% annual GDP growth, buoyed by full production at Porgera and the Papua LNG (liquefied natural gas) project set to launch in 2026.

Commodity Prices and a Brief on Global Trade Tensions

According to the report, the escalating global tariff conflict, intensified by United States President Donald Trump’s declaration of 2 April as “Liberation Day” has disrupted trade norms.

While the imposition of a 10% US tariff on PNG exports appears daunting, its immediate impact is minimal; the US accounted for just 1% of PNG exports in 2023.

Prime Minister James Marape reaffirmed PNG’s commitment to non-retaliatory, free, and fair trade, emphasizing stronger ties with Asia-Pacific markets.

The report said that ironically, these geopolitical tensions have propelled gold and copper prices to unexpectedly high levels, supporting PNG’s export earnings.

Mineral Resources Authority Managing Director Jerry Garry projected mineral export revenue to soar from K19 billion in 2024 to K30 billion in 2025, contingent on global prices and Porgera’s performance.

Inflation and the PNG Kina

On inflation in PNG, economist Smirk elaborated that despite a brief inflationary reprieve in 2024, the depreciation of the kina is expected to drive inflation higher in 2025. Forecasts vary: BPNG predicts 3.0%, IMF 5.0%, and Westpac 4.7%. Foreign investment inflows could stabilize the kina and curb inflation over the medium term.

The kina has gradually depreciated, falling 1% against the USD and 4% against the AUD year-to-date, the report noted. From March to April, the PGK/USD exchange rate slid from 0.2487 to 0.2452. Against the AUD, it averaged 0.3924. Nonetheless, the increase in market turnover (K5.898 billion in March, up from K5.405 billion in February) suggests heightened FX activity.

In the report, Smirk goes ahead to give detailed updates of the interest rates and domestic debt market. The Kina Facility Rate (KFR) held steady at 4% through March, reflecting balanced inflation expectations. Treasury Bills (T-Bills) auctions showed increasing investor appetite, with all tenors oversubscribed. Notably, the 364-day tenor saw a K93.95 million oversubscription.

Weighted Average Rates (WARs) rose slightly for 91-, 182-, and 273-day bills, indicating mild shifts in investor sentiment. In contrast, the Government Inscribed Stock (GIS) auction faced an undersubscription of K40 million, the fifth such occurrence in 2025.

Only the 4-year tenor received full bids with a WAR of 9.03%, up by 3 basis points. This contrasts starkly with tenors such as 2-, 5-, and 10-year bonds which received no bids at all, suggesting caution in long-term market sentiment.

For external sector stability and international reserves, the current account remains in surplus, forecasted at K13.6 billion in 2025. Gross international reserves are projected at K14.6 billion, though import cover is expected to decline to 4.3 months, down from 6.3 in 2024.

This narrowing buffer highlights the importance of sustaining export revenues and managing external borrowing, the report said.

Public Sector Investment and Bilateral Engagements

Significant foreign investment announcements marked the first quarter of 2025. The US committed K1.6 billion to develop a 1.6-million-barrel fuel storage facility in Port Moresby through DGCI Corporation, commemorating PNG’s 50th anniversary of independence and diplomatic ties with the United States

Additionally, Mobil Oil New Guinea completed a K40 million upgrade of its Lae terminal to enhance fuel-loading efficiency. Meanwhile, Prime Minister Marape secured a bilateral agreement with New Zealand to boost technical collaboration in state-owned enterprises and agriculture, underscoring growing regional engagement.

Petroleum and Mining Sector Developments

The report noted that Petroleum Minister Jimmy Maladina invited the China State Construction Engineering Corporation to explore investments in PNG’s petroleum infrastructure. This reflects PNG’s active push to attract global partners for long-term sector growth.

MRA’s Jerry Garry emphasized the critical need for mineral exploration as current reserves are forecasted to deplete by 2060. The MRA is deploying seismic and magnetotelluric technologies to identify deep mineral deposits, ensuring the sector’s sustainability.

(All the updates reported for petroleum and mining sectors can be accessed on the PNG Business News website www.pngbusinessnews.com – Editor).

Risks on the Horizon

Regardless of the strong outlook, the report noted that risks persist, which is also highlighted in the PNG Economic Update.

BPNG identified a global slowdown, commodity price drops, natural disasters, and geopolitical tensions as potential threats. Westpac added that the US tariff war may provoke further instability, with a looming US recession limiting the US Federal Reserve’s ability to respond via interest rate cuts.

Still, the report notes that PNG’s 2025 economic trajectory appears resilient, driven by resource revenues, sound fiscal management, and strategic foreign partnerships. It advised stakeholders to remain vigilant and adaptive to the fluid external environment, ensuring that momentum is maintained through diversification, investment, and structural reform.

May 26, 2025

Papua New Guinea is modernising its air traffic management systems through a collaboration between NiuSky Pacific Limited and UK-based aviation technology company Micro Nav.

The agreement was officially signed during a high-level meeting at Micro Nav’s Head Office, attended and formally endorsed by PNG Minister for Civil Aviation, Hon. Wake Goi MP.

The signing ceremony, witnessed by Micro Nav’s Managing Director Greg Pile and NiuSky Pacific Limited’s Acting Managing Director Graham Blythe, marked the formal launch of a partnership designed to enhance the country’s air navigation service capabilities.

Under this agreement, Micro Nav will deliver advanced Air Traffic Control (ATC) simulation technologies to support NiuSky Pacific’s mission of providing safe and efficient air navigation services across PNG.

The initiative is set to bolster NiuSky’s training capacity, operational safety, and technological proficiency, reinforcing its status as a leading Air Navigation Service Provider (ANSP) in the Asia-Pacific region.

Micro Nav, in a media announcement on 21 May, described the collaboration as a demonstration of its ongoing commitment to the global ATC industry, aligning with its broader goal of delivering cutting-edge, future-ready solutions to air navigation providers worldwide.

In a detailed public statement, Minister Goi addressed concerns and outlined the strategic importance of travel in PNG.

He explained that the overseas engagements were highly technical and integral to ensuring that PNG’s aviation systems remain safe, modern, and globally compliant.

In France, the delegation held meetings with Thales to assess the Maestro system, which will support improved sequencing of aircraft and the introduction of Standard Instrument Departures (SIDs) and Standard Terminal Arrival Routes (STARs).

These modern procedures enhance safety, reduce delays, and boost fuel efficiency, the group said.

Mission Information

The facts for this mission as per the issued statement by Minister Goi:

  • France (Thales):

The delegation held critical meetings with Thales, the current supplier of PNG’s Air Traffic Management (ATM) system, to evaluate the Maestro system.

Maestro will enable more efficient sequencing of aircraft at Jacksons International Airport and is a key enabler for introducing Standard Instrument Departures (SIDs) and Standard Terminal Arrival Routes (STARs), modern procedures that improve safety, reduce delays, and enhance fuel efficiency.

Additionally, discussions with the Thales team focused on the emerging capabilities in Unmanned Aircraft System Traffic Management (UTM), drone management and Air Traffic Flow Management (ATFM).

They noted that ATFM will become mandatory under ICAO (International Civil Aviation Organization) requirements by 2028, making these engagements essential and timely.

  • Madrid (Indra):

The team visited Indra, another leading CNS/ATM provider, to assess digital towers, radar capabilities, navigational systems and alternative technologies, ensuring PNG makes well-informed and cost-effective decisions on future systems.

Indra is the equipment manufacturer for the Jacksons International Airports radar in Port Moresby that can be clearly seen next to the International Terminal on Radar Hill.

  • ATM World Congress (Lisbon):

As part of the technical mission, the delegation attended the World ATM Congress in Lisbon—the premier global forum for air traffic management.

This annual event brings together industry leaders, regulators, technology providers, and ANSPs from across the globe to highlight the latest innovations, share operational insights, and explore collaborative solutions in the air navigation sector.

At this event, NiuSky was able to engage directly with leading global suppliers and observe demonstrations of cutting-edge technologies, including:

  • Digital towers and remote-control centres,
  • Next-generation drone traffic management (UTM) systems,
  • AI-assisted air traffic control tools,
  • GreenATM and environmental efficiency platforms, and
  • Space-based surveillance and VHF communications.

Participation in the Congress provided valuable exposure to emerging trends and enabled PNG to benchmark its strategic priorities against international best practices.

It also strengthened NiuSky’s industry relationships and informed future infrastructure planning in alignment with ICAO’s global aviation objectives.

  • United Kingdom (Micronav):

In the UK, NiuSky signed an agreement with Micronav, the manufacturer of PNG’s existing 3D Tower simulator, which is critical for the training and ongoing certification of air traffic controllers.

The agreement will support its upcoming upgrade, essential for future integration of digital tower operations and new ATM procedures.

Alignment with TSSP3-Funded Program

The mission also preceded the rollout of a major aviation infrastructure development program funded by the Australian Government under TSSP3, valued at AUD 22 million over five years. This program will support:

  • Upgrade of the Micronav 3D Tower Simulator,
  • Trial of a Digital Tower at Nadzab,
  • Wide Area Network (WAN) upgrades across PNG,
  • Critical power system enhancements,
  • Implementation of a national ATFM system (Flow Control),
  • Deployment of space-based VHF communications, and others.

These investments are transformational and will position NiuSky Pacific as one of the most advanced and safest Air Navigation Service Providers (ANSPs) in the Asia-Pacific region, Goi said.

The systems and services under review directly impact the safety of the travelling public. CNS/ATM technologies evolve rapidly, and for PNG to meet its international obligations and maintain safe, efficient skies, it must keep pace.

The mission supported:

  • Technical validation of major capital investments,
  • Strengthening of supplier accountability,
  • Strategic alignment with TSSP3-funded initiatives, and
  • Preparation for the next phase of aviation development.

Safety is Paramount

Minister Goi stressed that safety is and will always be the overriding priority in aviation. While cost-efficiency and value for money are vital, they can never come at the expense of safety.

“Every decision and investment made by NiuSky Pacific is anchored in this principle. This mission was no exception. The safety of air navigation services, and by extension the lives of the travelling public, is front and centre in all NiuSky operations,” he said.

“I understand and respect the public’s call for accountability and fiscal discipline, especially during challenging times. However, it is equally important to recognise that safety, preparedness, and international credibility in aviation cannot be compromised.”

“This was not an extravagant tour, but a highly strategic, future-focused mission, carefully aligned with national, regional, and international aviation goals,” Goi added.

“As Minister, I remain committed to transparency, good governance, and ensuring that Papua New Guinea continues to operate a safe, resilient, and forward-looking aviation sector.”

May 26, 2025

Papua New Guinea (PNG) is on a steady path toward economic growth, driven largely by informal sector consumer spending, record-high commodity prices, and a resurgence in foreign direct investment, according to Dr Kishti Sen, ANZ international Economist for Papua New Guinea and the Pacific.

Sen presented the economic update was during the Port Moresby Chamber of Commerce and Industry (POMCCI) – ANZ Economic Breakfast on 20 May at the Papua Yacht Club in Port Moresby.

The event was a reality check on trade and what it meant for PNG, as global trade tensions rise amid renewed tariff threats by the United States.

But Sen’s message was shared clearly: PNG does not need to shift course but should continue deepening ties with Asian Markets.

The discussion focused on how PNG can stay engaged, boost trade, and attract capital flows, reinforcing the country’s role in regional growth.

Sen’s presentation outlined the unique structure of PNG’s economy, where 85 to 90 percent of the population operates in the informal sector, primarily in rural areas.

This demographic, largely excluded from formal financial systems, has been the backbone of national consumer spending, shielded from traditional interest rate levers used in advanced economies.

“Reducing interest rates does not affect people without debt or bank accounts,” Dr Sen said. “In PNG, the challenge is how to get cash into rural households. This is where the commodity boom makes a difference.”

Commodity Boom Spurs Rural Incomes

Strong global prices for cocoa and coffee have had a significant impact on rural incomes, Sen noted. Provinces such as Chimbu, known for high-quality beans, have seen substantial economic benefits.

Meanwhile, exporters in cocoa-rich areas like East New Britain and Bougainville have been paying farmers up to K2,200 per kilogram in recent months, a dramatic increase that is injecting millions into rural economies.

While the informal sector thrives, the formal sector has remained stagnant, especially since the completion of the PNG LNG project.

Sectors such as manufacturing, logistics, and agriculture are showing moderate employment gains, but construction, a major job driver, has yet to rebound.

Nevertheless, the investment outlook is promising, Sen noted, as PNG has seen consistent levels of foreign direct investment, including commitments to large-scale resource and infrastructure projects.

Final investment decisions on major projects in the country are expected this year, which could spur annual GDP growth to as high as 10% by the late 2030s, he added.

Trade Strategy

PNG is also realigning its trade strategy toward Asia, Sen noted. Exports to China and other Asian economies now make up a sizeable portion of PNG’s trade, reducing reliance on traditional partners like Australia and the US.

Sen emphasized optimism despite ongoing challenges including a narrow tax base, inflation fuelled by currency depreciation, and the limits of monetary policy.

He said: “PNG has endured a tough decade. But with rural demand, high commodity prices, and strategic investments, the foundation for a sustained growth trajectory is in place.”

Inflation remains a concern, largely driven by the kina’s depreciation against the Australian dollar. Despite Central Bank efforts to manage liquidity through interest rates and reserve requirements, Sen noted these tools have limited impact in a largely cash-based informal economy.

According to the update, PNG’s economic story is one of resilience and adaptation with GDP projected to grow by 4.7% this year and potential to hit double digits in the coming decade.

He said: “The growth will come not just from big projects, but from the smallholders in the highlands, from the women selling coffee, from the rural families investing in their futures.”

May 26, 2025

The Mineral Resources Development Company (MRDC) has expanded its Omati Cocoa Project from Kikori in the Gulf Province to Gobe in the Southern Highlands Province in Papua New Guinea, reinforcing its commitment to building sustainable economies beyond the life of oil and gas resource extraction.

In May, more than 2,000 high-quality hybrid cocoa seedlings were transported from Omati to Gobe, MRDC said. The seedlings were distributed across several communities in the Gobe Oil Project area, including Kaiam 1 and 2, Kaiam Ferry, Done, Siawiti, Waterfront, Baina, and Kantobo, targeting regions with strong agricultural potential.

Augustine Mano, Managing Director of MRDC, emphasised the strategy of the agricultural program, saying: "Our investment in the Omati Cocoa Project and its expansion to Gobe reflects our community investment commitment to our project communities."

"We understand that sustainable economic development must look beyond resource extraction. By fostering agricultural enterprises, centred on high-value crops like cocoa, we are helping communities with the tools and resources for self-sufficiency and building a resilient future."

The Omati Cocoa Project, launched in 2022 with a K1 million investment by MRDC through the PNG LNG Pipeline Limited board, is spearheaded in partnership with its subsidiary Gas Resources Pipeline Limited (GRPL).

The project has grown from its humble beginnings, originally stocking 1,000 cocoa seeds from East New Britain into a major propagation center with a current capacity of 50,000 seedlings. Plans are underway to double this capacity to 100,000.

A three-year development period saw 18 cocoa varieties evaluated for yield potential, disease resistance, and suitability to local conditions.

The project achieved a significant milestone in 2024 when it was officially certified by the Cocoa Board of PNG, meeting national quality and operational standards. Technical collaboration with the Department of Agriculture and Livestock (DAL) ensures farmers continue receiving agronomic guidance and extension services.

In Kikori, the project has already seen a substantial uptake, with more than 85,000 seedlings distributed to about 500 farmers.

Mr. Wauro Oumabe, PNG LNG Pipeline Ltd Director for Segment Seven in Kikori, outlined the local impact, saying: "Approximately 500 farmers are now actively engaged in cocoa cultivation in Kikori, each receiving quality seedlings and support.”

“The positive response and the evident success have fuelled demand, leading to this expansion to Gobe. We anticipate further interest as communities witness the benefits of high-quality cocoa farming."

Oumabe also pointed to cocoa's financial promise amid rising global prices.

“In areas like ours, reliable income is essential for covering school fees, healthcare, and other basic necessities. The rising global market price for cocoa has further enhanced its appeal as a viable cash crop, capable of transforming local economies if grown to quality standards."

"A comprehensive five-year development plan has been submitted to MRDC. A key feature of this plan is the proposed establishment of a processing facility. Our aim is to empower communities to move up the value chain from merely selling raw beans to producing processed cocoa, thereby retaining more value locally,” he said.

“Such a facility would not only improve post-harvest handling and quality control but also create new employment opportunities, skills development in processing and grading, and open avenues for niche marketing of regionally branded cocoa products. This aligns with broader national goals of increasing domestic value-addition in the agricultural sector,” Oumabe added.

The Gobe rollout is being met with strong grassroots support. Mr. Matthew Sisimolu, Chairman of Petroleum Resources Gobe (PRG), a key landowner company supported by MRDC, welcomed the initiative as a practical path forward.

"My primary objective as a leader is to steer our communities towards sustainable agricultural development as a primary economic driver," said Mr. Sisimolu. "This cocoa project is a practical and promising pathway for our landowning communities."

Sisimolu personally contributed K6,000 toward the cost of acquiring and transporting the seedlings from Omati to Gobe.

One of the project’s major appeals is its ability to generate consistent, renewable income independent of fluctuating resource project dividends.

Mrs. Kila Oumabe, a prominent figure in farmer mobilisation and training in Omati, particularly among women, highlighted the significance of this shift.

"Revenue from resource projects has a lifespan. Cocoa, however, is a perennial crop; it offers a sustainable income stream that can support families year after year,” she said.

"Access to consistent income from cash crops like cocoa directly impacts household food security and the ability to invest in education and health. For many women and marginalized households, who may have limited access to benefits from larger resource projects, cultivating their own cocoa plots offers a direct pathway to improved livelihoods.

“The initial nursery establishment saw a significant contribution from local women, who recognised the long-term potential of cocoa,” she added.