The General Manager of the Overseas Mineral Resources Business Department of Nittetsu Mining Co. Limited, Mr. Shinichiro Mita, met with the Minister for International Trade and Investment, Hon. Richard Maru, in Tokyo this morning to express interest to invest in Papua New Guinea (PNG), especially in the mid-size copper and limestone operation.
Nittetsu Mining is a Japanese mining company that specializes in both metallic and non-metallic mineral resources, and they are involved in mining, exploration, processing, and distribution of minerals, including limestone, copper, and other related products. They also have a copper mine in Chile. Additionally, they engage in machinery development, environmental engineering, real estate, and renewable energy projects. They have been a long-term importer of copper concentrate from OK Tedi Mine.
Minister Maru thanked them for their strong interest to invest in PNG and extended an invitation for them to attend the 2nd PNG Special Economic Zone Summit in Port Moresby which will be hosted from August 31st to September 3rd, 2025.
“I will link them with the Mineral Resources Authority and Kumul Minerals Holdings Limited so they can work with them to pursue their interest to be a mid-sized copper and limestone mining company in PNG. We are looking for more Japanese investors to invest in PNG and we will go all out to support them,” said Minister Maru.
Minister Maru also met with the representatives from the Sumitomo Forestry Co. Limited who own and operate the Open Bay Timber Limited in East New Britain Province where they have 10,000 hectares of eucalyptus plantation.
Minister encouraged them to seriously look at downstream processing instead of harvesting and exporting round logs to markets in Vietnam and China from where PNG then imports the finished products from.
“We have a clear Government Policy for PNG to stop exporting round logs by 2025,” said Minister Maru.
The company admitted that because of the decision by the Indonesian Government to ban the export of round logs, they now have a major downstream processing plant in their operations in Java where they are processing all the logs from their forest plantations in Indonesia. They will be happy to do the same in PNG. However, the issues that they have are electricity and road access to the Open Bay.
“I will discuss these issues with the Minister for Forests and the Managing Director for PNG Forest Authority, Mr. John Mosoro, on my return to PNG. This is a very low-hanging fruit as far as going into downstream processing is concerned,” said Minister Maru.
The Expo Site in Osaka, Japan, is crowded with visitors every day from 9am to 9pm with one-third being foreigners and two-thirds from Japan, reported the Commissioner-General of Section Papua New Guinea (PNG), Ambassador Gabriel Dusava during the visit of the Minister for International Trade and Investment, Hon. Richard Maru, to the Expo Site yesterday.
Ambassador Dusava and the officials on the ground reported that there were so much enquiries from Japanese tourists who were overwhelmed by the beauty, scenery and the culture of PNG.
“They wish to visit PNG. However, their biggest concern is no direct flights between Japan and PNG and no visa on-arrival for Japanese standard passport holders. There had also been business enquiries. Our biggest wish is to have Air Niugini re-open the direct flight between Port Moresby and Narita before our National Day on July 21. The program for the National Day is being finalized where the Prime Minister, Hon. James Marape, will be the Guest of Honor and the Head of Delegation,” said Ambassador Dusava.
The program will include the Prime Minister attending the National Day in Osaka on July 21, then traveling to Tokyo in July 22 to meet with the potential investors who want to invest in PNG. Prime Minister Marape will host a reception in the evening of July 22 where he will meet with the key Japanese Government officials and also meet with the Japanese private sector and development partners like Japan International Cooperation Agency (JICA) and Japan Bank for International Cooperation (JBIC).
Minister Maru said: “I am greatly impressed by the efforts of our team at the Expo Site, led by Ambassador Dusava. Despite our challenges, our team has been doing a very good job, working long hours, to market and promote PNG to the world at the Expo. I am extremely proud of them.”
“The investment for our participation at the World Expo in Osaka, Japan, is a very strategic investment by our Government to show our support for Japan in their Expo year. We are very keen to deepen and broaden our relationship with Japan so we are very grateful that the Prime Minister has made a commitment to personally visit the Expo and be the Guest of Honor at our National Day in Osaka and to meet with the Japanese private sector and development partners in Tokyo during his visit in July,” added Minister Maru.
Meanwhile, Minister Maru also visited the Australian Pavilion upon invitation from their Deputy Commissioner-General, Ms. Lucy Ryan.
For the first time in 50 years, the Government of Papua New Guinea (PNG) through the Minister for International Trade and Investment, Hon. Richard Maru, formally conveyed to the Japanese Government that PNG is very keen and anchor its trade and relationship with Japan through a Comprehensive Economic Partnership Agreement (CEPA) into the future.
Minister Maru conveyed this through their Minister for Economy, Trade and Industry, Hon. Koga Yuichiro, during their first formal meeting on Monday in Tokyo, Japan.
Minister Maru, on behalf of the PNG Government, thanked the Japanese Government and people for 50 years of friendship which had evolved to one of the most important and enduring bilateral diplomatic and trade relationship.
“Our country has benefited very immensely from Japan through scholarships and development aid through organizations like Japan International Cooperation Agency (JICA) and Japan Bank for International Cooperation (JBIC). The most recent examples are the Tomodachi International Airport at Nadzab in Lae, Morobe Province, and three weeks ago JBIC announced a loan of K1.8 billion US Dollars to bankroll the funding the Papua LNG Project. During our disasters, Japan has always been one of the first countries to come to our aid. I want to express to your Government and your country our heartfelt gratitude for such enduring, warm and lasting relationship that has evolved over the last 50 years,” said Minister Maru.
Minister Maru alluded that Japan was PNG’s biggest export market comparable only to China.
“We truly appreciate that trade is in our favour. At the moment, Japan is importing an estimated US$4 billion from PNG, and they only export about US$250 million to PNG annually. Trade is very much in PNG’s favour but we think there is a lot more scope and potential for more investment and more trade flows between our two countries. There is a lot of opportunities for mutual cooperation where both sides can benefit if we strengthen the relationship and anchor it through a proper agreement which we have not had in the last 50 years. We think it’s time to reset our relationship and anchor our future on the back of a CEPA between our two countries. This should the new chapter after 50 years of our relationship, anchored on trade and investment as the foundation,” said Minister Maru.
Minister Yuichiro acknowledged the proposal by Minister Maru; however, he said both countries needed to deal with fundamental trade issues if we are to take their trade and investment relationship to the next level, ensuring there is direct flight between the two countries, issuance of visa on-arrival for the Japanese standard passport holders to enter PNG, and look at other fiscal and non-fiscal incentives including giving duty-free market access for Japanese goods to enter the PNG market to show PNG’s commitment to Japan. Minister Yuichiro also requested PNG to provide the framework for the proposed CEPA if PNG was serious to go down this path.
Minister Maru said the PNG Government will take note of Minister Yuichiro’s comments and will work on the framework for the proposed CEPA as a matter of priority so the negotiations can start this year.
Minister Maru further expressed his gratitude for the Japanese investment in the LNG sector and encouraged Japan to take more active interest in investing in PNG LNG projects.
“PNG currently supplies 6% of the Japanese energy market. Japan is the anchor customer of our LNG. However, they own only 5% of PNG LNG. I want to encourage Japanese companies to take up more than 5% stake in our project. Japan should not be a passive investor. We will be grateful to see Japan own larger portions of our LNG projects in the future, and even in our mining and petroleum industry and other industries,” said Minister Maru.
The Director for Pacific Islands Centre in Japan, Mr. Ryuzo Saito is calling on the Government of Papua New Guinea (PNG) to sort out important lingering trade issues hindering Japanese business, investment, and tourism interest in PNG.
Mr. Saito raised this in his meeting this morning with the Minister for International Trade and Investment, Hon. Richard Maru, and delegation in Tokyo, Japan.
Mr. Saito said that Japanese businesses and tourists were keen to visit, to do business and invest in PNG, however, PNG has let itself down by not sorting out trade issues that have been talked about for a long time.
The four critical issues that Mr. Saito raised were:
1. Visa on Arrival for Japanese standard passport holders. This arrangement existed prior to COVID. However, since COVID, the arrangement was temporarily halted and is yet to be uplifted by PNG immigration and Citizenship Authority.
2. The need for Air Niugini to resume direct flights from Port Moresby to Narita, Tokyo, for ease of connectivity.
3. Remittance of foreign currency. The foreign exchange and regulations by the Bank of Papua New Guinea is not giving priority to the repatriation of dividends that delay the remittance of profits back to Japan.
4. Security (law-and-order issues).
Minister Maru, in response, thanked Mr. Saito for his frankness in relaying the concerns of the Japanese businesses and tourists.
"As the Minister for International Trade and Investment, I support this call. If we want to increase two-way trade with Japan, we need to sort out these issues immediately, which have been lingering for a long time. We need to get our act together," said Minister Maru.
"I will raise all these issues with the Government to have them resolved so we can see more trade and tourism inflows into PNG from Japan. I am working with the Prime Minister, Hon. James Marape, to get Air Niugini to resume flights to Narita this year."
Minister Maru emphasized the significance of Japan’s relationship to PNG.
“Japan is PNG’s second largest trading partner and an important development partner. I want to thank the Japanese Government and people for their continuous assistance towards PNG’s development aspirations,” said Minister Maru.
Minister Maru also met with the Director General of Energy Solutions Finance Department of the Japan Bank for International Cooperation (JBIC), Mr. Manabu Kato. JBIC recently provided US$1.8 billion loan for the first PNG LNG Project.
Minister Maru extended an invitation to JBIC to speak at the upcoming 2nd PNG SEZ Summit that will be hosted in Port Moresby from August 31st to September 3rd, 2025. JBIC in response said they were keen to attend to market their products and services in the various sectors that they could co-fund as a semi commercial lending agency. They are very keen on more business in PNG and were very grateful for the invitation to speak at the Summit.
The Centre for Excellence in Financial Inclusion (CEFI), in close partnership with the Department of Education (DoE) through its Curriculum Development Division (CDD), has successfully concluded the two-week Financial Education Curriculum Validation Workshop, culminating in the delivery of 40 fully aligned educational resources. This marks an important step in the implementation of the Financial Education in Schools PNG (FESPNG) Project.
The workshop, held from 5th –16th May 2025, brought together a dedicated team of stakeholders, including officers from DoE-CDD, representatives from CEFI, and an external partner from Aflatoun International and Cufa to review and align 13 syllabuses, 13 Teacher Resource Books, and 13 Student Activity Books. This thorough process resulted in the development of eight strands, 16 units, 16 content standards, and benchmarks, reinforcing a consistent and inclusive approach to financial literacy education across all grade levels.
The purpose of the workshop was to support the integration of Financial Literacy Education (FLE) into Papua New Guinea’s Standards-Based Curriculum from Preparatory to Grade 12 and to validate the financial education curriculum materials developed through collaboration between the DoE-CDD, CEFI, Aflatoun International and Cufa.
The objectives of the workshop were to ensure that the financial education content aligns with CEFI’s Financial Literacy Standards and Conceptual Framework, maintaining national relevance and consistency. It also aimed to evaluate the developmental appropriateness of concepts across all grade levels, promoting coherent and age-appropriate progression. Expert input was sought from financial literacy technical advisors to enhance the accuracy and contextual suitability of the content. Additionally, feedback from CEFI and external partners was gathered to confirm the curriculum’s relevance to real-life financial challenges. Finally, the workshop validated the templates of the Teacher Resource Books and Student Activity Books to ensure they are well-structured, accessible, and practical for classroom use.
Opening the workshop, Mr. Peter Samuel, Acting Executive Director of CEFI, acknowledged key partners and contributors, particularly the Department of Education, Aflatoun International, and individual curriculum experts, whose dedication and collaboration have been instrumental in progressing this vital national initiative.
Mr. Samuel emphasized the strategic significance of the workshop, describing it as a critical step ahead of the program’s pilot phase. He stressed that the initiative is among the most impactful CEFI has undertaken to date, with long-term potential to empower future generations with practical financial knowledge and skills.
“This is more than just a workshop it is the groundwork for change in how we prepare our students for life beyond the classroom,” Mr. Samuel said. He further appealed to the Department of Education for continued partnership and support.
The recent workshop also welcomed Aflatoun International as a strategic international partner. Ms Ya Ling Chao, Regional Coordinator for Aflatoun Asia, travelled to PNG for the May workshop, commending the country’s dedication to integrating financial education. Speaking at the opening, Ms Chao described the initiative as “a historic milestone” and one of the most proactive collaborations she has encountered in the region.
On Friday, 16 May 2025, George Awap, Assistant Governor – Financial System Development and Innovation Group- Bank of Papua New Guinea, gave an impactful message at the closing of the Financial Education Curriculum Alignment Workshop.
Mr Awap thanked CEFI & DoE-CDD for their hard work during the two-week workshop. He praised their teamwork and also remembered past leaders who helped bring financial education to life. “We are building on the hard work of those who came before us,” he said, naming former CEFI Executive Director, Mr. Saliya Ranasinghe for his early efforts.
Mr. Awap’s key message was about Financial Education becoming a national focus. “It should not only teach people how money works but also help them change their thinking and use this knowledge in real life,” Mr. Awap said.
He said making a financial education curriculum is not easy. It must meet the needs of many different people and communities. There are challenges and these include reaching remote schools, finding enough money, and helping people especially adults change their way of thinking about money. “It’s not just about lessons. It’s about changing habits,” he said.
Mr Awap explained that financial education is now a national priority and is part of the government’s wider plans. He encouraged Papua New Guineans to trust the financial system, and for students to use what they learn in real life.
“It’s about giving the students the right knowledge and knowledge that empowers them both inside and outside the classroom,” he said.
Mr Steven Tandale, First Assistant Secretary at the DoE’s-CDD, praised the dedication and collaborative spirit of the workshop participants. He emphaized the critical role that writing, research, and continuous improvement play in curriculum development and encouraged educators to view challenges as opportunities brought for innovation.
Mr Tandale also acknowledged the practical barriers to implementation such as logistics, printing, and delivery to remote schools but affirmed that the team’s resourcefulness had led to creative solutions, including improved communication methods and enhanced documentation strategies.
This collaborative effort emphasizes a shared commitment to integrating financial literacy into the Standards Based Curriculum from Preparatory to Grade 12. The FE curriculum is critical in empowering students with essential financial knowledge, practical skills, and value based learning fostering lifelong learning, financial resilience, and responsible citizenship.
In total, 40 educational documents have been produced across the three workshops (two similar workshops held in 2024), all of which were funded by CEFI and delivered in collaboration with the DoE. This outstanding effort marks a national commitment to embedding financial literacy across all stages of formal education in Papua New Guinea.
The workshop brought together CEFI, DoE-CDD, and Aflatoun International to align core financial literacy concepts across all grade levels—from early childhood to upper secondary. Through collaboration, the workshop aims to ensure consistency, relevance, and effective implementation, helping equip students with essential financial life skills for a more inclusive society.
As Papua New Guinea marks 50 years of independence, a rare opportunity has emerged in global commodity markets — an opportunity that Prime Minister James Marape says could transform rural economies and secure lasting prosperity for farmers across the country.
With international prices for cocoa and coffee soaring to record highs, and a favourable exchange rate boosting local earnings, Prime Minister Marape has urged farmers, cooperatives, and agribusinesses to seize this moment.
“These global market trends are a signal to every farmer in the Highlands, Islands, Momase, and Southern regions that your time has come. The world wants what we grow — high-quality, organically produced coffee and cocoa—and they are willing to pay top prices for it,” Prime Minister Marape said.
Coffee and Cocoa Prices Reach Historic Levels
In early 2025, Arabica coffee – Papua New Guinea’s primary export variety – traded above US$4.40 per pound, the highest levels in over a decade. This surge has been driven by crop failures in major producing countries like Brazil and Vietnam.
At the same time, cocoa prices skyrocketed to over US$12,000 per metric tonne earlier this year due to global supply disruptions. Prices have since stabilised at around US$8,000, still well above the historical average.
“These price increases are not just financial headlines,” Prime Minister Marape said. “They are economic opportunities for every farmer with a cocoa or coffee tree.”
Exchange Rate Works in PNG’s Favour
Compounding this opportunity is the current exchange rate. The Papua New Guinean kina is trading at approximately K4.13 to the US dollar, which significantly boosts the kina value of export earnings.
“When our farmers sell to global markets, they now earn more kina for every US dollar received. This strengthens household incomes, boosts local commerce, and supports national growth,” the Prime Minister said.
Government Backing Farmers to Succeed
Prime Minister Marape outlined how the Government is supporting farmers to convert these market opportunities into tangible gains:
1. Major Investment Through the PACD Project
The Papua New Guinea Agriculture Commercialisation and Diversification (PACD) Project, co-funded by the World Bank and Government of PNG, is investing in processing sheds, feeder roads, nurseries, and tools for smallholder farmers. Key beneficiary provinces include Jiwaka, Western Highlands, Chimbu, Morobe, East Sepik, and East New Britain.
2. National Agriculture Credit Scheme
To address financing gaps, a National Agriculture Credit Scheme is being launched to provide farmers and SMEs with access to affordable loans. The goal is to help them buy equipment, expand production, and meet export standards.
3. Export and Market Access Support
The Coffee Industry Corporation Ltd (CICL) and Cocoa Board of PNG are enhancing export pathways by supporting certifications, cooperative exports, and direct-to-buyer partnerships.
4. Branding and Value Addition
The Prime Minister highlighted the importance of quality branding and value-added exports, such as honey- processed coffee and fine-flavour cocoa.
“Our crops are grown in pristine environments, by hardworking hands, using traditional methods. These are premium qualities that global markets value. We must now brand and market ourselves as a high-quality origin,” Prime Minister Marape said.
Economic Empowerment Through Agriculture
Prime Minister Marape emphasised that agriculture remains the most inclusive path to development for PNG’s rural majority.
“Our gold is not only in the ground—it is in our gardens. This is how we build a resilient, self-sufficient economy. One where the wealth is spread, not concentrated,” he said.
He drew inspiration from Scripture to reinforce the importance of agriculture in human life and economic survival: “God, having created Adam, tasked him to tend the garden in Genesis 2:15—giving us the first indication that it is the garden that can sustain life,” the Prime Minister said. “For us in Papua New Guinea, if a million subsistence families turn to commercial farming of export crops like cocoa and coffee, we would be earning real export dollars and transforming rural economies in the process.”
Prime Minister Marape also highlighted that the benefits of agricultural productivity are being multiplied by the Government’s broader support for families.
“We are already paying for children’s education through free education, and we are supporting health care,” he said. “These are some of the biggest annual expenses for families, and we are removing that burden. So, any income they earn from agriculture becomes a direct saving—money that goes into food, shelter, and building a better life. It’s all about generating real wealth and helping our people progress wherever they are. I continue to appeal to our citizens to see this vision, this foresight, and this real possibility for transformation.”
He pointed to recent success stories such as the Kore Mani Coffee Project in Jiwaka and the cocoa revival in East Sepik as examples of what is possible with coordination, commitment, and investment.
A Call to Action for PNG’s 50th Year
“As we celebrate 50 years of independence, we must reflect not only on our history but also on our future,” Prime Minister Marape said.
“Let this be the year we take back our agriculture. Let it be the moment we empower our farmers to feed the nation and supply the world. We are not just commodity producers — we are exporters, entrepreneurs, and custodians of this great land.”
Papua New Guinea and Australia should not take each other for granted but work together with shared goals for the prosperity of each of their people.
Prime Minister Hon. James Marape said this during the “Yumi Stap Wantem’’ event on Wednesday (14.05.25) evening. The event was organized by the Australian High Commission as part of the lead-up programs of PNG’s 50th Independence anniversary this year.
Prime Minister Marape said since Australia took on the United Nations man- dated responsibility over the Territory of Papua and New Guinea and eventually granted independence on 16th September 1975, the two nations remain closely bonded by their people-to-people and business-to-business relations.
He said amidst the many programs that are happening for PNG’s 50th Independence anniversary, it is good to see the Australian High Commission in Port Moresby organise the event as part of the countries’ shared history going to- wards 16th September 2025.
“I thank the Australian High Commissioner, the diplomatic community, and our guests for being part of tonight’s important event.
“We are very privileged to have Australia launch this program, ‘Yumi Stap Wantem’ – ‘We are Together, Side by Side, and Step by Step.’ It’s an important message.
“This event tonight is not just another diplomatic function. It symbolizes the continuing friendship and partnership between our two nations, Papua New Guinea and Australia, as we look forward to celebrating 50 years of Papua New Guinea’s independence,’’ said Prime Minister Marape.
The Prime Minister said this year, 2025, will mark a major milestone in PNG’s national journey.
He added that for many nations, 50 years is a young age, but for PNG, it represents the struggles, growth, and progress PNG has made — with friends walking alongside PNG.
“Let me place on record Papua New Guinea’s sincere appreciation to the people and government of Australia. Before 1975, you were helping us build our schools, hospitals, and roads and support the establishment of our institutions.
“After independence, you didn’t walk away. You stayed. You helped us grow our systems. You helped fund our development. You stood with us through crises, whether it was natural disasters or pandemics.
“Tonight is another example of how Australia continues to walk with Papua New Guinea. This partnership, through ‘Yumi Stap Wantem,’ is a reminder that we are not alone. It is a powerful message of friendship and solidarity.
“I want to thank the Australian High Commissioner and your team – and through you, the Australian Government and people – for believing in our country and people,” the Prime Minister added.
He said, “as we head into 50 years, we want to not only reflect on the past, but to set a solid foundation for the next 50 years. We want to see a PNG that is prosperous, united, safe, and where no one is left behind. And we want to do that in partnership with our closest neighbors and friends.”
The Prime Minister also thanked and acknowledged other development partners – Japan, China, the United States, New Zealand, Indonesia, Philippines, Malaysia, India, South Korea, France, United Kingdom, Solomon Island, Fiji, the EU, the PIF, and many others who are also contributing to the development of the country.
He said PNG is open to partnerships that respect its sovereignty, that support PNG’s development goals, and genuinely seeks to improve the lives of Papua New Guineans.
“We are not in a rush to be like other countries. We are Papua New Guineans. We will grow at our own pace, based on our values, our culture, and our people. But having friends like Australia, who understands us, who has walked with us for decades, make that journey much easier. Let us continue to work together.
“Let us make our 50th independence anniversary not just a celebration of the past but a launchpad for the future.
“I want to assure the Australian Government and all our friends here tonight that PNG remains committed to this partnership. As we go forward, we must continue to strengthen our ties. Our people must interact more. Our businesses must connect. Our leaders must work together. Our future generations must understand the bond we share.
“So, thank you again, Australia, for being here for us. Thank you for this beautiful initiative -‘Yumi Stap Wantem.’ I encourage all Papua New Guineans to embrace this message. Let us walk together. Let us grow together. Let us face the future together.
“I encourage my fellow Papua New Guineans not to take Australia and its people and their presence for granted but embrace them and work together for our own good. We would like Australians to do the same to us PNG,’’ said Prime Minister Marape.
Prime Minister James Marape has issued a firm directive to all relevant state agencies to work around the clock to prevent Papua New Guinea from being placed on the Financial Action Task Force (FATF) grey list by October 2025.
Speaking after convening a high-level meeting in Port Moresby today, Prime Minister Marape said he has given a “no-excuses” directive to the Intergovernmental Taskforce on Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF), led by the Chief Secretary, and comprising the Department of Justice and Attorney General, Bank of Papua New Guinea, Royal Papua New Guinea Constabulary, Department of Finance, Treasury, Internal Revenue Commission, and other key institutions.
“I gave a very strong charge to this team to bend the midnight oil and ensure we do everything required to avert this grey listing. We have five months – from now until the end of October – and I will not accept any excuse for failure,” Prime Minister Marape said.
He added that responsibility for coordinating efforts has now shifted to the Treasurer, with all key institutions – including the Chief Secretary, Justice Secretary, and heads of relevant agencies – to report directly to him moving forward. “I’ve shifted this task away from the Justice Minister as the political head of this work . Everyone must now report through the Treasurer to drive this process forward. The political will is there – what’s been holding us back are administrative impediments and, frankly, administrative incompetence. That must end now. We cannot afford to delay,” Prime Minister Marape said.
He stressed that the Government had already done its part by delivering critical legislation and institutional reforms since 2019, including the establishment of the Independent Commission Against Corruption (ICAC), the passage of the Whistleblowers Act, and amendments to the Proceeds of Crime Act.
“You cannot get any clearer in terms of political will to fight corruption than what we’ve already done. This government passed the ICAC law. We passed the Whistleblowers Act to protect those reporting corruption. We amended the Proceeds of Crime Act to make it compulsory for the State to pursue and confiscate wealth acquired illegally. That clearly shows our commitment to clean governance,” Prime Minister Marape said.
“I cannot tolerate those who are employed by the State to handle these matters being complacent and slow. This work must now move with urgency.”
Prime Minister Marape made it clear that any agency failing to meet its reporting and implementation obligations would be held accountable, adding that by close of business on Tuesday, he had expected a full update on the status of each agency’s work.
“We must identify key milestones, track progress, and prosecute those involved in illegal financial transactions. There can no longer be any room for money laundering in our country,” Prime Minister Marape stated. “Illegal transactions, including those linked to domestic terrorism like gun smuggling in the Highlands, must be investigated thoroughly. The money trail is traceable — follow it.”
He added that Papua New Guinea’s ambition to grow into a K200 billion economy would be undermined if corruption and illicit financial flows continued unchecked.
“There is no economic progress if illegal money continues to circulate. Our financial system must promote genuine trade and transparent, traceable transactions.”
Prime Minister Marape also reaffirmed the moral obligation of government to act, beyond just meeting global compliance standards.
“This is not just about avoiding grey listing. It is about protecting our economy, restoring integrity in governance, and ensuring our people live in a society where hard work is rewarded – not crime.”
He concluded with a direct call to all agencies in attendance — numbering more than 30 — to “work day and night, bend the midnight oil, and get this done by October.”
“I want a country where we are clearly seen to be serious about stamping out money laundering. Let us prove to our people and to the world that Papua New Guinea is committed to clean governance and legitimate economic growth,” Prime Minister Marape said.
Resources & Investment Finance Limited (RIFL) has gained a strong reputation for its fast and flexible finance solutions. RIFL’s new General Manager - Business Development, Russell Evans, has set his eyes on smarter, sustainable finance to empower businesses in Papua New Guinea (PNG).
In an exclusive interview with PNG Business News, Evans shared his vision for driving inclusive financial growth, digital innovation, and ethical lending to unlock economic potential across the country. This core strength is set to evolve further with technological investment and a deeper client-centric approach as customer-centric service -- and is at the heart of RIFL’s promise.
RIFL services range from providing equipment finance for commercial and consumer purposes, including motor vehicles, trucks and earth moving machinery, mining and construction equipment. It also specializes in funding technology assets like information technology and office equipment, software, and telecommunications. The focus is on four core financial aspects:
“RIFL are looking into web-based solutions for even quicker turnarounds,” Evans explained.
“We are taking more time to understand and work with our clients to build long-term relationships and being the preferred supplier of choice. In turn, this will help us provide quick, bespoke financial solutions. But as our greatest asset is our staff, we continue to invest in continual training and a continuous improvement model.”
Client Relationship a Priority
He emphasised the importance of face-to-face engagement with a clear commitment to client relationships, which involves taking the time to understand clients’ needs and work with them to create tailored solutions.
“While the lending process is regulated and often document-heavy, once we have the required paperwork, things move quickly and we pride ourselves on becoming a true extension of our clients' businesses,” Evans explained.
“Email communication cannot equal the value of meeting clients in person. We pride ourselves on becoming a true extension of our clients' businesses.”
As the financial services industry undergoes rapid digital transformation, Evans is careful not to lose the human element.
“My focus is on striking the right balance between efficient digital solutions and the personal touch, because sometimes, you just need to speak to someone.”
Evans assumed the General Manager role at a time when financial services are being transformed by technology as he shares the digital strategies he sees as priorities for RIFL.
“Peter Boutcher has done an incredible job leading RIFL to this point, and I’m excited to build on that foundation by leveraging my skills to enhance our digital customer experience. My focus is on striking the right balance between efficient digital solutions and the personal touch because sometimes, you just need to speak to someone. At RIFL, we guarantee that when you call, our team will answer with enthusiasm and be ready to help.”
Evans, a finance executive and CPA, joined RIFL with a conviction that finance should be a tool for empowerment.
“Through my career in finance, I have always had a passion for making companies perform better, and RIFL offers solutions to solve cashflow limitations through finance.
“RIFL allows companies to take advantage of opportunities with our quick turnaround and truly making a positive difference in helping companies through our financial solutions.”
As RIFL expands in asset finance, a close watch is set on digital transformation, diverse industries, and the rise of green financing. Evans said PNG is the land of opportunity, therefore RIFL is investing in automation and analytics to enhance decision-making and customer experience.
“By being open to all industries we aim to stay agile and competitive. Our goal is to offer smarter, faster, and more sustainable finance solutions for both commercial and consumer markets,” he added.
Supporting SMEs
Access to credit remains a barrier for many small and medium enterprises (SMEs) in PNG, a challenge that Evans says RIFL is uniquely positioned to tackle.
“That is exactly where RIFL can make a real difference. We understand that every business has a story, and sometimes it’s not about ticking every box, but about taking the time to listen,” he said.
“Our role is to provide practical, well-structured solutions that help SMEs grow, without making the process feel burdensome. When we back a small business, we back it with intent and we work hard to be the finance partner that genuinely understands local needs.”
Evans is passionate about nurturing economic inclusivity, commenting on the importance of RIFL contributing to the nation’s development.
“I’m not here to make a few people rich; I want to help bring up the middle class and help PNG turn from a developing country to a thriving one,” he added.
Balancing Lending and Investment Services
RIFL’s dual offering of lending and investment solutions allows for holistic financial growth, which is a balance Evans believes more PNG businesses can tap into.
“As a CPA, one of my biggest frustrations is seeing businesses leave cash sitting in the bank earning just 1%, when that money could be working harder in a RIFL term deposit earning up to 6%.”
“Our focus is on helping clients realise that cash is an asset just like a truck or excavator, it should be generating returns. Balancing lending and investment is about education and opportunity, and we’re here to show our clients how they can grow both sides of their balance sheet with us.”
“Cash is an asset, it should be generating returns.”
Evans says the key lies in education and opportunity, and RIFL is here to show how clients can grow both sides of their balance sheet.
He also spoke of the ethical lending and leadership in uncertain times. As financial institutions face greater scrutiny, Evans underscores RIFL’s commitment to ethical practices.
He said: “Growth means nothing if it comes at the cost of integrity. Ethical lending is not just a buzzword, is about making sure finance actually helps and not hinders, a client’s progress.”
“We are not here to push loans, we are here to build long-term relationships based on trust, transparency, and doing what’s right for the customer.”
When it comes to leadership, as the General Manger, Evans leans on three guiding principles: clarity, consistency, and empathy.
“In a sector like finance, where uncertainty is part of the game you need to make decisions quickly, but always with purpose,” he said.
“I believe in being upfront with my team, backing them when it counts, and staying calm under pressure. If we can lead with integrity and keep the bigger picture in mind, even tough calls become easier to make.”
Evans’ connection to PNG goes beyond boardrooms. Recalling his time in the cocoa industry, he shared a poignant reflection: “From my previous role at Elliven in Cocoa, some of the most memorable and meaningful conversations I had were not in boardrooms or over email. They were in plantations scattered around your beautiful country, sitting under the shade of a Gliricidia tree, talking cocoa with local farmers. Those moments reminded me that life isn’t just about making money or chasing success.”
“One of the truly special things about the people of PNG is their ability to find happiness and joy, even with what many expatriates might see as very little. It has taught me that wealth means nothing unless it’s earned honestly, with good intentions, and in a way that uplifts those around you.”
For Evans, RIFL is not just a finance company, it’s a platform to build a more equitable and vibrant economy.
“RIFL gives me the opportunity to fulfil my motivation to help grow the middle class and create a thriving PNG,” he said.
More information on RIFL can be accessed on the RIFL LinkedIn Page and the RIFL Website.
Across the resource and energy sectors, developers have turned to modular composite construction for camps, office complexes, and a wide range of support buildings—recognising its clear advantages over traditional timber solutions. Modular systems engineered by Ark offer superior performance in key areas including durability, minimal maintenance requirements, and resistance to termites and rot. They also deliver enhanced fire safety and thermal insulation. Just as importantly, modular components are designed for rapid, safe, and efficient assembly—making them an ideal choice for remote or time-sensitive projects.
Ark delivered its first LNG camp in PNG in 2010 – a 1,000 person, multi-storey accommodation complex and support buildings assembled by a 99 percent local workforce in less than one year. Fifteen years on, Ark’s camps are established across PNG, with the company’s modular solutions increasingly being adopted by organisations beyond the resource sector.
General Manager, Ark Pacific, Cass Ruka says that Ark has invested heavily in perfecting its product for PNG’s challenging building environment. “We’re an ISO9001 certified company with plenty of other certifications attesting to quality, such as our Australian-compliant fire safety ratings and our internationally rated insulation.” Ark’s innovations in insulation technology enhance indoor comfort while significantly reducing the need for heating and cooling—lowering operational costs and boosting the overall sustainability of its buildings.
Despite timber’s natural beauty, even when treated it is still susceptible to termites and wood rot thrives in the tropics. Timber is also a highly combustible material. Given the safety risks—particularly in large-scale capital investments such as workforce camps that must accommodate hundreds or even thousands of personnel—it’s no surprise that developers are increasingly steering away from timber construction when they can.
Ruka explains that timber buildings also take longer to construct than their modern modular alternatives and also incur higher freight costs. Alternatively, Ark’s products are designed for rapid assembly – even by unskilled labour – and they enjoy a freight footprint of up to 70 percent less than competitors’ products. Six of Ark’s flat pack units are equivalent to a single standard 20 foot shipping container when stacked together ready for transport. This equates to fewer ships, trucks, barges, etcetera when building with Ark.
In addition to increasingly refining its product for PNG’s challenging and often remote construction environment, Ark is investing in a stock facility and additional staff in Lae. Scheduled to open in Q3, the facility will hold up to 20 complete modular units (enough for a large office complex or small camp), as well as ablution blocks and a wide range of spare parts (from nuts and bolts to spare walls).
Ruka reports that customers value the prospect of placing an order and having it on site within a couple of days. “We’ll have everything flat-packed and ready to go at the facility—it’ll simply be a matter of loading it onto a truck. Alternatively, if the client prefers, we can pre-assemble the units in our yard before dispatching them to site.”
Steamships recently announced the appointment of Ruth Kissam, who joined the Steamships team as General Manager of Corporate Affairs. She is the first woman to hold the position within the Company, and with the historical appointment, Steamships reinforces its commitment to closing gender gaps as Ruth leads an all-female-Papua New Guinean team.
A respected leader, advocate, and changemaker, Ruth Kissam brings a wealth of experience in grassroots development, community engagement, and advocacy. In her new role, she will oversee Steamships’ communications, sustainability, and community engagement efforts, leading a dynamic and all-female team of Papua New Guinean professionals. Her appointment marks a milestone in Steamships’ commitment to gender equity and the empowerment of women in leadership roles.
"Ruth’s appointment reflects Steamships’ ongoing commitment to creating opportunities for capable, passionate Papua New Guinean women to lead," said Steamships Managing Director Chris Daniells. “We believe that empowering women in leadership not only strengthens our company but also helps build a more inclusive and resilient future for Papua New Guinea.”
Kissam’s all-female team challenges the gender norms and is spearheading key initiatives across the company’s corporate affairs portfolio, ensuring that community, sustainability, and inclusive growth remain central to Steamships’ operations.
“I’m proud to lead a team of smart, dedicated Papua New Guinean women who are passionate about making a difference,” said Ruth Kissam. “Together, we’re not just representing women in leadership, we’re reshaping what leadership looks like through an iconic company that has played a significant role in the growth of this great nation.”
Steamships has a proud history of taking active steps to grow women in senior leadership positions, nurturing local talent and promoting based on merit. These included Seini Fisi’ihoi who was the General Manager of Human Resources 2022-2023, and Deborah Onga previously Steamships’ youngest member of the Senior Management team, taking the position as Group Legal Counsel December 2020 – March 2024.
GET ready to tee off for a great cause. The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is thrilled to announce it’s Inaugural PNG Resources Week Charity Golf Challenge, set to take place on July 25th, 2025, at the Royal Port Moresby Golf Club.
Since its inception in 2023, the PNG CORE Charity Golf Challenge has become a significant event, bringing together the extractive industries and corporate partners to support vital community initiatives.
The funds raised from previous challenges is set to make a tangible impact, with the purchase of essential medical equipment such as:
The medical equipment will be donated to Mt Hagen General Hospital upon arrival in country.
These contributions will significantly enhance Mt Hagen General Hospital’s capacity to deliver effective care, reduce infant and child mortality, and support dedicated medical professionals in the province and the Highlands region
This year's event promises to be even more impactful. By participating in the PNG Resources Week Charity Golf Challenge, you will be directly contributing to health, education, and community development projects across Papua New Guinea. Whether you're a seasoned golfer or a novice, your involvement will help drive positive social change.
For more information on how to participate, sponsor, or support the event, please contact PNG CORE Events team on events@pngcore.org or phone (675) 207 9080.
Health is everyone’s business, especially in countries like Papua New Guinea where national development depends heavily on human resources. A healthy population is important not only for social well-being but also for economic growth and national progress.
Combating malaria, a disease that continues to place immense strain on health systems and communities, thus is a national and regional priority, leading to the inaugural EDEN Initiative Regional Coordination Meeting opened in Port Moresby, Papua New Guinea on 6 May.
This meeting stems from the Eliminating Malaria and Other Vector-Borne Diseases through Enhanced Regional Partnerships (EDEN) Initiative, a collaboration endorsed by health ministers from Indonesia, Papua New Guinea, Solomon Islands, Timor-Leste, and Vanuatu, during the 8th Asia Pacific Leaders’ Summit on Malaria Elimination in 2024.
Papua New Guinea’s Minister for Health, Hon. Elias Kapavore, hosted the meeting that brought together representatives from Indonesia, Papua New Guinea, Solomon Islands, and Vanuatu to define shared priorities and accelerate efforts toward a malaria-free Central Indo-Pacific.
In the World Health Organization (WHO) South-East Asia and Western Pacific regions, 75% of malaria cases are concentrated in just five countries.
Kapavore said tackling malaria is one of the priorities of the Ministry of Health.
“Our country has one of the highest malaria rates in the Western Pacific, with nearly one million cases reported annually. Papua New Guinea remains committed to the EDEN Initiative,” the minister said.
“Alongside our partners and technical experts, we are laying the foundation for a collaborative effort that outlines our shared priorities and strategies. We are here not just to talk but to act.”
The EDEN Initiative aims to drive major advances in malaria elimination across the region, from Sabang in Indonesia to Tafea in Vanuatu, through large-scale, innovative solutions that would strengthen regional health security and unlock economic benefits for communities.
The meeting focused on the growing impact of climate change on malaria transmission. Shifts in temperature, rainfall, and extreme weather have accelerated parasitic and vector development, increased vector activity and bite rates, and expanded breeding sites.
The group concluded that the Central Indo-Pacific faces rising climate-induced risks that are altering transmission patterns and overwhelming health systems—putting more people in danger.
To reach a malaria-free Central Indo-Pacific, the EDEN Initiative is seeking funding for innovative projects that offer substantial progress but exceed domestic financing capabilities.
Representatives from the four countries endorsed four transformative approaches to advance this goal:
A subnational tailoring program will help PNG, Solomon Islands, and Vanuatu implement context-specific, cost-effective strategies.
Building a strong regional network of laboratories and support systems will enhance diagnostics, surveillance, and rapid response.
A cross-border data-sharing platform will support early detection, coordinated responses, and better management of imported cases.
Scalable demonstration projects will be launched in selected high- and low-burden areas in each country. In high-burden areas, these projects will involve community health workers, larval source management, vector control, and improved surveillance to boost diagnosis and reduce parasite reservoirs. In low-endemic areas, the focus will be on sensitive surveillance, rapid containment, and preventing re-establishment. These pilots will generate best practices to guide broader national and regional efforts.
Health ministers from the five EDEN countries will advance the initiative further at the 9th Asia Pacific Leaders’ Summit on Malaria Elimination, set for 16-17 June in Indonesia.
Westpac is proud to mark 115 years of continuous service in Papua New Guinea with the return of one of the country’s most prestigious recognition platforms the Westpac Outstanding Women (WOW) Awards.
Established to honour exceptional women who are making significant contributions across business, government, community, education and social development, the WOW Awards return at a milestone moment when both Westpac and Papua New Guinea are celebrating landmark anniversaries. In 2025, Westpac marks 115 years in the country, while PNG celebrates 50 years of Independence.
“Westpac has been part of Papua New Guinea’s story for over a century. We’ve stood alongside communities through major transitions, and this year is especially meaningful,” said Andrew Cairns, Chief Executive Officer, Westpac PNG. “Bringing back the WOW Awards in 2025 reflects our commitment to celebrating the people who are shaping PNG’s future. Women are at the heart of progress in every sector and when we back them, we back the nation.”
The 2025 WOW Awards will honour seven (7) category winners, including an overall Westpac Outstanding Woman of the Year. Each winner will receive a K5,000 grant to support their professional or community development, along with mentorship, and fully funded travel and accommodation to participate in the awards program and associated leadership engagements.
From a business perspective, the return of the WOW Awards reflects Westpac’s values-driven approach to leadership. It is a strategic move that reinforces the Bank’s focus on inclusion, empowerment, and long-term impact, and provides a platform for celebrating the achievements of women who are breaking barriers and leading change in their industries and communities.
Throughout its 115-year presence in PNG, Westpac has consistently played a role beyond banking. Serving as a partner in nation-building, economic development, and community upliftment. The WOW Awards, last hosted in 2021, have previously launched the careers of many women who have gone on to lead, influence policy, and mentor the next generation.
This year, the Awards will honour new voices and stories, while reigniting the national conversation around gender equity, leadership and opportunity.
“We are proud of our history, but even more excited about the future. Westpac remains deeply committed to backing women, backing business, and backing PNG,” added Mr. Cairns. “Our legacy is built on trust and service, and we will continue to walk alongside Papua New Guinea in the years to come.”
Ok Tedi Mining Limited (Ok Tedi) has entered into a binding agreement with Kingston Resources Limited (Kingston) to acquire the Misima Gold and Silver Project for A$60M (~US$38M), with further contingent payments totalling up to A$35M (~US$22M).
The Misima Gold and Silver Project, located 625km east of Port Moresby in Milne Bay, has a current mineral resource estimate of 3.8Moz of gold and 22.1Moz of silver.
Ok Tedi operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea (PNG).
The company is 100% PNG owned, with a 67% direct shareholding by the Independent State of PNG through Kumul Minerals (Ok Tedi) Limited and a 33% interest held by the people of the Western Province.
Ok Tedi Chaiman Mark Stone said the transaction was a marker of PNG’s resurging mining sector.
“The move to a multi-mine business is a significant step for Ok Tedi, reinforcing the company’s commitment to harnessing the region’s mineral assets and capitalising on government support for long-term growth,” said Mr Stone.
“Papua New Guinea is a mineral rich land with many natural assets just waiting to be unlocked and the Misima mine, with its 3.8Moz resource together with potential exploration upside, is a great example of that.
“We hope that bringing Ok Tedi’s strong operational capability to another national resource will contribute to the Government’s Vision 2050 to empower our people and create wealth for our nation,” he said.
Managing Director and Chief Executive Officer Kedi Ilimbit spoke enthusiastically on the company’s growing footprint.
“Ok Tedi is entering an exciting period of expansion as we look to secure Ok Tedi’s future and act on our Growth 2050 vision.
“We have many great projects on the horizon, from mine improvements to extend the mine life, to our ‘lighting up the west’ hydro-electrification strategy and other sustainability initiatives – the reopening of Misima gold is just one early step in the journey,” he said.
Mr Ilimbit highlighted Ok Tedi’s significant community consultation experience, which he believed would ensure a smooth ownership transition.
“Through this project we will boost social and business opportunities on Misima Island and ensure the benefits flow through into the communities, and also bring more economic value to our shareholders, the people of PNG.”
Kingston Resources Ltd, an ASX-listed gold and copper company based in Australia, moved to 100% ownership of the Misima project in 2021 and completed a Definitive Feasibility Study (DFS) of the mine which confirmed the viability of a new long-life open pit mining operation at the site.
The DFS assumed a 20-year mine life, annual throughput capacity of 6.1Mt and life of mine average annual gold production of 122koz.
“We will now proceed with refining the DFS and environmental impact studies to accelerate our development and permitting plans and return Misima to its former glory as a successful producer and contributor to the local economy,” said Mr Ilimbit.
The acquisition will be funded by Ok Tedi’s existing cash flows, with a number of options to be explored for funding the development and construction of the operation.
Completion is subject to customary consents being obtained from relevant stakeholders including the extension of the current principal exploration licence and Independent Consumer and Competition Commission of PNG (ICCC) approval.
The sale agreement contains other terms and conditions typical for an agreement of this nature including standard representations and warranties provided by both Ok Tedi and Kingston.
“We look forward to working with the Mineral Resources Authority to facilitate the smooth processing of all regulatory requirements to get this magnificent national resource back up and running,” he said.
The Misima mine was previously operated as an open pit mine from 1989 to 2004 by Placer Dome Inc., producing 3.7Moz of gold during its 15 years of operation.
Treadstone Resource Partners acted as strategic and financial advisor, Allens acted as legal advisor, PWC acted as tax advisor, and AMC Consultants acted as technical advisor to Ok Tedi for the transaction.
BSP Financial Group Limited’s (BSP) Port Moresby Branch is undergoing a full refurbishment —a key part of the bank’s ongoing modernisation program aimed at delivering a better, faster, and more convenient banking experience for all customers.
BSP Group General Manager – Retail, Ronesh Dayal, in announcing this said the bank is upgrading one of its most iconic branches to bring customers a more modern and seamless banking experience.
“To ensure there’s no disruption to our services during this exciting transformation, we’ve temporarily relocated all banking operations to the mezzanine floor of the Port Moresby Branch building, effective today – Monday, 19th May 2025.
“All banking services will continue at the temporary location, including Teller transactions, customer enquiries, new account openings, Lending services, and Digital banking support. Our friendly staff are ready and available to assist you at every step,” he added.
This refurbishment marks the second major upgrade under our modernisation program, following the successful reopening of our Waterfront Branch in November 2024.
“The Port Moresby Branch, a trusted financial hub since 1st May 1957, is being transformed to reflect BSP’s long-term commitment to innovation and customer-first service. Once completed in August 2025, the new branch will feature a refreshed, modern layout and enhanced digital banking solutions—making everyday banking even easier. Similar upgrades are planned across key locations in Papua New Guinea as part of BSP’s commitment to the prosperity and progress of the communities we serve,” Mr Dayal further added.
In the meantime, BSP Paramount Banking Team has relocated to Level 2, Moki Business Park, Waigani, and continues to support BSP’s valued customers.
“Thank you for your continued support as we build the future of banking in PNG,” Mr Dayal concluded.
Prime Minister Hon. James Marape, MP, today officially welcomed the new Australian High Commissioner to Papua New Guinea, His Excellency Ewen Neil McDonald, during a courtesy call at the Office of the Prime Minister in Port Moresby.
Prime Minister Marape expressed his appreciation to H.E. McDonald for the meeting and warmly welcomed him to Papua New Guinea, noting the significance of his appointment during a milestone year for the nation.
On behalf of the Government and people of Papua New Guinea, Prime Minister Marape conveyed his congratulations to Prime Minister Anthony Albanese and the Australian Labor Party on their recent electoral victory.
He highlighted the historic bond between both nations, acknowledging that the Australian Labor Government was the administration that granted independence to Papua New Guinea on 16th September 1975.
“It is deeply symbolic that the Labor Government is once again leading Australia as we prepare to celebrate 50 years of independence,” Prime Minister Marape said.
He reaffirmed that Papua New Guinea places great value on its relationship with Australia, describing it as “the most diverse and important” bilateral partnership.
“As we look forward to marking 50 years of political self-determination, we also celebrate a significant chapter in the enduring relationship between our two nations,” the Prime Minister added.
Prime Minister Marape acknowledged Australia as PNG’s largest development partner, providing an estimated AU$637.4 million in Official Development Assistance for 2024–2025.
He noted that the PNG–Australia relationship has evolved into a deeper economic and strategic partnership, underpinned by trade and investment, security cooperation, and stronger people-to-people ties.
“Our bilateral ties have broadened with the Comprehensive Strategic and Economic Partnership (CSEP) 2020–2030 and the signing of the Bilateral Security Agreement (BSA) in 2023,” he said.
In conclusion, Prime Minister Marape extended a formal invitation for Australia to join in the celebrations of Papua New Guinea’s 50th Independence Anniversary on 16th September 2025.
Prime Minister Hon. James Marape has congratulated the European Union (EU) on the occasion of Europe Day, recognising the EU’s long-standing and expanding partnership with Papua New Guinea during a formal reception held on the evening of Friday, 9 May 2025 at APEC Haus.
Speaking before a distinguished audience of diplomats, ministers, and development partners, Prime Minister Marape underscored the EU’s critical role in PNG’s development needs.
“On behalf of my government and the people of Papua New Guinea, I congratulate the European Union on your Europe Day and acknowledge the deep and significant partnership we continue to share.
“Your programmes across the country — especially in provinces like East Sepik — are directly improving the lives of our people,” said Prime Minister Marape.
He highlighted the extensive support PNG receives from the EU in sectors including education, energy, gender equality, agriculture, climate resilience, and public financial management.
“The European Union has been a steadfast partner. Your investment in education, energy access, agriculture, and governance is transforming communities. From climate change resilience programmes to supporting us during COVID-19, you have stood by us in good times and in moments of hardship,” added Prime Minister Marape.
Prime Minister Marape also emphasised the EU’s financial contributions at the provincial level.
“We are grateful for the millions of kina being invested by the EU in provinces such as East Sepik. These funds are building infrastructure, boosting agriculture, and enhancing public services in our rural areas,” said Prime Minister Marape.
He reiterated PNG’s commitment to shared values such as democracy, equality, and inclusive development.
“Papua New Guinea is a robust democracy with a free-market economy. We believe that everyone deserves equal opportunity for progress and prosperity, no matter where they live,” said the Prime Minister.
Referring to the broader geopolitical context, Prime Minister Marape added that PNG is positioned as a critical link between the Pacific and Southeast Asia, calling for stronger global cooperation.
“We are a proud member of the Pacific family, with deep ties to ASEAN and Asia. As the world shifts towards a more multipolar future, we welcome the EU’s continued presence in our region.
“Our foreign policy remains clear—friends to all, enemies to none,” he said.
Prime Minister Marape also announced at the Europe Day event that PNG is expanding its diplomatic footprint in Europe.
“I’m pleased to confirm that our nominee for Consul in Switzerland has been accepted, and plans are underway to open an embassy in France.
“These efforts mark our growing engagement with Europe,’’ said Prime Minister Marape. Reflecting on the EU’s origin, Prime Minister Marape also paid tribute to French Foreign Minister Robert Schuman, whose 1950 vision laid the foundation for the European Union.
“Schuman’s vision reminds us that even one person’s idea—grounded in peace and partnership—can shape global history. That same spirit of unity is what we celebrate today.”
The Prime Minister concluded by thanking the EU for “finding a home in the Pacific.” “Though 12,000 kilometers may separate us, in every sense you are close to us.
“The EU has a home here in Papua New Guinea, and we thank you for being part of our journey toward peace, development, and shared prosperity.”
External Auditors into the Connect PNG Program are now in country to commence face to face interviews with all stakeholders and physical inspections of the road projects, starting in the Manus province where the start of phase one of the program was launched in 2022.
Acting Chief Secretary to Government Ivan Pomaleu said the Audit is a response to various concerns raised on the floor of parliament last year regarding how the National Government is managing and Coordinating the K20 billion Connect PNG Road Works Program over 20 years.
The Acting Chief Secretary said that the Connect PNG Act 2021 provides that 16,500 kilometres must be constructed by 2040 and the law commits 5.6% of the country’s annual budget to the Program.
He said this means that no matter how much the budget for each year, from 2020 up to 2040, 5.6% of the total annual budget is already committed by law to the program.
Mr. Pomaleu emphasised that this is one of the biggest Program ever undertaken by the Government of Papua New Guinea and to ensure that things are done properly and quality and sustainable work is delivered for the people, an Audit on the programs progress must be done.
He said the Manus East West Highway is a 150-kilometre road that will open up access to the Manus Special Economic Zone and is one of six identified projects that comes under phase 1 of the program,
Mr. Pomaleu further added that the current contract in the works is for 32.5 kilometres of road, starting from NBC Junction to Kawa Primary School valued at over K115 million, which was supposed to run from 2020 to 2023 but started in 2022 after the contract for the project was signed between the State and the contractor, COVEC. The Auditors are now in Manus to investigate work progress.
“In Manus, the external auditors will meet with representatives from the National Department of Works, the Provincial Department of Works, the Contract Manager and the Contractor, COVEC, for one on one interviews before going on a site visit to personally see evidence of work progress,” he said.
The Acting Chief Secretary said that at the end of the Independent audit, a report will be provided to the National Executive Council on their findings on the current status of the road works, the procurement process of all the contracts awarded from 2020 – 2024 under the Connect PNG Program and provide recommendations on findings to change and improve the practise under GoPNG funding and procurement processes.
Governor for Manus Hon. Charlie Benjamin expressed his appreciation of the Independent External Auditors coming to Manus saying they would like to get clarity on the processes involved in the awarding of the contract and get answers as to why the project is not progressing as per the time line for the project.
Prime Minister Hon. James Marape recently (15.05.25) met with the Special Envoy of the Minister for Foreign Affairs of United Arab Emirates (UAE), His Excellency Mr. Omar Shedadeh to further discuss the strengthening of bilateral relations between the two countries, especially in trade and investment, and technical expertise by UAE to PNG in targeted areas.
Mr. Omar is representing the Minister of Foreign Affairs, His Highness Shiekh Abdullah bin Zayed Al Nahyan as the Special Envoy to Caribbean and Pacific States.
UAE is a relatively new partner to PNG, having formalized its diplomatic ties with PNG on 22 May 2017, with an NEC decision for the opening of a diplomatic mission in the capital, Abu Dhabi pending; and a visit to PNG in 2014 by the Foreign Minister, His Highness Shiekh Abdullah bin Zayed Al Nahyan.
Relations peaked when great interest in trade and investment with PNG was generated during the World Expo 2020 (delayed because of COVID-19 pandemic and held from 2021 to 2022) where 23 companies registered their interests to invest in PNG.
With the PNG Ministry of International Trade and Investment, and Ministry of Foreign Affairs facilitating the arrangements, three initial agreements are currently underway. They include the Air Services Agreement, Double Taxation Agreement, and Investment Promotion and Protection Agreement.
At the meeting today, Prime Minister Marape noted UAE’s colossal success in development over a relatively short period, describing UAE as “an inspiration to us all”.
He highlighted the benefits PNG stands to get out from UAE’s experiences and position as a world leader in trade and investment, technological innovation and advancement, and environmental sustainability.
He said the PNG Government is looking forward to working closely with the Government of UAE to grow the business-to-business and people-to-people relations of the two countries while the government-to-government relation progresses.
The Prime Minister advocated PNG’s strong position between the Pacific and Asia regions, while underscoring Asia’s rise in economic power within this century making PNG the ideal location to invest to tap into the expanding markets of Asia.
Once more, discussions turned to trading with UAE in mining, fisheries and agriculture where the Special Envoy put across his country’s keen interest to buy from PNG, high among them, PNG coffee.
The management team of a Sri Lankan large-scale coconut-based food and beverages manufacturer/exporter, yesterday, met with the Minister for International Trade and Investment, Hon. Richard Maru, to express their keen interest to set up a coconut processing plant in Madang Province under a Joint Venture arrangement with the local investors.
Jaindi Export Pvt Limited has two processing plants in Sri Lanka and, under the brand name ‘econutrena’, they offer expanding and diversified product portfolio, ranging from coconut cream, coconut milk, coconut oil, coconut sugar, coconut butter, coconut whipping cream, coconut ice cream, coconut vinegar, coconut virgin oil, coconut water, coconut flour, coconut chips and coconut milk drinks (to name a few) to their worldwide clients including supermarket chains and high-end supermarkets, food companies, hotels, and the cosmetic industry in Europe, North America, Japan, Australian, Germany, Netherland and other developed countries. Their products are 100 percent organic and are certified under different local and international certifications including USDA Organic, Fairtrade, ISO 22000, Control Union Certifications, Business Social Compliance Initiative, and others.
The Minister for International Trade and Investment, Hon. Richard Maru, said: “Our Government together with the Madang Provincial Government are very keen to work in partnership with the Jaindi Export and Kokonas Indastri Koporesen (KIK) to develop the proposed processing plant in Madang that would have the capacity to process up to 100,000 coconuts per day to produce high-end coconut products. This is a long overdue initiative and I am so delighted that they are keen to start this project. We have been waiting for partners to help us to go into downstream processing of our coconuts to produce high-end products for the global market.”
“Coconut industry is one of the industries in our country that has been around for a long time, but we have been semi-processing and that is one thing that our country and our Government does not want anymore. We do not need to export coconut oil anymore. We want to process our coconuts into final products to maximize our value, create more jobs, and encourage the industry to grow if our people can see a better value.”
“Jaindi Export’s already have big clients in Australia including Woolworths and it is cheaper to supply Australia from PNG rather than from Sri Lanka.”
Minister Maru further stated: “The biggest thing is, we must offer a good price to the farmers for the coconuts so they will be attracted to supply the nuts to the processing plant. This is critical. The products manufactured in the proposed plant must also carry the ‘PNG Made’ logo so the world will know that these coconut products are from PNG.”
Minister Maru encouraged the investor to provide him with a full investment proposal outlining the capacity, production, equity, and the financial and operational viability of the project.
“We look forward to receiving Jaindi Export’s full investment proposal next week,” said Minister Maru.
Minister Maru confirmed that equity will not be an issue.
“I will also work very closely with the Madang Provincial Government to secure 10 hectares of land in Madang for this very important investment that will transform the coconut industry in PNG,” said Minister Maru.
“I want to thank the Managing Director of KIK, Mr. Alan Aku for arranging this important investment mission for this company to meet with me and other key stakeholders,” added Minister Maru.
PNGX Group Limited (PNGX Group), holding company of Papua New Guinea’s national stock exchange, is pleased to announce the appointment of Mr. Samson Korawali to the Board of PNGX Group.
Mr Korawali is a seasoned technology professional with over 18 years of global experience specializing in delivering innovative solutions across diverse industries in the Asia Pacific and North American regions.
Mr Korawali is the CEO/CTO of SNS Tech Pty Ltd, a leading technology services provider in Papua New Guinea. He has served as Chief Developer for the Department of ICT, successfully delivering the eGov portal & Digital ID, and pioneered the integration of Xero’s accounting platform with Kina Bank.
Mr Korawali is also the Founder & CEO of Reelae Pty Ltd, a locally developed online learning platform based in PNG and Australia.
PNGX Group Chairman, Mr David Lawrence, welcomed the appointment of Mr Korawali to the Board. “Mr Korawali brings a wealth of experience to the PNGX Group. The PNGX business is heavily reliant on technology and innovation to develop the capital market in Papua New Guinea. The commercial and technology perspectives which Mr Korawali brings will help us develop faster and more sustainably both in Papua New Guinea and the region” he said.
Mr Korawali said “I’m excited about the opportunity to join PNGX Group. Being passionate about leveraging technology to drive business growth and efficiency I’m looking forward to contributing to the development of the stock exchange in Papua New Guinea”.
Komatsu Australia is looking forward to meeting the needs of Papua New Guinea customers following the acquisition of existing distributor company, UMW Niugini Limited. The business has been renamed Komatsu Niugini Limited (KNL).
Sean Taylor, Komatsu Australia Managing Director says the acquisition follows a change in the ownership structure of the joint venture parties that previously owned UMW Niugini Ltd.
“As a result of this change in structure, KNL has become a fully owned part of the Komatsu Group. Komatsu Australia is the obvious choice to manage Komatsu Niugini going forward, given our proven expertise and success in the Oceania region,” he says.
“The KNL team will be able to draw on the resources of the broader Komatsu Australia business, especially our technical expertise and training capabilities to support machine troubleshooting and workforce development. We hope this acquisition will also benefit our Australian customers who have connections in PNG as well.”
Komatsu products have been distributed in PNG since its incorporation in 1970, and the local team has established itself as a leading supplier of construction and mining equipment, as well as power generation solutions. The company holds significant market share in the PNG’s heavy equipment sector supporting a machine population in excess of 1200 Komatsu machines. KNL employs approximately 100 people and services major customers including Morobe Mining, Monier (PNG), Digicel (PNG), Construct Oceanic and IPWENZ Construction.
The acquisition was completed on 1st May 2025 with Dash Rayat leading the business as General Manager of Komatsu Niugini Limited (KNL) as part of the transition from UMW Niugini Ltd. The main office will continue to operate from its Port Moresby base.
“Our local PNG customers can expect the same level of support they have always had from their trusted local experts, now supported by the wider Australian business. We look forward to welcoming the KNL team and building on the strong foundations already in place in the region, while leveraging our global expertise to create value together,” Sean says.
Ok Tedi Mining Limited (OTML) is pleased to announce the appointment of Ms. Ruth Waram to the position of Manager Media & Public Relations, reporting to the General Manager People & Culture.
Ms Waram commenced work with Ok Tedi this week and is based at its Port Moresby Office. For the next three months, Ms Waram will initially focus on supporting the PNG Chamber of Resources and Energy Team to deliver on the Chamber’s PNG’s 50th Independence Anniversary Grand Exhibition.
She brings to OTML over three decades of experience in journalism, corporate communications, media relations, and stakeholder engagement and most recently serving as Manager Communications & External Affairs with Newmont Corporation at their Lihir Operations. Her extensive background includes key senior roles with Oil Search Limited, where she led communications during major national events such as the 2018 APEC Leaders’ Summit, the 2018 Earthquake Relief effort in Southern Highlands, and the Rugby League World Cup.
She began her career as a journalist with Times Newspaper and Post Courier, later progressing into leadership positions in the media and public relations field. Ruth’s strength in strategic communications, event management, and public image development has earned her national recognition, including multiple journalism awards and roles in high-level industry forums.
Ms Waram also brings her passion for community service, including voluntary leadership roles experiences with the Business and Professional Women’s Club of Port Moresby and the PNG Orchids Women’s Rugby League Team.
“We are pleased to have Ms Waram join Ok Tedi and we are looking forward to her contributions to this great company,’’ said Kevin Russell, General Manager People and Culture at OTML.
“I am excited at this opportunity to join Ok Tedi Mining Limited, a very successful Papua New Guinea company, that is thriving in the mining sector, and I look forward to working with the team,’’ Ms Waram said.
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