BSP Financial Group Ltd. has launched a nationwide community investment program on Sept. 12 to celebrate Papua New Guinea’s 50th Independence anniversary, reaffirming its role as a partner in nation-building. The initiative, called “50for50 – Givim Bek,” was revealed during BSP’s annual PNG Flag Raising ceremony, observed across all its 80-plus branche...

Papua New Guinea’s leading waste management company, the TWM Group, has secured a major boost with a $10.2 million investment from the International Finance Corporation (IFC), paving the way for the Pacific’s first integrated waste management facility built to international standards. The investment, provided through a kina-denominated fixed-rate loan,...

Great Pacific Gold Corp. has reported strong assay results from its expanded Phase 1 diamond drill program at the company’s flagship Wild Dog Project on New Britain Island, Papua New Guinea. The latest results include surface samples of up to 127 grams per tonne (g/t) gold equivalent (AuEq) and drilling intercepts grading as high as 11.1 g/t AuEq. Key...

South Pacific Metals Corp. has reported exciting new assay results from its Ontenu NE prospect in Papua New Guinea, with rock chip samples returning high grades of gold, copper and silver. The discovery, announced on 17 September, comes from the company’s Osena Project, located in the highly prospective Kainantu District. This region is already home to...

The Bank of Papua New Guinea (BPNG) has reaffirmed its commitment to building an inclusive financial system, underscoring microfinance as a key driver of national development and economic empowerment. Deputy Governor of BPNG Jeffery Yabom delivered the message during his keynote address at the PNG Microfinance Diagnostic Validation Workshop on 3 Septem...

As Papua New Guinea (PNG) marks its 50th anniversary, the country’s petroleum sector has received a significant boost with the announcement that Sinopec will establish a subsidiary to undertake drilling and seismic work. The announcement was confirmed in Port Moresby on 24 September, when Minister for Petroleum Jimmy Maladina met with Xiao Yi, Deputy D...

Prime Minister James Marape has appealed to the United States and its business community to deepen trade and investment ties with the Pacific, saying the region must be seen as a partner of prosperity rather than a passive recipient of aid. Speaking at the US–Pacific Islands Business Forum on the sidelines of the United Nations General Assembly, Marape...

New Porgera Limited (NPL) has announced the launch of the NPL Youth Community Development Committee (Youth CDC), an advisory body tasked with proposing and evaluating youth-related community development projects for NPL funding. The inaugural Youth CDC comprises a male and a female youth representative aged 18 to 24 from each of the four Local Level Go...

The Farmers and Settlers Association (FSA) has urged the Marape-Rosso government to take bold action to reverse the decline in agricultural production and rural employment, stressing the need for fresh interventions to stimulate Papua New Guinea’s primary industries. In a statement issued to PNG Business News on 3 September, FSA President Wilson Thomps...

Coffee Minister William Bando officially opened the new state-of-the-art Homestate Coffee Factory at Tanam in Lae, Morobe Province, Papua New Guinea on 25 September 2025. The investment marks a milestone for Morobe’s coffee sector, creating opportunities for farmers who previously had to transport their produce to Goroka for processing. The opening of ...

Members of Comrade Trustee Services Ltd (CTSL) can now enjoy a faster and more convenient process when applying for superannuation withdrawals, following a new partnership with BSP Financial Group Ltd (BSP). The two organisations signed a Memorandum of Understanding (MoU) on 23 September, that allows, with members’ consent, bank statements to be shared...

A delegation of Korean investors has visited Papua New Guinea to explore opportunities in poultry, trade and education, a move the government hopes will spark long-term economic partnerships. Minister for International Trade and Investment Richard Maru said the visit was an important signal of growing interest from Asia’s fourth-largest economy. “Th...

The Conservational and Environmental Protection Authority (CEPA) has granted the Level 3 Environmental Permit for the upstream component of the Papua LNG Project to TotalEnergies EP PNG Limited (TEP PNG), marking a key step toward the project’s eventual Final Investment Decision (FID). The Level 3, or “L3,” permit is the principal regulatory approval u...

Theodist Limited, a leading Papua New Guinean business, has partnered with Kairuku MP and Minister for Energy Peter Isoaimo to provide essential school furniture to St Michael’s Bakoiudu Primary School in Kairuku District, Kuni LLG. The donation, comprising 15 desks and 15 chairs, was presented during the official opening of the school’s new 3-in-1 cla...

From Insurance to Real Estate – making new roads into the future Established in 1977 and now nearing five decades, Kwila has long been a trusted name in Papua New Guinea. The company began as an insurer, serving both corporate and individual clients, and its brand has remained strong across PNG’s diverse communities. Kwila entered the real estate se...

The Republic of Fiji has once again underscored the urgent need for renewed global commitment to climate action and stronger support for Small Island Developing States (SIDS). At a high-level side event held on the margins of the 80th United Nations General Assembly (UNGA80), Prime Minister Honourable Sitiveni Rabuka stressed that climate change contin...

 Prime Minister James Marape received a rousing and colourful welcome in his home electorate of Tari-Pori, Hela Province, as he returned from the nation’s historic 50th Independence Anniversary celebrations in Port Moresby on18 September. Thousands gathered in traditional attire, with singsing groups and community members filling Tari with the spirit o...

Prime Minister James Marape has announced that Papua New Guinea and Australia have agreed on the text of a Mutual Defence Treaty, elevating the two nations’ security partnership to the highest level in their shared history. The Treaty — to be known as the Pukpuk Treaty — will be formally signed after Cabinet processes in both Port Moresby and Canberra....

The Bank of Papua New Guinea (BPNG) and the country’s commercial banks have reached a historic milestone with the signing of a Master Repurchase Agreement (MRA), a development that will transform the operation of Papua New Guinea’s financial system. The MRA establishes a framework that allows commercial banks to borrow and lend to one another—as well a...

When Papua New Guinea celebrates 50 years of independence this September, one business stands out for having journeyed with the nation long before 1975: Remington Group. Established in 1948, Remington began as the country’s typewriter supplier, introducing modern office equipment to government, schools and businesses. Those machines helped lay the foun...

Everyone knows that to be truly independent, you need your own home. But for many, there is the question of whether to buy or build, while for others, housing affordability is a challenge. The answer to both is NiuHomes from PNG Forest Products. With over 30 models to choose from, NiuHomes are PNG’s first choice for quality, affordable kit homes, avail...

Papua New Guinea’s 50th Independence Anniversary, celebrated from 14 to 19 September, brought the nation to the world stage as global leaders, regional partners and international dignitaries joined in commemorating the Golden Jubilee. From Independence Hill to the streets of Port Moresby, the celebrations on 15 and 16 September showcased the unity of “...

Papua New Guinea Prime Minister James Marape, alongside Governor-General Bob Dadae and Chief Justice Gibbs Salika, officially opened the new National and Supreme Court Complex at Waigani on 10 September, describing the K653 million project as a national investment in democracy and institutional stability. Positioning the development as a cornerstone fo...

Papua New Guinea has concluded its Second Special Economic Zone (SEZ) Summit, hailed as the country’s largest international investment gathering to date, drawing over 450 delegates, including more than 100 foreign investors from Asia and the Middle East. The three-day summit, held from 1–3 September at APEC Haus in Port Moresby, has been described by orga...