The Asian Development Bank (ADB) and Air Niugini Limited have signed a $35.8 million financing package to modernise Papua New Guinea’s national airline, boosting efficiency and safety standards. The initiative is expected to strengthen both domestic and international connectivity while supporting the country’s social and economic growth. The package in...

Pacific Lime and Cement Limited has formalised a Project Development Agreement (PDA) with the Papua New Guinea government for its Central Lime and Cement Project, a move officials described as a “sovereign milestone” after more than a decade of planning. The PDA, initialled by the State Negotiating Team representing the government, was publicly announc...

Frieda River Limited is pleased to announce that the Conservation and Environment Protection Authority (CEPA) has granted six environmental permits for the Frieda River Project, following a rigorous and comprehensive assessment process. The approvals represent a significant milestone for the Project and follow an extensive programme of environmental st...

The Independent State of Papua New Guinea (PNG), RD Tuna Canners Limited, and RD Corporation have reached agreement on the terms of the Project Development Agreement (PDA) for the cannery project within the new Madang Integrated Special Economic Zone (SEZ). The Letter of Agreement was signed on 9 December and witnessed by the Minister for International Tr...

The Ministry of International Trade and Investment will enter into a strategic partnership with the superannuation funds to raise capital for investment in Special Economic Zones and national transformational projects, including the planned acquisition of shares in Ramu Agri Industries. This was discussed in a meeting this morning between the Minister ...

The Minister for International Trade and Investment, Richard Maru, has welcomed the decision of Swedish company Epiroc to pursue a potential long-term investment in Papua New Guinea (PNG), with a particular focus on the mining sector, downstream processing, and developing and upskilling PNG’s engineering workforce. The Minister met with Epiroc’s Busine...

MiBank, PNG's largest microbank, is proud to announce a groundbreaking partnership with Digicel PNG Ltd, PNG’s leading telecommunications, ICT, and mobile financial service provider. The partnership between MiBank and Digicel Financial Services Limited (DFSL) marks the first-of-its-kind collaboration in PNG, enabling customers to transfer funds instant...

 PNGX Group and MUFG Pension & Market Services announced that they have reached agreement for PNGX Group to acquire PNG Registries from MUFG Corporate Markets, a division of MUFG Pension & Market Services. The transaction is subject to clearance by the ICCC. The proposed acquisition represents a significant milestone in the strategic developmen...

Prime Minister James Marape has outlined the Economic Transformation and Implementation Pillars of the PNG Reset@50 Roadmap, describing them as “the engine room of growth, jobs, and national productivity for the next 20 years.” The roadmap sets a vision for Papua New Guinea’s economic and social development through evidence-based governance, private se...

New Porgera Ltd. (NPL) has submitted its three-year Training and Employment Plan to the Papua New Guinea National Training Council (NTC) at the Department of Labour and Industrial Relations. The 2026–28 plan, presented to NTC Director Kinsella Geoffrey on 26 November 2025, outlines NPL’s initiatives to strengthen workforce development through targeted ...

Pacific Lime and Cement Limited has entered a strategic national partnership with PowerChina PNG Limited (PowerChina) to advance the Orokolo Bay Industrial (Magnetite) Sands Project (OBP) in Papua New Guinea’s Gulf Province. PowerChina has joined PLC’s wholly owned subsidiary, Mayur Iron PNG Limited, as the project’s development partner. The collaborat...

Prime Minister James Marape 29 November congratulated the Mineral Resources Development Company (MRDC) on its 50-year anniversary, describing the company as a “powerhouse” that “reflects the Papua New Guinean story of resilience and can-do attitude.” Speaking at a packed and well-decorated grand hall of the Hilton Hotel – one of MRDC’s investments in h...

 The Papua New Guinea Extractive Industries Transparency Initiative (PNG EITI) National Secretariat has signed a Memorandum of Understanding (MOU) with the Office of the Auditor-General (AGO) to strengthen collaboration among government reporting agencies and enhance the quality of data in EITI reports. The MOU was signed on 28 November 2025 in Port Mo...

Pacific Lime and Cement Limited has provided an update on construction progress at its Central Lime Project (CLP) in Papua New Guinea, reporting that activities remain on schedule and within budget. Construction continues to gain momentum across earthworks, wharf construction, access infrastructure, and early-stage processing facilities. Key highlig...

PacSuper has announced the launch of I-WE Supa, a voluntary retirement savings pathway championed and driven by PNG Indigenous Women Enterprises Connect (PNG IWEC) to support women across Papua New Guinea. The initiative was developed in direct response to the financial exclusion experienced by women in the informal economy, including market vendors, c...

There is significant potential for Papua New Guinea (PNG) and New Zealand (NZ) to deepen their trade and investment relationship, Minister for International Trade and Investment Richard Maru said, addressing a delegation from the New Zealand-PNG Business Council. “In terms of trade, PNG’s exports to NZ are valued at US$15 million, while NZ’s exports of...