The Bank of Papua New Guinea (BPNG) has raised its benchmark interest rate to 5.0 percent while easing banking reserve requirements, in a move designed to strengthen the kina, manage inflation, and keep credit flowing across the economy. At its September meeting, the Monetary Policy Committee (MPC) lifted the Kina Facility Rate (KFR) from 4.0 percent t...

Great Pacific Gold Corp. (GPAC) has announced a breakthrough at its Wild Dog Project in Papua New Guinea (PNG), reporting what it describes as one of the country’s best gold exploration results in recent years. The highlight came from hole WDG-08, which intercepted 8.4 metres at 49.9 grams per tonne gold equivalent, including 3.8 metres at an exception...

Nambawan Super Ltd. (NSL) has expanded its Member Discount Partnership programme with the addition of two new partners, Hongland Hardware & Homecentre and Hilton Port Moresby Hotel & Residences. The fund also renewed its partnerships with Sanctuary Hotel Resort and Spa and BNBM Mt Hagen. NSL Chief Executive Officer Paul Sayer thanked the busine...

Ok Tedi Mining Ltd. (Ok Tedi) has reaffirmed its commitment to supporting Papua New Guinea’s future workforce, announcing it will remain the platinum sponsor of the University of Technology (Unitech) Career Fair for the next two years. The announcement was made on 31 August, during the closing dinner of this year’s fair, where Ok Tedi also served as pl...

Prime Minister James Marape has assured the people of Kotidanga, one of the country’s most isolated regions bordering Gulf and Morobe provinces, that his government is committed to bringing roads, schools and essential services to their doorstep. Speaking to a large gathering at the rugged frontier during the opening of the Trans National Corridor Miss...

Prime Minister James Marape has reaffirmed his government’s commitment to national unity, regional empowerment and inclusive development at the signing of the Port Moresby Papua Accord, a milestone agreement that followed the Papua Governors’ Dialogue. The accord brought together key national and regional leaders from the Southern, or Papuan, region, u...

Prime Minister James Marape has welcomed the growth of Papua New Guinea’s overseas STEM (science, technology, engineering and mathematics) scholarship programme, calling it a transformative investment in the nation’s future workforce and leadership. He said the initiative reflected his government’s vision of equipping young Papua New Guineans with worl...

Nambawan Super Ltd (NSL) has announced the relocation of its Madang branch to the ground floor of the Fenske Aben Building along Modilon Road. The branch is now open for business, offering members and employers more space, modern facilities and a comfortable environment. NSL Chief Executive Officer Paul Sayer said the move formed part of the company...

A delegation from Papua New Guinea’s Global Green Growth Institute (GGGI), Department of Works and Highways (DoWH) and Climate Change and Development Authority (CCDA) visited Aotearoa New Zealand from Saturday 23 to Saturday 30 August 2025 to learn more about climate-resilient infrastructure. The learning exchange programme comes as Papua New Guinea (P...

Great Pacific Gold Corp. has expanded its drilling programme in Papua New Guinea, doubling its efforts at the Wild Dog Project in East New Britain from 2,500 metres to 5,000 metres, and is introducing advanced LiDAR technology to map the remote, jungle-covered terrain. The Phase 1 campaign, which began in May this year, is focused on a 1.5-kilometre st...

For the first time since the Tolukuma Gold Mine was commissioned in 1995, vehicles have successfully reached the remote site by road, marking a breakthrough moment for both the mine’s future and surrounding communities. Tolu Minerals Ltd. announced that its new access road, connecting the mine to Port Moresby, has officially opened to traffic. The deve...

The Special Economic Zone Authority (SEZA) has granted Kumul Petroleum Holdings Ltd (KPHL) a 12-month provisional developer licence to progress the Central Province Industrial Park in the Caution Bay area. SEZA Chairman Dr Lawrence Sause confirmed the board’s decision in a small ceremony on Wednesday, where he formally presented the licence to KPHL man...

Students attending the Morehead Vocational Centre in the South Fly District of Western Province can now undergo hands-on training with Ok Tedi Mining Ltd. This follows the signing of a memorandum of agreement between Ok Tedi and the Morehead Vocational Centre on 14 August 2025, marking a significant milestone aimed at providing on-the-job training for ...

Air Niugini has unveiled a special commemorative livery on its first Airbus A220, marking a significant milestone in both the airline’s history and Papua New Guinea’s 50th independence anniversary. The brand-new aircraft, affectionately dubbed the People’s Balus, features a vibrant design incorporating Papua New Guinea’s national flag and the official ...

Kumul Petroleum Holdings Limited (KPHL) has marked a significant milestone in its efforts to nurture Papua New Guinean talent, celebrating nine graduates who successfully completed the company’s two-year Graduate Development Programme. At a ceremony in Port Moresby, KPHL Managing Director Wapu Sonk presented certificates of appreciation to the young pr...

For more than a century, the Steamships Group of businesses has underpinned Papua New Guinea’s maritime and logistics sector. Today, its Logistics Division is one of the country’s most complete logistics services providers – spanning sea, land and portside solutions – geared to support the oil, gas and resources sectors. Nick Fisher, CEO of Steamships ...