Whilst there is potential for growth and opportunities within Papua New Guinea’s mineral petroleum and energy sectors, security challenges remain a cause for concern, particularly in certain regions of the country. This is according to the Papua New Guinea Chamber of Resources & Energy (PNG CORE), when presenting at the recent Business Council of P...

Prime Minister James Marape has announced a bold tax reform strategy aimed at fostering investment, increasing consumer spending, and driving local industry growth. The reforms will take effect once Papua New Guinea’s economy reaches a K150 billion milestone, a target expected to be achieved within the next three to four years. He announced this at the Ba...

Prime Minister Hon. James Marape recently addressed the annual Back to Business Breakfast, reaffirming his government’s commitment to economic growth, business sector stability, and national security as Papua New Guinea approaches its 50th anniversary of independence. In his fifth consecutive appearance at the prestigious event, organised by the PNG Bu...

Prime Minister James Marape on Tuesday, February 4, 2025, held a high-level meeting with senior officials from the World Bank, including Country Director for Papua New Guinea and the Pacific Islands Stephen Ndegwa, PNG Country Manager Khwima Nthara, and Lead Economist for Education in East Asia and the Pacific Lars Sondergaard. Also in attendance were Tre...

Ok Tedi Mining Limited (OTML) hosted six geoscience students from the University of Papua New Guinea’s School of Earth Sciences, who undertook an intensive eight-week Industrial Training Program with the company’s Operations (Mining) Business Unit. The trainees were immersed in hands-on learning with different departments and sections such as Explorati...

The Papua New Guinea Tourism Promotion Authority (TPA) and the Australian Government-funded Kokoda Initiative Partnership (KIP) have signed an MOA to boost tourism infrastructure and services along the Kokoda Track. The MOA, signed at Owens Corner on Tuesday 4 February, launches the “Kokoda Sanitation Project”. The Kokoda Sanitation Project is part of ...

The Rotary Club of Lae Huon Gulf has once again demonstrated the power of partnerships in driving community impact, with the success of the 2024 Rotary Gala significantly boosted by contributions from corporate supporters like Westpac. At the heart of this success was the auction of a signed Queensland Maroons jersey, generously donated by Westpac. The...

Steamships Hospitality and Coral Sea Hotels are proud to acknowledge the Grand Papua Hotel and Gateway Hotel and Apartments who both have achieved the SafeHotels Certification, the world’s leading safety and security certification. SafeHotels is the first independent, global Hotel Safety and Security Certification providing certification standards base...

Prime Minister James Marape provided an update following his productive meeting with ExxonMobil CEO Darren Woods during the World Economic Forum in Davos, highlighting key discussions on the PNG LNG, Papua LNG, and P’nyang LNG projects. During the meeting, Mr. Woods reiterated ExxonMobil’s strong commitment to progressing these critical energy projects...

Prime Minister James Marape recently held a productive meeting with Tom Palmer, President and CEO of Newmont Corporation, and Peter Toth, Newmont’s Executive Vice President for Strategic Development. Discussions centred on advancing the Wafi-Golpu Project, ensuring efficiency in Newmont’s operations in Papua New Guinea, and addressing the company’s global...

Prime Minister James Marape concluded a series of high- level meetings at the World Economic Forum with a productive discussion with Patrick Pouyanné, CEO of TotalEnergies, focusing on the Papua LNG project and its future progress. Prime Minister Marape confirmed substantial progress on the re-engineering and re-scoping of Papua LNG, which is now movin...

Prime Minister Hon. James Marape on Tuesday, January 28, 2025, welcomed a high-level delegation from TotalEnergies to discuss the progress of key LNG projects in Papua New Guinea, including the flagship Papua LNG project and new exploration opportunities at Mailu in Central Province. The delegation included Mr Mehmet Celepoglu – Vice President Oceania and...

Prime Minister Hon. James Marape on Tuesday, January 28, 2025, met with U.S. Ambassador to Papua New Guinea, Her Excellency Ann Marie Yastishock, in a comprehensive discussion that reinforced the growing partnership between Papua New Guinea and the United States. The meeting highlighted critical areas of cooperation, including security, environmental poli...

Prime Minister Hon. James Marape on Tuesday, January 28, 2025, welcomed the newly appointed French Ambassador to Papua New Guinea, His Excellency Pierre Fournier, in a meeting that highlighted the deepening partnership between PNG and France. The discussion covered shared interests including environmental conservation, military cooperation, trade, investm...

Westpac continues to deliver on its commitment to empower communities with essential financial knowledge by kicking off its 2025 series of Financial Basics for My Business online webinars. The first session included business owners and representatives from various organizations both in Port Moresby and outside centres, who all successfully completed the p...

A Memorandum of Understanding (MoU) for the transferring of powers and functions from the Investment Promotions Authority (IPA) was signed between the Autonomous Bougainville Government (ABG) and IPA recently at the Harvest Centre at Buka. The Investment and Promotions Authority (IPA) Managing Director Mr. Clarence M. Hoot officially announced the sign...