The Minister for International Trade and Investment, Hon. Richard Maru, yesterday, opened the Consultation Workshop organized by the Department of International Trade and Investment and the National Trade Office on the total review of the full impact of the new U.S tariff increases. Minister Maru told the participants from both Government and the priva...

The 2025 Fiji-PNG Business Mission marked a major milestone in bilateral trade and investment cooperation between Fiji and Papua New Guinea. Hosted by Investment Fiji in March 2025, the mission was led by Fiji’s Deputy Prime Minister and Minister for Trade, Manoa Kamikamica, and focused on deepening economic engagement with one of Fiji’s largest trading p...

To strengthen the long-standing commitment to education in Papua New Guinea (PNG), ExxonMobil PNG Limited, the operator of the PNG LNG Project, recently handed over seven newly built educational infrastructure projects valued at almost PGK 2 million to the communities of Lealea, Papa, Boera and Porebada, in Central Province. Lealea and Boera Primary sc...

ExxonMobil recently appointed Dinesh Sivasamboo as its new Chairman and Managing Director of ExxonMobil PNG Limited. This appointment will be Sivasamboo’s second leadership position with ExxonMobil PNG Limited, having previously served in PNG from 2016 to 2019 as its Vice President for Production. Sivasamboo has held numerous, global senior leadersh...

The Centre for Excellence in Financial Inclusion (CEFI) and the Western Pacific University (WPU) have signed a landmark Memorandum of Understanding (MoU) to jointly promote entrepreneurship, fintech, financial literacy, and microfinance education in Papua New Guinea (PNG). The MoU between CEFI and WPU signifies a collaborative effort to advance educati...

The new National Banking Corporation (NBC) is planning to publicly list its stocks for public purchase as early as next year 2026, with Prime Minister Hon. James Marape calling on Papua New Guineans to prepare themselves in anticipation of this event. Prime Minister Marape, while launching the new commercial bank on Thursday (10.04.25) evening, urged P...

On Thursday, April 10, 2025, Prime Minister Hon. James Marape officially launched Papua New Guinea's newest commercial bank, the National Banking Corporation (NBC), bringing the total number of commercial banks in the country to seven NBC is the transition from the former People’s Micro Finance Bank, and is a subsidiary of the National Development Bank...

In a decisive address at the National Agricultural Industry Public-Private Sector Partnership Conference recently, Prime Minister Hon. James Marape, MP, reaffirmed  the Government’s commitment to prioritizing agriculture as a cornerstone of national development. This pivotal gathering underscored the Government’s ongoing efforts to enhance agricultural...

The Asian Development Bank (ADB) has reaffirmed its strong commitment to Papua New Guinea’s development, praising the Marape-Rosso Government for its sound macroeconomic reforms and announcing a significant scaling up of investments in transport, energy, education, health, and agriculture. Speaking during the PNG and World Economic Update, a high-level...

Prime Minister Hon. James Marape has led a ground-breaking ceremony at Bereina Station to officially launch the major redevelopment of the Hiritano Highway, a key national infrastructure project that will link Port Moresby to Kerema and unlock the economic potential of Papua New Guinea’s southern corridor. The ceremony, organised by the Department of W...

The newly formed Monetary Policy Committee (MPC) of Papua New Guinea has kept the Kina Facility Rate (KFR) unchanged at 4.0%, while lowering the Cash Reserve Requirement (CRR) to 11%, in its inaugural meeting held on March 11. The decisions were announced in a media release issued by Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia, who chairs ...

The Chair of the Monetary Policy Committee and the Governor of the Bank of Papua New Guinea (BPNG), Elizabeth Genia, hosted a breakfast presentation on the 2025 Economic Outlook of PNG at the Royal Papua Yacht Club on April 9. Genia spoke on the March 2025 Economic Outlook, outlining sweeping changes in monetary policy, economic trends, and financial s...

Remington Technology has once again been recognised by Konica Minolta with the Sales Achievement Award for the Pacific Island region, after exceeding our annual sales target for the second year in a row. As Papua New Guinea’s only authorised Konica Minolta dealer, this back-to-back win highlights the strength of our partnership and the results our team...

After a rebound in economic growth in 2024 at 4.3% driven by both resource and non-resource sectors, Papua New Guinea’s (PNG) economy is forecast to grow by 4.2% in 2025 and moderate further to 3.8% in 2026 amid development challenges and rising geoeconomic risks, says the Asian Development Outlook (ADO) April 2025. Power blackouts, security challenges...

Prime Minister Hon. James Marape, while launching the inaugural PNG National Tourism Conference and Expo recently at the Hilton Hotel, highlighted that tourism, along with agriculture and fisheries, holds the greatest potential to significantly transform PNG’s economy and foster inclusive development across communities. Prime Minister Marape said given...

Economic growth in the Pacific is projected to moderate to 3.9% in 2025 and 3.6% in 2026, according to the Asian Development Outlook (ADO) April 2025, the Asian Development Bank's (ADB) flagship economic publication, released today. The outlook reflects anticipated easing in tourism, a key growth driver in many economies in the subregion, and muted petrol...