The internal revenue sup-porting Bougainville’s recurrent and development budgets is only at 7 percent and must be raised to over 50 percent to adequately support the Special Re-gion’s autonomous restructure aspirations. Prime Minister Hon. James Marape revealed this recently (11.12.24) in Sydney dur-ing the PNG Investment Week as he asked for greater ...

The Government of Papua New Guinea, has initialed a landmark Gas Agreement with Twinza Oil Ltd, the operator of the Pasca offshore gas project. This transformative agreement paves the way for the development of Papua New Guinea’s first offshore petroleum project, located off the coast of Gulf Province. It will be submitted to the National Executive Counci...

In an era where cyber threats are evolving at an unprecedented pace, one company has stood out in its unwavering commitment to securing businesses across Papua New Guinea and the Pacific Islands. For over ten years, Sprint Networks has been at the forefront of designing and implementing secure data networks, earning the trust of prominent financial ins...

Mayur Resources Limited (Mayur) is pleased to announce the signing of a Binding Term Sheet Agreement with Pacific Unison Holdings Limited (PacUn) to complete the first development phase of the Orokolo Bay Industrial Sands Project (OBP) in Papua New Guinea. Under the binding agreement, PacUn has committed to fully fund the construction and commissioning...

The Autonomous Bougainville Government has welcomed the successful completion and delivery of the final Phase 1 Assessment Report of the Panguna Mine Legacy Impact Assessment (PMLIA) as a step forward in addressing longstanding environmental and social issues stemming from the Panguna Mine. The report, conducted by independent scientific experts at Tet...

In high-stakes environments such as mining and shipping, where workers often operate in challenging conditions, the importance of oral health is frequently overlooked. However, maintaining healthy teeth and gums is not just about having a bright smile; it plays a crucial role in overall employee health, productivity, and cost-effectiveness. Investin...

Tropicair is making significant advancements in its operations with the return of its VIP/Medivac CJ3 jet, fully refurbished and ready for service in late November. This aircraft stands out as the only jet within the Pacific region equipped for medical evacuations, emphasizing its vital role in emergency medical services. Based in Port Moresby, the ...

Great Pacific Gold Corp. is providing a corporate update on its Wild Dog Project, its ongoing diamond drilling program at the Kesar Project and its recently held Annual General Meeting. Highlights GPAC executive team recently visited Kesar and Wild Dog  Kesar Anteruno diamond drilling program progressing well:  ~1,000 meters of drilling c...

Bank of Papua New Guinea (BPNG), on behalf of the Green Finance Centre (GFC), has signed a significant memorandum of understanding (MoU) with the International Finance Corporation (IFC) and the Securities Commission of Papua New Guinea (SCPNG) for establishing the foundations of a thematic bond market in PNG and developing the next version of BPNG’s Inclu...

The Mineral Resources Authority (MRA) on behalf of the National Government on Friday Nov 29, 2024, announced a K500,000 credit (loan) support facility, for the women landowner associations of the Wafi Golpu Mining Project. A dummy cheque for this seed capital funding was presented to Mibank, by the Managing Director of the MRA Jerry Garry in Lae. MiBan...

The Papua New Guinea Immigration and Citizenship Services Authority (ICSA) today signed a milestone Memorandum of Understanding (MOU) with the PNG Tourism Promotion Authority (TPA) on mutual co-operation and data sharing that will enable promotion of the tourism sector and immigration services. The signing formally establishes a genuine partnership bet...

The Bank of Papua New Guinea (BPNG) and the Centre for Excellence in Financial Inclusion (CEFI) successfully hosted its inaugural Financial Inclusion Policy Forum and Excellence Awards on Friday November 22 at the APEC Haus in Port Moresby. Speakers at the forum included Governor of the Bank of Papua New Guinea (BPNG) Ms. Elizabeth Genia, BPNG Assistan...

November is Men's Health Awareness Month, and Santos was again proud to join the global community in commemorating the ‘Movember’ campaign and raising awareness of men's health issues. Dr. Suresh Raghunath, an oncology super-specialist and head of the Pacific International Hospital Oncology Unit, who has extensive experience in diagnosing and treating ...

Rocket and Satellite company SpaceX will be speaking and exhibiting its Starlink satellite subsidiary at the 2024 the at the 2024 PNG Investment Week. PNG’s leading investment event, PNG Investment Week will take place from December 6th to 11th in Sydney Australia, the PNG Investment Week program includes sessions on a range of topics covering the reso...

Ok Tedi Mining Limited (OTML) launched the first and largest front wheel loader, a Cat® 995 Large Wheel Loader (LWL), in Papua New Guinea and the second in the Pacific recently in Tabubil The Cat 995 LWL was purchased earlier this year from Hastings Deering, the Caterpillar equipment dealer, to increase production capacity and meet the growing demands ...

For investors looking to do business in Papua New Guinea, a key understanding of the various regulations are crucial in informing their business decisions. With this in mind, PNG’s flagship investment promotion event, the 2024 PNG Investment Week has opted to commence its proceedings with a Regulators Forum. To take place on Day 1 of PNG Investment ...