Efforts by stakeholders of the Panguna Mine will once again be in the spotlight, at the inaugural PNG Resources Week. This will see landowner representatives, the Autonomous Bougainville Government, and other agencies come together to highlight progress made over the last 12 months, for this key economic project for the country’s Autonomous Region. ...

Papua New Guinea’s Kina Bank has announced a significant $7 million investment in WLTH, a rapidly growing Queensland-based fintech and neobank startup. This investment aligns with the goals outlined in the Queensland Pacific Trade and Investment Strategy, which was launched in November 2022 to bolster trade and investment opportunities in the region. A...

Australia has approved a significant loan of A$600 million (K1.54 billion) to Papua New Guinea to address the country’s 2023 budget shortfall and support essential economic reforms. This financial assistance follows a previous A$750 million loan provided in 2022, reflecting Australia’s continued commitment to aiding Papua New Guinea’s fiscal stability and...

Papua New Guinea is witnessing a significant transformation in its agribusiness sector, driven by soaring global demand for its agricultural products and strategic initiatives to boost local production. Recent developments highlight the enormous potential for agribusiness investment in Papua New Guinea, particularly in cocoa and corn industries. Papua ...

The picturesque Gold Coast in Queensland played host to a significant convergence of business minds and political leaders from May 13 to 15, 2024, at the 39th Australia Papua New Guinea Business Forum and Trade Expo. Organised by the Australia Papua New Guinea Business Council alongside the Business Council of Papua New Guinea, the forum, themed “Climate ...

The one-day PNG Resources Summit will take place on the final day of the inaugural PNG Resources Week 2024 will give the PNG business sector an annual update on the status of all resource operations in the country and PNG business houses are encouraged to register to ensure that they stay up to date with the latest on the PNG operations that drive the eco...

ExxonMobil’s second annual Power Play Awards Papua New Guinea was launched at a networking lunch held at the Hilton Hotel on Monday 6 May to identify Papua New Guinean trailblazers and shine a light on their accomplishments across the LNG and decarbonisation industries. Power Play is a global program developed by ExxonMobil women to bring together othe...

Pacific Towing (PacTow) has appointed Frances Tuimabualau as its agent in Fiji.  As Melanesia’s largest and most diverse marine services provider, with a 250+ workforce and 20-vessel fleet, PacTow is perfectly positioned to undertake additional projects in Fiji.  Frances Tuimabualau comes from a long line of seafaring professionals.  Her father, the la...

On Tuesday 11th June, EastWest Transport (EastWest) proudly completed a successful partnership with the Rotary Club and Soroptimist International to donate 50 brand new student desk and chair sets to Baruni Primary School. An official handover ceremony was held at the school where representatives from EastWest, alongside partners from the Rotary Club a...

Prime Minister Hon. James Marape and Government MPs marked the 2024 World Environment Day by planting trees along Independence Boulevard in Port Moresby recently before heading to Parliament. The event was organised by the National Capital District Commission and Governor Hon. Powes Parkop. In his address, Prime Minister Marape urged all Papua New Guin...

Santos was glad to have celebrated World Environment Day in the communities in accordance with this year’s World Environment Day theme: ‘Land Restoration, Desertification, and Drought Resilience’. In Port Moresby, staff joined forces for an early morning cleanathon at the popular Ela Beach to collect debris along the beach front. Representatives of ...

SGS has emerged as a pivotal service provider in Papua New Guinea's upstream industry, providing cutting-edge on-site well services to a major operator in 2023.  Their use of state-of-the-art high-pressure sand filtration equipment ensured a safe and efficient natural gas extraction. SGS utilised a comprehensive high-pressure sand filtration equipme...

Remington Technology (RT), Papua New Guinea's leading print and document solutions provider, has been awarded the prestigious 'Dealer of the Year' accolade at Konica Minolta Australia’s Kick-off conference held in Sydney last month. As the only authorised Konica Minolta dealer in Papua New Guinea, this award recognises RT’s outstanding sales and service e...

Consort Express Lines (Consort), a leading coastal shipping company based in Lae, is proud to announce its sponsorship of the Royals Rugby Union Club (15’s), who are participating in the Morobe Rugby Union 2024 season. This K20,000 sponsorship demonstrates Consort's commitment to supporting the local community by fostering a healthy and active lifestyl...

The Mineral Resources Development Company Limited (MRDC) and Twinza recently announced they have executed agreements for MRDC to acquire an up to 50% Participating Interest in Twinza’s Pasca A Project, and for both parties to cooperate in the acquisition and development of future oil and gas opportunities in Papua New Guinea. In a statement, MRDC, Twin...

Prime Minister Hon. James Marape has announced that the forestry sector has enacted two new laws to ensure the country gets maximum value from its forestry resources. The laws, relating to the State Marketing Agency (SMA) and Purchase Option (PO), are among a number of initiatives that the PNG National Forestry Authority has undertaken during the last ...