The Mineral Resources Authority's (MRA) Managing Director, Jerry Garry, recently signed his new four-year contract of employment, at the Government House at Konedobu, Port Moresby. This is Mr Garry's second term as the MD for the MRA, having served in this capacity from 2019-2022. Between 2022 to early 2023, Mr Garry served as the Acting MD until his r...

The National Superannuation Fund (Nafsund) Limited signed a Memorandum of Understanding (MoU) with the Centre for Excellence in Financial Inclusion (CEFI) on June 21, 2024. This MoU is a three year partnership between Nasfund and CEFI that enables both organizations to work together in enhancing superannuation awareness with CEFI’s Financial Inclusion ...

Prime Minister Hon. James Marape recently launched the National Agriculture Sector Plan (NASP) 2024 – 2033. In so doing, PM Marape tasked the Agriculture Sector to utilize the Plan to con-tribute K30 billion to the economy by 2033 and also contribute to the 1 million job creation target by the same year. In a ceremony at Sir John Guise Indoor Comple...

Prime Minister Hon. James Marape has strongly urged the Treasury, Finance, and National Planning departments to strategically and effectively deliver on key government priority areas for Papua New Guinea’s economic development. He said politicians will come and go but public service will remain, so they must work to achieve results. Speaking today at a...

Prime Minister Hon.James Marape recently thanked the Asian Development Bank (ADB) for its continuous assistance to Papua New Guinea since 1971. He made this statement during a meeting with ADB Vice-President Scott Morris in Port Moresby. Mr. Morris is in PNG to discuss ADB’s assistance programme with various stakeholders, including high-level governmen...

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 ...