Pacific Lime and Cement Limited (ASX: PLA; PNGX: PLC) has announced a strategic partnership with the International Finance Corporation (IFC), a member of the World Bank Group, to provide advisory support for its Phase 2 Central Cement Project in Central Province, Papua New Guinea. The collaboration marks a major step for PLC and PNG, as the project aim...

Kumul Petroleum Holdings Limited responded to the announcement that the PNG LNG Project Joint Venture, in which KPHL holds a 19.4% interest, has accelerated the final repayment of the PNG LNG project finance facility, bringing it to a close earlier than expected. The project has delivered strong and sustained performance and benefits to Papua New Guinea s...

The Asian Development Bank has approved three projects worth a combined $275 million to expand access to finance, improve rural connectivity and boost low-carbon electricity supply in Papua New Guinea. The financing package includes support for financial sector reforms, clean energy development and road infrastructure aimed at strengthening economic ac...

Following an extensive executive search in Papua New Guinea and the broader Asia-Pacific region, Nambawan Super Limited announced that its Trustee Board of Directors has appointed Lachlan Baird as the company’s incoming chief executive officer, effective 1 January 2026. Baird will succeed Paul Sayer, who is stepping down after a successful eight-year t...

Prime Minister James Marape has called on investors to support Papua New Guinea’s transformation from a resource-dependent economy to a manufacturing and green-energy powerhouse, outlining a 20-year vision during a live Q&A session with Australian journalist Tracey Spicer at PNG Investment Week. Looking ahead to 2040 and 2050, Marape emphasised the...

Prime Minister James Marape and Queensland Premier David Crisafulli on 10 December signed the Papua New Guinea–Queensland Memorandum of Understanding (MoU) 2025–2030 at the Queensland Parliament, establishing a framework to deepen Government-to-Government, Business-to-Business, and People-to-People ties. The MoU provides a multi-tiered structure for co...

Prime Minister Hon. James Marape has commended Samarai-Murua District in Milne Bay Province for its first fish export under a joint venture with Thai company Pornupphan 2018 Co. Limited, marking a milestone in the district’s economic development and fisheries sector. The partnership involves the district’s fishing business, Kekeisi Limited, and the Tha...

K92 Mining Inc. welcomed Dr Joseph Espi, Associate Professor and Divisional Leader of Earth Sciences at the University of Papua New Guinea (UPNG), for a lecturer immersion visit at its Kainantu operations, strengthening the company’s ongoing collaboration with local universities. The visit forms part of K92’s School-to-Mine strategy and Memoranda of Un...

The Autonomous Bougainville Government (ABG) has formally signed a project charter with the Government of Australia, through its Transport Sector Support Program (TSSP3), and the National Department of Works and Highways (DOWH) to commence major upgrades on the Bougainville Trunk Road. The project covers the upgrade and sealing of the trunk road from I...

The National Airports Corporation (NAC) will temporarily open Tokua Airport in East New Britain Province to Airbus A220 aircraft operations and facilitate night flights at selected airports to ease congestion and support passenger movement during the peak festive travel period. The measures are part of NAC’s strategy to boost air travel capacity during...

PNGX Group Limited (PNGX Group), the holding company of PNGX Markets Limited (PNGX), has welcomed Pacific Lime and Cement Limited (PLC) as a listed company on the Papua New Guinea stock exchange. Trading in PLC commenced at 10:00 a.m. on 15 December 2025, under the trading code PLC. PLC, incorporated in Singapore, is listing on PNGX as an exempt iss...

When Tisa Bank brought in Saamrat Dutta to lead its strategic objectives, it wasn’t just making a hire - it was placing a strategic bet on a leader known for steering transformation even in the most complex environments. Saamrat carries with him over 25 years of international banking and fintech experience, but what truly sets him apart is his instinct...

The Asian Development Bank (ADB) and Air Niugini Limited have signed a $35.8 million financing package to modernise Papua New Guinea’s national airline, boosting efficiency and safety standards. The initiative is expected to strengthen both domestic and international connectivity while supporting the country’s social and economic growth. The package in...

Pacific Lime and Cement Limited has formalised a Project Development Agreement (PDA) with the Papua New Guinea government for its Central Lime and Cement Project, a move officials described as a “sovereign milestone” after more than a decade of planning. The PDA, initialled by the State Negotiating Team representing the government, was publicly announc...

Frieda River Limited is pleased to announce that the Conservation and Environment Protection Authority (CEPA) has granted six environmental permits for the Frieda River Project, following a rigorous and comprehensive assessment process. The approvals represent a significant milestone for the Project and follow an extensive programme of environmental st...

The Independent State of Papua New Guinea (PNG), RD Tuna Canners Limited, and RD Corporation have reached agreement on the terms of the Project Development Agreement (PDA) for the cannery project within the new Madang Integrated Special Economic Zone (SEZ). The Letter of Agreement was signed on 9 December and witnessed by the Minister for International Tr...