Papua New Guinea's recently launched Medium Term Development Plan IV (MTDP 4) has been described as ambitious by the World Bank, stating that a developing economy like PNG needs a clear plan to address issues and grow the economy. MTDP 4 stands as the roadmap for the Marape-Rosso Government in pursuit of its ambitious development agenda to incorporate ...

In starting a new era that has been proposed to see inclusive growth, the Papua New Guinea Government is planning to increase its economic incentives, according to its newly-released Medium Term Development Plan IV 2023–2027. The plan envisions a “strategic shift” in budget allocations based on 12 specific priority areas of the government that is poise...

The Special Parliamentary Committee on Public Service Reform and Service Delivery has recommended the immediate update of the government payroll system to counter abuse and misuse of funds. Governor for Northern Province Garry Juffa said the last update of the government's payroll system was back in 2002, and without continuous updating the system has ...

Papua New Guinea continues to work towards achieving the development sustainable goals of being self-reliant in meat production by 2025. As part of this vision, officials from the Livestock Development Corporation and the minister responsible for livestock, Segie Agiso, recently travelled to North Queensland in Australia to visit Sugarbag Cattle company, ...

For the seventh consecutive year, the PNG Industrial & Mining Resources Exhibition pulled out all the stops to deliver a successful event on the 21st to 22nd June 2023 and set a new benchmark with its number of participants. Throughout the years, the event has continued to serve as an essential and valuable meeting place for industry stakeholders ...

Photo: Bank of China Chairman Mr. Ge Haijiao, Chinese Ambassador to PNG H.E. Zeng Fanhua, PM Marape and Bank of China PNG Representative Audrey Zheng. China-Papua New Guinea relations have reached new heights with the opening of a representative office of China's most globalised and integrated bank in PNG on Thursday 1st June, 2023, at the Stanley Hote...

The Pacific Islands Telecommunications Association 27th Annual General Meeting (PITA AGM), Business Forum and Expo, which was hosted on the 29th of May to the 2nd of June 2023, marked a significant milestone in Papua New Guinea’s journey towards digital transformation. It was the first to be hosted in Papua New Guinea by the country's longest serving t...

Papua New Guinea has one of the lowest electrification rates in the Pacific, with only 13% of the population having access to electricity. In PNG, grid-connected power is still primarily restricted to the main urban areas. One party driving investment in this area is the United States Agency for International Development's Papua New Guinea Electrificat...

Fishing Industry Association of PNG's Tuna Purse Seine Fishery rated the largest global tuna source of MSC-certified tuna The Fishing Industry Association of Papua New Guinea (FIA PNG) has once more gone beyond its expected boundaries to achieve another milestone for the fishing industry relating to the association’s purse seine fishing method. Purs...

Recently, the European Union Delegation in Papua New Guinea was delighted to have Prime Minister James Marape deliver a speech during the Europe Day reception on the 9th of May 2023 at the Lamana Hotel in Port Moresby. Ambassador Jacques Fradin, the Head of the EU Delegation to Papua New Guinea, stated in his speech: "Papua New Guinea continues to be a...

Photo: Prime Minister Hon. James Marape, speaking during the recent PNG Special Economic Zone (SEZ) Summit 2023. Photo credits: International Trade and Investment Ministry of PNG Ways to increase competitiveness through global best practices and drive economic growth were the main high in Papua New Guinea's Special Economic Zones (SEZs) Summit as well ...

Geopolitics in the Indo-Pacific region Looking at the Indo-Pacific region, observers came to realise that creating ties to it was quite a significant bilateral topic for developed democracies before Russia invaded Ukraine. Suddenly, these global economies shifted preferences and drew all their attention back to Europe. Within this period when concen...

Photo from left to right: Luke Liria (KPHL), Richard Kassman (TotalEnergies), Wapu Sonk (KPHL), Jean Marc Noiray (TotalEnergies), Marie-Alix Dognin (Total Energies), Evan Shellshear (UBIDY). Credit: Kumul Petroleum Holdings Limited To increase job opportunities for Papua New Guineans, the country's national petroleum frontrunner Kumul Petroleum Holding...

Photo credit: AG Energy Limited Project to Provide Resilience to Port Moresby's Energy Grid Power is considered as the major backbone for all nations throughout the world including PNG on the basis of which the development of the country depends. Within this context, Energy has become an essential element in man's efforts to meet basic human needs, ...

Photo: Aerial view of the Porgera gold mine. Credit: Zijin Mining In recent years Papua New Guinea has been ranked as one of the most natural resource-dependent economies in the world and has been seen as an example of the cruel ironies that often go simultaneously with big extractive industries which are supposed to lead to the development and lead pe...

Photo: Mr. Sylvester Pokajam, President & Chairman of Fishing Industry Association (PNG) Inc. In response to a recent media publication regarding the scaling down of operations of one of the country's major fish processing operators, the Fishing Industry Association (PNG) Inc. has clarified and maintained that the country's tuna stock is still in a...