The reopening of the Apo Street Market along Somare Circuit, Waigani Road, has formalised a new operating framework for 75 informal vendors and positioned the marketplace as a model for small and informal businesses in Port Moresby, Papua New Guinea. National Capital District Governor Powes Parkop officiated at the reopening and recognised the Apo Mark...

The long-awaited Community Development Agreement (CDA) for the Simberi Mining Project has finally been signed, marking a significant milestone for the Simberi and wider Tabar Island communities after three decades of negotiations and delays. The agreement was signed on Aug. 28, 2026, at the New Ireland Provincial Government Assembly in Kavieng, bringin...

The revised Community Development Agreement (CDA) for the Hidden Valley Mining Project has been formally signed, paving the way for participating landowners and communities in Morobe Province to access benefits from the gold operation. Mining Minister Solen Loifa signed the revised CDA on behalf of the State yesterday in Lae. The signing was witnessed ...

Eleven Papua New Guinean small and medium-sized enterprises (SMEs) have each received about K22,000 in seed funding to develop innovative, climate-resilient business solutions, providing a boost to the country’s emerging green economy. The funding was awarded under the PNG Greenpreneurs initiative, supported by the Australian government through the PNG...

Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia has outlined a broad financial-sector reform agenda aimed at strengthening monetary and financial stability, expanding financial inclusion and creating a more competitive and modern financial system to support investment and sustainable economic growth. Speaking at the Business Advantage PNG ...

The return of the Malagan Festival to Kavieng after more than 30 years is creating a platform for local businesses, producers and communities to showcase products while strengthening New Ireland’s cultural tourism potential. The three-day provincial festival, held under the theme “Stronim Pasin Tumbuna! Strongim Pasin Niu Aila”, brings together communi...

Papua New Guinea’s agriculture sector is being positioned at the centre of trade, investment and business development discussions, with government agencies and industry organisations coming together for the PNG Agriculture and Trade Festival 2026 in Goroka. The festival, being held at the Goroka Showground from 28 to 30 August, is bringing together far...

Papua New Guinea has signed a revised Papua LNG Project Agreement aimed at strengthening the project’s commercial viability while protecting the State’s long-term fiscal interests, with a firm deadline now set for a Final Investment Decision (FID) by 15 December 2026. Petroleum Minister Jimmy Maladina said the revised agreement follows detailed negotia...

The Papua New Guinea Tourism Promotion Authority (PNGTPA) is moving to revive a dormant ferry in Port Moresby Harbour as part of efforts to expand marine tourism, develop new tourism products and unlock greater economic value from the capital's coastline. PNGTPA has partnered with Happy Soles Ltd. and Marine Contract Management to operate and manage th...

Papua New Guinea's petroleum sector has taken another step towards expanding local participation in the country's growing gas industry, with Petroleum Minister Jimmy Maladina approving the National Content Plan (NCP) for the Pasca A Gas Project. Maladina approved the plan following a technical review and compliance assessment by the National Petroleum ...

All Pacific Islands Forum (PIF) members are now connected to undersea telecommunications cables for the first time, marking a significant milestone for the region's digital infrastructure and opening new opportunities for trade, investment and economic participation. Australia announced on August 7 that it had helped deliver more than 10,300 kilometres...

Papua New Guinea’s agriculture sector is strengthening efforts to expand domestic and international market opportunities, with about 30 agriculture professionals taking part in an Australia Awards Short Course focused on agricultural trade, supply chains and export systems. Announced on Aug. 13 and supported by Australia Awards, the initiative aims to ...

Papua New Guinea and Australia are moving to translate their new defence alliance into practical programs that could have long-term implications for PNG's workforce, infrastructure, skills development and economic activity. The focus emerged from a high-level meeting in Port Moresby on Aug. 16 between Australia's Deputy Prime Minister and Minister for ...

Papua New Guinea's Mining Minister Solen Loifa has cleared the way for the revised Community Development Agreement (CDA) for the Hidden Valley Mining Project to be signed, saying concerns raised by Bulolo MP Sam Basil Jr. do not warrant any further delay. Loifa said the concerns had been assessed against applicable laws, government policies, administra...

The New Ireland Provincial Government has committed K1 million to a new partnership with the Fresh Produce Development Authority (FPDA), aiming to transform agriculture into a stronger economic driver while improving food security and increasing household incomes across the province. The investment is part of a three-year Memorandum of Understanding (M...

Papua New Guinea has reaffirmed its commitment to attracting responsible long-term investment in the mining sector, unveiling a package of regulatory, legislative and digital reforms aimed at strengthening investor confidence while ensuring resource development delivers lasting benefits to communities. Speaking at PNG CORE Resources Week 2026 at APEC H...