As the year comes to an end, Papua New Guinea's Minister for Mining, Hon. Wake Goi, has expressed disappointment over unmet priorities in the mining sector for 2024. Despite these challenges, the Minister assured stakeholders that his ministry is committed to achieving its goals by 2025. In an exclusive interview with PNG Business News, Minister Goi...

The governments of Australia and Papua New Guinea announced on December 12 a team-up with the Australian Rugby League Commission (ARLC) to strengthen ties through rugby league, a sport passionately embraced by both nations.  Stressing its role as the primary security and development partner to Papua New Guinea, Australia pledged to support the establis...

Papua New Guinea remains one of the world's premier destinations for mining investment, said the Minister for Mining, Hon. Wake Goi, during the recent PNG Investment Week in Sydney, Australia.  Minister Goi stressed PNG's vast mining potential and highlighted the country's mining sector growth, future prospects, and investment opportunities to more tha...

Prime Minister Hon. James Marape emphasised his government’s strategic focus on building a resilient, inclusive economy as Papua New Guinea approaches its 50th year of independence, as the highly anticipated PNG Investment Week Conference 2024 drew to a close at the Sydney International Convention Centre (ICC Sydney) on Dec. 11. The event, organized by...

The Port Moresby Chamber of Commerce & Industry (POMCCI), in collaboration with Deloitte, hosted the Papua New Guinea 2025 Budget Breakfast, provided key insights into the budget and highlighted its implications for businesses and opportunities for the private sector. The breakfast meeting was held on November 4, at the Hilton Hotel in Port Moresby. ...

Santos has announced the successful completion of the Angore project in Hela Province, Papua New Guinea, further bolstering the country’s liquefied natural gas (LNG) production capacity. This milestone development, unveiled on November 19, marks a significant step forward for the PNG LNG venture, delivering up to 350 million standard cubic feet (mmscf)...

Plastic pollution has become a critical global challenge, driven by increasing production and inadequate waste management. Recognizing its urgency, 175 nations adopted the resolution “End Plastic Pollution: Towards an International Legally Binding Instrument” during the United Nations Environment Assembly (UNEA-5.2) in March 2022. This resolution in...

The 2025 National Budget of Papua New Guinea, amounting to K28.357 billion, was presented in Parliament on November 29 by Treasury Minister Ian Ling-Stuckey. The budget focuses on addressing law and order challenges, easing living pressures, reducing the deficit, and fostering economic growth. The budget, K980 million larger than its 2024 counterpart, ...

Papua New Guinea's Minister for Mining, Hon. Wake Goi, officially opened the Central Cement & Limestone Project (CCLP) Consultative Forum on November 27th at the Hilton Hotel, Port Moresby. The forum, in compliance with Section 3 of the Mining Act 1992, focused on advancing the project's Community Development Agreement (CDA).  The event gathered...

Papua New Guinea's Minister for Mining, Hon. Wake Goi, has reaffirmed his commitment to transparency and efficiency in the country’s mining sector. During a media conference on November 26 at the Mining Haus in Port Moresby, Minister Goi announced the signing of 48 tenement licenses, covering various operations such as alluvial mining, exploration, and...

"How do we align ourselves to meet the Sustainable Development Goals (SDGs) for achieving health for all by 2030, including universal health coverage?" Papua New Guinea’s Minister for Health, Elias Kapavore, asked this during the 24th National Health Conference, as he outlined the progress and challenges in the nation’s health sector.  “We need to s...

The Goilala District Development Authority (DDA) presented a cheque of K600,000 to a Labor Mobility Agency, Soozoogoo Ltd., under the Labor Mobility Scheme aimed at creating employment opportunities for Papua New Guineans in Australia and New Zealand. The program also seeks to empower the district’s youth and improve socio-economic conditions for famil...

Atlas Steel PNG has broadened its services to meet the needs of the mining sector, eliminating the need for local mines to rely on overseas suppliers for mining support products. The company, which has been Papua New Guinea’s premier steel manufacturer and distributor for 48 years, is now diversifying its offerings beyond its traditional focus on the i...

As the garment and textile sector in Papua New Guinea (PNG) sees increased local innovation and production, the Women Enterprise Development Centre (WEDC) opened its new office in Port Moresby on November 15 to spur more entrepreneurship in the country. Minister for Commerce and Industry, Hon. Win Bakri Daki, expressed optimism about the future of the ...

The Small and Medium Enterprises Corporation (SMEC) recently signed a Memorandum of Understanding (MOU) with the Kerowagi District Development Authority (KDDA) to deliver entrepreneurship training and business development services in Kerowagi District in the Simbu Province Highlands of Papua New Guinea. The partnership aims to empower local entrepreneu...

Papua New Guinea (PNG) is set for economic recovery in 2024, with projected growth of 3.7%, up from 2.8% in 2023, according to the November 2024 WESTPAC WAILIS PNG Economic Update. This rebound is largely attributed to the resource sector, which continues to underpin the nation’s economy. However, inflationary pressures, a managed depreciation of the k...