The Goilala District Development Authority (DDA) has prioritized heavy investment in agriculture, particularly in coffee farming, in close collaboration with the Goilala Development Corporation Limited (GDCL) becoming the first 100% local business to purchase coffee directly from local farmers. Goilala, in the Central Province of Papua New Guinea, is k...

The Porgera Landowners Association (PLOA) called for immediate government intervention amid escalating violence in Enga Province, which threatens the safety of local communities, the operations of the Porgera Mine, and Papua New Guinea's economic stability. A PLOA situation report states the conflict began on August 22, 2024, when violent clashes broke...

The National Cancer Services Papua New Guinea has officially resumed Brachytherapy treatment ON January 16, offering renewed hope for cancer patients across the country. This milestone marks the return of the second phase of radiotherapy treatment—Brachytherapy, also known as internal beam radiotherapy—at the ANGAU Memorial Provincial Hospital in Lae, ...

Papua New Guinea Minister for Mining, Hon. Wake Goi, has commended K92 Mining Inc. for its record-breaking gold production in the fourth quarter of 2024. He praised the company's operational excellence and its significant contribution to the country's economy. "I extend my congratulations to K92 Mining for achieving this historic milestone in productio...

K92 Mining Inc. hit record-breaking production results for the fourth quarter of 2024 at its Kainantu Gold Mine in Papua New Guinea, signaling strong momentum ahead of its highly anticipated Stage 3 Expansion. The company reported on January 8 a gold equivalent (AuEq) production of 53,401 ounces, marking a 37% increase from Q4 2023 and a 21% rise from ...

Up to 30 world leaders are expected to attend Papua New Guinea’s 50th Jubilee Independence celebrations, with Pacific leaders already confirming their participation, Prime Minister Hon. James Marape revealed in a statement. “All Pacific leaders have given the indication to join us on 16 September as well. It will be a busy year for all of us right thro...

The Internal Revenue Commission (IRC) of Papua New Guinea (PNG) has announced a number of tax relief measures introduced in the 2025 Budget by the Marape-Rosso Government. These reforms are aimed at addressing the rising cost of living, supporting small businesses, and promoting home ownership across the nation, the IRC said in a statement. Key Reli...

As the New Year opened, a call for unity and compassion for Vanuatu resounded across Papua New Guinea from Port Moresby. The Governor for the National Capital District, Hon. Powes Parkop, announced a charity drive aimed at supporting Port Vila, the sister city of Port Moresby, which was devastated by a 7.3-magnitude earthquake on New Year’s Eve. The...

The European Union (EU) Delegation to Papua New Guinea has launched the Green Diplomacy Week 2024, a three-day event aimed at fostering local partnerships for sustainability, environmental protection, and climate action. Held from December 11 to 13 at the Moresby Arts Theatre, the event highlighted the EU’s global commitment to combating climate change...

The Government of Papua New Guinea (PNG), Hevehe Petroleum, and Twinza Oil have signed the Pasca Gas Agreement, marking the country’s first offshore petroleum project. This landmark deal promises significant economic and social benefits. Historic Signing Ceremony The signing ceremony, led by Governor General Sir Bob Dadae and attended by Prime Minis...

Papua New Guinea (PNG) faces significant challenges in addressing money laundering (ML) and asset recovery. According to the Financial Action Task Force (FATF) Mutual Evaluation Report (MER) published in November 2024, the country lacks skilled personnel, institutional resources, and prioritization to tackle these issues effectively. Consequently, P...

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. ...