Papua New Guinea's latest score on the Corruption Perception Index (CPI) is 29 out of 100, showing a slight improvement of one percent from 28 out of 100 in 2021. Despite this progress, PNG remains among many countries with little to no improvement in tackling corruption. This data was highlighted by PNG National Planning Minister Sir Ano Pala during t...

The Australia-Papua New Guinea Business Exchange (APNGBX) recently highlighted opportunities for collaboration and investment in PNG's growing economy. Key discussions focused on infrastructure development, renewable energy, and the broader economic landscape. Key Takeaways included: Global Economic Trends: Senior Economist Justin Smirk from Westpac Ba...

Papua New Guinea (PNG) has the potential to become a key destination for historical tourism, according to Dr. Brent Glass, Former Director Emeritus of the Smithsonian Institution. Dr. Glass said this during his recent visit to the Papua New Guinea Tourism Promotion Authority (TPA). “Papua New Guinea’s war history is compelling and holds global inter...

The Minister of Tourism, Arts and Culture, Hon. Belden Namah, emphasized the importance of tourism, arts, and culture, referring to them as “a pot of gold.” He made this statement to highlight his commitment to reviving the National Kenu & Kundu Festivals (NKKF) in Milne Bay Province, at the southern tip of Papua New Guinea. Hon. Namah took offi...

The Australian Minister for International Development and the Pacific, Hon. Pat Conroy, officially launched the Australia-PNG Development Partnership Plan (DPP) for 2024-2029 at the Australian High Commission on Thursday 19th September in Port Moresby, Papua New Guinea. This initiative reinforces Australia’s commitment to PNG as its largest development...

The Bisnis PNG Supplier Management Portal (SMP), launched by the PNG Institute of Banking and Business Management (IBBM), is empowering local businesses to increase their visibility and access opportunities. The SMP, a collaboration between IBBM and ExxonMobil, aims to connect businesses and people, and promote entrepreneurial development. It provides ...

As Papua New Guinea (PNG) approaches its 50th Golden Jubilee of independence, the country reflects on its development across the business, resource, and industrial sectors. A key topic at the forefront of discussions is National Content, which emphasizes the participation of local businesses and workforce in resource projects, aiming to ensure that PNG...

PNG Solar Supply - SPIA Enterprises Ltd is lighting-up the remotest corners of Papua New Guinea with sustainable and affordable solar energy solutions. PNG Solar Supply is providing renewable energy solutions across the country. As a subsidiary and the commercial arm of the South Pacific International Academy, all profits from PNG Solar Supply are rein...

Goilala District is aiming to secure an export license to tap into international coffee markets, according to Chairman and Goilala MP Hon. Casmiro Aia. “We have established contacts with Dubai and sent our first shipment of coffee through Niugini Spice and Coffee Exports, a subsidiary of the Agmark group. Now, we look forward to owning a coffee export ...

Papua New Guinea will move more into downstream processing and manufacturing of its resources, Prime Minister Hon. James Marape said in his address to the nation for the 49th Anniversary of PNG’s Independence. Stating the importance of working together to build a robust, inclusive economy, Marape also stressed the need to diversify PNG’s economy beyond...

Papua New Guinea hosted several key events this year, including the 2024 IPA Regulators Summit in July. At the summit, regulatory agencies shared their roles, responsibilities, and plans. These agencies are vital to the nation's economic development, ensuring compliance with laws and supporting government initiatives. During the summit, PNG Customs Chi...

Tolu Minerals is poised to breathe new life into the Tolukuma gold mine, aiming to unlock substantial gold resources and restore production. This strategic effort not only signals a significant revitalisation of one of Papua New Guinea’s historically high-grade mines but also promises far-reaching economic and social benefits for the region. Tolu Miner...

Tolu Minerals has launched the Bakoiudu-Tolukuma Road Project in Central Province, Papua New Guinea. This crucial infrastructure initiative will connect the Kairuku and Goilala Districts, benefiting both the Tolukuma Mine and local communities. Governor for Central Province, Hon. Rufina Peter, and Managing Director of the MRA, Mr. Jerry Garry, the Mana...

The recent August POMCCI Breakfast event saw Ashurst PNG host an exclusive breakfast panel discussion, “Building for the Future: Lessons Learnt,” at the Marriott Executive Apartments’ Harbourside South on 29 August in Port Moresby. The event, designed as a networking stand-up buffet, was attended by leading corporate members, industry stakeholders, and de...

The Bank of Papua New Guinea (BPNG) officially launched the Kina and Toea Exhibition, a display celebrating the nation's rich economic history and the 50th anniversary of Papua New Guinea’s currency. This event, held as part of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th anniversary of PNG's independence in 2025. The Kina...

The National Energy Authority (NEA) has officially launched its Corporate Plan 2023-2027, marking a significant milestone in Papua New Guinea’s energy sector. The Corporate Plan, launched on 23 August at APEC Haus in Port Moresby, is the first of its kind for the NEA. It outlines the strategic direction and key objectives that will guide the Authority’s e...