François Valerian, the Elected Chair of Transparency International (TI), raised concerns surrounding the long-term value of combating corruption within the business sector globally, including in Papua New Guinea. He noted that ethical practices are essential for sustainable growth. "The benefit of shareholders and stakeholders lies in the sustainability a...

Papua New Guinea is moving towards establishing the Pacific region’s first Blue Carbon Policy, aimed at safeguarding the country’s vital blue carbon ecosystems. The National Blue Carbon Policy provides an enabling framework for the conservation and sustainable management of blue carbon ecosystems in the country. A two-day National Blue Carbon Policy Ro...

To enhance maritime security, PNG Ports Corporation Limited (PNG Ports) has announced its active involvement in a newly formed working committee aimed at addressing criminal activities within declared port areas. This initiative comes at a time when ensuring the safety and security of ports is increasingly vital to the smooth operation of national and int...

Addressing a diverse audience of analysts, regulators, environmental scientists, and industry professionals during the Geosciences, Exploration, and Extraction (GEE) 2024 Conference, the Mineral Resources Authority (MRA) Managing Director, Jerry Gerry, emphasized the critical importance of sustainable practices in harnessing Papua New Guinea’s rich minera...

An innovative partnership between the Australian Government and PNG-based accreditation provider Paradais Review Services is set to send six Papua New Guineans on a vital training program in South Australia.   Over a two-week program, these individuals will train as National Association of Sustainable Agriculture Australia (NASAA) Organic Inspectors...

Credit Corporation (PNG) Limited has achieved a long-held dream of its founding directors by evolving into a fully-fledged bank, a milestone celebrated by Chairman Dr. Albert Mellam during the official licensing event by the Bank of Papua New Guinea (BPNG). The transition to CreditBank PNG marks a pivotal moment in the company’s history, reflecting its...

August 5th marked a historic moment for Papua New Guinea's financial sector as the Bank of Papua New Guinea (BPNG) issued commercial banking licenses to TISA Bank Limited and Credit Bank PNG Limited. This event, held at the BPNG headquarters in Port Moresby, is the first time two banking licenses have been granted on the same day, signaling a significa...

The 2024 Business Regulators Summit co-hosted by the Investment Promotion Authority (IPA) and Department of Information, Communication and Technology (DICT) on July 30 to 31 in Port Moresby drew representatives from businesses, regulators, investors, government agencies, non-government organisations, and the media across Papua New Guinea to Port Moresby f...

The Papua New Guinea Chamber of Resources and Energy (PNG Core) Manger for Policy and Analysis, Gretel Orake, addressed the urgent need for regulatory reform and enhanced capacity within PNG's regulatory bodies during the 2024 Business Regulators Summit held at Stanley's Hotel. Orake highlighted critical areas requiring attention to foster a more condu...

PNG Customs Service Chief Commissioner David Towe stressed Papua New Guinea’s commitment to trade facilitation and border protection during his presentation at the 2024 Business Regulators Summit, Session four on July 31. Addressing a diverse audience that included regulatory agency leaders, private sector representatives, NGOs, and media, Towe deliver...

In July, the Global Green Growth Institute (GGGI) launched the Papua New Guinea Climate FIRST project with a series of workshops, starting with the New Ireland Province. The Climate FIRST Inception and Stakeholder Consultation Workshop, held on July 22 in Kavieng, marked the beginning of the project's implementation across seven provinces: Eastern High...

From July 12 to 14, the Papua New Guinea Tourism Promotion Authority (TPA) highlighted the country's exceptional birding opportunities at the Global Bird Fair (GBF) in Rutland, Oakham, United Kingdom. This major event provided PNG a key platform to engage with international birding tour operators, travel agents, and conservation organizations, enhancin...

The European Union (EU) and Papua New Guinea (PNG) are deepening their commitment to environmental sustainability with the EU-funded Forestry, Climate Change, and Biodiversity (EU-FCCB) program. Launched in October 2023, this €55-million initiative aims to integrate forest management, climate action, and biodiversity protection into PNG's development s...

The Minister for Fisheries and Marine Resources, Hon. Jelta Wong, revealed that Mr. Noan David Pakop has been appointed as the first Papua New Guinean Director General of the Pacific Islands Forum Fisheries Agency (FFA). Mr. Pakop’s appointment, confirmed by the 23rd Forum Fisheries Committee Ministers in Honiara, Solomon Islands, marks a significant m...

The annual Trukai Fun Run 2024 is not just another community event, but a crucial initiative that underscores the business sector's vital role in supporting national pride and athletic excellence. The Fun Run took place on July 7 across ten locations in Papua New Guinea, with more than 1,000 participants in each location. The Fun Run united communit...

The Secretary of the Department of Lands and Physical Planning, Hon. Benjamin Samson, recently provided a comprehensive overview of the steps taken towards implementing the new Strata Title Laws. The Strata Title Laws will provide significant opportunities for investment and employment, broadening the tax income for state and municipal authorities. ...