Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia called for urgent action to translate green finance policies into investment, warning that climate change is already affecting communities across Papua New Guinea. Speaking at the opening of the 2026 Green Finance Summit in Port Moresby on May 27, Genia said the country must move beyond discussio...

Hiri-Koiari MP Keith Iduhu has called for changes to the governance structure of the PNG LNG project's Kroton Equity Option (KEO), arguing that landowners hosting the project's liquefaction plant have been excluded from decision-making despite their contribution to Papua New Guinea's largest resource development. Speaking in Parliament on 3 June 2026, ...

In Papua New Guinea, one of Port Moresby’s most iconic dining destinations has been given a new lease on life, with Crown Hotel officially relaunching Rapala Restaurant, offering an elevated culinary experience that combines premium international cuisine, stunning harbour views combining local flavours and world-class hospitality. Located within  Crown...

Papua New Guinea is preparing to enter a new frontier in offshore petroleum exploration, with the country's first ultra-deepwater exploration well scheduled to be drilled within the next two months offshore between Central and Milne Bay provinces. The Mailu-1 exploration well, jointly developed by TotalEnergies EP Kundu Limited and PETRONAS, is regarde...

Papua New Guinea and the European Union have reaffirmed their commitment to expanding trade, investment and sustainable development cooperation, with more than 300 participants from PNG and Europe gathering in Port Moresby for the 5th EU–PNG Business Forum. Held at the Hilton Port Moresby Hotel & Residences on June 2–3 under the theme “The EU Globa...

Papua New Guinea is poised to enter a new era of aviation innovation through strategic partnerships with global aviation technology leaders, aimed at modernising the country's air navigation and traffic management capabilities. NiuSky Pacific announced collaborations with Australia's Skykraft and Italy's ENAV Group that will focus on key areas includin...

France has reaffirmed its long-term economic, environmental and security commitment to the Pacific, outlining major investments and regional partnerships aimed at strengthening ocean governance, fisheries protection and the blue economy during the opening of the Melanesian Ocean Summit, held from May 11-14 in Port Moresby. Speaking at APEC Haus on May ...

The New Ireland Province in Papua New Guinea is pushing for increased equity participation, higher royalties and expanded development funding as negotiations continue over future benefits arrangements for the Simberi and Lihir mining projects. New Ireland Governor Byron Chan said on 22 May that the province is seeking stronger long-term economic return...

Papua New Guinea’s investment climate, grey listing status, and preparations for major resource and infrastructure projects were among the key issues discussed during a question-and-answer session at the Port Moresby Chamber of Commerce and Industry (POMCCI) breakfast meeting held on Wednesday, May 20, at the Royal Papua Yacht Club in Port Moresby. Res...

Senior economists highlight fuel subsidy risks, kina stability and growth opportunities at POMCCI breakfast meeting By Roselyn Erehe Questions surrounding the long-term sustainability of Papua New Guinea’s fuel stabilisation measures, the future direction of the kina, and the readiness of businesses to absorb rising costs dominated discussions durin...

Papua New Guinea’s economic outlook, investment opportunities and long-term development priorities took centre stage during a business breakfast session hosted at the Royal Papua Yacht Club in Port Moresby on Wednesday, May 20, where leading economists and private sector representatives discussed the country’s future through a “Five Ps” framework — Petrol...

Australia has announced a major new push to support Papua New Guinea’s telecommunications and digital infrastructure sector, with Australian Minister for Pacific Island Affairs Pat Conroy outlining plans aimed at accelerating economic growth, expanding business opportunities, and improving nationwide connectivity in PNG. Speaking at the 41st Australia ...

China has reaffirmed its commitment to supporting Papua New Guinea’s disaster response and recovery efforts, highlighting years of humanitarian assistance and future cooperation opportunities in disaster management, energy transformation, and emergency response technologies. The commitment was reiterated during a handover ceremony for humanitarian cash...

Papua New Guinea used the global Women Deliver 2026 Conference in Melbourne, Australia, to highlight the country’s growing investment in gender equality, reproductive health, and long-term strategies to address gender-based violence, with leaders emphasising the importance of empowering women and girls. National Capital District Governor Powes Parkop, ...

Papua New Guinea has strengthened its push to become a regional leader in sustainable ocean industries following the successful hosting of the inaugural 2026 Melanesian Ocean Summit at APEC Haus in Port Moresby from May 11–14. Held under the theme “Ensuring Ocean Protection with Sustainable Ocean Economies,” the four-day summit brought together Pacific...

The Asian Development Bank (ADB) and the National Capital District have entered discussions on future urban development and infrastructure investment opportunities for Port Moresby following a meeting between newly appointed ADB Country Director Takafumi Kadono and NCD Governor Powes Parkop on 13 May, in Port Moresby. The courtesy orientation meeting f...