The International Monetary Fund (IMF) Country Head, Mr. Sohrab Rafiq, recently gave an update on the multinational lender’s program with the Papua New Guinea government. Mr. Rafiq highlighted the progress made in the IMF program, with successful completion of the first and second review missions, and underlined the importance of the IMF's concessional ...

On Europe Day, the European Union Ambassador to Papua New Guinea, His Excellency Jacques Fradin, delivered a passionate speech emphasizing the significance of the day and the enduring partnership between the EU and PNG. Ambassador Fradin said, “Some might wonder what is the 9th of May celebration all about?  It’s not an independence day, nor a victory,...

Prime Minister Hon. James Marape recently praised the economic opportunities the Papua LNG Project and the Wildebeest LNG Project are set to bring, as both natural gas projects underline the potential for business growth and development in the region. PM Marape called on the residents of Gulf Province to prepare to supply goods and services to the fort...

With a focus on infrastructure development and a rising middle-class market, including Small and Medium Enterprises (SMEs), Papua New Guinea presents a promising landscape for investors. PNG’s abundant natural resources in mining, oil and gas, forestry, fisheries, and agriculture further enhance its appeal. From coffee and cocoa to vanilla and local pr...

The Papua New Guinea (PNG) National Government and the Autonomous Bougainville Government (ABG) convened for the Joint Supervisory Body (JSB) meeting to address critical matters concerning the ratification and consequences of the Bougainville referendum. Prime Minister Hon. James Marape and ABG President His Excellency Ishmael Toroama co-chaired the me...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) recently welcomed two esteemed entities, Great Pacific Gold and Southern Cross Assurance Limited (SCAL), into its dynamic network. Great Pacific Gold joins PNG CORE following its recent amalgamation agreement with Tinga Valley Copper & Gold Corp. to acquire a highly prospective PNG c...

The historical ties between Papua New Guinea and Australia run deep, rooted in shared experiences and mutual support. On April 25th, Australian Prime Minister Anthony Albanese and PNG Prime Minister Hon. James Marape embarked on an historic 2-day walk to commemorate ANZAC Day, symbolizing the enduring strength of the relationship. “May the Spirit of AN...

As the global community faces the inevitability of climate change, it becomes imperative for nations and businesses alike to prepare for the ensuing transitions. Papua New Guinea is thus actively addressing the challenges climate change poses, particularly in the realm of sustainable transportation. “It is mandatory upon us to take bold and precise act...

Papua New Guinea Prime Minister Hon. James Marape has emphasized his intention to engage in discussions with Japanese Prime Minister Hon. Fumio Kishida regarding the Papua LNG project. During a recent presentation on April 30th, Prime Minister Marape expressed his desire to formally extend invitations to Japanese contractors for bidding on the construc...

Ok Tedi Mining Limited (OTML) recently renewed its Special Mining Lease (SML) 1 (0), gaining an additional 20-year lease term from 2022 to 2042. This is the second SML 1 (0) lease term extension for OTML. During the momentous event on 23th April, the Minister for Mining, Hon. Muguwa Dilu, encapsulated the rich history, significant achievements, and ...

Papua New Guinea Minister of Tourism, Arts and Culture, Hon. Isi Henry Leonard recently welcomed distinguished guests from China, PNG, and stakeholders for the first China Ready Workshop held on the 25th April at APEC House-Port Moresby. “Your presence here signifies our vision for a vibrant future in tourism and business between Port Moresby-PNG and C...

Port Moresby Chamber of Commerce and Industry Inc. (POMCCI) recently hosted the Price Waterhouse Coopers (PwC) PNG 3rd Family Business Survey (FBS), presented by Michael Collins Entrepreneurial and Private Business (EPB). The survey shed light on the dynamics of family businesses, their challenges, and strategies for building trust and sustainability. ...

The Port Moresby Chamber of Commerce and Industry Inc. (POMCCI) recently organized a ‘Meet and Greet Networking Event’ with Australia’s new High Commissioner to Papua New Guinea, His Excellency John Feakes. The event took place on Tuesday, 16th April, at the Holiday Inn in Port Moresby, drawing participants from the Australia Trade and Investment Commi...

Business for Health (B4H) is leading the battle against tuberculosis or TB, urging all businesses in Papua New Guinea to join their campaign this year. The renewed commitment to ending the disease marked on TB Day continues, as the group released updates to TB learning resources and maintained conversations through radio, theatre, and storytelling, wit...

Port Moresby, the dynamic capital of Papua New Guinea, is set for a remarkable transformation into a premier destination for Chinese tourists, following a milestone collaboration between local and national tourism industries, business sectors, and a strategic partnership with Guangdong Province. Together, they envision “Amazing Port Moresby” as a pivot...

PNG Minister for Mining Hon. Muguwa Dilu’s online participation in the recent launch of the Multilateral Minerals Security Partnership (MSP) Forum reflects PNG's eagerness to explore collaborative opportunities within the global mining community and potentially become a member of the Forum. This inaugural event held on the 9th of April, in Leuven, Belg...