The European Union is advancing its Global Gateway strategy in Papua New Guinea (PNG), with European Commissioner for International Partnerships Jozef Síkela arriving in Port Moresby on 11 September to strengthen investment ties and development cooperation. His two-day visit concluded on 12 September with the signing of a PGK 125 million budget support pr...

Papua New Guinea will co-host the Alliance for Financial Inclusion (AFI) Global Policy Forum (GPF) in 2026, the Bank of Papua New Guinea (BPNG) confirmed. Governor Elizabeth Genia accepted the hosting offer on behalf of the country during the 2025 AFI Global Policy Forum in Swakopmund, Namibia, which drew senior policymakers and central bank leaders fr...

Papua New Guinea’s Minister for Mining Rainbo Paita has urged investors to embrace the country’s Special Economic Zone (SEZ) initiative, stressing the need for competitiveness, strong incentives, and practical reforms to attract long-term investment. Speaking during the Second Special Economic Zone Summit at APEC Haus, Minister Paita commended the Mini...

Papua New Guinea’s 50th Independence Anniversary saw an unprecedented gathering of regional and international leaders, underscoring the country’s growing diplomatic and economic significance on the global stage. Prime Minister James Marape hosted bilateral and multilateral partners, dignitaries, investors and business leaders across a week of events in...

Papua New Guinea’s Minister for Commerce and Industry, Win Bakri Daki, announced two major policies during the Department of Commerce and Industry’s Independence celebration on 1 September. The event, part of the ministry’s month-long programme marking PNG’s 50th Independence anniversary from 1 to 30 September, provided a platform for the minister to outl...

The Treasurer of the Central Bougainville Tourism Association (CBTA), Delwin Ketsian, said the 2025 Tama Festival has the potential to become a major economic driver for Bougainville. “We see the Tama Festival not only as a cultural celebration but as an economic driver for Bougainville tourism. With more partnerships and planning, this festival will g...

The Bank of Papua New Guinea’s Monetary Policy Committee (MPC) has announced key policy adjustments aimed at reinforcing price stability and strengthening the role of the exchange rate as the nominal anchor for monetary policy. In its 2 September meeting, the Committee increased the Kina Facility Rate (KFR) from 4.0% to 5.0% and lowered the Cash Reserv...

Papua New Guinea Prime Minister James Marape, MP, has called for stronger civil society engagement to ensure the Pacific’s regional architecture delivers stability, good governance and sustainable economic growth. In his intervention statement at the 54th Pacific Islands Forum (PIF) Leaders’ Dialogue with Civil Society on 9 September in Honiara, Solomo...

A new customs detector dog facility has been launched in Port Moresby, marking a significant step in strengthening border protection and deepening the partnership between Australia and Papua New Guinea. “From narcotics and firearms to illicit tobacco and explosives, detector dogs are a powerful non-intrusive screening tool that can complement and, in s...

Credit Corporation (PNG) Limited has outlined its transformation into a commercial bank and reported a solid financial performance for 2024, with Chief Executive Officer Danny Robinson reaffirming confidence in the Group’s future. Robinson shared the company’s progress at a Port Moresby Chamber of Commerce and Industry breakfast on 27 August 2025, wher...

Papua New Guinea’s aviation sector is set for a sweeping transformation, with Aviation Minister Wake Goi announcing multi-billion Kina investments to modernise airports and expand their role as economic drivers. Goi said the redevelopment programme will focus on five priorities: runway expansions, aircraft parking bays, infrastructure upgrades, termina...

Papua New Guinea marked its 50th Anniversary of Independence and the 50th Anniversary of the Kina and Toea with the launch of a commemorative K50 banknote and 50 toea coin, while also announcing plans for a new K100 note honouring the late Sir Julius Chan to be released in 2026. The commemorative currency was unveiled on 28 and 29 August in a series of...

Papua New Guinea Minister for International Trade and Investment Richard Maru has announced that the National Executive Council has approved a decision to support small and medium enterprises with grant funding of K100,000 (US$ 24,530) per company. He said the grant was designed to help SMEs export products to overseas markets and would be delivered th...

Papua New Guinea faces imminent placement on the Financial Action Task Force (FATF) “Grey List” by 2026, a move that Bank of Papua New Guinea Governor Elizabeth Genia says will have serious implications for investment, trade and the cost of doing business. Speaking at the Port Moresby Chamber of Commerce and Industry (POMCCI) Breakfast Meeting on 6 Aug...

As Papua New Guinea celebrates its 50th year of independence, the milestone underscores the urgent need for continued investment in infrastructure, institutions and human resources to secure the nation’s future. For provincial education projects, this progress must be paired with a firm commitment to safety, security, skilled personnel and sustained fundi...

“We in the Pacific are more than neighbours, we are a family of nations, genetically intertwined through shared ancestry, culture and history. Our roots are deep in the ocean, but our vision must now reach the digital horizon,” declared Acting Minister for Information and Communications Technology and Minister for Police Peter Tsiamalili Jr., as he reaffi...