The Bank of Papua New Guinea (BPNG) has submitted its 2024 Annual Report and Financial Statements to the Minister for Treasury, in accordance with the Central Banking (Amendment) Act of 2024. The report captures a pivotal year marked by structural reform, digital innovation, monetary tightening, and renewed focus on institutional integrity. The timely ...

This year’s Papua New Guinea Industrial and Mining Resources Exhibition and Conference (PNG Expo) concluded two productive days of industry insights, innovation and networking at The Stanley Hotel & Suites from July 2 to 3. Bringing together expert-led discussions, real-world case studies and opportunities for sector-wide collaboration, the annual ...

Papua New Guinea must stop crafting “a rulebook for every project” and instead focus on building reliable, trade-enabling infrastructure to underpin a strong and inclusive economy, said Chey Scovell, Vice President of the Port Moresby Chamber of Commerce and Industry (POMCCI). Speaking at a POMCCI-hosted breakfast forum on Thursday, 3 July, at the Roya...

PORT MORESBY – The capital city came alive on 28 June as more than 12,000 people gathered at the Sir Hubert Murray Stadium for the inaugural Meganesia Concert 2025, a free-entry spectacle that has set the tone for Papua New Guinea’s countdown to its 50th Independence Anniversary. The stadium pulsed with vibrant colours, festive food and the rhythmic so...

In an exclusive interview with PNG Business News, TWM Group managing director Kori Chan shared key insights from the 40th Australia–PNG Business Forum and Trade Expo, held from June 23 to 25 at The Stanley Hotel in Port Moresby. Chan described the event as informative and “suitably sized” to encourage meaningful dialogue among business leaders, governm...

Papua New Guinea and Australia marked four decades of business partnership at the 40th Australia–PNG Business Forum and Trade Expo, held from 23 to 25 June at the Stanley Hotel in Port Moresby. The forum came at a key moment for PNG, which is preparing to celebrate 50 years of independence. More than 800 delegates from government, business and developm...

15 June marked a significant milestone for Papua New Guinea as the government officially launched the Special Economic Zones (SEZ) Foundation Policy 2025–2032 during a high-profile ceremony at APEC Haus in Port Moresby—an event hailed by national leaders as a transformative moment in the country’s economic journey. Hosted by the Ministry of Internation...

Papua New Guinea Prime Minister James Marape has called for sweeping reforms, deeper cooperation, and renewed unity among Melanesian countries. Addressing the 23rd Melanesian Spearhead Group (MSG) Leaders’ Summit on Monday, 23 June, in Suva, Fiji, Prime Minister Marape urged MSG member states to reinforce their solidarity by recognising their ancient t...

Kundu Finance, one of Papua New Guinea’s newest but fastest growing financial institutions, is setting a new standard in responsible lending, one that blends cultural identity, innovation, and a people-first approach. Recognizing the daily demands of the modern workforce, Kundu Finance offers online loan applications that allow clients to apply from an...

The Pacific International Hospital (PIH) was on the cricket field providing support for the PacificAus Sports Cricket Invitational as the exclusive health partner, delivering on-the-ground emergency and health services to ensure the safety and wellbeing of all players and officials. As Papua New Guinea’s leading multispeciality hospital, PIH has steppe...

Wimble & Co. Ltd is more than just a trusted supplier of printing products and ink, it is a diversified industrial solutions provider with over a century of experience supporting Papua New Guinea and the Pacific. Proudly PNG-owned and operated for over 100 years, Wimble has grown into a nationwide enterprise, meeting the evolving needs of companies, o...

Have you ever stepped inside a hotel and thought, “I know this place”, only to discover you have barely scratched the surface? You might think you know The Stanley Hotel & Suites in Port Moresby, but do you really? You have not seen the best of it, yet. The Stanley Hotel & Suites, is a 20-story building with over 400 rooms, suites and servic...

The Westpac Wailis Papua New Guinea Economic Update and Outlook for May 2025 published on 2 June shows a commodity boom, resource sector investments, and policy reforms are driving optimism amid global trade tensions. Titled “Optimistic 2025: PNG mostly resolves forex issues, sees favourable commodity prices,” the report shows the outlook for this year...

The government has officially launched the 2nd Papua New Guinea Special Economic Zones Summit that will be hosted at the Hilton Hotel in Port Moresby from 31 August to 3 September 2025.   “This summit will be like no other. It will be the most useful and productive in our nation’s history. It will redirect the course of our nation,” Hon. Richard Maru, ...

The Department of Works and Highways (DoWH) and the Department of Lands and Physical Planning (DLPP) officially signed a Memorandum of Understanding (MoU) on Tuesday, 3 June, aimed at resolving long-standing land acquisition challenges that have delayed road projects nationwide. The MoU is anchored in national legal instruments including the Constituti...

Papua New Guinea’s economic prospects remain positive in 2025 despite rising global uncertainties, according to the latest PNG Economic Update released on 30 April by Justin Smirk, Director and Senior Economist at Westpac. The report shows strong domestic fundamentals, firm growth forecasts, and increased investor confidence, even amid volatile global ...