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...

Pacific Lime and Cement (PLC), formerly Mayur Resources Limited, has approved the Final Investment Decision (FID) for its flagship Central Cement and Lime (CCL) Project at Kido Island in Central Province — paving the way for construction to begin on a nation-building venture expected to cut Papua New Guinea’s reliance on imported construction materials. ...

The Community Affairs and National Content Conference and Exhibition (CANCONEX) has again affirmed its role as a key pillar in Papua New Guinea’s pursuit of inclusive and sustainable development—transforming dialogue into commitment and commitment into national action shaped by the resources sector. In his closing address at CANCONEX 2025, held at APEC...

Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has unveiled sweeping legal and institutional reforms to modernise the country’s petroleum sector, with the formal introduction of a Production Sharing Act (PSA) that will serve as the legal and fiscal foundation for all new petroleum projects. The announcement was made during the PNG Petroleum...

The MAPEX Training Institute (MTI), a 100% nationally owned and privately registered higher education provider, has announced an ambitious five-year plan to transition into Papua New Guinea’s first nationally owned private university. In an exclusive interview with PNG Business News during MTI’s 20th anniversary celebration on 16 July, MTI Chairman Dr....

In a sector once dominated by foreign providers, the establishment of nationally owned Niugini Assurance Group Limited (NAGL) in 2019 reflects PNG’s economic maturity. NAGL is rewriting the script with locally driven leadership, tailored insurance solutions and a commitment to protect what matters most — the people. NAGL is a response to the call for f...