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 ...

Papua New Guinea is modernising its air traffic management systems through a collaboration between NiuSky Pacific Limited and UK-based aviation technology company Micro Nav. The agreement was officially signed during a high-level meeting at Micro Nav’s Head Office, attended and formally endorsed by PNG Minister for Civil Aviation, Hon. Wake Goi MP. ...

Papua New Guinea (PNG) is on a steady path toward economic growth, driven largely by informal sector consumer spending, record-high commodity prices, and a resurgence in foreign direct investment, according to Dr Kishti Sen, ANZ international Economist for Papua New Guinea and the Pacific. Sen presented the economic update was during the Port Moresby C...

The Mineral Resources Development Company (MRDC) has expanded its Omati Cocoa Project from Kikori in the Gulf Province to Gobe in the Southern Highlands Province in Papua New Guinea, reinforcing its commitment to building sustainable economies beyond the life of oil and gas resource extraction. In May, more than 2,000 high-quality hybrid cocoa seedling...

Resources & Investment Finance Limited (RIFL) has gained a strong reputation for its fast and flexible finance solutions. RIFL’s new General Manager - Business Development, Russell Evans, has set his eyes on smarter, sustainable finance to empower businesses in Papua New Guinea (PNG). In an exclusive interview with PNG Business News, Evans shared h...

Health is everyone’s business, especially in countries like Papua New Guinea where national development depends heavily on human resources. A healthy population is important not only for social well-being but also for economic growth and national progress. Combating malaria, a disease that continues to place immense strain on health systems and communi...

Austria has signalled a growing interest in strengthening economic ties with Papua New Guinea, focusing on high-value sectors such as green energy, forestry processing, and advanced technology. This was revealed during a meeting between Austria’s new Ambassador, Her Excellency Elisabeth Koegler, and PNG’s Minister for International Trade and Investment...

Port Moresby will soon be a key regional transit hub linking Asia and the Pacific following the recent inaugural flight of China Southern Airlines from the capital city of Papua New Guinea on 29th April 2025, government officials said. National Capital District Governor Hon. Powes Parkop welcomed the Marape-Rosso Government’s support for the launch of ...

The Pacific Tourism Organisation (SPTO), in collaboration with the Papua New Guinea Tourism Promotion Authority (PNGTPA), has released PNG’s first Business Confidence Index (BCI) report this month. This report offers valuable insights into the country’s business outlook and tourism sector recovery, providing a crucial tool for evidence-based policymaki...

St Barbara Limited (ASX: SBM) has announced the results of its Simberi Process Plant Layout and Design AACE Class 4 Study (“Plant Study”), which confirms the strong economic potential of its Simberi Expansion Project in Papua New Guinea. The update given on 30 April this year, after the plant study, also includes revised Mineral Resource and Ore Reserv...

Three legends in Papua New Guinea’s tourism industry were honoured with Lifetime Achievement Awards during the 2025 National Tourism Conference & Expo (NTC) Gala Dinner on April 10 at the Hilton Hotel in Port Moresby. The recipients included Bob Bates, Proprietor of Trans Niugini Tours; the late Sir Peter Barter, represented by his son Andrew Barte...

In a region where digital transformation is both a challenge and an opportunity, global payments leader Visa is actively working to bridge the financial gap through inclusive innovation. In the recent Innovation PNG Conference 2025 in Port Moresby, Visa Country Manager for New Zealand and the Pacific Islands Anthony Watson revealed an ambitious 2030 vi...

The Bank of Papua New Guinea (BPNG) has announced its new executive structure as part of its commitment to becoming a modern, digital, and trusted central bank under its recently developed “Vision 2050” strategy. The announcement follows a detailed and extensive strategy development process over the past two years. Since its establishment in 1973, the ...

The Department of Works and Highways has gone ahead to execute the Connect Papua New Guinea Project, reaffirming the Marape-Rosso government’s commitment to connect the country by main highways and to bring services and opportunities to the rural populace. Prime Minister Hon. James Marape emphasized that the new roads will serve as crucial links to mar...