Consensus Reached To Build Large Scale Economic Zones For Cattle
A consensus has been reached to develop the cattle industry where the Department of Trade...
Gedion Timothy
Government welcomes World Bank Executive visit
A high-level discussion on Papua New Guineas development progress between PM James Marape and a...
Prime Minister Marape Engages ExxonMobil Leadership in Houston to Advance Key LNG Projects in Papua New Guinea
Prime Minister Hon. James Marape has met with senior executives of ExxonMobil Corporation at the...
Prime Minister Marape Holds Productive High-Level Meetings in Washington, D.C., Focused on Trade, Investments, Security, and Fisheries Cooperation
Prime Minister Hon. James Marape met with senior United States Government officials on Wednesday (9th...
Prime Minister Marape Emphasises Commitment to Securing Maximum Benefits for PNG in Wafi-Golpu Mine Development
Prime Minister Marape Emphasises Commitment to Securing Maximum Benefits for PNG in Wafi-Golpu Mine Development...
MINISTER FOR WORKS AND HIGHWAYS RESPONSE TO CENTRAL GOVERNOR’S CONCERNS ON THE CONNECT PNG PROGRAM
The Marape – Rosso Administration acknowledges the concerns raised by the Governor for Central Province...
Captain Beverley Pakii Sets New Milestone as Papua New Guinea’s First Airbus A220 Captain
Air Niugini’s Captain Beverley Pakii continues to record milestones in the aviation industry, this time...
Santos Reviews CEPA Directive for K50 Million Compensation to Kutubu Landowners
Santos, the operator of the Kutubu oil fields says it is reviewing a direction by...
MRA Management, Staff Welcome New Mining Minister Wake Goi
The Mineral Resources Authority (MRA) management and staff officially welcomed the newly appointed Mining Minister,...
Bougainville Labour Mobility Alumni Celebrate Successful Pilot Program
Bougainvillians returning from seasonal work in Australia are leveraging their newly acquired skills and earnings...
Santos announces refinancing of syndicated debt facility
Santos this week announced it had executed documentation to refinance its 2025 maturing syndicated bank...
Twinza’s Pasca A Gas Project on the cards to boost PNG Economy: PM satisfied with Progress
Prime Minister James Marape yesterday convened with State Lead Negotiator Dairi Vele yesterday to discuss...
Kina Asset Management Ltd Declares Record Interim Dividend for 2024
Kina Asset Management Ltd (KAML) has announced a historic interim dividend of 20 toea per...
Port of Kiunga Secures International Stamp of Approval, Enhancing Trade and Investment Opportunities
Ok Tedi Mining Limited (OTML) was recently awarded the Statement of Compliance (SOC) for its...
CPL Group Reports Challenges and Strategic Resilience Amid PNG’s Economic Slowdown
PNG leading retailer CPL Group has announced its financial results for the first half of...
Implementation Of The National Tuna Domestication Strategy (NTDS) Vital For PNG To Become a Major Tuna Processing Hub In The Asia-Pacific Region
Fisheries and Marine Resources Minister Jelta Wong has announced that the National Tuna Domestication Strategy...
NEA Unveils First Corporate Plan 2023-2027: Paving the Way for Papua New Guinea’s Energy Future
By Roselyn Erehe The National Energy Authority (NEA) has officially introduced its Corporate Plan for...
PNG Customs Reports Strong Mid-Year Revenue Growth Amid Economic Challenges
By Roselyn Erehe Papua New Guinea (PNG) recently hosted significant summits, among which the 2024...
Tisa Community Finance Transforms into TISA Bank: A New Era in Banking for Papua New Guinea
Tisa Community Finance Limited (TCF) has officially rebranded as TISA Bank following the recent grant...
NGIP Agmark Ltd Reports Robust Growth and Declares Interim Dividend
NGIP Agmark Limited (NGP) has announced notable growth in its financial performance for the first...
Credit Corporation Reports Strong Financial Performance for H1 2024 Amid Strategic Transformation
Credit Corporation has announced its financial results for the first half of the financial year...
Papua New Guinea Among FFA Nations Criticized for Blocking Transparency in Tuna Fisheries Governance
Accountability.Fish, a global non-governmental organization focused on enhancing transparency and accountability in international fisheries governance,...
IRC Investigation Uncovers Significant Tax Evasion by Healthcare Company
In its ongoing move to combat tax evasion, the Internal Revenue Commission (IRC) of Papua...
Gary Seddon Appointed as Chief Executive Officer of Air Niugini
Air Niugini, the national flag carrier, today announced the appointment of Gary Seddon as its...
State Launches Pre-CDA Awareness Program For Wafi-Golpu Project
The Government has launched a pre-Community Development Agreement (CDA) awareness program in Lae, focusing on...
PNG Power Limited Launches Replacement of Outdated 7-Digit Prepaid Meters in NCD and Central Province
PNG Power Limited (PPL) is embarking on a vital initiative to replace all 7-digit prepaid...
Inclusive Economic Participation: Prime Minister Marape Launches 2024 Papua New Guinea Investment Week
In a significant advancement towards inclusive economic participation, Prime Minister James Marape today announced the...
PNG Government Condemns Channel 7 for False Reporting, Demands Apology
The Government of Papua New Guinea has issued a strong condemnation of an attempt by...
PNG Treasurer Ian Ling-Stuckey Counters BSP’s 8.5% Annual Devaluation Prediction, Advocates for Gradual Currency Adjustment
In a strong rebuttal to the Bank of South Pacific’s recent prediction of an 8.5%...
Prime Minister Marape Reports Progress in Finalizing Wafi-Golpu Mine Development Contract
Prime Minister Hon. James Marape announced on Friday, August 2, that the State Negotiating Team...
Prime Minister Marape Moves to Boost Economy with K50 Million Infrastructure Grant for Wafi-Golpu
Prime Minister Marape Moves to Revitalize Economy with K50 Million Infrastructure Grant for Wafi-Golpu In...
Prime Minister Marape Applauds Launch of K10.6 Million Coffee Exports Office Complex by Coffee Industry Corporation Ltd
Prime Minister Hon. James Marape praised the visionary leadership and strategic planning of the Coffee...
Kumul Minerals Holdings Ltd. Pays K150.75 Million Dividend to State for Fiscal Year 2023
Kumul Minerals Holdings Limited (KMHL) has confirmed the payment of K150.75 million in dividends to...
Newmont Announces Bronze Sponsorship for GEE 2024 Conference
Newmont Corporation has officially announced its Bronze category sponsorship of the Geoscience, Exploration & Extraction...
Balancing Tax Burden And Revenue Growth: The IRC’S Practical Approach
Papua New Guinea’s tax system has been a challenge for years, with taxpayers shouldering a...
Steamships Welcomes New MD As Chris Daniells Takes the Helm
Steamships Trading Company Ltd. (Steamships) has announced the appointment of Mr. Chris Daniells as its...
OilMin Secures K79 Million Seismic Contract with Kumul Petroleum, Boosting PNG’s National Content Development
Today Kumul Petroleum Holdings awarded a contract to OilMin Holdings Limited to carry out seismic...
Khwima Nthara Appointed World Bank Group Country Manager for Papua New Guinea
The World Bank Group has announced the appointment of Mr. Khwima Nthara as its new...
Kumul Petroleum presents K1 million towards Mulitaka Disaster Relief
Kumul Petroleum Holding Limited has made a significant contribution to the ongoing disaster relief effort...
PNG Makes Strides Towards Stronger Credit Rating, Boosting Economic Prospects
Minister Assisting the Prime Minister on Treasury matters Ian Ling Stucky has reported an improved...
PanAust Delegation Holds Talks with PNG Prime Minister on Sepik Development Project
A delegation from PanAust recently met with Papua New Guinea Prime Minister James Marape to...
Bank of Papua New Guinea Forecasts Inflationary Pressures for 2024
The Bank of Papua New Guinea has released its Monetary Policy Statement for Quarter 1...
MRDC Concludes Clan Bank Account Awareness Exercise for Hides PDL1 Beneficiaries in PNG LNG Project
The Mineral Resources Development Company (MRDC) has successfully concluded an Awareness Exercise on the Clan...
Unreliable Power Supply Stifles Economic Growth in Papua New Guinea
A recent report, the Asia Pacific Outlook released in April, has highlighted the crippling effects...
Prime Minister Marape Applauds Mayur Resources’ Funding for Central Lime Project
Prime Minister and Treasurer, James Marape, expressed his warm welcome to Mayur Resources Ltd for...
Ok Tedi Mining Limited Sets New Production Record for Q1 2024
Ok Tedi Mining Limited (OTML) has achieved a significant milestone with a record production result...
Environment Regulator to Exercise Due Diligence On Frieda Mine Permit
Following completion of the Frieda River Project Environmental Impact (EIS) roadshows, the head of Government’s...
Kina Records Solid Performance In 2023
Kina Bank has declared a handsome net profit of K105.2 million for 2023. The profit...
Ok Tedi Ends 2023 On High Note With Total Dividend Payment Of K450 Million
Amid major changes to its company leadership in 2023, the Ok Tedi Mining has paid...
INDEPENDENT COMMISSION AGAINST CORRUPTION TO HELP GROW ECONOMY
Prime Minister James Marape expressed his support for the newly formed Independent Commission Against Corruption...
NEW SML APPLICATION LODGED TO RESTART POGERA MINE
The New Porgera Limited (NPL), company responsible to further develop gold body at Pogera valley...
2000 + HOMES FOR PUBLIC SERVANTS IN 2023
The National Government plans to build up to two thousand five hundred houses for public...
BARRICK HAPPY AFTER USHERING AGREEMENT TO RE-OPEN PROGERA MINE
Canadian mining giant Barrick is happy now that a consensus hand been finally reached amongst...
NASFUND THANKS OUTGOING CEO IAN TARUTIA FOR 35 YEARS’ SERVICE
The superannuation industry in Papua New Guinea that hit rock bottom in the year 2000...
K92 MINING PROMOTES CHRIS MULLER TO EXECUTIVE VICE PRESIDENT EXPLORATION
Chris Muller has been promoted as K92 Mining Inc’s Executive Vice President Exploration, the company...
NASFUND MAINTAINS NAMING RIGHT FOR FLAGSHIP RADIO PROGRAM
PNG’s leading superannuation fund, National Superannuation Fund- Nasfund has maintained its partnership with Kalang Advertising...
SUPERANNUATION LANDLORD WELCOMES GOVERNMENT DEPARTMENTS TO VULUPINDI
The iconic Valupindi Haus in Waigani will now become the home of the Department of...
MOU PAVES WAY TO ESTABLISH IPA SERVICES IN EASTERN HIGHLANDS
A memorandum of understanding (MOU) between the Investment Promotion Authority (IPA) and the Eastern Highlands...
WAPENEMENDA SET TO ROLL OUT SME TRAINING FOR ECONOMIC EMPOWERMENT
The Wapenamanda District Development Authority in Enga is embarking on a training program for Small...
RAJEEV SHARMA REPLACES IAN TARUTIA AS NASFUND CEO
The Nasfund Board today announced the appointment of Mr. Rajeev Sharma as its Chief Executive...
PNGEITI CALLS FOR TRANSPARENCY MECHANISMS TO BE BUILT INTO THE SWF ARRANGEMENT
Transparency mechanisms built into the topical Papua New Guinea Sovereign Wealth Fund (SFW) will enable...
FEMALE LAWYER MADE BARRICK NIGUINI LTD PNG COUNTRY MANAGER
Barrick Niguini Ltd, operator of the giant Pogera Mine in Enga has named Ms Karo...
PNGLNG PARTNERS IMPLORED TO DISCLOSE NATURE OF TRANSACTION
An undertaking by state owned Kumul Petroleum Holdings Limited (KPHL) to increase its PNGLNG equity...
KUMUL OFFERS TO ACQUIRE 5% OF PNGLNG FROM SANTOS
Santos yesterday advised it has received a binding conditional offer from Kumul Petroleum Holdings Limited...
NASFUND ANNOUNCES NEW BOARD CHAIR IN TAMZIN WARDLEY
The Nasfund Board today announced the appointment of Ms. Tamzin Wardley as the Fund’s new...
PNG ECONOMY RETURNS TO GROWTH BACKED BY HIGHER COMMODITY PRICES- 4 % EXPANSION PROJECTED
The Papua New Guinea economy is forecast to expand by four percent in 2022, up...
FOREIGN EXCHANGE MARKET INFLOWS GAIN MOMENTUM IN THE JUNE QUARTER
“Foreign Exchange (FX) market inflows gained momentum in June Quarter. FX inflows are expected to...
NORMAL BANKING SERVICES AFTER SHORT DISRUPTIONS: BSP
Bank South Pacific (BSP) will provide normal banking services to its customers today after it...
US$ 200 MILLION FOREX RELIEF: THANKS TO WORLD BANK
A World Bank commitment of US $ 200 million to help the PNG Government address...
WORLD BANK COMMITS US$200 MILLION TO SUPPORT PNG ROADS, NUTRITION AND EMPLOYMENT
The World Bank’s Board of Executive Directors has approved three new projects with a combined...
MORE ACTION REQUIRED TO PROMOTE GOOD GOVERNANCE
Good governance provides a conducive environment for investment and opportunities for employment, which in turn...
TIMELY ACTION BY GOVERNMENT IS CRITICAL TO REALISE GROWTH PROJECTED BACKED BY THE EXTRACTIVE SECTOR
The PNG economy stands to make a quick recovery and growth can pick up this...
NASFUND MEMBERSHIP DISCOUNT FOR LOLOATA ISLAND RESORT CUSTOMERS
Papua New Guinea’s leading superannuation provider, National Superannuation Fund (Nasfund), and the country’s premier island...
AUSTRALIA AND NEW ZEALAND IN THE PACIFIC: THE DIFFERENCE IS MIGRATION POLICY
By Patrick Köllner During her recent visit to Fiji, new Foreign Minister Penny Wong announced...
SECOND PHASE REVIEW INTO CENTRAL BANKING ACT UNDERWAY TO REFORM FINANCIAL SYSTEM
A second review of the Central Banking Act aimed at creating a robust financial system...
BSP INDICATES FOREX SKIMPING DURING THE BALANCE OF 2022
Bank South Pacific says forex supply at its disposal is lower compared to the same...
ANDRE DE BAKHAPOUVE IS NEW CHIEF RISK OFFICER FOR CREDIT CORPORATION
Mr Andre De Bakhapouve is the new Chief Risk Officer with Credit Corporation effective last...
TIPNG WELCOMES ANTI-CORRUPTION STRATEGY
An anti-corruption work-plan by a Government agency has been praised and welcomed by the PNG...
K189 MILLION KROTON DIVIDEND READY FOR DISBURSEMENT TO IMPACTED PNGLNG LANDOWNERS
A total of K189 million will be paid to landowner groups impacted by the Papua...
STAR MOUNTAIN MUSEUM TO SHOWCASE RICH HISTORY OF OK TEDI MINE
A museum worth more than K6 million will be built up in the Star Mountains...
CHRISTOPHER KINVER IS PROJECT DIRECTOR FOR KORA EXPANSION AT KAINANTU GOLD MINE
Christopher Kinver is project director for the Kora expansion in K92 Mine the company announced...
JOHNSON PUNDARI IS NEW CHIEF EXECUTIVE OFFICER OF THE NATIONAL DEVELOPMENT BANK (NDB)
Mr. Johnson Pundari is new Chief Executive Officer of the National Development Bank commencing June,...
National Energy Authority introduces the Papua New Guinea Regulation for Small Power Systems
Increasing access to reliable electricity or energy services in villages can improve livelihoods by creating...
ADDITIONAL COMPANY TAX WILL KILL FOREIGN DIRECT INVESTMENT: BANK WARNS
A recently introduced taxation regime passed by the PNG parliament will deter Foreign Direct Investment...
PNG STOCK EXCHANGE TO BENEFIT AS MEMBER TO UN EXCHANGE INITIATIVE
The Papua New Guinea Stock Exchange (PNGX) is part of the United Nations Sustainable Stock...
PAPUA NEW GUINEA SET FOR SECOND EITI VALIDATION COMMENCING APRIL 2022
PORT MORESBY: Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative...
KINA RPORTS STRONG GROWTH FOR 2020 FININCIAL YEAR: PGK76 MILLION NET PROFIT DECLARED
The Board of Kina Securities Limited today announced positive results for the financial year 2020...
MILESTONE GAS AGREEMENT EXECUTED FOR P’NYANG PROJECT
Santos has today joined the Papua New Guinea Government and P’nyang project participants (affiliates of...
PNG LNG PROJECT EARNS K11B
by PNG Business News -December 08, 2021 According to ExxonMobil PNG Ltd, the PNG LNG project has...
MARAPE: PORGERA TO OPEN IN APRIL 2022
by PNG Business News -December 08, 202 According to Prime Minister James Marape, the multi-billion kina Porgera...
Building the next world class gold mine in PNG
01 Dec 2021 On the back of significant resource growth in the past four years,...
Export licence only for locals: PM
January 20, 2022The NationalBusiness LICENCES for round log exports will only be given to locals...
PNGEITI HAILS SMOOTH MERGER OF PROMINENT INDUSTRY PAYERS IN SANTOS & OIL SEARCH
“Oil Search has been a founding member of the PNG EITI Multi Stakeholder Group (MSG) and has played significant roles…
EXTRACTIVE TRANSPARENCY COMMISSION BILL PROGRESSING WELL
By GEDION TIMOTHY The extraction of minerals such as gold, copper, zinc and petroleum resources...
BSP RESPONDS TO REPORT
June 21, 2021The NationalBusiness THE Bank South Pacific Financial Group Ltd (BFL) is not of...
POM COSTLY FOR BUSINESS: EXEC
June 22, 2021The NationalBusiness By DALE LUMATHE cost of operating a business in PNG is...
CASH SHORTAGE A SIGN OF RECESSION
“the worst is yet to come”. Peter O’Neill, MP He said current indicators of the...
OTML LAUNCHES FM RADIO STATION
Ok Tedi Mining Limited (OTML) today launched its new FM Radio Station, Radio Fly.The launching...
BPNG GOING FOR REVIEW
TREASURER Ian Ling-Stuckey has announced arrangements for a review of the Bank of PNG, including...
PNGEITI PRAISES OPEN DIALOGUE TO RE-OPEN POGERA MINE
PORT MORESBY 9th JUNE, 2021: The PNG Extractive Industries Transparency Initiative (PNGEITI) has praised the...
TWINZA AWAITING RESPONSE FROM PETROLEUM MINISTER
The project lead of the offshore Pasca Gas Project in Gulf, Twinza has announced it...
KUMUL PETROLEUM SECURES DEAL FOR ADDITIONAL 7% FREE CARRIED EQUITY IN LANDMARK DEAL WITH TOTAL SE
Kumul Petroleum Holdings Limited, Papua New Guinea’s national oil and gas company, announced today an...
K92 MINING ANNOUNCES RESUMPTION OF EXPATRIATE FLY-IN FLY-OUT TRAVEL BETWEEN PAPUA NEW GUINEA AND AUSTRALIA
ANCOUVER, British Columbia, May 10, 2021 (GLOBE NEWSWIRE) — K92 Mining Inc . (“ K92 ” or the “ Company…
THE SOUTH PACIFIC’S LARGEST BANK ADMITTED TO AUSTRALIA’S ASX
PNGX listed BSP Financial Group Limited (BSP) has successfully joined the Australian Securities Exchange. BSP’s...
KINA PUSHES PNG FORWARD WITH THEIR NEW CHIEF OF STAFF, JUDITH UGAVA-TAUNAO
Kina Bank is pleased to announce the appointment of Judith Ugava-Taunao as Chief of Staff...
ADDITIONAL FINANCING SUPPORT FOR PAPUA NEW GUINEA
Australia is supporting its Pacific and Timor-Leste partners as we work together to recover as...
GOVERNMENT HANDS OVER PORGERA FRAMEWORK AGREEMENT TO LANDOWNERS AND ENGA PROVINCIAL GOVERNMENT
Prime Minister James Marape (Friday June 4th 2021) visited Porgera accompanied by State Ministers and...
PACIFIC TO RETURN TO POSITIVE GROWTH IN 2021 — ADB
The Pacific is forecast to return to positive growth in 2021, according to a new...
PAUL BARKER ON PROPOSED AMENDMENT TO THE PNG CENTRAL BANKING ACT
Rumors have been floating lately that Government has proposing some changes to the Central Banking...
EITI IMPLEMENTATION IN PAPUA NEW GUINEA HELPS SHAPE POLICY IN THE PNG MINING AND PETROLEUM SECTORS
PORT MORESBY: 26th 2021: The publication of Extractive Industries Transparency Initiative reports are meaningless if...
DEBT ISSUES IN PAPUA NEW GUINEA – PRACTICAL SOLUTIONS
The issue of debt, particularly the fear of it inducing Papua New Guinea bankrupt to...