In a strong rebuttal to the Bank of South Pacific’s recent prediction of an 8.5% annual devaluation of the Kina, Treasurer Ian Ling-Stuckey emphasized the…
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 (SNT) is actively in discussions with Wafi-Golpu mine developers Newmont…
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 new Managing Director, effective Monday, July 1, 2024. Mr. Daniells…
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 work in two petroleum retention licences where KPHL is the…
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 Country Manager for Papua New Guinea (PNG), a position that…
Kumul Petroleum presents K1 million towards Mulitaka Disaster Relief
Kumul Petroleum Holding Limited has made a significant contribution to the ongoing disaster relief effort in Mulitaka, Enga Province, by presenting a cheque for K1…
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 credit rating for Papua New Guinea from a negative B2…
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 discuss the economic implications of the Sepik Development Project. The…
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 2024, projecting an increase in inflationary pressures for the year…
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 securing US$155 million (K540 million) to finalize the Central Lime…