PNG Economics Bulletin

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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 Port Moresby, 18 March 2025 – Prime Minister Hon. James Marape has reinforced...

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 in the news media on the 4th March 2025, regarding security risks associated with the...

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 becoming the first Papua New Guinean Airbus A220 Captain after successfully completing her type...

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 the PNG lead  environment regulator to pay millions of kina to Kutubu landowners for damages to two river...

MRA Management, Staff Welcome New Mining Minister Wake Goi

The Mineral Resources Authority (MRA) management and staff officially welcomed the newly appointed Mining Minister, Hon. Wake Goi MP, to the MRA on yesterday.  Minister Goi, who serves as the...

Bougainville Labour Mobility Alumni Celebrate Successful Pilot Program

Bougainvillians returning from seasonal work in Australia are leveraging their newly acquired skills and earnings to launch agricultural projects and businesses within their communities. Recently...

Santos announces refinancing of syndicated debt facility

Santos this week announced it had executed documentation to refinance its 2025 maturing syndicated bank loan facility. Santos holds leading shares in the PNGLNG Project following the successful merger...

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 key developments related to the Pasca Gas Condensate Project, located offshore from Kerema...

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 share for the half-year ending 30 June 2024, following a strong net profit of K9.9 million. This record...

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 Chief Executive Officer, with the Board expressing confidence in further improvements to the airline’s operations.

Mr. Seddon, who has been acting in the position, was officially confirmed in this role by the PNG National Executive Council (NEC) due to the airline’s ownership by the PNG Government.

The company stated that Mr. Seddon has demonstrated exceptional leadership and a deep commitment to addressing the challenges faced by the airline.

“During his tenure as interim CEO, Gary has overseen significant milestones, including the fleet replacement program with Airbus and Boeing aircraft, enhancements to our route network, and a renewed focus on customer service excellence. His strategic vision and operational expertise have positioned Air Niugini to navigate the challenges and opportunities within the regional market,” the company said.

It added that its Chairman and Board of Directors are confident that under Gary’s leadership, Air Niugini will continue to strengthen its role as Papua New Guinea’s national carrier and fulfill its mission to connect PNG with the world.

“On behalf of the Air Niugini Board, I congratulate Mr. Seddon on his permanent appointment. His leadership will aid in accelerating the re-fleeting program to its successful completion, including the impending arrival of Airbus A220s next September, coinciding with our nation’s 50th Independence Anniversary,” said Chairman Mr. Karl Yalo.

Mr. Seddon expressed his gratitude to the NEC, the Prime Minister, and the Minister for State Enterprises, stating, “I am deeply honored to take on the role of Chief Executive Officer at Air Niugini on a permanent basis. I look forward to continuing our work to enhance the airline’s offerings and improve operational performance. We face many challenges, but they are not impossible to overcome. I sincerely thank our valued customers for their patience and understanding, and I am very appreciative of the dedicated team at Air Niugini who continue to keep us flying.”

Minister for State Enterprises, Hon. William Duma, stated that Mr. Seddon is responsible for delivering against key performance indicators.

“He will continue to have the support of the government, but he must achieve these objectives while providing a sustainable return on investment. The purchase of Airbus A220 aircraft and Boeing 787 Dreamliners is a game changer. This is a long-overdue investment and will position Air Niugini as the number one airline in the region,” Mr. Duma said.

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