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PNG Investment Week: Australia Signals Stronger Investment, Trade and Infrastructure Push as Exports to Australia Surge 56%
Personality Profile: Saamrat Dutta - Head of Corporate & Institutional Deposits, Partnerships & Alliances and Acting Head for Marketing, Branding and Communications
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Australia’s enduring commitment to Papua New Guinea’s economic reform has been reaffirmed by Ewen McDonald, Australian High Commissioner to Papua New Guinea and Special Envoy for the Pacific and Regional Affairs. Speaking at PNG Investment Week on 9 December in Sydney, McDonald highlighted what he described as a relationship “joined at the hip,” emphasising Australia’s deep commitment to PNG’s economic progress, stability and long-term development.
McDonald said it was a great honour to join PNG Investment Week, noting that the event demonstrated PNG’s economic promise and the strength of partnerships that underpin stability and growth throughout the Pacific. He also referenced the significance of the opening of the week, marked by the historic appearance of Anthony Albanese and James Marape.
Reaffirming Australia’s long-standing support, McDonald emphasised: “You can count on Australia’s continued presence in PNG to support improved economic progress, security and regional development. Australia’s efforts create lasting benefits for investors, businesses, and communities for future generations.”
He highlighted Australia’s backing of PNG’s IMF-led economic reform programme, stating: “We have provided more than 3.1 billion in budget support to back in the program that Papua New Guinea has embarked on with the International Monetary Fund. The budget deficit has decreased from just over 8 per cent of GDP in 2020, to 1.1 per cent of GDP in the 2026 budget. And there have been major improvements in relation to foreign exchange related challenges.”
Growing Business Confidence and Investment Flow
McDonald noted Australia’s long history of commercial activity in PNG, including the presence of Australian banks since 1910. Along with other major Australian companies, he said these businesses have invested deeply in PNG’s growth and prosperity. Together, they employ an estimated 55,000 people and contribute to skills development across the country.
Investment is accelerating in multiple sectors, with McDonald stating: “Investment is accelerating in key sectors like energy, mining, agriculture, digital services, tourism, and infrastructure. And our bilateral trading relationship continues to grow.”
PNG exports to Australia grew by 56 per cent in value in the last financial year, and he said Australia is ready to help PNG diversify beyond primary commodities.
McDonald also highlighted labour mobility as a major driver of economic opportunity. In the 12 months to October 2025, PNG’s labour mobility numbers grew by 30 per cent—the fastest of any country. Australia is opening new sectors as well, including a pilot programme to recruit PNG early childhood educators.
“There are no caps or country quotas in the PALM scheme,” he added.
Investments in Education and Human Capital
McDonald outlined Australia’s new support for PNG’s education system, saying: “We announced new investments totaling more than AUD150 million in education spanning early childhood through to tertiary education and technical and vocational education and training.”
He said these investments will lay the foundation for the next generation of Papua New Guinean leaders.
He stressed the importance of education for business growth: “For business leaders, this means a growing pipeline of skilled PNG talent and a stable environment for investment which is proof that when we invest in education, we invest in PNG’s future.”
“A healthy population underpins a productive workforce, reduces the burden of preventable disease, and ensures communities can participate fully in economic life. A strong health systems give businesses confidence, knowing that essential services, emergency response capacity and disease surveillance are in place to protect both workers and supply chains,” he added.
Major Infrastructure Projects to Drive Growth
Australia’s infrastructure programme remains the largest in the region, McDonald said. The AIFFP-funded PNG Ports Infrastructure Investment Program is the largest initiative in the AIFFP portfolio, with more than AUD620 million committed to upgrading ports in Kimbe, Oro Bay, Daru, Kavieng and Lae. The Kimbe Port upgrade alone will create about 300 local construction jobs.
On telecommunications, he highlighted critical upcoming investments, noting that Australia is offering three new undersea international cable connections. These are projected to increase internet coverage in PNG by 16 per cent and could add up to PGK3.4 billion to PNG’s GDP by 2028, supporting the country’s ambition of becoming a 200-billion-kina economy by 2030.
The new Pukpuk Mutual Defence Treaty elevates PNG–Australia cooperation to match the trust and strategic weight of the relationship.
On policing, he said: “Major infrastructure projects are underway to house new recruits,” and upgrades at Bomana “will soon allow training for more than 500 recruits each year.”
The Bomana Regional Centre of Excellence is now a flagship for Pacific policing cooperation, hosting training for 11 Pacific nations.
Reflecting on PNG’s 50th independence anniversary, McDonald said the Australian campaign Yumi Stap Wantaim captures a partnership that began long before independence. He recalled Marape’s description of the two nations being “joined at the hip,” and echoed Albanese’s words: “We are mates, we are equals, we are allies.”
“There is no challenge we cannot face. And no opportunity we cannot seize. Side by side and step by step.”
Pacific Lime and Cement Limited has formalised a Project Development Agreement (PDA) with the Papua New Guinea government for its Central Lime and Cement Project, a move officials described as a “sovereign milestone” after more than a decade of planning.
The PDA, initialled by the State Negotiating Team representing the government, was publicly announced by the Hon. Richard Maru, Minister for International Trade and Investment, on Tuesday. The agreement now awaits ratification by the National Executive Council (NEC) and will be formally signed at Government House by PNG Governor General Sir Bob Dadae.
The PDA sets the legal and policy framework for the project under the PNG Mining Act 1992 and Special Economic Zones Authority Act 2019, and finalises a Community Development Agreement initially signed in February 2025. It is legally binding under PNG law and enforceable through international arbitration if necessary.
Key provisions of the agreement include a 13 percent equity stake in each of the project’s two Special Purpose Vehicles — Quicklime and Cement — available to the PNG government, with an option to increase to 18 percent post-commissioning. Valuations reflect discounts recognising the government’s contribution, including fiscal concessions and regulatory support.
Up to eight percent of the government’s equity stake will be allocated to project-area landowners and the Central Provincial Government, funded by the state. Pacific Lime and Cement will provide an additional two percent free-carried equity to local landowners, consistent with prior commitments.
The project has also been granted full Special Economic Zone fiscal treatment, including corporate tax concessions, import duty relief, and contractual stabilisation provisions for the remaining term of the SEZ licence, running until at least 2035.
The PDA contains measures to protect government and landowner equity from dilution, guarantees oversight through open-book governance, and provides for transparent reporting. Any future initial public offering of the Cement SPV will offer at least ten percent of shares to PNG citizens.
The Central Lime and Cement Project has been formally deemed of national significance under PNG law, reflecting its importance to the country’s industrial and infrastructure development.
Managing Director Paul Mulder said: “The PDA reflects a comprehensive alignment between PLC, the PNG Government (at State, Provincial and District levels), and landowner stakeholders. By combining sovereign equity participation, SEZ incentives, and free-carried local equity, the project now stands on firm ground to deliver long-term value to all shareholders and national partners. We are grateful for the trust the Marape-Rosso Government and landowners have in us, and we look forward to progressing one of PNG’s most important industrial developments.”
Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has reaffirmed major reforms and significant project progress in the country’s petroleum sector, announcing that 2026 will be a pivotal year for exploration, licensing and LNG project development.
Speaking at the PNG Investment Summit in Sydney, Maladina said the Marape–Rosso government’s commitments to institutional reform and fiscal policy changes, first announced during the 2024 conference, are now taking shape and positioning PNG as a competitive petroleum investment destination.
Maladina confirmed that the National Petroleum Authority (NPA) has been formally established under the National Petroleum Authority Act 2025, passed by Parliament on 12 March 2025.
The NPA replaces the former Department of Petroleum and Energy and now operates as PNG’s regulator and administrator for the petroleum industry. Its inaugural board was recently appointed by Cabinet and sworn in last month.
Full administrative establishment of the NPA, including an internationally benchmarked organisational structure and systems, is expected to be delivered in the first and second quarters of 2026.
Production Sharing Contract Reforms Progressing
A core element of the government’s petroleum reform agenda is the move to Petroleum Production Sharing Contracts (PSC).
Maladina said the Production Sharing Contract Fiscal Policy White Paper has already been approved by the National Executive Council, and the legislative process will begin in the first quarter of 2026 following consultations now under way with industry. He emphasised that the PSC model offers contractual clarity for investors on cost recovery, profit sharing and government take, and aligns PNG with regional practice. Prime Minister Marape’s position that the state take will be around 55 per cent remains central to the reform.
Maladina assured industry that existing projects with Gas Agreements and fiscal stability provisions will be “grandfathered” under the Oil and Gas Act, and that the NPA will implement PSC arrangements with consistency and discipline.
“The NPA will implement it with consistency and discipline,” he said.
Tackling Licence Warehousing and Introducing Competitive Bid Rounds
Maladina said that when he assumed the role nearly two years ago, licence warehousing was a major issue, restricting entry by credible investors.
To address this, he has moved to a closed and well-managed licensing system through auctions or bid rounds, supported by moratoriums over selected basins to increase acreage value.
The first major initiative is under way in the offshore Gulf of Papua, which is under ministerial reservation. The NPA is now in discussions with vendors and strategic partners to prepare for PNG’s first block bid round in 2026.
Maladina also announced a significant step to advance long-stalled prospects in the Western and Gulf Provinces. On 27 November 2025, he issued a Ministerial Policy Direction under the NPA Act to address fragmented development of marginal and stranded gas fields in the region. He instructed the NPA, Kumul Petroleum Holdings Ltd and all PRL licensees to collaborate in preparing a coordinated development framework.
The NPA will lead this process and report back within six months. This work will produce an Aggregation and Development Plan, which will evolve into a comprehensive Gas Master Plan for PNG, aimed at improving infrastructure efficiency and unlocking value for the state and local communities.
PNG Downstream Processing for Future Developments
Downstream processing is also being positioned as an important component of future development. Maladina said opportunities for marketing, commercialisation and downstream value creation will be captured through the Gas Master Plan. He confirmed that under the Petroleum Sector National Content Policy, the NPA will now take a more active role in institutional, regulatory and legislative processes to support national participation.
Papua LNG Project Update
Providing a detailed update on major petroleum projects, Maladina said the Papua LNG Project is progressing strongly. Joint Marketing has been signed by Kumul Petroleum Holdings, MRDC and TotalEnergies, and the Sales and Marketing Agreement is on track for completion in February 2026.
The Papua LNG Development Forum has commenced and will continue in January and February 2026, while TotalEnergies is advancing financing with significant momentum.
The Conservation and Environment Protection Authority has issued all required environmental permits. On 4 December 2025, TotalEnergies and its joint venture partners submitted full revised licence applications to the NPA, signalling substantial progress in field development planning, costing and implementation. The NPA will now conduct due diligence ahead of licence issuance.
Maladina said the government remains committed to maintaining momentum for a Final Investment Decision (FID) in 2026.
Development Forum preparations for Papua LNG have begun, with the NPA consulting provincial governments, local-level governments and District Development Authorities. High-level consultations will be held in Kerema, capital of Gulf Province, in late January 2026, followed by licence-based landowner meetings along the project footprint.
The process will culminate in a Papua LNG Project Development Agreement between the state, affected provincial and local governments and landowners. Maladina emphasised that under PNG’s laws, no petroleum licence will be granted without both a Development Agreement and environmental permits, and that once licences are issued, developers may proceed to FID.
The Minister also reported steady progress on the P’nyang LNG Project, noting that Papua LNG will anchor the next phase of development, with P’nyang to follow using shared infrastructure and benefiting from stable policy settings that enable scale and cost reductions. In addition, the Pasca A Project is advancing through FEED and is preparing for a possible FID in the third quarter of 2026, marking what would be PNG’s first offshore production and a benchmark for future offshore developments.
Maladina said 2026 will be an important year for PNG’s petroleum sector, with several major exploration wells and investment decisions expected. A deep-water exploration well, Mailu-1, will be drilled in the first quarter of 2026 by TotalEnergies and Petronas. The Papua LNG FID remains targeted for 2026. The Pasca Gas Project’s FEED is expected to conclude next year, with FID anticipated in the third quarter. Progress towards commercialisation of the Stanley Gas Field is also expected in 2026.
Larus Energy and its partners plan to drill the Nanamarope offshore well by the fourth quarter of 2026, while ExxonMobil’s promising Wildebeest Prospect in the onshore Gulf Province is expected to see drilling commitments progress next year.
Maladina said he intends to announce block releases for new bid rounds by the fourth quarter of 2026, following the full establishment of the NPA and enactment of the Production Sharing Contract reform legislation.
In closing, Maladina assured investors that PNG’s fiscal terms will remain attractive and that production sharing reforms will deliver returns comparable with other jurisdictions. He reaffirmed that existing partners remain fully protected under their current fiscal terms and encouraged prospective licence holders to commit to seismic programmes and drilling.
“Our direction is steady. Our reforms are progressing. Our projects are strong. We offer a clear pathway for long-term investment. We welcome partners who value stability, clear regulation and dependable delivery,” he said.
A 1-megawatt Buin Solar Farm was officially launched last Friday in Buin Town, marking a major milestone in Bougainville’s renewable energy journey.
The project, funded by the Government of Japan and implemented through the United Nations Development Programme (UNDP) in partnership with the Autonomous Bougainville Government (ABG), will deliver clean and reliable electricity to homes, schools, hospitals and businesses across Buin and its surrounding communities — reaching nearly 80 percent of the population.
In his welcoming remarks, Chief Albert Nukuitu reflected on the community’s determination to keep Buin powered through difficult years.
“In 2018, we formed Buin Power — a community-driven effort that ran 22 hours a day without government funding,” he said. “These young people gave their lives to serve the community and deserve recognition as Bougainville Power moves forward.”
The solar farm now transforms that legacy into a regionwide power solution, integrating solar panels, battery storage and backup generators to ensure a constant energy supply while cutting fossil fuel dependency.
President Ishmael Toroama, in his keynote address, commended the people of Bougainville for their resilience and unity, describing the solar project as a milestone in the region’s journey towards self-reliance.
“What we have achieved today is not by chance,” he said. “It is through our own hands, our pride and our unity as Bougainvilleans. Peace is here to stay.”
The President expressed gratitude to development partners for their continued collaboration and encouraged communities to take ownership of projects that contribute to Bougainville’s growth.
“We must take ownership of our land, our power and our future,” he said. “When we work together, we strengthen our journey towards independence.”
Japanese Ambassador Hisanobu Mochizuki reaffirmed Japan’s support for Bougainville, describing the project as a reflection of long-standing friendship and cooperation.
“This solar farm will help stimulate the local economy by improving access to clean energy,” the Ambassador said.
He also highlighted Japan’s ongoing assistance to Bougainville, including the construction of 15 coastal bridges, support for the 2019 Bougainville Referendum and the building of new school facilities.
UNDP Resident Representative Nicholas Booth noted that the event coincided with United Nations Day, marking 80 years since the UN Charter came into force and 50 years since Papua New Guinea joined the UN.
“Bougainville once knew the scars of war, but today it stands for peace,” Booth said. “This solar farm represents renewal — linking peace, equality and sustainable development.”
He added that the project will reduce energy costs by up to 50 percent, deliver steady power to essential services and directly benefit more than 200 households.
Chief Secretary Kearnneth Nanei also acknowledged the continued partnership with Japan and UNDP, describing the initiative as a vital step towards Bougainville’s energy independence.
“Bougainville Power will manage generation and distribution across Buin, Arawa and Buka,” he said, adding that upcoming government initiatives — including plans for a new hospital, teachers’ college, market facilities and major road improvements — will also be supported by this project.
The Buin Solar Farm will expand its network to nearby villages and missions, including Piano, Tokaino, Tabago and Kangu, covering a 48-kilometre radius.
Papua New Guinea has renewed its call for fairness, strengthened scientific management, and climate-resilient policies at the Twenty-Second Annual Regular Session of the Western and Central Pacific Fisheries Commission (WCPFC22), held 1 to 5 December in Manila, Philippines.
Addressing ministers, fisheries heads and delegates from across the region, Minister for Fisheries and Marine Resources, Hon. Jelta Wong, reaffirmed PNG’s commitment to sustainable tuna management and the protection of Pacific Island interests under the WCPF Convention.
Minister Wong emphasised PNG’s alignment with fellow Pacific Island countries, highlighting that the region’s globally recognised healthy tuna stocks are the result of “disciplined governance, regional solidarity, and the sacrifices of our people.”
He noted that Pacific nations are pursuing greater value from their fisheries—but always through science-based and sustainable measures.
“The efforts to agree on measures that are sustainable and supported by scientific information have enabled Pacific Island countries to directly benefit from this significant natural resource.”
Upholding Article 30, Protecting Small Island Developing States
PNG’s message was a strong reminder that the Convention’s Article 30 is a legal safeguard for Pacific Island states.
“Our Pacific Island countries’ economies, food security, and livelihoods are deeply tied to tuna and other highly migratory fish stocks. This recognition is not symbolic—it is essential,” he stated.
Wong cautioned that increasing technical and compliance demands within the Commission risk marginalising the very nations Article 30 seeks to protect. To address this, he called on developed members to support a new requirement:
“We further call on this Commission to recognise that climate-driven changes in tuna abundance must not result in a redistribution of benefits away from those who have historically conserved these resources. We urge the Commission to integrate climate resilience into all future conservation and management measures, ensuring that Pacific Island countries are financially and technically equipped to adapt and respond to shifting tuna stocks.
“We further rely on the recent advisory opinions of the International Tribunal for the Law of the Sea and the International Court of Justice, which reaffirm the obligation of States to prevent and mitigate climate harms. The Commission must act in accordance with these principles.
“We now call upon the Commission and our members of developed States to ensure that all new measures adopted by this Commission include a SIDS Special Requirements review clause, which will guarantee that equity is not assumed but assured,” he added.
A Growing Threat to Tuna Stocks and Pacific Economies
The Minister warned that climate change is already reshaping tuna distribution and compromising the economic stability of Pacific Island countries.
“The Pacific did not create the climate crisis, yet we bear its brunt,” he said. “Scientific evidence confirms that climate change is already altering the distribution and productivity of key tuna stocks.”
Wong urged the Commission to ensure that climate-induced shifts in tuna abundance do not result in a loss of benefits for the region. He also highlighted the recent advisory opinions of the International Tribunal for the Law of the Sea and the International Court of Justice, saying they “reaffirm the obligation of States to prevent and mitigate climate harms.”
Backing FFA Proposals: Albacore Management and High Seas Transshipment
PNG offered strong support for two key proposals submitted by the Forum Fisheries Agency (FFA):
South Pacific Albacore Management
Describing it as the product of “many years of rigorous discussions and negotiations,” Wong said the proposal is “supported by factual scientific data, with the collective endorsement of all 17 FFA member countries.”
He appealed for cooperation from developed member states, stressing the profound dependence of Pacific nations on decisions made at WCPFC22.
High Seas Transshipment Reform
The Minister said strengthening high seas transshipment rules is essential for combating illegal, unreported and unregulated (IUU) fishing while boosting port-based economic benefits.
“For PNG and Pacific Island countries, strengthening the high seas transshipment measure is vital. By requiring transshipment in ports, we combat IUU fishing, ensure transparency and accountability, and safeguard our tuna resources,” he said. “At the same time, port-based transshipment drives domestic development—creating jobs, generating revenue, and distributing the economic benefits of our fisheries amongst our communities.”
Wong emphasised that national sovereignty must remain central to regional fisheries governance.
“The sovereign rights of member countries over their waters and resources must not be infringed upon. Regional decisions must further respect and complement national laws and priorities,” he said.
He added that the Pacific is not seeking handouts: “Let us remember: the Pacific is not asking for charity. We are demanding fairness. We are not passive recipients of global decisions—we are active architects of regional solutions.
“May our deliberations be guided by justice, equity, and the spirit of Pacific solidarity.”
WCPFC22 continues in Manila, where member states are negotiating key conservation and management measures that will shape the future of tuna stocks in the world’s largest and most valuable tuna fishery.
KTF (Kokoda Track Foundation) is honoured to welcome Her Excellency the Honourable Sam Mostyn AC, Governor-General of the Commonwealth of Australia, as our new Patron.
“I’m delighted to become Patron of the Kokoda Track Foundation. The friendship between Australia and Papua New Guinea is one of deep history and shared purpose — we are neighbours, partners, and friends. I look forward to sharing KTF’s stories about how they have been working hand in hand with communities across PNG to strengthen education, health, equality, and leadership."
The Governor-General’s patronage of KTF’s work to improve lives, livelihoods, and futures in Papua New Guinea reflects the deep and enduring friendship between Australia and our closest neighbour.
“KTF’s approach reflects perfectly the wonderful spirit of partnership between Australia and Papua New Guinea, because partnership is at the core of everything we do — with the people, communities, and government of Papua New Guinea,” said KTF Chair Ian Kemish AM. “In welcoming the Governor-General as our Patron, and with her deep commitment to supporting Australians and our neighbours alike, we look forward to expanding our impact, working alongside the people of PNG to drive meaningful change.”
KTF CEO Dr. Genevieve Nelson welcomed the appointment with deep appreciation.
“We are delighted and incredibly grateful that Governor-General Mostyn is continuing her longstanding engagement with Papua New Guinea through this role. Since her inspirational address at KTF’s Lt. Col. Ralph Honner Leadership Oration in 2016, Her Excellency has been a steadfast friend to both PNG and KTF.
The Governor-General’s commitment to putting care, kindness, and respect at the centre of her term aligns closely with KTF’s mission to improve lives and build futures through access to education, healthcare, equality, and the development of tomorrow’s leaders.
We look forward to working together to strengthen the bonds between Australia and Papua New Guinea for years to come.”
KTF has spent more than 20 years supporting locally led, long-term change in Papua New Guinea — training teachers and health workers, building and resourcing schools and aid posts, installing solar power, and fostering gender equality and youth leadership across the country. We look forward to working alongside the Governor-General to keep the spirit of Kokoda alive between our nations.
About KTF
KTF (Kokoda Track Foundation) is an international development organisation working alongside people and communities in Papua New Guinea to improve lives, livelihoods, and futures through initiatives in the vital areas of education, health, equality, and leadership. For more than 20 years, we’ve been keeping the friendship between Australia and PNG — and the spirit of Kokoda — alive.
Our team, 86 per cent of whom are Papua New Guinean, works in partnership with communities to identify their needs and strengths, and together we implement programs that achieve long-term change. Our projects aim to train high-quality teachers and community health workers; provide these professionals with mentoring and professional development opportunities; build educational and health infrastructure; fund the ongoing maintenance and resourcing of schools and aid posts; and provide remuneration to teachers and health workers across rural regions.
These initiatives are supported by the installation of solar energy and lighting systems for off-grid households in related communities — powering their success. We also promote equality for all, advocate a zero-tolerance approach to gender-based violence, and promote gender equity among adolescents through the fun of soccer. Looking to the future, we identify and nurture the next generation of leaders among final-year tertiary students from across PNG.
Taking a holistic approach, our work is focused in hubs across the country, including our ‘home’ of Kokoda. We currently deliver programs in Oro, Central, Western, and New Ireland provinces, as well as the National Capital District (NCD).
KTF is a member of the Australian Council for International Development and holds full accreditation with the Australian Department of Foreign Affairs and Trade’s (DFAT) ANCP program. Their high standards for operation are integral to everything we do. We work with a broad range of government, corporate, and philanthropic partners and supporters to deliver real, lasting impact.
The Papua New Guinea Tourism Promotion Authority (TPA) has officially sworn in its new Board members during a ceremony at Kwalimu Haus in Port Moresby, marking a key step in strengthening governance and oversight across the nation’s tourism sector.
The appointments complete TPA’s legal requirements under the TPA Act 1993, ensuring the Authority operates with proper governance and accountability.
The new Board includes ex-officio members such as the Chairman of the Permanent Parliamentary Committee on Tourism, the Head of the Department responsible for Finance and Planning, and the Chief Executive Officer of TPA. Other members represent key segments of the tourism industry, including tour operators, the national airline, hoteliers, tourism attractions, third-level airlines, banks and financial institutions, and the tourism industry association. This diverse composition is designed to ensure broad and balanced representation of the sector.
Speaking at the ceremony, the Minister for Tourism, Arts and Culture, Belden Norman Namah, congratulated the new board members, describing their appointment as timely. “The board’s leadership is vital for building tourism infrastructure, strengthening community participation, and forging a sustainable public-private partnership framework for tourism development in PNG,” he said.
TPA’s Chief Executive Officer, Eric Mossman Uvovo, emphasised the significance of the swearing-in. “This is more than a procedural requirement. It marks a renewed commitment to stronger governance, effective policy implementation, and better collaboration across the tourism sector,” he said.
The newly constituted Board is expected to lead TPA in strengthening tourism governance and oversight, enhancing partnerships with provincial authorities and industry stakeholders, and supporting sustainable tourism development that benefits local communities and businesses.
It will also ensure that policies translate into real, positive outcomes for tourism operators, including SMEs, while promoting Papua New Guinea’s cultural and natural attractions globally.
Papua New Guinea (PNG) marks half a century of independence this year, a journey defined by cultural resilience, political milestones, and the transformation of its resource-driven economy.
From shedding colonial rule in 1975 to emerging as a strategic player in regional diplomacy and climate advocacy, PNG’s story is a tapestry of triumphs and challenges that continue to shape its future. Let’s look at these national milestones set in the last five decades:
From Independence to Global Stage
On 15 September 1975, PNG adopted a home-grown Constitution that enshrined democratic governance, human rights, and cultural preservation.
A day later, on 16 September, the nation won full sovereignty from Australia under the leadership of Grand Chief Sir Michael Somare, its first Prime Minister and a unifying figure among more than 800 language groups.
In 1977, PNG held its inaugural national elections, empowering citizens to shape their own Parliament despite the logistical hurdles of rugged terrain and dispersed communities.
Mere weeks after independence, on 10 October 1975, PNG joined the United Nations (UN), launching its diplomatic presence and amplifying Pacific voices on development, peace, and environmental protection.
Resource Revolution: Mining, Oil & Gas
The late 1970s and 1980s heralded PNG’s first resource boom. The Bougainville mine, operational since 1972, became the country’s leading copper and gold producer, though landowner disputes and civil unrest led to its 1989 closure. In 1984, the Ok Tedi mine opened in Western Province, diversifying PNG’s mineral portfolio.
The 1990s saw a pivot to petroleum with the Kutubu and Gobe oil fields, while the turn of the century brought financial sector reforms: the privatization of Papua New Guinea Banking Corporation and the rise of Bank South Pacific bolstered economic stability.
The 2004 Napa Napa oil refinery near Port Moresby marked PNG’s entry into downstream processing, and initial moves to privatize PNG Power Limited aimed to modernize the national grid.
The PNG LNG Project in 2014 was a watershed moment—ExxonMobil’s multi-billion-dollar investment turned the nation into a major gas exporter.
More recently, the Porgera gold mine reopened in 2023 with majority local ownership, and the Wafi-Golpu copper-gold venture promises another long-term revenue stream.
Governance, Peace, and Social Progress
The late 1980s brought turbulence: the Bougainville Crisis erupted over demands for autonomy and fair resource sharing. Its resolution—the Bougainville Peace Agreement of 2001—granted greater self-rule and set the stage for a future referendum, showcasing PNG’s capacity for peaceful reconciliation.
In the 2000s and 2010s, PNG strengthened its institutions. The Independent Commission Against Corruption (ICAC) was established to tackle graft, while Prime Minister James Marape’s decentralization efforts increased resource allocation to districts and provinces.
Parallel investments in human development soared. Free education policies rolled out in the 2010s improved literacy rates, while expanded healthcare programs bolstered maternal and rural health. These initiatives underscored PNG’s commitment to lifting every citizen.
Climate Leadership and Cultural Renaissance
Facing the frontlines of climate change, PNG has championed regional sustainability. In the 2020s, it emerged as a vocal advocate for biodiversity and green development.
A historic visit by UN Secretary-General António Guterres in 2025 will celebrate PNG’s environmental stewardship and highlight links between conservation and community well-being.
Simultaneously, tourism and cultural identity have taken center stage. Under the Golden Jubilee theme, “Celebrating 50 Years of Tourism – Honouring Our Past, Transforming Our Future,” the Bird of Paradise and Southern Cross adorn the anniversary logo.
Investments in eco-tourism and cultural festivals not only fuel local economies but also honor PNG’s ancestral heritage.
Business Evolution: Diversification Beyond Extractives
While mining and energy have historically driven PNG’s growth, recent decades have spurred diversification:
- Special Economic Zones (SEZ) policy to attract manufacturing, agriculture, fisheries, and tech investments
- The Bank of Papua New Guinea’s Green Finance Centre, funding renewable energy and sustainable agriculture projects
- Regional expansion of conglomerates like Steamships Trading Company and Remington Group into Lae and Mount Hagen
These moves aim to reduce reliance on extractives, create jobs, and foster resilience against commodity price swings.
Regional Diplomacy and Golden Jubilee Celebrations
Earlier this year, New Zealand Prime Minister Christopher Luxon’s visit underscored PNG’s pivotal role in Pacific unity. Strategic partnerships with Australia, China, Japan, and India have deepened through trade agreements, infrastructure projects, and development programs.
The Golden Jubilee itself—branded “Stronger Together, Growing the Future”—features cultural festivals, youth-led innovation challenges, a national prayer day, and global investment forums. Inspired by the biblical Jubilee (Leviticus 25:10), events emphasize renewal, justice, and collective prosperity.
Charting the Next Fifty Years
As PNG commemorates 50 years of independence, its journey offers both inspiration and a roadmap. Democratic institutions have matured, peace has healed old wounds, and economic progress has lifted communities—yet challenges remain. Environmental sustainability, equitable resource sharing, and diversified growth will define PNG’s path forward.
Papua New Guinea at fifty stands as a testament to unity in diversity, a nation forging its destiny with cultural pride and entrepreneurial spirit. The coming decades beckon with promise: a resilient PNG, stronger together, ready to grow its future.
We in PNG Business News congratulate the nation on this landmark anniversary. We are thankful to be a small part of chronicling the country’s strides since 2019, and we join all Papua New Guineans in declaring liberty throughout the land and moving forward with hope. We pray for wisdom, unity, and courage for all as we enter the next 50 years.
Mekim yumi stap wantaim. Mekim yumi go het wantaim -- Let's be together. Let's move forward together.
When Tisa Bank brought in Saamrat Dutta to lead its strategic objectives, it wasn’t just making a hire - it was placing a strategic bet on a leader known for steering transformation even in the most complex environments.
Saamrat carries with him over 25 years of international banking and fintech experience, but what truly sets him apart is his instinctive ability to read situations, adjust course, and rally people around a shared mission. His favorite John Maxwell quote - “The leader adjusts the sails”- isn't just something he references; it is something he lives.
Saamrat’s career has spanned continents and contexts, from the emerging digital payment ecosystems of the UAE to the challenging, high-stakes banking environment of Afghanistan. Everywhere he has worked, he’s built a reputation as a visionary executor- a strategic thinker who doesn’t just craft ideas but has the grit, optimism, and operational discipline to turn them into results.
A Journey Defined by Resilience, Strategy & People
In his recent role as Chief Business Officer at iBnk in Dubai, Saamrat helped shape one of the region’s most disruptive B2B2C embedded finance platforms. Under his leadership, the company saw a 50% surge in marketplace merchant acquisition and significant expansion in both revenue and transaction volume. His ability to build partnerships across the UAE and globally became a key engine for the start-up’s momentum, reinforcing his reputation for bridging traditional finance with cutting-edge fintech models.
Before that, Saamrat spent nearly eight years at Azizi Bank in Afghanistan, where he wore multiple hats - COO, CMO, and Head of Business, Communications, and Financial Institutions. His tenure there is often described as a masterclass in leadership under pressure.
He led the bank through major internal and external challenges, overseeing:
300% deposit growth in five years,
Expansion of international banking relationships,
Regulatory alignment across risk, AML, and operational compliance,
First-of-its-kind CSR initiatives in Afghanistan,
Robust marketing and brand-building strategies that drove double-digit revenue growth.
His dual talent for operational rigor and storytelling—not just in marketing campaigns but also in inspiring teams - made him a central pillar of the bank’s evolution.
Even earlier, as Head of Marketing for Azizi Developments in Dubai, Saamrat demonstrated his ability to scale and energize teams. Leading 25 marketing professionals, he delivered campaigns that improved market acceptance, boosted lead generation, and strengthened the brand’s global presence.
The Leader Behind the Resume
Beyond titles, numbers, and milestones, Saamrat is grounded by his curiosity and his belief in possibility. He has traveled to more than 55 countries, experiences that sharpened his cultural intelligence and taught him the value of listening before leading.
His invitations to speak twice at the United Nations ECOSOC Summit in Geneva—addressing sustainable development goals and leadership empowerment—reflect the depth of thought and global perspective he brings to the table.
Colleagues describe Saamrat as:
Energetic yet composed,
Ambitious yet empathetic,
Analytical yet deeply human in his approach,
A leader who earns loyalty through clarity, integrity, and conviction.
He draws energy from music, strong black coffee, films, and meaningful conversations—reminders that even the most seasoned executives remain students of life.
At Tisa Bank: A New Chapter of Strategic Expansion
In his new mandate at Tisa Bank, Saamrat is responsible for elevating the institution’s corporate and institutional footprint, strengthening the brand’s visibility, and driving digital and strategic transformation across the bank. His KPIs reflect the scale of trust placed in him—portfolio growth, risk management, stakeholder engagement, product innovation, and integrated communications.
But for Saamrat, this role isn’t just about targets. It’s about building something enduring, creating alliances that expand opportunity, and shaping a bank culture that embraces ambition with purpose.
A Simple Mission
Saamrat often sums up his outlook in two words: “Be Amazing.”
Not flawless, not perfect—just relentlessly committed to improvement and impact.
Tisa Bank sees in him exactly that: a leader who doesn’t just chase growth, but designs it- thoughtfully, boldly and with a human touch.
State-owned enterprises, businesses, companies, and key government departments in the nation’s capital have joined a unified campaign to address gender-based violence (GBV) in Papua New Guinea, with the Governor of the National Capital District acknowledging that the government itself has been the major missing link in adequately tackling this crisis.
The Department of Community Development and Religion, in collaboration with the National Capital District Commission, UN Women, the European Union, the Government of Australia, the Government of the United States of America, and development partners, convened a joint press conference on November 25 to commemorate the International Day for the Elimination of Violence Against Women and Girls.
This was part of the 20 Days of Human Rights Activism launched on November 20 in Mt. Hagen, Western Highlands Province.
This year’s global theme, “Unite to End Digital Violence Against All Women and Girls,” focuses on addressing rapidly increasing online and technology-facilitated violence, including cyberbullying, harassment, and non-consensual image sharing.
PNG’s national theme, “It’s My Responsibility – Let’s Work Together to Prevent All Forms of Violence,” links this effort with the country’s 50th Independence Anniversary, emphasizing shared responsibility across all sectors and communities.
The conference highlighted the EVAW and the 16 Days of Activism Against Gender-Based Violence, a global campaign that runs annually from November 25 (International Day for the Elimination of Violence Against Women) to December 10 (Human Rights Day).
Throughout the 16 Days, partners also mark World AIDS Day (December 1), the International Day of Persons with Disabilities (December 3), and other key observances with joint advocacy, digital campaigns, human rights trainings, sign language training, film festivals, and youth-led actions that reinforce the message of dignity, equality, and safety for all.
Hon. Jason Peter, MP and Minister for Community Development and Religion, said: “We join the world in marking the International Day for Ending Violence Against Women and Girls.
Violence against women and girls remains one of our greatest human rights and development challenges, and ending it is both a national priority and a shared responsibility that begins with each of us."
He added that the government, with the strong support of our development partners, NGOs, and community leaders, is taking practical actions to end violence. "On this special day, I call on families, schools, workplaces, men and boys, and leaders at all levels to promote respect, equality, and responsibility as we work together to make our country (PNG) safer and fairer for all women and girls," he said.
Hon. Powes Parkop, MP, Governor of the National Capital District, said: “Let us all stand together to take a stand to end violence against women and girls at home, in the workplace, in public places, and in cyberspace.”
For his part, Mr. Richard Howard, UN Resident Coordinator in PNG, said that violence against women and girls in Papua New Guinea remains a major barrier to equality and development.
"This year’s call to unite to end digital violence against all women and girls reminds us that safety must reach every space, including the online world where many still face abuse and intimidation. Real change needs leadership, accountability, and a shift in attitudes among men and boys. Together with the government, civil society, and partners like Australia, the EU, the Republic of Korea, and the United States, we can support a country where every woman and girl lives with safety and dignity, both online and offline," he said.
Ms. Elizabeth LeBas, Minister Counsellor, Australian High Commission to Papua New Guinea, said that Australia stands side by side with PNG in calling for an end to all forms of violence against women and girls, including online.
"Empowering and ending violence against women and girls is a key priority of the PNG-Australia Partnership – in all that we do and everywhere we work. We recognize that safety is important online and offline. Australia’s Online Safety Act of 2021 and the introduction of a social media ban for under-16s place Australia at the international forefront in the fight against online harm," she said.
LeBas said taht Australia will continue to work with PNG partners to address, respond to, and prevent violence – including gender-based violence (GBV) and sorcery accusation-related violence (SARV) – and empower women and girls through PNG Women Lead and Law and Justice Partnership.
Her Excellency Erika Hasnoz, Ambassador, Delegation of the European Union to PNG, said that the European Union is a strong global defender of the human rights of women and girls and opposes all forms of gender-based violence, including online and technology-facilitated.
"In Papua New Guinea, the EU is funding several programs that empower women and girls. For example, we support GBV referral pathways for survivors, are revitalizing the Village Court System, and develop digital skills for women and girls. This is made possible by the engagement and determination of PNG authorities and all stakeholders," Hasnoz siad.
U.S. Ambassador to Papua New Guinea, Ann Marie Yastishock, said: “The United States takes every opportunity to defend and promote women and girls across the world. Gender-based violence undermines stability and prosperity. When women and girls are safe, nations are stronger, and communities can reach their full potential.”
The Department (DFCDR) and UN Women acknowledged the longstanding leadership and support of the European Union Delegation, the Government of Australia, the Government of the United States of America, NCDC, and the GBV Secretariat in advancing gender equality, strengthening GBV prevention systems, and enabling community-driven change across Papua New Guinea.
The awareness programs were hosted by Hon. Powes Parkop in conjunction with the 20 Days of Activism Against Gender-Based Violence.
Community awareness programs were run by the National District Commission from November 20–30 at different locations across Port Moresby, especially in urban settlements and busy suburbs. The program included free movie screenings, awareness talks, community cleanups, and community mobilization for change.
Governor Parkop Leads as Businesses and Companies Commit to Support and Combat GBV
Governor Parkop, as Chairman of the Permanent Parliamentary Committee on Gender Equality and Women’s Empowerment, secured commitments from administrative heads of SOEs, including Air Niugini, PNG Ports Corporation, and the National Development Bank, alongside representatives from the United Nations and disciplinary forces, to actively join the campaign with the Redvember End Violence Against Women (EVAW) Walk on November 30, 2025.
This program strategically focuses on the active participation of the government in NCD as an essential first step, with all Secretaries of Departments, Chairmen of Boards, CEOs, and MDs of state-owned enterprises and other agencies signing a pledge to take all steps to end GBV in their departments, organizations, and lives.
Governor Parkop said that while the NCD Commission, as the municipal government of Port Moresby, has taken the lead in becoming the gold standard organization with zero tolerance for GBV at the workplace, in communities, and at homes, NCDC alone cannot succeed unless all other government organizations in the city also join NCDC’s efforts.
“The success of the National GBV Response and Prevention Strategy requires all levels of government in the city to take leadership and walk the talk. Otherwise, all our efforts and resources will continue to fail. NCDC and all national government departments and agencies have to take ownership and implement the strategy before we call on our people to follow suit.”
To highlight this commitment, two major awareness events were scheduled:
The Corporate EVAW Walk: Organized by the corporate sector on November 21.
The Whole-of-Government Redvember EVAW Walk: Led by Governor Parkop and involving government departments, state agencies, and SOEs on November 30.
Redvember 2025, ‘A Sea of Red’
Businesses, companies, and government organizations came together in a national stand as part of the 16 Days of Activism on Sunday, November 30, for the Walk to End Violence, especially against women and girls.
Governor Powes Parkop acknowledged the thousands of people who participated in this year’s Redvember Walk, calling the massive turnout a significant moment and a tipping point in the campaign to eliminate violence against women and girls.
The turnout was described as a “sea of red” stretching approximately 1.5 kilometers, temporarily stopping traffic along the Poreporena Freeway for up to two hours from 5 a.m. to 7 a.m.
The day’s program included secretaries and CEOs signing a pledge to take concrete action and integrate the GBV strategy into their corporate plans, codes of ethics, and contracts of employment across all government departments, SOEs, and state agencies.
Governor Parkop specifically acknowledged participation from 23 government departments, Members of Parliament, State Ministers, members of the diplomatic corps, SOEs, agencies of state, and city residents. He also recognized the commitment of the private sector, civil society organizations, and community groups, including Active City, Amazing Port Moresby, and Men of Honor from the Digicel Foundation.
“When government starts to make and take the pledge and walk the talk, that’s when real change starts to happen. This leading action in Port Moresby will create a ripple effect, ultimately contributing to efforts across the country to end GBV and violence against women.”