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Papua New Guinea Customs Service increased revenue collections by 42% year on year to K1.48 billion in the latest reporting quarter, Prime Minister James Marape said, citing continued trade activity despite global economic uncertainties.
Marape announced the results at a Budget Management Committee meeting at Melanesian Haus in Waigani, attended by Finance Minister Thomas Opa, Customs Chief Commissioner David Towe and senior Treasury and Finance officials.
Customs collections are tracking at about 80% of the revised K4.9 billion annual revenue projection under the 2026 Supplementary Budget,
Prime Minister James Marape has commended K92 Mining Limited for its latest tax instalment payment of K230.9 million to the Internal Revenue Commission, describing the company’s Kainantu Gold Mine in Eastern Highlands Province as an example of responsible and transparent mining operations.
Marape said the payment demonstrated the contribution a well-managed, mid-sized mining operation could make to government revenue, economic development and the welfare of Papua New Guineans.
He welcomed the company’s indication that its total tax contributions to the State were expected to exce
Papua New Guinea’s US$14.5 billion Papua LNG project is on track to reach a Final Investment Decision (FID) by December 15, 2026, with progress on the development drawing increased international interest in the country’s resources sector.
PNG Chamber of Resources and Energy (PNGCORE) President and PNG Investment Week Convenor Anthony Smaré congratulated the Marape-Rosso government, provincial leaders and project partners for advancing the project towards the investment milestone.
Smaré credited Prime Minister James Marape, Petroleum Minister Jimmy Maladina, the Stat
Papua New Guinea needs to develop new electricity generation projects to maximise the benefits of a K350 million upgrade to the Ramu Grid transmission network, according to Minister responsible for PNG Power Ltd. Richard Maru.
The 132-kilovolt Ramu Transmission System Reinforcement Project was commissioned at the Taraka Substation in Lae, Morobe Province, on Oct. 9, completing a major component of a K1.9 billion investment in the country’s transmission infrastructure.
Maru said the upgraded network would improve the system’s capacity to carry electricity, but its benefits would d
Cocoa farmers in New Ireland Province can now sell their produce locally for K1,360 per bag following the opening of a new buying depot in Kavieng, which began operations with an initial purchase of 70 bags.
New Ireland Governor Byron Chan officially opened the facility at the Rabaul Metal Industries (RMI) trading area along Power Road on October 27. The buying price matches the rate offered in Kokopo, East New Britain.
The depot is a partnership between the New Ireland Provincial Government, through its business arm, the New Ireland Development Corporation (NIDC), RMI and Agmark Agro Ltd. I
Telikom Ltd. has secured a K27.2 million grant from the Australian Infrastructure Financing Facility for the Pacific (AIFFP) to modernize its internal business systems and strengthen its capacity to deliver digital services across Papua New Guinea.
The grant agreement was signed at Telikom Rumana in Port Moresby on Monday, October 12, as the state-owned telecommunications provider advances its digital transformation program.
Telikom said the funding would support improvements to its business systems and operations, helping the company become more efficient and better equipped to meet custome
Papua New Guinea’s vast tourism potential could be further unlocked through improved aviation connectivity, with locally owned aviation company Heli Niugini positioning helicopter services as an important link between visitors and some of the country’s most remote and spectacular destinations.
With more than 40 years of operational experience, Heli Niugini is looking to expand its involvement in the tourism industry by exploring dedicated helicopter tourism products, scenic flights, historical tours, adventure tourism and private charter services.
The company highlighted these op
Editor’s Note: In this issue, Michael McWalter, former Director of the Petroleum Division and Adviser to the Government of Papua New Guinea, and erstwhile petroleum adviser to the Governments of Ghana, Liberia, Cambodia, Sao Tome, and South Sudan writes about Liquefied Natural Gas. He is a certified petroleum geologist, and technical specialist in upstream petroleum industry regulation, administration, and institutional development. 

Natural Gas 

Many people in Papua New Guinea will have heard of LNG, but how many of us know exactly what it is?&nbs
Hastings Deering PNG showcased its long-standing commitment to Papua New Guinea's resources sector at this year's event, while highlighting the important role skills development and local capability continue to play in supporting the nation's growth.

A key highlight for Hastings Deering PNG was an exclusive visit from Prime Minister James Marape ahead of the official opening of the exhibition.

During his tour, Prime Minister Marape visited the Hastings Deering PNG stand. Accompanied by government ministers, industry representatives and members of the m
Digital trust must become a priority as Papua New Guinea advances its digital transformation agenda, with businesses and government institutions needing to ensure that the systems they develop are reliable, secure and capable of protecting people's information.
NuiPay Chief Technology Officer and Co-Founder Jason Kurdzinski said the success of digital transformation would ultimately depend on whether people could trust the systems they use.
Speaking at the AI Data 2026 conference on October 23, where NuiPay was the title sponsor, Kurdzinski said digital systems would not earn public conf