Prime Minister James Marape and Bougainville President Ishmael Toroama have agreed to convene a Joint Supervisory Body Meeting early this year in Bougainville. The two leaders met recently in Port Moresby to discuss matters about the Ratification, Intergovernmental Funding arrangements, and other matters concerning the development and political future ...

This year's two primary tasks for the Autonomous Bougainville Government are progressing Bougainville’s Independence Mission and reopening the Panguna Mine. Bougainville President Ishmael Toroama said that 98 percent of Bougainvillean’s desire for an independent sovereign state of Bougainville is firmly established by the results of the 2019 Bougainvil...

After over 20 years of failure, the Government of Papua New Guinea (PNG) has learnt from the mistakes of the past and is ready to kickoff Special Economic Zones (SEZs) in a big way starting this year, says the Minister for International Trade and Investment, Hon. Richard Maru. “Our first two Special Economic Zones were Malahang in Morobe Province and U...

The announcement of the partnership by Radisson Blu and Paga Hill development company today to build an international Radisson Blu branded hotel at Paga Hill Special Economic Zone (SEZ) marks the start of transformation of Paga Hill, says the Minister for International Trade and Investment, Hon. Richard Maru. “Radisson Blu is the largest hotel chain in...

Any major government policy reforms in the mineral resources and energy space in Papua New Guinea, will be done in consultation with industry. This was the assurance by Minister for Petroleum & Energy, Hon. Kerenga Kua, when presenting at the recent 2023 PNG Resources & Industry Investment Conference. Minister Kua reassured those present that t...

Prime Minister Hon. James Marape has called on all public servants to take inspiration from the Medium-Term Development Plan (MTDP) IV 2023-2027 to contribute to Papua New Guinea’s path to greatness. Addressing thousands of public servants on Friday, January 5, 2024, at the Sir John Guise Indoor Stadium and via livestream, Prime Minister Marape emphasi...

In the aftermath of widespread rioting and looting in Port Moresby, Prime Minister Marape announced a 14-day State-of-Emergency (SoE) in the National Capital District. The announcement came as a response to the unrest, and four high-ranking officials—Police Commissioner David Manning, Finance Secretary Sam Penias, Treasury Secretary Andrew Oaeke, and Pers...

In the aftermath of riots and looting in Port Moresby, Prime Minister Hon. James Marape has issued a heartfelt appeal to all Papua New Guineans, urging them to prioritise peace and normalcy. The Prime Minister expressed his deep concern for the unnecessary incidents that occurred. During a press conference held at Sir Manasupe Haus in Port Moresby, Pri...

The Papua New Guinea Investment Promotion Authority (IPA) as the investment promotion arm of Government and business regulator, has condemned the senseless attacks on business houses in Port Moresby and other centers around the country following the looting and burning down of shops and warehouses by the public whilst taking advantage of the stand down by...

Representatives for the Mineral Resources Development Company (MRDC) and an ExxonMobil subsidiary signed a Jet Fuel Technical Services Agreement on the sidelines of the 2023 Papua New Guinea Resources & Energy Investment Conference this week in Sydney. Augustine Mano, MRDC Managing Director and CEO, said this signing unlocks the ability for MRDC to...

Policy reforms that strengthen legal frameworks will help Papua New Guinea (PNG) boost nontax revenues, says the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM).. “Subdued economic growth of 2% in 2023 is largely due to foreign exchange shortages, 20%–30% lower sales in various sectors, and a weakened contribution to g...

The Pacific economy is projected to continue expanding in 2023–2024, but supporting further growth requires additional government resources, according to the latest issue of the Asian Development Bank’s (ADB) Pacific Economic Monitor (PEM). Growth for the Pacific is forecast to be 3.5% in 2023 and 2.9% in 2024. Tourism-dependent economies including Fij...

Prime Minister Hon. James Marape praised the dedication and efforts of the 300 contractors involved in the Government’s flagship ‘Connect PNG’ programme for generating employment opportunities for 30,000 individuals, including women, throughout Papua New Guinea. The Prime Minister conveyed his appreciation during the Department of Works and Highways’ C...

Prime Minister Hon. James Marape says the Government’s ‘Connect PNG’ programme will open up Papua New Guinea “like never before” by leveraging unprecedented resource developments. The Prime Minister outlined his vision during the Department of Works and Highways’ Christmas party in Port Moresby recently. “The next 17 years to 2040 will see us building,...

Prime Minister Hon. James Marape has outlined a bold vision for Papua New Guinea’s economic future in an address to the independent Australian think tank Lowy Institute.  He predicts a substantial surge in the country’s economy over the next decade, propelled by six major resource projects. The Prime Minister anticipates a remarkable milestone, reaching a...

Prime Minister Hon. James Marape reaffirmed the substantial progress made by Papua New Guinea since his inaugural address at the Lowy Institute in Sydney, Australia, in July 2019. Addressing the Lowy Institute on Monday, December 11, 2023, Prime Minister Marape outlined significant achievements and acknowledged persisting challenges that require attent...