Prime Minister Hon. James Marape announced that Papua New Guinea’s economic outlook is showing significant improvement, driven by stronger growth, low and stable inflation, and a substantial easing of foreign exchange (FX) shortages. “The PNG economy is on a positive trajectory, with inflation persistently remaining below the historical average of 5.5 ...

It is difficult to attract American companies to come and invest in Papua New Guinea (PNG) if they continue to go through the frustrations of establishing themselves in PNG, says The United States (US) Ambassador to PNG, Her Excellency Ann Marie Yastishock. Ambassador Yastishock made this statement today in her meeting with the Minister for International ...

Addressing a diverse audience of analysts, regulators, environmental scientists, and industry professionals during the Geosciences, Exploration, and Extraction (GEE) 2024 Conference, the Mineral Resources Authority (MRA) Managing Director, Jerry Gerry, emphasized the critical importance of sustainable practices in harnessing Papua New Guinea’s rich minera...

Prime Minister Hon. James Marape on Tuesday, August 6, 2024, expressed his gratitude to the outgoing Indian High Commissioner to Papua New Guinea, H.E. Inbasekar Sundaramurthi, for his exceptional contributions during his tenure. Prime Minister Marape acknowledged the progress made in India-PNG relations under High Commissioner Sundaramurthi’s leadersh...

Prime Minister, Hon. James Marape on Tuesday, August 6, 2024, welcomed new Chinese Ambassador to Papua New Guinea, His Excellency Mr Yang Xiaoguang, while commenting on the “great strides” the two countries have made in their bilateral ties in the last five years. Ambassador Yang Xiaoguang paid a courtesy call on the Prime Minister at his office at Sir...

The 2024 Business Regulators Summit co-hosted by the Investment Promotion Authority (IPA) and Department of Information, Communication and Technology (DICT) on July 30 to 31 in Port Moresby drew representatives from businesses, regulators, investors, government agencies, non-government organisations, and the media across Papua New Guinea to Port Moresby f...

The Papua New Guinea Chamber of Resources and Energy (PNG Core) Manger for Policy and Analysis, Gretel Orake, addressed the urgent need for regulatory reform and enhanced capacity within PNG's regulatory bodies during the 2024 Business Regulators Summit held at Stanley's Hotel. Orake highlighted critical areas requiring attention to foster a more condu...

The Minister for International Trade and Investment, Hon. Richard Maru today announced that the National Executive Council (NEC) in its recent Meeting No: 13/2024 approved, in principle, that the Pacific Marine Industrial Zone (PMIZ) in Madang Province will be developed in two phases. “The Phase 1 of the project will be the establishment of a fishing J...

Prime Minister Hon. James Marape on Thursday, August 1, 2024, lauded the Coffee Industry Corporation Ltd (CICL) for its visionary leadership and strategic planning in advancing Papua New Guinea’s coffee industry. The Prime Minister made these remarks while officially opening CICL’s impressive K10.6 million Coffee Exports Office Complex in Lae. Followin...

Prime Minister Hon. James Marape on Friday, August 2, 2024, presented a K50 million Infrastructure Development Grant (IDG) to Wafi-Golpu landowners and the Morobe Provincial Government. He emphasised that this is not “free” money but funds intended for infrastructure projects in the six impacted areas and the province. This grant is part of the Government...

The European Union (EU) and Papua New Guinea (PNG) are deepening their commitment to environmental sustainability with the EU-funded Forestry, Climate Change, and Biodiversity (EU-FCCB) program. Launched in October 2023, this €55-million initiative aims to integrate forest management, climate action, and biodiversity protection into PNG's development s...

The Minister for Fisheries and Marine Resources, Hon. Jelta Wong, revealed that Mr. Noan David Pakop has been appointed as the first Papua New Guinean Director General of the Pacific Islands Forum Fisheries Agency (FFA). Mr. Pakop’s appointment, confirmed by the 23rd Forum Fisheries Committee Ministers in Honiara, Solomon Islands, marks a significant m...

The Secretary of the Department of Lands and Physical Planning, Hon. Benjamin Samson, recently provided a comprehensive overview of the steps taken towards implementing the new Strata Title Laws. The Strata Title Laws will provide significant opportunities for investment and employment, broadening the tax income for state and municipal authorities. ...

Papua New Guinea (PNG) is set to participate at the World Expo 2025 in Osaka, Kansai, Japan, says the Minister for International Trade and Investment, Hon. Richard Maru in the second inter-agency meeting for Osaka Expo. Initially, the Government whilst approving PNG’s participation at the Expo also approved a funding of K5.6 million for PNG’s overall p...

Minister for International Trade and Investment, Hon. Richard Maru is calling on the local investors to invest in the Sea Park Development Project opposite APEC Haus in Port Moresby. Minister Maru made this call today during the groundbreaking ceremony of the phase one of the project- the Azure Residences. The Sea Park Development Project is a K2.2 bil...

The French Ambassador to Papua New Guinea spoke highly of Franco-PNG relations during the French National Day celebrated in Port Moresby on July 14. French National Day or Bastille Day is celebrated worldwide and in Papua New Guinea saw a grand event held at the Marriott Executive Desk venue, presided over by French Ambassador HE Guillaume Lemoine and ...