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The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) have signed a $100 million policy-based loan to improve governance and accountability across the public sector. The Strengthening Public Sector Management Program is supporting the government’s efforts to enhance fiscal management, improve state-owned enterprise (SOE) governa...

Kumul Petroleum Holdings Limited managing director, Wapu Sonk, today handed over a cheque of K150 million to the State Owned Enterprises Minister Hon. William Duma, as final dividend payment for the year. Mr Sonk said, “This has been a tough year financially for KPHL, we have had to meet our PNG LNG Project JV cash calls associated with the finalisatio...

KPHL’s contractor, China Petroleum Pipeline Engineering, a subsidiary of China National Petroleum Company has begun construction of a Jet A1 fuel import and storage facility at a site adjacent to the Motukea wharf.  Kumul Petroleum Managing Director, Wapu Sonk said, “This facility is part of the commitment we made to the Government and people of PNG ea...

As the New Year opened, a call for unity and compassion for Vanuatu resounded across Papua New Guinea from Port Moresby. The Governor for the National Capital District, Hon. Powes Parkop, announced a charity drive aimed at supporting Port Vila, the sister city of Port Moresby, which was devastated by a 7.3-magnitude earthquake on New Year’s Eve. The...

The European Union (EU) Delegation to Papua New Guinea has launched the Green Diplomacy Week 2024, a three-day event aimed at fostering local partnerships for sustainability, environmental protection, and climate action. Held from December 11 to 13 at the Moresby Arts Theatre, the event highlighted the EU’s global commitment to combating climate change...

The governments of Australia and Papua New Guinea announced on December 12 a team-up with the Australian Rugby League Commission (ARLC) to strengthen ties through rugby league, a sport passionately embraced by both nations.  Stressing its role as the primary security and development partner to Papua New Guinea, Australia pledged to support the establis...

The internal revenue sup-porting Bougainville’s recurrent and development budgets is only at 7 percent and must be raised to over 50 percent to adequately support the Special Re-gion’s autonomous restructure aspirations. Prime Minister Hon. James Marape revealed this recently (11.12.24) in Sydney dur-ing the PNG Investment Week as he asked for greater ...

Prime Minister Hon. James Marape emphasised his government’s strategic focus on building a resilient, inclusive economy as Papua New Guinea approaches its 50th year of independence, as the highly anticipated PNG Investment Week Conference 2024 drew to a close at the Sydney International Convention Centre (ICC Sydney) on Dec. 11. The event, organized by...

The Port Moresby Chamber of Commerce & Industry (POMCCI), in collaboration with Deloitte, hosted the Papua New Guinea 2025 Budget Breakfast, provided key insights into the budget and highlighted its implications for businesses and opportunities for the private sector. The breakfast meeting was held on November 4, at the Hilton Hotel in Port Moresby. ...

Plastic pollution has become a critical global challenge, driven by increasing production and inadequate waste management. Recognizing its urgency, 175 nations adopted the resolution “End Plastic Pollution: Towards an International Legally Binding Instrument” during the United Nations Environment Assembly (UNEA-5.2) in March 2022. This resolution in...

The 2025 National Budget of Papua New Guinea, amounting to K28.357 billion, was presented in Parliament on November 29 by Treasury Minister Ian Ling-Stuckey. The budget focuses on addressing law and order challenges, easing living pressures, reducing the deficit, and fostering economic growth. The budget, K980 million larger than its 2024 counterpart, ...

"How do we align ourselves to meet the Sustainable Development Goals (SDGs) for achieving health for all by 2030, including universal health coverage?" Papua New Guinea’s Minister for Health, Elias Kapavore, asked this during the 24th National Health Conference, as he outlined the progress and challenges in the nation’s health sector.  “We need to s...

The Goilala District Development Authority (DDA) presented a cheque of K600,000 to a Labor Mobility Agency, Soozoogoo Ltd., under the Labor Mobility Scheme aimed at creating employment opportunities for Papua New Guineans in Australia and New Zealand. The program also seeks to empower the district’s youth and improve socio-economic conditions for famil...

As the garment and textile sector in Papua New Guinea (PNG) sees increased local innovation and production, the Women Enterprise Development Centre (WEDC) opened its new office in Port Moresby on November 15 to spur more entrepreneurship in the country. Minister for Commerce and Industry, Hon. Win Bakri Daki, expressed optimism about the future of the ...

The Small and Medium Enterprises Corporation (SMEC) recently signed a Memorandum of Understanding (MOU) with the Kerowagi District Development Authority (KDDA) to deliver entrepreneurship training and business development services in Kerowagi District in the Simbu Province Highlands of Papua New Guinea. The partnership aims to empower local entrepreneu...

Papua New Guinea (PNG) is set for economic recovery in 2024, with projected growth of 3.7%, up from 2.8% in 2023, according to the November 2024 WESTPAC WAILIS PNG Economic Update. This rebound is largely attributed to the resource sector, which continues to underpin the nation’s economy. However, inflationary pressures, a managed depreciation of the k...

Papua New Guinea (PNG) recently completed its Mutual Evaluation review, which began in March 2023 and concluded in September 2024. The Mutual Evaluation Report (MER) was adopted during the Asia Pacific Group (APG) Annual Plenary Meeting in Abu Dhabi, UAE, and published on November 14. To address the report's findings, a Strategic Implementation Plan (S...

The year 2025 marks the 50th anniversary of Papua New Guinea's independence, yet significant gaps remain in the provision of healthcare services across the nation, Prime Minister Hon. James Marape said. Amid the challenges and progress in the country's health sector, Marape emphasised the importance of strengthening primary healthcare as the foundation...