Tropicair is making significant advancements in its operations with the return of its VIP/Medivac CJ3 jet, fully refurbished and ready for service in late November. This aircraft stands out as the only jet within the Pacific region equipped for medical evacuations, emphasizing its vital role in emergency medical services. Based in Port Moresby, the ...

Great Pacific Gold Corp. is providing a corporate update on its Wild Dog Project, its ongoing diamond drilling program at the Kesar Project and its recently held Annual General Meeting. Highlights GPAC executive team recently visited Kesar and Wild Dog  Kesar Anteruno diamond drilling program progressing well:  ~1,000 meters of drilling c...

Bank of Papua New Guinea (BPNG), on behalf of the Green Finance Centre (GFC), has signed a significant memorandum of understanding (MoU) with the International Finance Corporation (IFC) and the Securities Commission of Papua New Guinea (SCPNG) for establishing the foundations of a thematic bond market in PNG and developing the next version of BPNG’s Inclu...

The Mineral Resources Authority (MRA) on behalf of the National Government on Friday Nov 29, 2024, announced a K500,000 credit (loan) support facility, for the women landowner associations of the Wafi Golpu Mining Project. A dummy cheque for this seed capital funding was presented to Mibank, by the Managing Director of the MRA Jerry Garry in Lae. MiBan...

The Papua New Guinea Immigration and Citizenship Services Authority (ICSA) today signed a milestone Memorandum of Understanding (MOU) with the PNG Tourism Promotion Authority (TPA) on mutual co-operation and data sharing that will enable promotion of the tourism sector and immigration services. The signing formally establishes a genuine partnership bet...

The Bank of Papua New Guinea (BPNG) and the Centre for Excellence in Financial Inclusion (CEFI) successfully hosted its inaugural Financial Inclusion Policy Forum and Excellence Awards on Friday November 22 at the APEC Haus in Port Moresby. Speakers at the forum included Governor of the Bank of Papua New Guinea (BPNG) Ms. Elizabeth Genia, BPNG Assistan...

November is Men's Health Awareness Month, and Santos was again proud to join the global community in commemorating the ‘Movember’ campaign and raising awareness of men's health issues. Dr. Suresh Raghunath, an oncology super-specialist and head of the Pacific International Hospital Oncology Unit, who has extensive experience in diagnosing and treating ...

Rocket and Satellite company SpaceX will be speaking and exhibiting its Starlink satellite subsidiary at the 2024 the at the 2024 PNG Investment Week. PNG’s leading investment event, PNG Investment Week will take place from December 6th to 11th in Sydney Australia, the PNG Investment Week program includes sessions on a range of topics covering the reso...

Ok Tedi Mining Limited (OTML) launched the first and largest front wheel loader, a Cat® 995 Large Wheel Loader (LWL), in Papua New Guinea and the second in the Pacific recently in Tabubil The Cat 995 LWL was purchased earlier this year from Hastings Deering, the Caterpillar equipment dealer, to increase production capacity and meet the growing demands ...

"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...

For investors looking to do business in Papua New Guinea, a key understanding of the various regulations are crucial in informing their business decisions. With this in mind, PNG’s flagship investment promotion event, the 2024 PNG Investment Week has opted to commence its proceedings with a Regulators Forum. To take place on Day 1 of PNG Investment ...

Atlas Steel PNG has broadened its services to meet the needs of the mining sector, eliminating the need for local mines to rely on overseas suppliers for mining support products. The company, which has been Papua New Guinea’s premier steel manufacturer and distributor for 48 years, is now diversifying its offerings beyond its traditional focus on the i...

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...

Tolu Minerals Limited has successfully extended the mineralisation of its Tolukuma gold and silver deposit, announcing strong results from its latest drilling program at the nearby Taula vein system. Located 4.5 kilometers southeast of the existing Tolukuma gold mine, the exploration effort confirmed high-grade gold and silver intersections, opening up...

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...

Prime Minister Hon. James Marape and his ministers of State have recently (19.11.24) met with a business delegation from the United States of America led by US Ambassado to Papua New Guinea, Her Excellency Ann Marie Yastishock. The delegation is headed by Sarah Morgenthau, Special Representative from the Office of Commerce and Business Affairs of the U...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) is pleased to announce that for the first time, the Autonomous Bougainville Government (ABG) will feature at the country’s premier international investment event - the 2024 PNG Investment Week. This will see ABG President Hon. Ishmael Toroama headline a session focused on investment oppo...

For service suppliers looking to do business in Papua New Guinea, a key understanding of the needs of various operations across the country’s business sector, including its dynamic mineral resources and energy sectors, is critical in informing their business strategy for trading with PNG businesses but also in investing in PNG operations and employing Pap...

PNG’s flagship investment promotion event, the 2024 PNG Investment Week held in Sydney in early December, is already tracking for a record attendance, with last year’s record figure of 1,300 delegates already exceeded with a month to go. The event, which takes place from December 6th to 11th in Sydney Australia, will provide a platform for PNG business...

Teachers Savings and Loan Society (TISA), headquartered in Port Moresby, is the largest savings and loan society in Papua New Guinea (PNG) and the South Pacific excluding Australia and New Zealand. Established in 1972, TISA began with a simple yet impactful mission: to provide registered teachers of the Department of Education a safe space to save and ...