The Department of Works and Highways (DoWH) marks a half-century of dedicated service to the development of Papua New Guinea's infrastructure and its ongoing commitment to national progress with the launch of its 50th Golden Jubilee logo on March 4. The new Golden Jubilee logo reflects the department’s rich history in line with PNG’s 50th Jubilee Indep...

Papua New Guinea started its countdown for its participation in the Osaka World Expo, which is expected to attract up to 28 million visitors with more than 160 countries already confirming their participation. Prime Minister James Marape commissioned the launch event for PNG and hosted it along with the Minister for International Trade and Investment, ...

In celebration of International Women’s Day 2025, the European Union (EU) has signed two new Human Rights thematic grant contracts to support women’s economic empowerment in Papua New Guinea (PNG). The initiative aligns with the United Nations’ global theme, “For ALL women and girls: Rights. Equality. Empowerment,” which aims to accelerate action towar...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) convened a Beneficial Ownership (BO) Technical Working Group meeting, bringing together key stakeholders to discuss strategies for enhancing BO transparency within the extractive sector. Representatives from the Bank of Papua New Guinea’s Financial Analysis and Supervision Unit (...

The Autonomous Bougainville Government (ABG) has imposed a moratorium on new foreign investments in business sectors reserved exclusively for indigenous Bougainvilleans. This directive, issued under the authority of the Minister for Commerce, Trade, Industry and Economic Development, Hon. Patrick Nisira, is in line with Bougainville Executive Council (...

Prime Minister Hon. James Marape has announced that the National Executive Council (NEC) has approved the National Palm Oil Policy 2025-2030 during its meeting on Monday, 10 March 2025. The Prime Minister commended the Minister for Oil Palm, Hon. Francis Maneke, and the Oil Palm Industry Corporation (OPIC) for their leadership in driving the policy for...

The Papua New Guinea Chamber of Resources & Energy (PNG CORE) successfully hosted a media briefing on Benefit Sharing Agreements in collaboration with ABC International Development - Media Development Initiative, PNG (ABC-MDI) on Friday, March 7, 2025, in Port Moresby. This media briefing provided valuable insights on Benefit Sharing Agreements (BS...

Papua New Guinea’s PNGX Group Limited (“PNGX Group”) and Fiji’s South Pacific Stock Exchange Pte Limited (“SPX”) have together released a Request For Proposal (“RFP”) for an integrated Trading Platform and Central Securities Depository solution for the Pacific stock exchanges. The release of the RFP follows PNGX and SPX entering into a Memorandum of Un...

The Mineral Resources Development Company (MRDC), through its subsidiary Gas Resources PNG LNG Plant Limited, has successfully delivered a K2-million infrastructure project to the Rearea Junior High School, benefiting communities affected by PNG LNG Plant. The project, which took five months to complete, was funded through MRDC’s Community Infrastructu...

Minister for Higher Education, Research, Science, and Technology, Hon. Kinoka Feo, has reaffirmed the government’s commitment to research-driven national development with the launch of the National Research Institute’s (NRI) Corporate Plan 2024-2028 and Revised Strategic Plan 2021-2030 last March 6.   The Corporate Plan is linked to the PNGNRI Strategi...

Sustainable agricultural growth in Papua New Guinea hinges on investing in people rather than just crops, Dr. Eric Omuru, Managing Director and Principal Consultant of E.E. Omuru Limited, said during his plenary keynote at the Central Province Investment Conference (CPIC) 2024. The CPIC was co-hosted by the Central Chamber of Commerce and Industry Inc....

PNG's education sector now offers more opportunities for students to pursue affordable, high-quality tertiary education in their own country with the official opening of the Philippines Christian University (PCU) Papua New Guinea Campus. This University is part of a broader vision of the founder and Director of Waigani Christian College and member for ...

The PNG Chamber of Resources & Energy (PNG CORE), in collaboration with the Mineral Resources Authority (MRA), participated in the 2025 Prospectors & Developers’ Association of Canada (PDAC) convention, held in Toronto, Canada, from March 2-5. PDAC is the world's largest mining conference, attracting over 27,000 delegates and featuring more tha...

Parliament recently (12.03.25) passed two laws for the establishment and operation of the National Petroleum Authority (NPA), a new body that will take over as the regulator of the petroleum sector in the country. The National Petroleum Bill 2025 was voted 84 to 0 into law, while the Oil and Gas Act Amendment Bill 2025 was passed on voices. Both bills ...

Sago Network announces the appointment of Mr Douveri Henao as Patron for the community development organisation which has a focus on improving the health of PNG’s villages through water, sanitation and hygiene programmes. This announcement is made after Mr Henao officially agreed to the 2-year role on 25th February 2025. Sago Network’s board of directo...

The Special Economic Zone (SEZ) of the Konebada Industrial Park project is underway with the establishment of a fabrication and training facility known as the Central Industrial Center, Portion 152. This project is spearheaded by Kumul Petroleum Limited (KPL) and is expected to create thousands of jobs and significantly boost the country’s manufacturin...

The Port Moresby Chamber of Commerce and Industry (POMCCI) and Business Advantage International recently hosted the “Women in Tech Business Breakfast,” part of the lead-up to Innovation PNG 2025. The event showcased a distinguished panel of women excelling in the fields of finance, software development, aviation, and digital transformation.  The eve...

In a significant step toward improving early childhood education in Papua New Guinea, a brand-new Early Library Learning Central has officially opened through the generous support of Lae Biscuit Company Ltd through its charity arm, The Chow Foundation, in partnership with Buk Bilong Pikinini. This initiative aims to provide young children with access t...

Papua New Guinea’s mineral exploration and mining sectors are once again on display at the Prospectors & Developers’ Association of Canada (PDAC) 2025 convention, in Toronto Canada, this week (March 2-5). The PDAC is the world’s premier mineral exploration and mining convention, that attracts about 30, 000 attendess from over 130 countries annually...

Papua New Guinea’s economy is set to continue its strong recovery in 2025, fueled by robust resource exports, a record trade surplus, and solid government spending, according to the latest PNG Westpac Wailis, a quarterly economic update providing in-depth insights into the country’s economy. However, economic challenges remain, including persistent inf...

Papua New Guinea experienced a remarkable year for gold production in 2024, with exports soaring by 14.8% during the first three quarters compared to the same period in 2023. These is according to the latest PNG Westpac Wailis Economic for February 2025 Report. Based on the report, PNG exported 34,200 tonnes of gold, with the export value increasing by...

Global coffee and cocoa prices have soared to record levels, driven by severe supply disruptions and adverse weather conditions in key producing regions, according to the latest Papua New Guinea Westpac Wallis, February 2025 Report. Coffee prices jumped 94% over the past year, with a 13.6% increase in the last month alone. Meanwhile, cocoa prices are 133%...

Westpac is proud to reaffirm its position as a pioneer in financial services across the Pacific by continuing its long-standing partnership with Verifone, a global leader in payment technology. This partnership, established in 2016, underscores Westpac's commitment to delivering innovative and efficient payment solutions to businesses in Papua New Guinea....

Prime Minister Hon. James Marape has issued a strong call to action for Papua New Guinea’s agriculture sector, urging an immediate shift from subsistence farming to commercial agriculture as a means of driving economic growth, job creation, and national self-sufficiency. Speaking after a high-level meeting with agricultural leaders and key stakeholders...