Prime Minister Hon. James Marape has emphasised that the new casino operations in Port Moresby will be strictly regulated to benefit Papua New Guinea’s economy while safeguarding the welfare of its citizens. Addressing concerns over the recently launched Paga Hill Special Economic Zone (SEZ) Satellite Casino, Prime Minister Marape clarified that this c...

Port Moresby is set to become the heart of Papua New Guinea’s next wave of development and modernisation, with an eye on the booming Asian market, as declared by Prime Minister Hon. James Marape on Friday, October 11, 2024. Speaking at the groundbreaking ceremony for the Paga Hill Special Economic Zone (SEZ) Satellite Casino, Prime Minister Marape emphasi...

A joint understanding has been reached between the Governments of Bougainville and Papua New Guinea to broaden the role of the recently appointed independent moderator, Sir Jerry Mateparae. In a ministerial statement delivered in the Bougainville House of Representatives last week, ABG Attorney General and Minister for Bougainville Independence Mission...

Steamships was proud to break ground on Portside Business Park, its new large scale mixed-use development which is managed by its property division, Pacific Palms Property. The ceremony was attended by the Deputy Prime Minister and Minster for Lands Hon. John Rosso MP and Hon. Dadi Toka Jnr, NCD Deputy Governor and Chairman of the Motu Koita Assembly alon...

Papua New Guinea’s new Mining Minister, Hon. Wake Goi, was sworn in on September 25 at Government House in Port Moresby. Hon. Goi took over the role from Prime Minister James Marape, who had been filling in as mining chief. Marape expressed confidence in Goi's experience and qualifications as the Member of Parliament for the Jimi electorate in Jiwaka P...

The central goal of the Papua New Guinea (PNG) National Energy Authority (NEA) Corporate Plan 2023-2024 is to promote access to affordable, reliable, and sustainable energy services, which are crucial for economic growth and community prosperity. A key focus is extending electricity access to 70 percent of PNG’s population by 2030 and achieving univers...

The Papua New Guinea Tourism Promotion Authority (PNGTPA) has officially partnered with the Jimi District Development Authority (JDDA) in Jiwaka Province to enhance local tourism and promote local culture on a global stage. This was formalised through a Memorandum of Understanding (MOU) signed on October 11 at the Ela Beach Hotel in Port Moresby. PN...

iPi Group’s purified 600ml water also known as “Tenkyu.wara,” is now available for purchase at Tango Supermarket, Tokarara, Port Moresby. Tenkyu.wara and the Tenkyu. initiative aims to promote not only healthy drinking water but also to engage clients and other business entities in a meaningful corporate social effort that empowers Papua New Guineans. ...

The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) has called for ongoing dialogue and greater collaboration among all stakeholders in the alluvial mining industry. PNGEITI emphasised that cooperation is essential to address key challenges within the sector, including non-compliance, under-reporting of mineral production, and env...

The Head of the Japan International Cooperation Agency (JICA) in Papua New Guinea (PNG), Matsuoka Hideaki, has urged the PNG government and its implementing agencies to maintain strong leadership, foster continued cooperation, and ensure that arrangements with donor agencies like JICA are upheld. This is essential to maximise the benefits derived from the...

The Aropa Airport upgrade project is set to move forward following the recent contract signing between the National Airports Corporation (NAC) and China Railway Construction Group Ltd (CRCG Ltd). The signing was witnessed by Autonomous Bougainville Government (ABG) President, His Excellency Ishmael Toroama, and the National Minister for Civil Aviation,...

The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) have agreed on a timebound action plan to accelerate the implementation and enhance the performance of ADB-financed projects, following discussions at the 2024 Country Portfolio Review Mission Roundtable Meeting. The hybrid meeting, co-chaired by ADB Country Director for PNG,...

Ok Tedi Mining Limited (OTML) is celebrating its 40th anniversary of operation, marking four decades of resilience and excellence in the mining industry in Papua New Guinea. Starting in August 1984 as a gold mining operation by Broken Hill Property Limited (BHP), OTML transitioned to a copper-gold mine in 1987. From 2015 to present, OTML is a fully 100...

The Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia addressed recent significant legislative changes to the Central Banking Act during the recent September 2024 Monetary Policy Statement presentation at the Royal Papua Yacht Club. The amendments, passed by Parliament in September, pave the way for the establishment of a new Monetary Policy Com...

Bank of Papua New Guinea (BPNG) Governor Elizabeth Genia recently outlined the September 2024 Monetary Policy Statement, amid the ongoing economic challenges and the central bank's strategies to stabilize the nation's economy. The presentation took place on October 7th at the Royal Papua Yacht Club in Port Moresby. Reflecting on the previous March M...

Abau District Member of Parliament, Sir Puka Temu, has urged the Papua New Guinea (PNG) government to adopt e-health solutions to overcome the healthcare challenges posed by the country's remote geography. Speaking at the launch of the pilot Waste-Zone Project at Kupiano Health Centre, Central Province, Sir Temu emphasized the need for digital infrastr...

Miss PNG Tyla Singirok, the inaugural Miss Bird of Paradise PNG, has been officially named the Ambassador of PNG Tourism following the signing of a Memorandum of Agreement (MOA) on September 27th at Apec Haus, Port Moresby. As part of her new role, Singirok will promote PNG’s cultural heritage and natural beauty both locally and internationally. Thi...

Resource development remains central to Papua New Guinea's (PNG) economic growth, and as the global shift toward greener energy continues, liquefied natural gas (LNG) is seen as a key transition fuel. During a media briefing on September 30th, Kumul Petroleum Holdings Limited Managing Director Wapu Sonk emphasized that PNG is ready to welcome investors...

The National Government, through the Ministry of International Trade and Investment, the Madang Provincial Government, and RD Corporation, have reached an agreement to initiate immediate feasibility studies for the proposed Madang Integrated Special Economic Zone (SEZ) in Vidar, Madang. In discussions recently concluded at the RD Corporation Headquarte...

Santos has announced the signing of a mid-term LNG supply contract with TotalEnergies Gas & Power Asia Private Limited (TotalEnergies). The contract entails the supply of 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum, over a period of three years plus one quarter. The contract will commence in Q4 2025, with LNG being su...

Prime Minister Hon. James Marape recently delivered a stirring call to action, urging all Papua New Guineans to work relentlessly over the next 20 years, starting in 2025, to transform the nation into a high-income economy and shift from being an exporter of raw resources to a manufacturer. Speaking upon his return from the 79th United Nations General ...

Prime Minister Hon. James Marape has underscored the urgency of finalising the Mine Development Contract (MDC) and issuing the Special Mining Lease (SML) for the Wafi-Golpu Mine in Morobe Province, stressing that time is running out to get this critical project off the ground. During a high-level meeting with the State Negotiating Team, Joint Venture P...

In support of small and medium enterprises (SMEs) in the tourism sector, the PNG Tourism Promotion Authority and the Ministry of Tourism, Art and Culture officially launched the Tourism Business Incubation Center on September 27th in Port Moresby. Key figures, including the Minister for Tourism, Arts, and Culture, Hon. Belden Namah, TPA CEO Eric Mossma...

As the capital city, Port Moresby has the potential to become a leading tourism hub, which the Governor for the Nation’s Capital, Governor Powes Parkop, described as the "Gateway to Papua New Guinea." He emphasized that this city is the first stop for tourists before they explore other provinces, making it a vital part of the national tourism strategy....