Westpac remains committed to supporting both graduates and employees new to the banking industry by providing opportunities to build essential banking knowledge. As part of this, ten staff members from various functions recently earned their Fundamentals of Banking certification from the Institute of Banking and Business Management (IBBM). The program pro...

In an increasingly digital world, cyber security has become a top priority for businesses, especially in the banking sector, where protecting customer data and financial transactions is paramount. As cyber threats continue to evolve, it is crucial for banks to invest in the right skills and technologies to safeguard operations and maintain customer trust ...

KPHL has just this month started gathering seismic data in its Barikewa petroleum retention licence in Gulf Province. Kumul Petroleum Managing Director, Wapu Sonk explained, “Our contractor, OM Holdings Limited or OilMin, has for the last few months been engaged in landowner engagement, building camps, helipads and bridging, drilling holes for explosiv...

Prime Minister Hon. James Marape has issued a strong call for urgent reforms in Papua New Guinea’s State-Owned Enterprises (SOEs), emphasising the need for greater efficiency, self-sustainability, and improved service delivery. He made these remarks following a high-level meeting with State Enterprises Minister Hon. William Duma, Kumul Consolidated Holdin...

Prime Minister Hon. James Marape has welcomed Papua New Guinea’s official membership in the Council of Palm Oil Producing Countries (CPOPC), marking a historic milestone for the nation’s oil palm industry. PNG joins Indonesia, Malaysia, and Honduras as the fourth member of the global palm oil organisation, strengthening the country’s position in internati...

A high-level meeting was held recently in Port Moresby between Prime Minister Hon. James Marape, Morobe Provincial MP Hon. Luther Wenge, and Chairman of the State Negotiating Team (SNT), Dairi Vele, to discuss the progress of the Wafi-Golpu Project. The Government reaffirmed its commitment to ensuring that the project proceeds in a manner that delivers ma...

Prime Minister Hon. James Marape has reaffirmed the strong and enduring relationship between Papua New Guinea and Australia during a series of successful meetings in Sydney. Prime Minister Marape paid a courtesy visit to the Australian Governor-General, Her Excellency the Honourable Ms. Sam Mostyn AC, where they engaged in discussions on the deep histo...

On the afternoon of Friday, 21 February, 2025, Prime Minister Hon. James Marape held key discussions with Chairman of the Australian Rugby League Commission Peter V’landys in Sydney, Australia. This is part of a brief visit by Prime Minister Marape to Australia that is focused on reflecting upon PNG-Australia relations that go back to PNG Independence ...

PNG Ports Corporation (PNG Ports), the dominant port operator and marine pilotage leader in Papua New Guinea, has raised the standard of PNG’s pilotage services following a programme of LNG tanker training undertaken in Port Moresby and Brisbane. Theoretical, practical, and simulator training finessed the skillsets of six of PNG Ports’ most experienced pi...

Ten (10) university students are the elated recipients of Ok Tedi Mining Limited’s (OTML) 2025 Undergraduate Scholarship Scheme totalling over K300,000. The students who are in their third year of studies are studying various courses. Of the ten students, one is studying Human Resources Management at the University of Papua New Guinea (UPNG); while sev...

Averages over 70% (Asia-Oceania & Oceania-Asia) and 80% (Asia-North America West Coast) On-Time Performance based on 12-month data from Sea-Intelligence Swire Shipping, a leading shipping company in the Asia-Pacific, reaffirmed its commitment to the region as the most reliable carrier in Asia-Oceania and on the Asia to North America West Coast (NAW...

Conveniently located in the central business area, the new premise will enable Swire Shipping to be closer to its customers, partners and the community Swire Shipping has announced its move to a new office location in the central business area, at Gordons Business Centre, commemorating this milestone with a celebration attended by over 70 guests compri...

Papua New Guinea has looked towards ambitious development goals with Vision 2050 aimed to transform the country with the construction industry playing a pivotal role. These include billions of kina invested annually in infrastructure across the country, thus the stakes are too high for business-as-usual for government agencies, private sector clients, ...

The long-standing dispute over the Kutubu Petroleum Development License 2 (PDL 2) benefit-sharing structure has reached a critical point, with landowners issuing a 14-day ultimatum to the national government to reinstate the original benefit-sharing arrangement. In response, the Minister for Petroleum, Hon. Jimmy Maladina, assured all parties that the ...

Huris, Manmantinut in New Ireland Province is the final resting place of Papua New Guinea’s last living founding father, the late Right Sir Julius Chan, who was buried on Thursday, February 7. Amid news of his passing, leaders from across the country expressed their admiration and gratitude for Sir Julius Chan’s immense contributions during the ‘Nation...

The Community Development Agreement (CDA) for the Central Cement and Lime (CCL) Project located in the Hiri-Koiari District of Central Province was initialed on February 6, in Port Moresby, the parties involved said in a statement. A CDA is a government process and is basically a mine-derived benefits package, negotiated between concerned parties in an...

Cricket Papua New Guinea’s (CPNG) national teams, the Barramundis and Lewas, alongside CEO Richard Done, coaching staff, and CPNG employees, proudly joined the NCD 50th Anniversary Celebration Launch and Walk in Port Moresby. Their participation highlighted the role of sports in uniting communities and shaping PNG’s history over the past five decades. ...

Prime Minister Hon. James Marape has provided assurances on the K1.4 billion (approximately A$580 million) loan from the Australian Government, stating that it is well within Papua New Guinea’s 2024 Budget framework and does not increase the country’s debt burden beyond planned fiscal targets. Speaking at the NASFUND FM100 Talkback Show launch, PM Mara...

Prime Minister Hon. James Marape has reaffirmed his administration’s unwavering commitment to strengthening the Independent Commission Against Corruption (ICAC) as a key pillar in the fight against corruption. The Prime Minister emphasised that ICAC will be fully empowered with the necessary resources, legal backing, and institutional support to fulfill i...

Mayur Resources Limited is pleased to announce the execution of definitive agreements with Pacific Unison Holdings Limited  for the construction and operation of the Orokolo Bay Industrial Sands Project, located in Gulf Province, Papua New Guinea. The execution of these agreements follows the previously announced terms sheet signed in December 20241 an...

“There will be no riverine disposal by the Frieda River Copper-Gold Project (FRCGP).” This clarification comes from Phil McCormack, Project Director of Frieda River Limited (FRL), a part of PanAust Limited. Phil made the clarification to help the public understand the design of the proposed copper-gold development. “Frieda River Copper-Gold Project ...

Steamships Trading Company (Steamships) and Laba Holdings Limited (Laba) are pleased to announce the formal establishment of Hebamo Transport Limited (HTL), a dedicated landside logistics company specialising in project cargo and heavy transport. This milestone follows 14 months of collaboration since the signing of a Memorandum of Understanding (MOU) ...

The recent announcements of significant resource development projects in Papua New Guinea are promising for the nation’s economic future. However, the success of these projects—and the prosperity of PNG businesses—relies on a healthy, productive workforce. While foreign investors and project operators are required to employ local workers, only PNG busines...

The PNG Chamber of Resources & Energy (PNG CORE) has made a contribution to Efogi Adventist Primary School to help enhance students' educational experience. The donation, handed over on Monday, February 10, 2025, includes books such as "The Crocodile Prize," "Hunting for Minerals and Oil," "It's a Gold Mine," and guides on starting a business for b...