Minister for International Trade and Investment Hon. Richard Maru said Australia must refocus and align their priorities to Papua New Guinea’s preferences. He was referring to the Papua New Guinea - Australia Comprehensive Strategic and Economic Partnership, specifically the Pillar 3- Economic Partnership for Prosperity. Minister Maru said this in his ...

Photo: Hon Justin Tkatchenko & Korean ambassador to PNG, KANG Ho-jeung Foreign Affairs Minister, Justin Tkatchenko has announced the proposed plans for South Korean investments which will include the re-establishment of the Korean International Corporation Agency (KOICA) and establishment of the Ocean and Fisheries Corporation Centre (OFCC) in Port...

The well established and enduring relationship between Papua New Guinea and Australia was highly acknowledged by the Australian Minister of International Development and the Pacific, Hon. Pat Conroy during the introduction and launching of PNG Ports latest K2.2 million customized pilot boat project at Port Moresby's Fairfax harbour waterfront recently. ...

Photo credit: Tourism Promotion Authority Papua New Guinea officially opened its borders to international visitors on the 1st July 2022, and visitor arrivals from January to August 2022 show that the country has received 37,537 visitors – 2,182 of these visitors were here on holiday.  Obtaining a tourist visa remains a challenge for bona fide touris...

The PNG Chamber of Mines & Petroleum will host its 16th Mining and Petroleum Investment Conference at the Hilton Hotel in Sydney from the 5th-7th of December 2022. The theme of this year’s conference is: “PNG Resources: “Securing the next wave of responsible investment”.    The Conference draws over 1000 delegates from the global hydrocarbon, miner...

Photo credit: PM James Marape News Page Prime Minister Hon. James Marape says the Government is investing in key infrastructure development such as the K125.7 million Kavieng Airport Development. He said this on Thursday, November 3, 2022, when opening the project which he launched in June 2020, built through the Asian Development Bank (ADB)-funded ...

Photo: Keith Scott, the British High Commissioner to PNG The British Government, as a significant partner, wants to help Papua New Guinea access its natural resources, especially agriculture, according to British High Commissioner Keith Scott. Scott visited Goroka to see coffee production along with Dr. Ruth Wiseman, director of Oceania, South-East ...

Photo credit: Papua New Guinea Today Mark T. Robinson has been named group chief executive officer of Bank of South Pacific Financial Group Limited. With over 30 years of experience in establishing, developing, and emerging economies, Mr. Robinson is a senior financial services executive and a seasoned banking Chief Executive Officer. Mr. Robinso...

Photo credit: Post Courier The American Embassy in Port Moresby has called on the Ministry of International Trade and Investment expressing their strong interest to work with the Ministry to bring in more foreign direct investments from the United States to Papua New Guinea. American Embassy in Port Moresby Charge d'Affaires Joseph Zadrozny stated t...

Papua New Guinea faces competition for technical workforce as the government pushes ahead with projects in the mining, petroleum and gas resource sector in 2023 onwards. Projects like Wafi-Golpu, Papua LNG, Porgera, and P'nyang are some of the ones that are likely to get off the ground, according to Richard Kassman, Senior Vice President of the PNG Cha...

The recent PNG Industrial and Mining Resource Exhibition and Conference that was held in Port Moresby recently for two consecutive days had a positive turnout by exhibitors as well as representatives and attendees from different companies and businesses in the industrial & mining sector when they showcased their various products and services to potent...

The Office of PNG Cooperatives Society were recently presented a cheque of K100,000 by Minister for Commerce and Industry and MP for Sohe in Oro Province Hon. Henry Jons Amuli on behalf of his Sohe District Development Authority to be presented to Oro Kaiva Coffee Growers Cooperatives (OKCGC). During the presentation Hon. Henry Jons Amuli said Building...

Photo credit: Paga Hill Estate Large scale Cocoa farming is not something that is familiar in the highlands region of Papua New Guinea but the Chimbu Province in the highlands region is breaking barriers by engaging in large scale Cocoa farming for commercial purposes. For many this may sound peculiar because we have never heard of Cocoa being farme...

Photo credit: Duffy Coffee Port Moresby based premium coffee shop Duffy PNG a subsidiary and business arm of Pacific Industries Ltd is currently embracing a potential shift into China's consumer market. China is the world's biggest consumer market and a surge in coffee consumers in China has made way and provided an avenue for Duffy PNG to make an entr...

Photo: Sergei Mossine The emergence and expansion of the Vitis Industries is the story of a husband and wife's sheer hard work that has turned a small alcohol brewing company into an agriculture, manufacturing, and retail giant in Papua New Guinea. Vitis industries is a family business owned by Sergei Mossine, his wife Vikki and their four children. ...

The third EU-PNG business, trade and investment Conference is a demonstration of the European Union’s commitment to strengthen business, trade and investment ties between PNG, member states of the EU-Pacific Economic Partnership Agreement (EPA) and the Asia, Pacific region as a whole. This year’s edition attracted more than 700 participants from both the ...

Photo credit: PNG Chamber of Mines and Petroleum The 16th PNG Mining and Petroleum Conference, to be held in Sydney in December, looks set to be sold out in the next 3 weeks with over half of the 1300 seats already snapped up with over a month to go until the Conference, amid a wave of interest from international investors,  said PNG Chamber of Mines a...

The New Porgera Limited now stands as the guiding platform to ensure proper governance and transparency of the operations of the mine, once reopened, will be unlike before. New Porgera Limited chairlady Nellie James said the incorporation of New Porgera Limited will be for Porgera Mine as the previous unincorporated venture running of operations and sa...

For the duration of 2023, the agriculture sector's planned operations would require a budgetary expenditure of K1 billion. Dr. Nelson Simbiken, acting secretary for the Department of Agriculture and Livestock, stated that the government must provide between K500 million and K1 billion to the sector if K1 billion is not possible. Nine commodity secto...

Photo credit: United Nations The likelihood that Papua New Guinea won't achieve its 2030 Sustainable Development Goals Agenda is increased by figures indicating a drop in world food production. Bir Mandal, the country representative and head of the office for the Food Agriculture Organization (FAO), noted that in only two years, the number of people...

According to Prime Minister James Marape, commercial agriculture, fisheries, and forestry will be used to strengthen the rural economy of the nation. Marape stated that a strong agricultural foundation was a goal of the government. “Growing the rural economy through agriculture presents many opportunities,” he said. “We must explore commercial ag...

Photo: James Marape Papua New Guinea will have the financial room it needs to support the country's growth with a K200 billion economy. Prime Minister James Marape said that since his election as Prime Minister in 2019, he had held firm on his view that PNG had the potential to transform the nation into a K200 billion economy. “This requires that...

Zavath Seafood Limited, a subsidiary of Zavath Holdings Limited, made history on the 13th of October as it became the first locally owned company in Papua New Guinea to export its first seafood product, crab, to the Singapore Market on 14 October. Present to announce its operations to the media and the country at its operating office in Taurama was Mr....

(Left to right) Head of Agriculture Department Prof Mcquine Maino, Unitech’s Vice Chancellor Dr Ora Renagi, Trukai’s Chief Executive Officer Alan Preston, and Rice Development Manager Aina Davis during the signing of the MOA between Trukai Industries Ltd and Unitech. Trukai Industries Limited has ventured into a partnership with the University of Techn...