The Autonomous Bougainville Government (ABG) announced an indefinite ban on new foreign investments in business activities reserved for people in Bougainville, local media reported on…
Goroka lawmaker Aiye Tambua has urged the government to investigate the recruitment practices of Bank South Pacific (BSP), alleging that the bank is marginalizing Papua…
Australia and New Zealand (ANZ) Bank appointed Kilepak Kitemong as Head of Technology for their Papua New Guinea (PNG) branch on March 11. Kitemong has…
Mama Bank officially inaugurated a new office on Misima Island, Samarai-Murua district of Milne Bay province, marking a significant restoration of banking services to the…
Kina Asset Management Limited (KAML) announced on March 10 that the company recorded a profit of 16.6 million kina in 2024. Acting Chairman Syd Yates…
The Investment Promotion Authority (IPA) Managing Director Clarence Hoot stated on March 10 that the agency will prioritize reforms, such as reviewing the reserved activities…
Cocoa Board Chief Executive Officer Jesse Anjen on March 10 presented the organization's strategy for this year, which focuses on expanding production, improving quality control,…
Officials from the Japan Bank for International Cooperation (JBIC) met with Foreign Affairs Minister Justin Tkatchenko on March 6 to discuss potential future projects in…
Kumul Petroleum Holdings Limited (KPHL) has submitted a proposal for a Special Economic Zone (SEZ) for the Konebada Industrial Park, currently under review by the…
Kina Securities Chief Executive Officer (CEO) Ivan Vidovich stated on March 3 that the company recorded a profit of 102.5 million kina for 2024, following…
Kumul Petroleum Holdings Limited (KPHL) began construction of a training facility and a fabrication manufacturing facility at Caution Bay, just outside Port Moresby, on March…
Air Niugini chairman Kelly Yalo stated on February 27 that airline passengers can expect a reduction in fares in 2027 when the re-fleeting program concludes.…
International Trade and Investment Minister Richard Maru announced on February 28 that an Australian company, Taylor Pacific, has become the major owner and shareholder of…
Swire Shipping reaffirmed its commitment to the Asia-Pacific region as the most reliable carrier in Asia-Oceania and on the Asia to North America West Coast…
Palm oil operator New Britain Palm Oil Ltd (NBPOL) on February 20 announced its commitment to strengthening its role in Papua New Guinea’s (PNG) cattle…
Nambawan Super Limited (NSL) on February 20 appointed Paula Allen as an independent trustee director on its board. The company stated that the board of…
The central government announced on February 20 plans to rebuild state-owned airline Air Niugini’s aging fleet by investing NZ$2 billion, or approximately 46 billion kina,…
Bank South Pacific Financial Group Limited (BSP) reported a statutory net profit of 1.04 billion kina, or approximately A$408 million, for 2024, the bank’s chairman…
Fisheries and Marine Resources Minister Jelta Wong announced earlier this week that Majestic Tuna Corporation will reopen its tuna processing plant in Malahang, Lae, Morobe…
Warren Bobin, acting CEO of Australia-based Westpac, urged banks on February 17 to invest in skills and technologies to safeguard operations and maintain customer trust.…
The Bank of South Pacific Financial Group (BSP) chief executive officer (CEO) Mark Robinson launched a digital wallet product called Wantok Wallet on February 16…
Coca-Cola Europacific Partners sales and commercial director Tim Solly stated on February 16 that a lack of foreign exchange and affordability continues to cripple businesses…
The Finschhafen Development Authority in Morobe allocated 3.5 million kina to conduct a feasibility study aimed at assessing, designing, and planning tourism and industrial projects…
The Oil Palm Industry Corporation (OPIC) is planning to increase the number of extension officers to ensure smallholder growers benefit from palm oil, general secretary…
Paul Barker, director of the Institute of National Affairs, on February 10 said there is a need for reform for underperforming state-owned enterprises in Papua…
