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.…
Coffee Minister William Bando re-opened the Anego Coffee Factory in Kabiufa village, Eastern Highlands province on February 14. Bandon said the re-opening is expected to…
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…
Reports indicate a surge in untaxed goods, including food and clothing, flowing from the Solomon Islands into Bougainville, particularly the border towns of Arawa and…
State-owned Enterprises Minister William Duma on February 7 said several state-owned companies have yet to complete their audits, reflecting a serious governance issue. Duma made the…
Courtney Boustridge, treasurer of the Papua New Guinea Business Council, on February 6 announced that the organization will allocate 400,000 kina to guarantee that businesses…
Wilson Thompson, president of the Farmers and Settlers Association, on February 5 said agricultural productivity in Papua New Guinea has not increased despite numerous policy…
Pradee Panda, chief executive of medicine retailer City Pharmacy Limited (CPL), on February 5 said the company will be expanding its reach across the country…
The Bank of South Pacific Financial Group (BSP) appointed four new executives, local media reported on January 30. The new executives are Ben Wavell-Smith as…
