Papua New Guinea has five months remaining to fix its anti-money laundering and counter-terrorist financing (AML/CTF) systems or face the severe repercussions of being placed on the Financial Action Task Force’s (FATF) “grey list”. The FATF has imposed an October 2025 deadline, and the government is scrambling to prove its commitment to global partners. Speaking in Parliament, Prime Minister James Marape said Treasury Minister, Ian Ling-Stuckey has been given the responsibility to lead a taskforce to fix PNG’s issues associated with money laundering and terrorist financing. “I summoned all agency heads to a critical meeting last week giving them clear…
Author: Kerebi DAVID
A two-day stakeholder engagement was held in Kavieng to provide updates on Sulphide Expansion Project and discuss early-stage planning for future closure and asset transition for Simberi Gold Company Limited (SGCL). The session brought together key stakeholders from the New Ireland Provincial Administration, Sentral Niu Ailan Local Level Government (LLG), and Simberi landowner directors. On Day 1, SGCL presented the Simberi Mine Expansion update, outlining the transition from the current Oxide phase to Sulphide operations, expected to commence in 2027. While SGCL has an existing Oxide Closure Plan, the company stated that the intention is for the Oxide Closure Plan…
The National Weather Service of Papua New Guinea has issued another warning for Heavy Rains and potential flood. Warning area are Western Province, Gulf, Gulf of Papua, Bougainville, New Ireland, East New Britain Province and Southern Highlands Province. Potential Heavy Rains are expected over the mentioned warning areas within the next 12 to 24 hours. For Southern Highlands Province, people are urged to take necessary precaution has heavy rains will cause severe flood and landslides. For Autonomous Region of Bougainville, East New Britain Province and New Ireland Province including Western and Gulf, riverine and flash floods are expected. A strong…
A morning tea was hosted recently by the Australian High Commission where they announced and celebrated grantees under round three of the Play for Equity Fund. The initiative is part of the Australian Government’s Team Up program, supporting community-led projects that advance inclusion through sport. The event was hosted by Australia’s Deputy Head of Mission Mr Adrian Lochrin who recognised the innovative and inclusive projects using sport as a platform for empowerment, inclusion, and social change. In his remarks, Mr Lochrin congratulated fund recipients and highlighted the importance of community-driven initiatives in promoting gender and disability equality and inclusion. “Your…
The Voice Inc. (TVI) had a media meet and greet with the mainstream media on Wednesday 28th May 2025, at their Headquarters in Port Moresby to look at ways to better work together to address matters pertaining to the youths of Papua New Guinea (PNG). TVI provided insights into in the important areas that the organization is working in and to establish a better working relationship with media. Members of the media were informed of the kind of work TVI does by being a key partner in nation building and also in driving positive changes and creating policy discourse through…
The National Livestock Policy needs to provide clear directions on Livestock and Development in Papua New Guinea (PNG) says the National Agriculture Research Institute (NARI). This was revealed during the Momase National Livestock Policy Consultation Meeting in Lae city on Tuesday (20/05/2025), attended by NARI’s top management to provide Research and Development Input, which highlighted Research and Development as cornerstones for growth in the industry. Speaking at the Consultation was Deputy Director General of NARI Dr Peter Gendua, who reminded participants that the underlying objectives for all government agencies are to address socioeconomic gaps to create a happy, healthy, and…
Following a successful two-weeks Financial Education Curriculum Validation Workshop, held by the Centre for Excellence in Financial Inclusion (CEFI), in close partnership with the Department of Education (DoE) through its Curriculum Development Division (CDD), this has resulted in culminating in the delivery of 40 fully aligned educational resources. Thus, this marks an important step in the implementation of the Financial Education in Schools PNG (FESPNG) Project. The workshop was held from 5th–16th May 2025, and brought together a dedicated team of stakeholders, including officers from DoE-CDD, representatives from CEFI, and an external partner from Aflatoun International and Cufa to review…
Ok Tedi Mining Limited (Ok Tedi) has today entered into a binding agreement with Kingston Resources Limited (Kingston) to acquire the Misima Gold and Silver Project for A$60M (~US$38M), with further contingent payments totaling up to A$35M (~US$22M). This was announced in a media statement this week. The Misima Gold and Silver Project, located 625km east of Port Moresby in Milne Bay, has a current mineral resource estimate of 3.8Moz of gold and 22.1Moz of silver 1. Ok Tedi operates the Ok Tedi Mine, the longest running open-pit copper, gold and silver mine in Papua New Guinea (PNG). The company…
BSP Financial Group Limited’s (BSP) Port Moresby Branch is undergoing a full refurbishment. This refurbishment is a key part of the bank’s ongoing modernization program aimed at delivering a better, faster, and more convenient banking experience for all customers. BSP Group General Manager – Retail, Mr. Ronesh Dayal, in announcing this said the bank is upgrading one of its most iconic branches to bring customers a more modern and seamless banking experience. “To ensure there’s no disruption to our services during this exciting transformation, we’ve temporarily relocated all banking operations to the mezzanine floor of the Port Moresby Branch building,…
Marking 50 years of Independence for Papua New Guinea this and recognising those who contributed to the country’s freedom too is a very important gesture. The K100 banknote of Papua New Guinea will have a very new feature, a timely change to the old image of the K100 bank note, giving recognition to one of our founding father Sir Julius Chan. The Bank of Papua New Guinea (BPNG) has received the final blessing from the family of the late Sir Julius Chan to feature his image on the country’s K100 banknote. In a recent visit to the Chan residence in…