The Papua New Guinea (PNG) economy is expected to further improve in 2025 driven by strong activity in the mineral and non-mineral sectors and higher government spending. Bank of Papua New Guinea (BPNG) said this will also be supported by projected growth in the global economy of 3.3 percent mainly driven by expected expansion in most advanced economies, according to the International Monetary Fund’s (IMF) January 2025 World Economic Outlook (WEO) report. “This is expected to increase demand for PNG’s export commodities. Global growth is projected to remain around 3.3 percent in 2026. The Bank projects real GDP to grow…
Author: Maxine KAMUS
In a heartwarming gesture, NCSL Savings and Loan donated household items worth close to K25,000 to Haus Ruth, a sanctuary for survivors of domestic violence and abuse. NCSL stated the donation that was presented by Evelove Farapo, Team Leader Marketing and Communications, and Joshua Isimel, Team Leader Projects on behalf of NCSL, aims to support the ongoing operations of Haus Ruth. Esther John, who received the items on behalf of the Manager, Mrs. Monica Richards, expressed sincere gratitude, noting that the contribution would significantly aid their efforts in providing refuge and support to women and children. Ms. Farapo commended Haus…
The Papua New Guinea (PNG) economy remains resilient, with growth projected to be higher in 2025, compared to 2024. According to Bank of Papua New Guinea’s (BPNG) March Monetary Policy Growth is expected to be driven by strong activity in both the mineral and non-mineral sectors, supported by high Government expenditure. “Over the medium term, economic growth is expected to increase significantly, mainly reflecting the anticipated construction of the Papua Liquefied Natural Gas (LNG) Project, and other resource project developments. Global growth is also expected to support domestic activity. Annual headline inflation of 0.7 percent in the December quarter of…
Kumul Petroleum Holdings Limited (KPHL), the national petroleum and energy company, has just finished its seismic programme on the Kimu and Barikewa licenses where it is the operator. Kumul Petroleum Managing Director, Wapu Sonk said they shot the last hole on a seismic line in the Kimu license and camp demobilization has begun. “This is the culmination of a seismic programme we have been undertaking in our two petroleum retention licenses. “The purpose of this seismic work is to gather additional geological information on the petroleum resources already discovered in these two licenses, to increase the volumes of oil and…
Netball PNG Staff led by President/Board Chairperson, Mrs. Ulato Avei-Kwara were in Boera Village in the Hiri-Koiari District of Central province recently to witness the launching of the Hiri Koiari Netball Tournament – Members Cup 2025. Netball PNG Federation Inc. as a token of appreciation to President of Hiri Koiari Netball Association (HKNA) Mrs. Hoi Koani and her Executive for hosting such tournament, presented balls, whistles and bibs to mark the launching of the tournament as an affiliate of Netball PNG. President Ulato highly commended them for a job well done. According to President Hoi, Member for Hiri Koiari Keith…
The Waigani District Court has dismissed Criminal charges of identity theft against ACT NOW Champaign Manager, Eddie Tanago. The Criminal Charges against Mr. Tanago was dismissed by presiding Magistrate Paul Puri Nii due to lack of evidence provided. Mr. Tanago said he was arrested and charged by police in December 2024 following a complaint made by the Managing Director of the PNG Forest Authority. “The arrest came after ACT NOW had published a number of case study reports demonstrating the abuse of Forest Clearing Authorities by foreign-owned logging companies who use the licenses as a cover for large-scale illegal logging. We…
Air Niugini’s Boeing 767 flight PX 003, traveling from Port Moresby to Brisbane, Australia on Wednesday 9, 2025 had to return to Port Moresby after a crack occurred in the pilots’ windshield. The National Airline stated that the windshield crack appeared, approximately 40 minutes into the flight, and Captain Lawrence Koyama and First Officer Toea Hehuni made the decision to return to base. Air Niugini said that the aircraft landed safely, passengers disembarked and were later re-boarded onto another aircraft, which departed at 11:05am for Brisbane. “Air Niugini’s engineers have replaced the cracked windshield, and the aircraft is back in service.…
The National Information and Communications Technology Authority (NICTA) is proud to announce the release of two Request for Proposal (RFP) documents through its website to be followed later in the newspapers and social media as part of its contribution to Papua New Guinea’s 50th Independence Anniversary celebrations in 2025. NICTA Chief Executive Officer Kila Gulo-Vui, said NICTA is inviting qualified and experienced firms to submit proposals for the following two projects: (1) Documentary Film Production Services; and (2) Book Writing, Editing & Publishing Services. Mr. Gulo-Vui said NICTA welcomes submissions from both local and international firms, including those with experience…
Over 2,000 students attending Markham Primary School in Morobe Province now have improved access to digital learning resources thanks to BSP Financial Group. Established in 1976, Markham Road Primary School is one of Lae City’s oldest and most populated schools, serving students from surrounding communities including Salamanda, Bugandi, Eriku, Kamkumung, Nawae and as far as Nadzab and Gabensis. The school has long struggled with outdated learning materials and limited resources. Through its 2024 community project, BSP continues to champion education through technology. Lae Commercial Centre stepped in to support the school with an e-library setup, providing students and the school’s…
Gone but not forgotten in the hearts of many Papua New Guineans. Today April 9, 2025, the Founding Father of Papua New Guinea late Grand Chief Sir Michael Thomas Somare would be turning 89 years old. Grand Chief Sir Michael Somare peacefully passed away on February 26, 2021, at the age of 84. He passed away two months before his birthday. As our country looks forward to celebrating 50 years of nationhood, Papua New Guineans today still remember his great leadership and wisdom in running our country. Sir Michael led Papua New Guinea to Independence on September 16, 1975, serving…