The Government through the Department of National Planning and Monitoring (DNPM) has stepped in to assist farmers in rural areas to transport their produce to markets. Secretary for the Department of National Planning and Monitoring, Koney Samuel presented a funding support of K4 million to the Cocoa Board of Papua New Guinea (PNG) Chief Executive Officer, Jesse Anjen during a small ceremony in Kokopo on Friday 13th June 2025. Mr. Samuel said the funding support is an illustration of the National Government’s determination and commitment to strengthen efforts to build and expand the cocoa industry, particularly in remote and rural…
Author: Maxine KAMUS
2024 has been truly transformative for K92 Mining as they advanced their plans to become a world-class, tier 1 Gold Mining operation. K92 Mining CEO and Director John Lewins said K92 has achieved notable operational successes during the year and importantly, K92 Mining has done so with perfect safety performance, including achieving 553 consecutive days without a lost-time injury. Mr. Lewins said in 2024, they achieved another annual production record with 149,515 gold equivalent ounces produced, while investing significant expansion and sustaining capital throughout the year totaling a combined K650.6 million. “We also continued to invest heavily in exploration, with…
The foreign exchange market experienced notable improvement in early 2025, driven by robust commercial inflows and increased activity in the Bank of Papua New Guinea’s (BPNG) weekly foreign exchange auctions. Bank of PNG (BPNG) Governor Ms. Elizabeth Genia stated that according to the June Monetary Policy Committee (MPC) statement these developments enabled Authorized Foreign Exchange Dealers (AFEDs) to significantly reduce outstanding orders and improve their market positions. Ms. Genia said over the five months to May 2025, inflows totaled K10.8 billion (US$2.6 billion), while outflows reached K13.5 billion (US$3.3 billion), resulting in a net outflow of K2.7 billion (US$654.5 million).…
Prime Minister (PM) James Marape has clarified that recent media headlines quoting Attorney-General (AG) and Minister for Justice Pila Niningi were taken out of context and have been widely misinterpreted. Responding to front-page reports suggesting that the Minister had criticized Papua New Guinean judges, PM Marape stated that at no time did the Minister accuse or imply that national judges are corrupt or biased. “Let me set the record straight, Minister Niningi’s comments were made in the broader context of judicial strengthening and public confidence—not as an attack on the integrity of our judiciary,” PM Marape said. Responding to questions…
Kula FC, the new kids on the block, will participate in the PNG top-tier league, the Premier Soccer league (PSL), for the first time in the 2025 season. PNG Football Association (PNGFA) said the team will be based in Port Moresby city and will be under the watchful eye of a reputable coach who has chosen to overcome past animosities. “The team was set to arrive in Port Moresby on Sunday to finalize ground preparations and officially meet with the PNGFA PSL management to formalize their entry. The team is proudly supported by Ricky Morris, the visionary leader and member…
Following its June meeting, the Monetary Policy Committee (MPC) maintained the Kina Facility Rate (KFR) at 4.0% and reduced the Cash Reserve Requirement (CRR) to 10.0%. Bank of PNG (BPNG) Governor Ms. Elizabeth Genia stated that the Committee was encouraged by developments over the past quarter, including the continued improvement in foreign currency availability and a modest easing in underlying inflation, though it also noted that liquidity remains unevenly distributed. Ms. Genia said while underlying inflation has continued to ease, headline inflation edged higher over the three months to March 2025, largely driven by a turnaround in domestic (non-tradable) inflation. “The Committee views…
The re-opening of the Madang town retail site is a testament to Puma Energy’s commitment to energizing the Madang community, in collaboration with its business partners and the local community. Puma Energy PNG, in partnership with Victory No. 8 Ltd, has re-opened a retail site situated in the heart of Madang town, in Madang province. “The re-opening was a welcome relief to many vehicle owners, especially those who run public motor vehicles in Madang town and those travelling the Highlands highway, after the site was closed for almost seven months. The re-opening symbolizes Puma Energy’s unwavering commitment to bringing world-class…
The 2025 PNG Futsal League pre-season wrapped up with exciting matches at Taurama Aquatic Indoor Centre (TAIC) on Monday night. The opening match, Hekari United FC 6 defeated Highlands United 3, Gulf Komara 8 proof too strong for Port Moresby Strikers 3, while in the main game Kopar8 with 9 defeating Sepik FC, 7. PNGFA stated that Gulf Komara coach David Aua led his side to beat Port Moresby Strikers 8-3 in the second match. “In a thrilling “cat and mouse” game, the lead exchanged hands multiple times throughout the night. Ultimately, Kopr8 emerged victorious with 9 goals to Sepik…
The Mineral Resources Development Company (MRDC) issues this statement in direct response to recent Parliamentary remarks made by the Member for North Fly, concerning MRDC’s management of Western province’s derived investments. MRCD stated that while robust public discourse is vital, it must be underpinned by facts and not political rhetoric. “MRDC has consistently managed the Mineral Resources Ok Tedi 2 (MROT2) portfolio with strategic intent and a supportive board comprising Chairman and Governor of Western Province, the Provincial Administrator, the three District Development Authority Representatives, the Secretary for Mineral Policy & Geohazard Management, and the MRDC Managing Director. It is…
Papua New Guinea (PNG) has signed a landmark treaty for the governance of the high seas at the 3rd United Nations Oceans Conference in Nice, France. Prime Minister (PM) James Marape signed the Agreement on the Conservation and Sustainable Use of Marine Biological Diversity of Areas Beyond National Jurisdiction (BBNJ Agreement) on Monday (09.06.25) at around 7pm (Local Time). The signing of this important treaty followed soon after Prime Minister Marape addressed the conference with Papua New Guinea’s Country Statement, highlighting the importance in the role the ocean plays in the livelihood of the people of Papua New Guinea and…