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Papua New Guinea stands at a defining point in its economic journey. The country has strong natural advantages, a young population, and a business environment shaped

Gabagaba aid post will receive a major facelift as it plans to reconstruct the building - thanks to BSP's 50for50 GivimBek Project, the community, government and village partnerships. What began as a staff-led initiative by BSP employees from Gabagaba Village has gained momentum, rallying strong support from government leaders, senior statesmen, and local community members. Additional financial commitments made during the groundbreaking ceremony brought the total funding for

NCSL has announced the continued success of its MyNCSL Adhoc Remittance feature, available through both the MyNCSL mobile app and web platform. Developed with members' needs in mind, the innovative solution makes transferring funds fast, easy and secure. The Adhoc Remittance feature enables members to transfer funds directly from their commercial bank accounts to their NCSL accounts using unique reference numbers. Payments are automatically credited to the nominated member ac

PROJECT Yumi Inc. and the International Training Institute (ITI) have signed a Memorandum of Understanding (MoU) to strengthen their shared commitment to equipping young Papua New Guineans with the skills and confidence needed to successfully enter the workforce. The partnership will see ITI collaborate with Project Yumi Inc. to support the delivery of Project Wok, an innovative job readiness initiative designed to prepare young people for employment by providing practica

BUSINESSMAN and owner of Brave Group, Wesley Roy, is discussing and learning about advancing the private sector under an International Visitor Leadership Program (IVLP) in the United States.During his visit, which will last until October, he will be meeting, discussing and networking with the: ■ U.S. Department of StateU.S. Trade Representative (USTR); ■ International Trade Administration (ITA); ■ U.S. International Trade Commission (USITC); ■ National Foreign Trade Council (

THE Ok Tedi Development Foundation (OTDF) Board has recently announced the appointment of Andrew Mari as the organisation’s new Chief Executive Officer (CEO). Chairman Jesse Pile said the Board unanimously endorsed Mr Mari’s appointment in recognition of his outstanding leadership, extensive experience, and commitment to sustainable community development. Mr Mari has been serving in leadership positions within OTDF for several years and previously acted as CEO from Nov 2024 t

John D. Lewins, K92 CEO & director (right), Anne Giardini, K92 Board chair (left), with the James Marape, Prime Minister of PNG, during the stage three expansion process plant inauguration. K92 Mining Ltd, the operator of the Kainantu Gold Mine in Eastern Highlands Province, announces its planned leadership succession. John Lewins will transition from chief executive officer to non-executive chair of the Board, with David Medilek, K92's current president and chief operating

THE Papua New Guinea Resource Governance Coalition (PNGRGC) continues to strengthen civil society leadership in the natural resources sector, reaffirming its strategic direction at its 2025 Annual General Meeting (AGM). During the meeting on June 30, 2026, coalition members unanimously voted to re-elect the incumbent PNGRGC Council for the 2026–2027 term. This ongoing work is supported by the PNG-Australia Partnership. The AGM brought together member organisations from across

THE Papua New Guinea Resource Governance Coalition (PNGRGC) continues to strengthen civil society leadership in the natural resources sector, reaffirming its strategic direction at its 2025 Annual General Meeting (AGM). During the meeting on June 30, 2026, coalition members unanimously voted to re-elect the incumbent PNGRGC Council for the 2026–2027 term. This ongoing work is supported by the PNG-Australia Partnership. The AGM brought together member organisations from across

NEW Porgera Limited (NPL) contributed K2.1 billion to Papua New Guinea’s economy in the first half of 2026 through dividends, taxes and royalties. The figure comprises K1.2 billion in declared dividends, K759 million in taxes remitted to the Internal Revenue Commission (IRC), and K121 million in accrued royalties. “These results demonstrate the significant and growing value that the Porgera Mine is generating for Papua New Guinea,” said NPL country manager Karo Maha. “Throu

Bank South Pacific (BSP) yesterday (July 13) announced plans to develop a new purpose-built headquarters in Port Moresby, supporting the Bank's continued growth and creating a landmark commercial development for PNG's capital. When completed in the early 2030s, the campus-style headquarters will bring together BSP's 2,500 Port Moresby-based employees who currently work across seven office locations. Designed to support the future of banking, the new campus will provide a mod

WOMEN in custody at Bomana Correctional Institution will have new opportunities to develop practical skills for life beyond detention, thanks to the Australia–Papua New Guinea Law and Justice Partnership (APLJ). The vocational equipment of four sewing machines, a benchtop oven and a rice cooker, will support Papua New Guinea Correctional Service (PNGCS) rehabilitation activities by providing women in custody with opportunities to develop practical sewing and cooking skills. T

K92 Mining Limited has once again demonstrated its commitment to supporting local sports and youth development in Eastern Highlands Province with a K200,000 sponsorship to the Bintangor Goroka Lahanis Rugby Football League Club. The cheque presentation was held at the K92 Mining site on Wednesday, Aug 12, 2026, and was received by Eastern Highlands Provincial Governor, Simon Sia, who is the main franchise sponsor of the Bintangor Goroka Lahanis and has supported the club for

K92 Mining has signed a Memorandum of Understanding (MoU) with Femili PNG to strengthen collaboration and support services for vulnerable individuals and families in communities around Kainantu. The MoU was signed on Monday, Aug 17, 2026, at Kainantu Lodge and witnessed by representatives from Kainantu Urban LLG, Agarabi LLG, K92 Mining and Femili PNG. Kainantu Urban Local Level Government (LLG) was represented by deputy urban manageress operations Jenny Biosi and Kainantu Di

AUSTRALIA has announced funding for Artificial Intelligence toolkits for the Pacific as part of Pacific Cyber Week and the Digital Transformation Summit hosted in Port Moresby. Through the Southeast Asia and Pacific Cyber Program, Australia is providing almost K1.3 million (approx. AUD420,000) to Standards Australia to develop toolkits that will help Pacific island countries consider the safe and ethical adoption of artificial intelligence, in a practical way. The toolkits wi

Business Advantage International publishing director Andrew Wilkins PRIME Minister James Marape has confirmed his attendance at the 14th Business Advantage Papua New Guinea Investment Conference, headlining what promises to be a stellar programme. Business leaders, investors, government representatives and industry experts will gather in Brisbane on Aug 10–11, 2026 as Papua New Guinea enters a pivotal period of economic growth and investment. Held at the Brisbane Convention

David Bishop, Head of Corporate Banking - Corporate South presenting BSP's support of K80, 000 to PNG Swimming Inc. president Ryan Pini. BSP Financial Group is proud to continue its longstanding partnership with Papua New Guinea Swimming Inc. (PNGSI) in 2026 through a sponsorship of K80,000 as the Naming Rights Sponsor of the BSP Kundu National Aquatic Excellence Programme. This support enables PNGSI to deliver ongoing athlete development initiatives, educational programmes,

The Banking and Finance students. THE UPNG Banking & Finance Students Association successfully held its 8th Annual General Meeting on Aug 1, 2026 with an incredible turnout and inspiring conversations around the future of banking in PNG "Digitalizing the Financial Systems in PNG". It was a special honour to have Dr. Solomon AWILI, the founder and implementer of the Banking and Finance course at the meeting. The association also appreciated the presence of Professor Ian Finle

THE Internal Revenue Commission (IRC) has announced the successful installation of a new BSP EFTPOS machine at the Kundiawa tax office in Chimbu, further strengthening taxpayer services and improving payment accessibility for businesses and individuals in the province.Acting Commissioner General Sam Loi commended the strong collaboration between the IRC Finance and Administration Team, Bank South Pacific (BSP), and the Chimbu Provincial Tax Office in delivering the new paymen

THE 2026 Westpac Outstanding Women Awards (WOWA) was held in Port Moresby on July 24, recognising seven inspiring women who are making a strong difference in Papua New Guinea through their leadership, commitment and the work they do in their communities. This year, more than 200 nominations were received from across the country. The winners were recognised across seven categories: Entrepreneurship, Not-for-Profit, Private Sector, Public Sector, Sports & Arts, Sustainability a