Business

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