Richard Maru: Trade and Investment in Australia’s Favor

The country-to-country trade and investment relationship between Papua New Guinea (PNG) and Australia is skewed in Australia’s favor and Australia has not done enough to support PNG to increase its exports. I raised this in my keynote address this morning at the 38th PNG-Australia Business Forum and Trade Expo that is being held... more →
Posted in: Papua New Guinea

Reflection And Round Up Of The International SEZ Summit

The recent International Special Economic Zone (SEZ) Summit was very successfully delivered and as the Minister for International Trade and Investment I praise God for the overwhelming success of the Summit beyond all our expectations. I also want to thank the Prime Minister Hon. James Marape, the Deputy Prime Minister Hon. John... more →
Posted in: Papua New Guinea


APPROVED FOR RELEASE: MAY 8, 2023 Prime Minister Hon. James Marape says “a sustainable economy is a diversified economy”. He said this on Sunday (May 7, 2023) night when opening the three-day Papua New Guinea Special Economic Zone (SEZ) Summit in Port Moresby. “The effective anchor of a sustainable economy is a diversified... more →
Posted in: Papua New Guinea

How to invest in gold: 5 ways to buy and sell it

James Royal, When economic times get tough or financial events such as the blow-up of Silicon Valley Bank throw the markets for a loop, investors often turn to gold as a safe haven. With high inflation and the stock market trading well below its highs, some investors are looking for a safe asset that has a proven track... more →
Posted in: Uncategorized

How Papua New Guinea can boost its coffee production [analysis]

Papua New Guinea has the potential to become one of the top coffee producers in the world. Deputy Director of the National Research Institute, Eugene Ezebilo, explores what other countries have done to boost their coffee production and how these strategies could be implemented in PNG. PNG coffee beans. Credit: PHAMA PLUS PNG coffee... more →
Posted in: Papua New Guinea

Stimulus package for transport owners

PLTA CEO Reginald Tabi
PLTA CEO Reginald Tabi Public land transport owners are entitled to a monthly payout of Vt15,000 under the second roll-out of the Government’s stimulus package Chief Executive Officer (CEO) of the Public Land Transport Authority (PLTA), Reginald Tabi, says public land transports fall under the Small Business Grant and they are... more →
Posted in: Vanuatu

Technical assistance to remote rural areas in West Sepik Province, trained 749 Trainers of Trainers (ToTs) in cocoa and vanilla cultivation

EU-STREIT PNG extended its technical assistance to remote rural areas in West Sepik Province, trained 749 Trainers of Trainers (ToTs) in cocoa and vanilla cultivation To provide sustainable technical support to the hard-accessible rural areas in Papua New Guinea, FAO under EU-STREIT PNG Programme trained 749 Trainers of Trainers... more →
Posted in: Papua New Guinea

BSP considers legal options over alleged money laundering warning

Bank South Pacific says it is considering its legal options after the Bank of Papua New Guinea formally cautioned it over what the central bank believes is “contrary conduct under the anti money laundering/counter terrorist financing act.” In issuing the formal warning yesterday, the Bank of PNG called for BSP Financial Group... more →
Posted in: Papua New Guinea

NAB and CBA exposed over PNG money laundering

Bank of South Pacific CEO Robin Fleming is believed to be under pressure from the regulator to step down.
Angus Grigg National affairs correspondent The largest lender in the Pacific, BSP Financial Group, has been ordered to remove senior managers following breaches of anti-money laundering laws in Papua New Guinea, putting further pressure on Commonwealth Bank of Australia and National Australia Bank to cut ties with the troubled institution. BSP,... more →
Posted in: Papua New Guinea
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