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What steps does Papua New Guinea need to take to avoid greylisting?

What steps does Papua New Guinea need to take to avoid greylisting?

The Financial Action Task Force Secretariat is hosted at the OECD headquarters in Paris, France. Credit: MySociety / Creative Commons At this time, it is clear that PNG will likely be greylisted by the Financial Action Task Force (FATF) in early...

NTT, Timor-Leste plan team to intensify economic ties

NTT, Timor-Leste plan team to intensify economic ties

Kupang (ANTARA) - The governments of Indonesia’s East Nusa Tenggara (NTT) Province and Timor-Leste have discussed the plan to form a technical team to advance economic cooperation and support development for their communities. NTT Governor Melki...

Violence in Papua New Guinea appears to be increasing

Violence in Papua New Guinea appears to be increasing

Paul Barker says PNG will need international assistance to address the law and order issues in the country. (file image) Photo: AFP/RNZ Pacific Most recently there was an horrific murder in Hela where a mother of six was shot after being being...

Fashion powerhouse Nora Swann set to ignite the stage at Inaugural Pacific Fashion Summit in Papua New Guinea

Fashion powerhouse Nora Swann set to ignite the stage at Inaugural Pacific Fashion Summit in Papua New Guinea

The Pacific is buzzing with excitement as one of the most influential voices in Pasifika fashion, Nora Swann, is heading to Papua New Guinea to take part in the inaugural Pacific Fashion Summit, a groundbreaking event hosted by PNG Fashion Week...

K92 Mining Reports Strong Q2 Output, Begins Commissioning of Stage 3 Plant in Papua New Guinea

K92 Mining Reports Strong Q2 Output, Begins Commissioning of Stage 3 Plant in Papua New Guinea

Canadian firm K92 Mining Inc. has reported a solid second-quarter performance for 2025, producing 34,816 ounces of gold equivalent (AuEq) and initiating commissioning of its new 1.2 million tonnes-per-annum (Mtpa) Stage 3 Process Plant at the...

BPNG 2024 Report Marks Year of Reform, Innovation and Financial Strength

BPNG 2024 Report Marks Year of Reform, Innovation and Financial Strength

The Bank of Papua New Guinea (BPNG) has submitted its 2024 Annual Report and Financial Statements to the Minister for Treasury, in accordance with the Central Banking (Amendment) Act of 2024. The report captures a pivotal year marked by structural...

Papua New Guinea: Response to Prime Minister’s Statement on Porgera Mine

As the Chairman of the Porgera Landowners Association (PLA), I am compelled to respond to the recent statement by Prime Minister James Marape on the achievements of New Porgera Limited (NPL) in the first quarter of 2025. While the Prime Minister...

Goldman Sachs Downgrades Newmont Corporation (NEM) to Neutral from Buy

Goldman Sachs Downgrades Newmont Corporation (NEM) to Neutral from Buy

Newmont Corporation (NYSE:NEM) is one of the 10 Cheap Large Cap Stocks to Buy According to Hedge Funds. On July 8, Goldman Sachs downgraded Newmont Corporation (NYSE:NEM) to Neutral from Buy with a $60.90 price target. The firm stated that it sees...

Mobile wallets making moves in Papua New Guinea

Mobile wallets making moves in Papua New Guinea

BSP’s Mark Robinson and Penelope Aisi launching the Wantok Wallet. Credit: BSP As Papua New Guinea’s telecommunications rollout speeds up, financial institutions and telcos alike are looking at utilising new technologies to bring payments and...

Bank of PNG highlights performance and plans

Strategic priorities and legislative reform Our efforts throughout the year were guided by three priorities: TO implement legislative reforms mandated under the Central Banking (Amendment) Act 2024; TO deliver on our core monetary policy and...

Australian Firms Eye Papua New Guinea’s Resource Pipeline as Trade Ties Deepen | ASX 100

Australian Firms Eye Papua New Guinea’s Resource Pipeline as Trade Ties Deepen | ASX 100

Highlights Papua New Guinea marks half a century of independence amid resource sector expansion Australia strengthens trade presence through Austrade and bilateral business councils PNG Investment Conference fosters collaboration in mining and...

Prime Minister Marape Holds Historic Bilateral Talks at the White House with US Vice President

Prime Minister Marape Holds Historic Bilateral Talks at the White House with US Vice President

Prime Minister James Marape has announced a landmark development in Papua New Guinea–United States relations, following a historic first-ever bilateral meeting at the White House between a sitting Papua New Guinean Prime Minister and a US Vice...

Long Beach, California, and Port Moresby forge Sister City Partnership

Long Beach, California, and Port Moresby forge Sister City Partnership

National Capital District Governor Powes Parkop and Jeff Williams, Director of Community Engagement in the Office of Long Beach Mayor Rex Richardson, signed a ceremonial Sister City agreement between Long Beach, California and Port Moresby, Papua...

Parliamentary independence and motions of no confidence

Chairman and fellow colleagues, on behalf of the Parliament of Papua New Guinea, I bring our warm greetings. To contribute to the topic, I will discuss independence and motions of no confidence in the PNG Parliament. Using the example of...

Johnston sets sights on NRL record

ART Stars align for Rabbitoh AJ and PNG as milestone looms PAPUA NEW GUINEA is two months away from celebrating its 50th year of nationhood while PNG Kumul and National Rugby League (NRL) superstar Alex Johnston is seven tries away from becoming...

NICTA welcomes new board, urges urgent action on digital divide

NICTA welcomes new board, urges urgent action on digital divide

The National Information and Communications Technology Authority (NICTA) has formally welcomed its new board members, signaling a strategic renewal and a reinforced commitment to Papua New Guinea’s digital future. The occasion, more than just...

Turning to crime for survival

RISING urban crime, lawlessness, prostitution, and killings across Port Moresby, Lae, and beyond are not isolated events. They are symptoms – warning signs of a deeper national crisis that can no longer be ignored. Papua New Guinea is a youthful...

POSCO Sells Chinese Stainless Steel Subsidiary, Accelerating Business Restructuring

POSCO Sells Chinese Stainless Steel Subsidiary, Accelerating Business Restructuring

POSCO Group has reportedly sold its Chinese stainless steel subsidiary, securing approximately 400 billion won in funds. This move is interpreted as accelerating the business restructuring led by Chairman Chang In-hwa. According to Chinese local...

Papua New Guinea’s 50 years of independence

Papua New Guinea’s 50 years of independence

In the early 1970s, Dame Meg Taylor remembers a sense of immense optimism as Papua New Guinea stood on the brink of independence. At that time she joined the staff of Sir Michael Somare, who would later become the country’s first prime minister....

ICCC Clears Misima Acquisition by Ok Tedi

ICCC Clears Misima Acquisition by Ok Tedi

PORT MORESBY — Ok Tedi Mining Limited (Ok Tedi) is pleased to announce it has received clearance from Papua New Guinea’s Independent Consumer and Competition Commission (ICCC) for its purchase of the Misima Gold Project from Kingston Resources...

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