PNG’s forex inflows drop by 16 per cent in Q3

PNG’s forex inflows drop by 16 per cent in Q3

Foreign exchange (FX) market inflows in the third quarter of 2023 have witnessed a 16 per cent decline, amounting to K6 billion, in comparison to the second quarter. This development represents almost 18 per cent of FX inflows, with a significant portion of these...
Bougainville opens doors to foreign investment

Bougainville opens doors to foreign investment

The Autonomous Bougainville Government (ABG) is inviting foreign direct investment from developed nations, which include Australia, New Zealand, Japan, China, the United States, and European countries. This announcement was made by President Ishmael Toroama on the 31...
Qantas announces new flights to PNG, NZ, US

Qantas announces new flights to PNG, NZ, US

Qantas has unveiled an update to its international network including two new return services per week from Sydney to Port Moresby using a Boeing 737 aircraft beginning March 2024. These will complement the existing daily service from Brisbane to Port Moresby. Flights...
Letter from the Secretariat

Letter from the Secretariat

Greetings to all members of the Australia Papua New Guinea Business Council. Your secretariat has just emerged from an intensive six months of work with four major bilateral business events across all three Business Councils. In April we held the 12th Australia...
PNG Ports Corporation Limited appoints new Board

PNG Ports Corporation Limited appoints new Board

The National Executive Council (NEC) of Papua New Guinea has announced the appointment of the PNG Ports Corporation Limited (PNG Ports) Board of Directors led by Chairman Harvey Nii, with Belinda Manning making history as the first female director. The newly appointed...
Australia appoints new envoys to PNG, Marshalls

Australia appoints new envoys to PNG, Marshalls

John Feakes is Australia’s High Commissioner to PNG Australian Foreign Minister Penny Wong has announced Mr. John Feakes as being appointed Australia’s next High Commissioner to the Independent State of Papua New Guinea, reaffirming the deep-rooted and enduring...