Papua New Guinea continues to import approximately 400,000 tons of rice annually, costing around one billion kina, first secretary to the Agriculture Ministry Peter Paul…
The Papua New Guinea Agriculture Commercialization and Diversification (PACD) Cocoa Component has signed agreements worth over 20 million kina with 18 coca farmers across six…
Papua New Guinea’s formal employment has declined from around 465,000 in 2014 to 385,693 in 2021, representing 5.3% of the working age population, economist Maholopa…
Only 1% of the total population has access to insurance and 10% of the population has superannuation or retirement savings, UN Capital Development Fund (UNCDF)…
A UN official said debt sustainability remains a major risk factor in Papua New Guinea’s economy despite reduced fiscal deficits and stabilizing public debt to…
The Coffee Industry Corporation (CIC) opened its 10.6-million kina export facility terminal in Lae district of Morobe province on August 1. CIC chief executive Charles…
A weaker kina and forecasts of it falling further provide a level of uncertainty, Institute of National Affairs executive director Paul Barker said “It certainly…
The kina is expected to continue to fall in the upcoming quarter by 0.7% per month and 8.5% annually and even more against the Australian…
Commodity prices for major exports remained positive during the second quarter of 2024, supported by supply disruptions and geopolitical tensions, according to Bank South Pacific’s…
Papua New Guinea over the last three years has seen improvement in the ease of doing business, Investment Promotion Authority Board chairman Leon Buskens said.…
International Trade and Investment Minister Richard Maru said Papua New Guinea’s future markets are largely dependent on China. The statement was made during the groundbreaking…
The recent Bank South Pacific (BSP) Quarterly Public Economic and Market Pulse Report indicates that there are sufficient foreign reserves in the market, even though…
Papua New Guinea's GDP is forecast is to grow by 5% this year but in the medium term, uncertainty over resource projects will weigh on…
