Papua New Guinea (PNG) continues to face development and financing needs, according to an International Monetary Fund (IMF) end of 2024 report, local media said…
The National Fisheries Authority (NFA) handed around 402 million kina to the central government coffers for supporting development in the country under the 2023 Non-Tax…
The chief executive officer of the Spice Industry Board, Michael Waisime, on December 18 said a new spice policy formulated by the government aims to…
Prime Minister James Marape on December 16 lauded the performance of the Internal Revenue Commission (IRC) which he said collected 65 billion kina in state…
Former deputy prime minister Davis Steven has questioned the rationale behind a recent amendment to the Central Banking Act. A lawyer by profession, Steven said…
Papua New Guinea’s (PNG) port authority launched a new joint implementation unit (JIU) with the Australian Infrastructure Financing Facility for the Pacific (AIFFP) on December…
The central government has secured $60 million (240 million kina) from the Asian Development Bank (ADB) to establish national markets for horticultural products in Papua…
The EU-STREIT program from the Food and Agriculture Organization (FAO) will generate additional revenue of 448 million kina as the program nears its end in…
The International Monetary Fund (IMF) has disbursed one billion kina in additional loans for the central government to improve climate change resilience. The new loan,…
Prime Minister James Marape on December 12 said Bougainville needs to be economically strong to support its bid for independence. He told the PNG Investment…
A new agriculture facility, the Fabian Chow Training Center, was launched in Kainantu, Eastern Highlands on December 13. The facility was built with funding from…
The central government can save up to 24 million kina a fortnight by addressing issues in the government payroll system, the Special Parliamentary Committee on…
Oil Palm Minister Francis Maneke on December 9 said the oil palm industry contributes more than 2 billion kina to the economy. Maneke made the…
The central government is still negotiating free trade agreements with China and Indonesia, International Trade and Investment Minister Richard Maru said on December 9. “We…
Papua New Guinea’s (PNG) bilateral security treaties with Australia and the US are crucial for a safe environment for investors and citizens, Chamber of Resources…
Australian assistant minister for trade Tim Ayres on December 9 said his government spends over 500 million kina or around $200 million dollars in infrastructure…
International Trade and Investment Minister Richard Maru unveiled an ambitious vision for the economic future of Papua New Guinea (PNG), emphasizing the country’s potential as…
The National Fisheries Authority (NFA) on December 8 said at least 650 million kina in capital investment is needed in the fisheries sector for Papua…
Prime Minister James Marape on December 4 announced the removal of a 10% good and services tax for first-time home buyers on properties valued up…
Finance Minister Miki Kaeok said that total expenditures for the 2024 state budget is set at 18.1 billion kina, local media reports said on December…
World Bank country manager Khwima Nthara on December 4 shared his optimism that Papua New Guinea (PNG) will be able to achieve a budget surplus…
Institute of National Affairs executive director Paul Barker has raised questions over the effectiveness of the goods and services tax (GST) exemptions for 13 staple…
Autonomous Bougainville Government (ABG) Vice President Patrick Nisira on December 3 launched the Bougainville economic roadmap. Nisira, who is also the ABG’s Commerce, Trade, Industry,…
Economists at PricewaterhouseCoopers (PwC) forecast 4.7% economic growth for 2025 in Papua New Guinea (PNG). PwC in its PNG 2025 national budget commentary said a…
The central government will exempt the goods and services tax (GST) for 13 staple goods starting from July 2025, Prime Minister James Marape said on…
