A report by ANZ Bank predicted slower growth for the economy in 2025 following the reveal of the 2025 state budget. The bank forecasts a…
State Treasurer Ian Ling-Stuckey on November 29 revealed to parliament that the 2025 state budget is set at 28.4 billion kina. The 2025 budget, dubbed…
The central government is aiming to create one million new jobs by 2027 to fuel economic growth and reach a 200 billion kina economy by…
Labor and Employment Minister Kessy Sawang on November 29 said the Minimum Wages Board (MWB) has started discussions to review the minimum wage. The last…
The International Monetary Fund (IMF) has a three-year program tailored to support Papua New Guinea’s (PNG) 2025 National Money Plan, IMF PNG office head Sohrab…
The Independent Consumer and Competitions Commission (ICCC) warned consumers of an increase in vegetable cooking oil in the next few months. The commission said the…
The agriculture sector has had a mixed performance in 2024 against the government’s budget projections for the year. One of the key issues has been…
The Bank of Papua New Guinea (BPNG) signed a memorandum of understanding with the International Finance Corporation and the Securities Commission of Papua New Guinea…
Prime Minister James Marape and several ministers met with a business delegation from the US to explore opportunities between the two countries. Marape has been…
International Monetary Fund (IMF) resident representative for Papua New Guinea (PNG) Rafiq Sohrab said the central government should continue with fiscal consolidation efforts to reduce…
The central government will allocate 10 million kina in subsidies for direct flights to Japan in an effort to promote the Osaka 2025 World Expo,…
Prime Minister James Marape on November 18 said the central government will digitally transform the Internal Revenue Commission (IRC) into a modern, efficient, and data-driven…
The central government continues to operate with a budget deficit as the country approaches the 2025 budget session at parliament Bank of PNG insiders said…
The introduction of international banks like the Bank of China into the country could address foreign exchange challenges and boost trade for Papua New Guinea…
The Center for Excellence in Financial Inclusion (CEFI) and the Build Bougainville Foundation Incorporated (BBFI) on November 12 signed a memorandum of understanding (MoU) to…
International Trade and Investment Minister Richard Maru on November 15 said Papua New Guinea (PNG) needs access to US duty-free facilities for its fisheries and…
Former prime minister Peter O'Neill said the closure of the Porgera mine has resulted in 26 billion kina in losses to the state. O'Neill made…
Papua New Guinea’s (PNG) budget corrections are on track, with the central government aiming to achieve a budget surplus by 2027 and retire all debt…
The central government is facing a significant dilemma as it plans to issue the 2025 state budget, according to reports. The 2025 budget is currently…
No new revenue streams are forecast in the 2025 state budget from resource prices as uncertainty clouds major resource projects, Institute of National Affairs (INA)…
The central government owes Nambawan Super Limited unpaid rental fees totaling 80 million kina, the company said on November 13. Nambawan Super chief investment officer…
Lae lawmaker and Deputy Prime Minister John Rosso said Lae, the country’s industrial hub, has immense potential that has yet to be fully exploited. “Our…
Papua New Guinea’s (PNG) exports continue to be dominated by the mineral sector, with almost 98.9% of the exports going to Australia, while 60% of…
Economist and executive director of Institute of National Affairs (INA) Paul Barker on November 11 said national economic growth in Papua New Guinea (PNG) had…
The country’s minimum wage of 3.5 kina per hour is now under review, 10 years since the Minimum Wages Board set the current rate in…
