Bougainville emerged as Papua New Guinea’s leading cocoa producer in 2025, contributing 540 million kina to the nation’s record-breaking 1.2 billion kina in cocoa revenue.…
Japan is calling on the Papua New Guinea (PNG) government to address long-standing trade and investment issues that are discouraging Japanese businesses and tourists from…
Overseas visitor spending in Papua New Guinea rose sharply in the first half of 2024, signaling a strong rebound in the country’s tourism sector, according…
Coffee Industry Corporation (CIC) chief executive officer Steven Tumae on May 19 stated that coffee from Papua New Guinea is in high demand globally. Tumae…
Tourism operators in Southern Highlands province expressed concerns over a significant decline in both domestic and international tourist arrivals, local media reported on May 20.…
Prime Minister James Marape has called on farmers across Papua New Guinea (PNG) to take advantage of the high global prices for cocoa and coffee…
The Internal Revenue Commission (IRC) issued a public notice announcing the exemption of Good and Services Tax (GST) for 13 essential goods, effective from June…
NCSL, Papua New Guinea’s largest Savings and Loan Society, on May 14 announced the removal of the 1 kina monthly service fee on all savings…
The Internal Revenue Commission (IRC) has officially launched the Goods and Services Tax (GST) Monitoring System (GMS) Project, marking a significant milestone in Papua New…
Prime Minister James Marape on May 12 launched two significant policies aimed at fostering sustained economic growth during an event at Apec Haus in Port…
The Bank of Papua New Guinea’s (BPNG) crawling-peg exchange rate policy, introduced in January 2024, is drawing growing concern from businesses across the country as…
The Internal Revenue Commission (IRC) has collected nearly 30% of its 19 billion kina revenue target for 2025 as of April, Prime Minister James Marape…
Construction of the new Lae main market is scheduled to begin in July, signaling a significant advancement in Morobe province's urban infrastructure and economic growth.…
RB Cattle Project farmer Kepeng Mato on May 7 called the central government to provide increased funding for livestock projects, both commercial and smallholder, to…
The Mineral Resources Development Company (MRDC) on May 7 announced plans to boost investments in Western province during the opening of the second CMCA review…
The US’ 10% tariff on Papua New Guinea (PNG) exports is unlikely to significantly impact the country’s economy, according to the Port Moresby Chamber of…
Prime Minister James Marape welcomed Thomas Opa as the new finance minister during the Budget Management Committee (BMC) meeting on May 6, urging strict fiscal…
The 10% base tariff imposed by US President Donald Trump on Papua New Guinea (PNG) exports is expected to have minimal direct impact on local…
Prime Minister James Marape on May 5 announced the appointment of Seline Leo-Lohia as Papua New Guinea’s (PNG) new Trade Commissioner to Indonesia, marking a…
International Trade and Investment Minister Richard Maru on May 5 announced the launch of the Papua New Guinea (PNG)-Indonesia Business Council, which aims to enhance…
A recent World Bank report paints a concerning picture of economic well-being and development across several Pacific Island nations, reports said on May 5. In…
The construction of an office and training complex for the Department of Agriculture and Livestock (DAL) worth 2.3 million kina will begin following the project’s…
The Autonomous Bougainville Government (ABG) anticipates improved tax administration and revenue growth following its first quarterly meeting of 2025 with the Internal Revenue Commission (IRC),…
The continued depreciation of the kina against the US dollar is fuelling inflation fears and placing a growing strain on the national economy, according to…
Foreign Affairs Minister Justin Tkatchenko expressed confidence that Papua New Guinea can handle the 10% tariff imposed by the US on local exports without significant…
