Prime Minister James Marape unveiled a major national agricultural credit scheme on April 7, aimed at bolstering Papua New Guinean farmers, agribusinesses, and provincial governments…
Prime Minister James Marape has accepted a 10% tariff imposed by US President Donald Trump on Papua New Guinea’s (PNG) exports to the US, signaling…
Business owners in Lae, Morobe province on March 23 requested clarity from the central government regarding the planned goods and services tax (GST) exemptions for…
Foreign exchange remains the foremost concern for Papua New Guinea’s business community in 2025, according to Pacific Senior Economist Justin Smirk on March 19. Smirk…
The central government introduced a new income tax bill on March 20, aiming to overhaul the 1959 Income Tax Act as part of its ongoing…
The central government is grappling with an outstanding balance of over 1.7 billion kina from its 27 billion kina 2024 state budget, which is intended…
The central government is at risk of losing more than half a billion dollars in assistance from the International Monetary Fund (IMF) due to inadequate…
The Australia-based bank Westpac's monthly outlook, published on February 18, forecasts a further 4% depreciation of the kina to 0.241 by June 2025, with recovery…
The National Statistical Office (NSO) released its latest Consumer Price Index (CPI) figures on February 17, indicating a moderate rise in the overall price level…
Prime Minister James Marape announced a bold tax reform strategy on February 4, aimed at fostering investment, increasing consumer spending, and driving local industry growth.…
The National Fisheries Authority (NFA) is set to undergo significant policy reforms that will transform the fisheries sector in Papua New Guinea, local media reported…
International Monetary Fund (IMF) representative in Papua New Guinea (PNG) Rafiq Sohrab said on January 17 that the country is making significant progress in economic…
The Tourism Promotion Authority (TPA) on January 9 said tourism in Papua New Guinea (PNG) is estimated to have generated approximately 550 million kina in…
Labor and Employment Minister Kessy Sawang on January 8 said her department aimed to see higher job creations to lift people out of poverty and…
Retailer Brian Bell Group chief executive officer Cameron Mackellar on January 6 said Papua New Guinea (PNG) needs more investment to address ongoing issues like…
The performance of the national economy was disappointing in 2024 despite many promises made by the central government, Institute of National Affairs (INA) executive director…
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,…
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…
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…
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…
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 continues to operate with a budget deficit as the country approaches the 2025 budget session at parliament Bank of PNG insiders said…
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…
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…
