Tourism, Arts, and Culture Minister Belden Namah on April 9 announced a plan to form a regulatory body to oversee operations of the tourism industry,…
An International Monetary Fund (IMF) team, headed by mission chief Nir Klein, concluded a visit to Port Moresby from March 27 to April 9, to…
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…
A new community market was opened on April 7 on Jomba Island, Newtown district of Madang province. Madang Mayor Peter Yalsy Masia said that the…
Yomabaiaoro Coffee Cooperative Society Chairman Timothy Gunua expressed dissatisfaction with the Coffee Industry Corporation (CIC) on April 7 regarding the increase in thefts at plantations…
Papua New Guinea (PNG) will delay decisions on its future trade and investment ties with the US until a thorough review of US new tariffs…
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…
Papua New Guinea’s (PNG) rubber export value has seen a general decline over the past two decades, creating uncertainty in the industry, according to Osborne…
Fiji exported goods worth more than 43.9 million kina to Papua New Guinea (PNG) in 2023, driven by products such as electric conductors, sweet biscuits,…
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…
Art, Culture, and Tourism Minister Belden Namah urged the central government on March 21 to recognize the subjects of his ministry as a means to…
Elish Fish Farm, a commercial inland aquaculture operation in Simbu, is set to boost its tilapia production in 2025 to meet rising demand, according to…
Parliament passed the Income Tax Bill 2025 on March 20 with the unanimous support of all 79 lawmakers present. The new law, set to replace…
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…
An International Visitor Survey in 2024 revealed that international tourists contributed 1.2 billion kina to Papua New Guinea’s (PNG) economy in 2024, marking a 9%…
The Westpac Business Advantage PNG 2025 CEO100 Survey, released on March 20, signals growing optimism among business leaders with notable improvements compared to findings in…
Governor General Sir Bob Dadae has signed two significant project contracts for the Internal Revenue Commission (IRC), aimed at enhancing tax administration and collection through…
The Investment Promotion Authority (IPA) is preparing to host business delegations from Fiji and the Solomon Islands, marking a strategic effort to enhance regional economic…
The National Fisheries Authority (NFA) has launched the Fisheries Automated Registration and Information System (FARIS), a digital platform aimed at improving traceability, governance, and marketing…
The Monetary Policy Committee has decided to keep the Kina Facility Rate (KFR) at 4% while lowering the cash reserve requirement (CRR) to 11% during…
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…
Paul Barker, director of the Institute of National Affairs (INA), stated on March 17 that the current level of business activity across Papua New Guinea…
Institute of National Affairs (INA) director Paul Barker stated on March 17 that none of the anticipated major resource projects are currently positioned to provide…
Prime Minister James Marape defended the central government’s borrowing policy for 2024 on March 13, stating that it was not reckless and aligned with last…
