Papua New Guinea is doubling down on domestic lime and cement production to reduce its reliance on imports, according to International Trade and Investment Minister…
Prime Minister James Marape on June 15 launched the Special Economic Zone (SEZ) policy to boost economic growth and employment. The policy enables the central…
The International Monetary Fund (IMF) approved the fourth review of the Extended Credit Facility (ECF) and Extended Fund Facility (EFF) programs for Papua New Guinea…
The Bank of Papua New Guinea (BPNG) said the foreign exchange market experienced a notable improvement in early 2025. BPNG governor Elizabeth Genia on June…
Minimum Wages Board chair Beverley Doiwa on June 12 stated that workers in low-paid jobs across the country are being denied their rights as provincial…
International Trade and Investment Minister Richard Maru on June 11 said Papua New Guinea (PNG) had gone off track in economic growth in the last…
State Treasurer Ian Ling-Stuckey on June 5 announced that the government may need to introduce a supplementary state budget in August, following an unexpected decline…
Prime Minister James Marape on May 28 praised the National Agriculture Research Institute (NARI) for its plan to construct a modern Information and data center…
Fisheries and Marine Resources Jelta Wong on May 29 announced that the central government has launched the National Tuna Domestication Strategy to boost the country's…
The government plans to introduce a “Green Gold” card for coffee farmers in an effort to revitalize Papua New Guinea’s (PNG) coffee industry, Coffee Minister…
Ombudsman Commissioner chief Richard Pagen urged the central government to review its foreign investment agreements amid the increasing cost of goods and services in Papua…
Prime Minister James Marape has announced an ambitious economic agenda aimed at transforming Papua New Guinea into a middle-income country by 2030, with a targeted…
Critics have questioned the government's ability to effectively implement its new goods and services tax exemption policy, local media reported on May 23. They argue…
The Mongi-Burum hydro-project in Finschhafen, Morobe, could generate an annual return on investment between 800 million and 900 million kina. This projection, reported by local…
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…
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…
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…
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…
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…
