Economic growth in East Asia and the Pacific (EAP) is projected to slow to 4% this year from 5% last year, according to the World…
Wilson Thompson, president of the Highlands Smart Farmers Association (HSFA), on April 25 said agriculture, particularly in rural areas, remains stagnant despite numerous government efforts…
The Department of Finance has announced that it will not process any payment instructions that do not align with the approved 2024 and 2025 national…
Prime Minister James Marape has warned citizens to prepare for economic challenges as global fallout from US tariff hikes begins to take effect. Marape said…
Tariffs imposed by the US on Pacific Island nations and China will not halt global development but instead create new opportunities for economic cooperation, China’s…
International Trade and Investment Minister Richard Maru on April 14 launched a consultation workshop to assess the impact of new US tariff increases on Papua…
State-Owned Enterprise (SOE) Minister William Duma highlighted concerns over low financial literacy in rural Papua New Guinea during the launch of the National Banking Corporation…
The Department of Finance has clarified that the 50,000 kina check payment threshold, effective since October 2024 under Finance Instruction 08/2024, is not a new…
The Internal Revenue Commission (IRC) is developing significant tax reforms to reduce financial burdens on workers and businesses in anticipation of the nation's 50th Independence…
The Bank of Papua New Guinea (BPNG) announced a forecast of positive economic upturn for the country in 2025 on April 10, driven by robust…
Papua New Guinea will 'immediately' lift a ban on forest carbon credit schemes, the Pacific nation's climate minister said, opening up its vast wilderness to…
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…
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…
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…
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…
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 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…
The National Executive Council (NEC) approved the National Palm Oil Policy 2025-2030 during a meeting on March 10. This comprehensive policy framework aims to provide…
The National Statistical Office (NSO) has revised Papua New Guinea's (PNG) growth forecast for 2023 to 3.8%, an increase from the previous estimate of 3.0%.…
