The chief executive officer of the Spice Industry Board, Michael Waisime, on December 18 said a new spice policy formulated by the government aims to…
Prime Minister James Marape on December 16 lauded the performance of the Internal Revenue Commission (IRC) which he said collected 65 billion kina in state…
Former deputy prime minister Davis Steven has questioned the rationale behind a recent amendment to the Central Banking Act. A lawyer by profession, Steven said…
The central government has secured $60 million (240 million kina) from the Asian Development Bank (ADB) to establish national markets for horticultural products in Papua…
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,…
Oil Palm Minister Francis Maneke on December 9 said the oil palm industry contributes more than 2 billion kina to the economy. Maneke made the…
Australian assistant minister for trade Tim Ayres on December 9 said his government spends over 500 million kina or around $200 million dollars in infrastructure…
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…
Autonomous Bougainville Government (ABG) Vice President Patrick Nisira on December 3 launched the Bougainville economic roadmap. Nisira, who is also the ABG’s Commerce, Trade, Industry,…
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…
The central government will exempt the goods and services tax (GST) for 13 staple goods starting from July 2025, Prime Minister James Marape said on…
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 International Monetary Fund (IMF) has a three-year program tailored to support Papua New Guinea’s (PNG) 2025 National Money Plan, IMF PNG office head Sohrab…
The agriculture sector has had a mixed performance in 2024 against the government’s budget projections for the year. One of the key issues has been…
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…
Former prime minister Peter O'Neill said the closure of the Porgera mine has resulted in 26 billion kina in losses to the state. O'Neill made…
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…
Economist and executive director of Institute of National Affairs (INA) Paul Barker on November 11 said national economic growth in Papua New Guinea (PNG) had…
The country’s minimum wage of 3.5 kina per hour is now under review, 10 years since the Minimum Wages Board set the current rate in…
Papua New Guinea posted a 3% increase in GDP for 2023, according to the latest report released by the National Statistical Office (NSO) on November…
Think-tank Institute of National Affairs (INA) said the 2025 state budget is expected to be set at around 28 billion kina due to the modest…
China remains the largest trading partner of Papua New Guinea (PNG) with 13 billion kina worth of annual trade from January to August. Chinese Ambassador…
