International Trade and Investment Minister Richard Maru has made a commitment to delivering the Papua New Guinea (PNG)-China Free Trade Agreement (FTA) Joint Feasibility Study…
Papua New Guinea has been stricken with a low inflation period, according to the Bank of Papua New Guinea (BPNG). The situation has steadily increased…
Persistent cash flow issues have hampered public service delivery and development, an official said. Opposition leader Douglas Tomuriesa said the entire operation of West New…
Growth in the tourism sector is being hampered by expensive flights and accommodation, Tourism, Arts and Culture Minister Belden Namah said. Tourism in Papua New…
The Bank of Papua New Guinea (PNG) expects domestic economic growth to increase by 3% this year. Bank of PNG Governor Elizabeth Genia said growth…
Papua New Guinea (PNG) is among Pacific Island countries with a high debt distress risk, a report from the Asian Development Bank (ADB) said. ADB…
The tourism sector contributed over 30 million kina to the economy so far in 2024, marking a significant boost for the tourism sector. That figure…
The Internal Revenue Commission (IRC) signed agreements on September 20 with two state agencies in the fisheries and the information communication technology sectors to ensure…
A leaked Finance Department cash flow report showed unpaid bills from 2023 and poor revenue collections in 2024 were reported as key reasons for an…
Papua New Guinea’s Customs and Excise Department has collected over 1.8 billion kina in revenue in the first half of 2024, commissioner David Towe said.…
Telecommunications costs have gone down by 90% in the country from 2020 to 2024, Department of Information and Communications Technology (DICT) secretary Steven Matainaho said.…
Prime Minister James Marape called for a more concerted effort among leaders of the Pacific in developing the region’s fisheries, especially in the downstream processing…
Much of Papua New Guinea’s economic wellbeing has not improved over the last decade, the World Bank said. Senior World Bank economist Sharad Tandon said…
It is difficult to attract American companies to invest in Papua New Guinea if they continue to go through the frustrations of establishing themselves in…
Only 1% of the total population has access to insurance and 10% of the population has superannuation or retirement savings, UN Capital Development Fund (UNCDF)…
Papua New Guinea over the last three years has seen improvement in the ease of doing business, Investment Promotion Authority Board chairman Leon Buskens said.…
International Trade and Investment Minister Richard Maru said Papua New Guinea’s future markets are largely dependent on China. The statement was made during the groundbreaking…
