by DevNadkarni | Apr 14, 2025 | 2025, Blog, News
The Green Finance Summit 2025, held from March 24–26 at the Hilton Hotel in Port Moresby, marked a pivotal moment in Papua New Guinea’s commitment to sustainable economic development. Organised by the Green Finance Centre (GFC) under the auspices of the Bank of...
by DevNadkarni | Apr 14, 2025 | 2024, 2025, News
Papua New Guinea’s Minister for Petroleum, Jimmy Maladina, has extended a formal invitation to one of the world’s largest construction and infrastructure firms, the China State Construction Engineering Corporation (CSCEC), to consider investment opportunities in Papua...
by DevNadkarni | Apr 14, 2025 | 2025, Blog, News
Papua New Guinea’s Parliament unanimously passed the long-awaited Income Tax Bill 2025 on 20 March, marking a major milestone in the country’s tax reform agenda. The new Income Tax Act (ITA), effective from 1 January 2026, introduces several structural and...
by DevNadkarni | Apr 14, 2025 | 2025, Blog, News
Papua New Guinea’s economic growth is projected to decelerate to 4.2per cent in 2025 and 3.8per cent in 2026, according to the Asian Development Bank’s (ADB) latest regional forecast released in early April 2025. The figures represent a modest slowdown from the 5.1per...
by DevNadkarni | Apr 14, 2025 | 2025, Blog, News
Papua New Guinea’s Internal Revenue Commission (IRC) has ramped up its tax compliance campaign, aiming to close gaps between registered taxpayers and actual revenue collection. The announcement came in March 2025, when the IRC revealed plans to conduct targeted audits...
by DevNadkarni | Apr 14, 2025 | 2025, Blog, News
The 2025 Fiji-PNG Business Mission marked a major milestone in bilateral trade and investment cooperation between Fiji and Papua New Guinea. Hosted by Investment Fiji in March 2025, the mission was led by Fiji’s Deputy Prime Minister and Minister for Trade, Manoa...
by DevNadkarni | Apr 14, 2025 | 2025, Blog, News
Papua New Guinea and the International Monetary Fund (IMF) have reached a staff-level agreement on the fourth review under the Extended Credit Facility (ECF) and Extended Fund Facility (EFF), as well as the first review under the Resilience and Sustainability Facility...
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
Papua New Guinea’s economic landscape is exhibiting promising signs of recovery, as highlighted by the International Monetary Fund’s recent assessments. The nation’s economic growth is projected to reach 4.5 per cent in 2024, up from 2.9 per cent in...
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
Air Niugini has embarked on a transformative re-fleeting programme valued at approximately NZ$2 billion—the most substantial investment in its 52-year history. This strategic initiative, spanning from 2025 to 2028, aims to modernise the airline’s fleet, enhance...
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
A recent surge of goods entering Bougainville from the Solomon Islands has sparked significant economic and regulatory concerns. Products ranging from food items to clothing are flooding markets in towns like Arawa and Buin, often bypassing official taxation channels....
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