by DevNadkarni | May 15, 2025 | 2025, Blog, News
Papua New Guinea’s economic prospects for 2025 present a cautiously optimistic picture, with both the Asian Development Bank (ADB) and the Bank of Papua New Guinea (BPNG) projecting modest growth underpinned by activity in resource and non-resource sectors, but...
by DevNadkarni | May 15, 2025 | 2025, Blog, News
The launch of Australia’s Yumi Stap Wantaim campaign –a year-long celebration of Papua New Guinea’s 50th year of independence– has been welcomed by Prime Minister James Marape as a timely affirmation of the evolving partnership between PNG and its closest bilateral...
by DevNadkarni | May 15, 2025 | 2025, Blog, News
Bank South Pacific (BSP) has launched a standalone Business Bank unit in Port Moresby, reaffirming its strategic commitment to modernising financial services and supporting the growth of small and medium-sized enterprises (SMEs) across Papua New Guinea. The BSP...
by DevNadkarni | May 15, 2025 | 2025, Blog, News
In April 2025, the United States imposed a 10 per cent tariff on all goods exported from Papua New Guinea, catching many Pacific Island economies off guard. The move, which was part of broader U.S. trade policy re-calibrations, was seen as an effort to protect...
by DevNadkarni | May 15, 2025 | 2025, Blog, News
The 2025 National Budget of Papua New Guinea has introduced one of the most SME-friendly fiscal frameworks in the country’s recent history. Delivered by Treasurer Ian Ling-Stuckey, the budget includes simplified tax requirements, targeted incentives, and continued...
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...
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