by DevNadkarni | Jun 8, 2025 | 2025, Blog, News
Papua New Guinea’s Kimbe Port is poised for a major transformation under an AUD 32 million (PGK 80 million) infrastructure upgrade contract awarded to local construction firm Global Construction Ltd. The project forms part of a broader initiative backed by the...
by DevNadkarni | Jun 8, 2025 | 2025, Blog, News
In a major effort to cushion households from the rising cost of living, the Papua New Guinea government has announced the removal of the Goods and Services Tax (GST) on 13 essential items, effective from 1 June 2025. The tax relief measure, which will run until 30...
by DevNadkarni | Jun 8, 2025 | 2025, Blog, News
Papua New Guinea’s agricultural export sector marked a significant breakthrough in May 2025 with the country’s first-ever coffee shipment to Dubai. The landmark consignment—comprising 121 bags of premium green bean coffee and weighing 7.3 tonnes—was airlifted via...
by DevNadkarni | Jun 8, 2025 | 2025, Blog, News
Japanese mining company Nittetsu Mining Co. Ltd has expressed strong interest in investing in Papua New Guinea’s resource-rich mining sector, particularly in copper and limestone projects. The move comes as PNG continues to court foreign investment to revitalise its...
by DevNadkarni | Jun 8, 2025 | Uncategorized
Papua New Guinea is undertaking a comprehensive overhaul of its trade and investment policies to enhance its appeal to investors and stimulate economic development. Minister for International Trade and Investment, Richard Maru, announced these reforms during the 8th...
by DevNadkarni | May 15, 2025 | 2025, Blog, News
The countdown has begun for the second Pacific Infrastructure Conference, set to take place from 18-20 August 2025 at the Brisbane Convention and Exhibition Centre. The event will bring together decision-makers, developers, investors, and community voices from across...
by DevNadkarni | May 15, 2025 | 2025, Blog, News
Australia’s new High Commissioner to Papua New Guinea, His Excellency Mr Ewen McDonald, arrived in Port Moresby on 7 May 2025 to formally commence his diplomatic posting, reinforcing the continuity of one of Australia’s most significant regional partnerships. Mr...
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...
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