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....
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
The Asian Development Bank (ADB) and Kina Bank Limited have signed a trade finance agreement to bolster international trade in Papua New Guinea (PNG). This partnership enables ADB’s Trade Finance Program (TFP) to provide a credit guarantee facility supporting up...
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
In a bid to boost local rice production and reduce dependence on imports, Trukai Industries has launched the Smart Farmer Internship Program, an initiative aimed at developing skilled rice farmers for commercial-scale production. The program, which commenced in...
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
The Asian Development Bank (ADB) has approved a $24.25 million grant to Papua New Guinea (PNG). This funding, sourced from ADB’s Strategic Climate Fund, aims to integrate climate risk and resilience planning into PNG’s development policies, particularly...
by DevNadkarni | Mar 2, 2025 | 2025, Blog, News
Papua New Guinea’s Minister for Trade and Industry, Richard Maru, has announced a formal inquiry into the country’s oil palm industry as part of the government’s broader reform agenda. The probe, launched in early February 2025, seeks to address issues related to...
by DevNadkarni | Feb 12, 2025 | 2025, Blog, News
Australia is reinforcing its commitment to Papua New Guinea’s economic development through a AUD95.7 million loan to upgrade Kimbe Port in West New Britain Province. This funding, provided under the Australian Infrastructure Financing Facility for the Pacific (AIFFP),...
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