by DevNadkarni | May 5, 2024 | Blog, News
The Bank of Papua New Guinea (BPNG) anticipates a rebound in the country’s real GDP growth in 2024, led by robust performance in the mineral sector, according to Central Bank Governor Elizabeth Genia. The March 2024 Monetary Policy Statement revealed that a projected...
by DevNadkarni | May 5, 2024 | Blog, News
Papua New Guinea is gearing up for a promising economic future, driven by strategic investments in mining, infrastructure, and small business development. As the country moves toward economic stability and growth, several pivotal projects and initiatives stand out,...
by DevNadkarni | May 5, 2024 | Blog, News
Air Niugini has announced the suspension of its weekly services from Brisbane to Palau via Port Moresby, effective May 1, 2024. This decision marks a significant shift in air travel connectivity between Papua New Guinea, Palau and the northern Pacific islands. The...
by DevNadkarni | May 5, 2024 | Blog, News
The World Bank has issued a stark warning to Papua New Guinea, underlining the urgent need to tackle what it describes as a “human capital crisis” plaguing the nation. In its annual economic update released on recently, the World Bank underscored the critical...
by DevNadkarni | Apr 9, 2024 | Blog, News
Two distinguished figures, former Tasmania Premier The Hon Peter Gutwein GAICD, and rugby league icon Malcolm Norman Meninga AM, are set to grace the 39th Australia Papua New Guinea Business Forum on the Gold Coast from May 13 to 15. Their attendance promises a...
by DevNadkarni | Apr 8, 2024 | Uncategorized
Papua New Guinea’s Minister for International Trade and Investment, Richard Maru, affirmed his country’s stance of the last decade to abstain from joining PACER Plus during his initial meeting with the new Australian High Commissioner to Papua New Guinea,...
by DevNadkarni | Apr 8, 2024 | Blog, News
Papua New Guinea’s National Gold Corporation Bill 2022 is stirring significant concern within the country’s mining sector and the larger economy, as it threatens to establish a gold monopoly that could have disastrous consequences, warns the PNG Chamber of Resources...
by DevNadkarni | Apr 8, 2024 | Blog, News
Qantas has announced the launch of a new direct connection between Sydney and Port Moresby. The national carrier inaugurated its maiden service on 2 April, marking its first commercial passenger flight between the two cities in over five decades. Operating twice a...
by DevNadkarni | Apr 7, 2024 | Blog, News
In a concerted effort to uplift the skills and expertise within Papua New Guinea’s aviation sector, Australia Awards has been instrumental in empowering over 1,400 Papua New Guineans since 2011 to pursue extensive studies in Australia. Among these beneficiaries...
by DevNadkarni | Apr 7, 2024 | Blog, News
In a recent business meeting in Lae, Papua New Guinea, Westpac economist Justin Smirk highlighted six key challenges hampering Papua New Guinea’s economy and businesses. These issues include a shortage of expertise and skills, foreign exchange concerns, security...
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