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...
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