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),...
by DevNadkarni | Feb 12, 2025 | 2025, Blog, News
Papua New Guinea remains steadfast in its plan to bring the budget back to surplus by 2027, this year’s will be its record 15th consecutive deficit budget. This goal, outlined in its long-term fiscal strategy, underscores a cautious yet disciplined approach to...
by DevNadkarni | Feb 12, 2025 | 2025, Blog, News
Papua New Guinea has officially launched its 50th Independence Anniversary logo and theme, marking a significant milestone in the nation’s history. The golden jubilee celebrations, scheduled for 16 September 2025, are expected to attract global investors, diplomatic...
by DevNadkarni | Feb 12, 2025 | 2025, Blog, News
A comprehensive tax reform package aimed at attracting foreign investment, boosting business confidence, and enhancing economic stability in Papua New Guinea has been unveiled earlier this month. The reforms include corporate tax adjustments, investment incentives,...
by DevNadkarni | Feb 12, 2025 | 2025, Blog, News
A bold superannuation reform aimed at enhancing retirement benefits and financial security for Papua New Guineans has recently been announced by Prime Minister James Marape. The changes, announced in a recent address, are designed to modernise the superannuation...
by DevNadkarni | Feb 12, 2025 | 2025, Blog, News
The Bank of Papua New Guinea has successfully completed its Central Bank Digital Currency (CBDC) pilot program, marking a major milestone in Papua New Guinea’s financial technology sector. The Digital Kina trial was conducted in partnership with Soramitsu, a Japanese...
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