Central bank nudges 2025 growth forecast higher

Central bank nudges 2025 growth forecast higher

Papua New Guinea’s central bank has inched up its 2025 GDP forecast, citing stronger commodity prices, steadier mine output and improved agricultural exports. In a preliminary September outlook presented to the Monetary Policy Committee on 3 September, the Bank of...
New SEZ policy to drive long‑term development

New SEZ policy to drive long‑term development

Papua New Guinea has announced its much‑anticipated 2025 to 2032 Special Economic Zone (SEZ) Foundation Policy, positioning it as a central feature of its long‑term economic development strategy. The policy was officially introduced at a high‑profile ceremony held at...
Using AI to revolutionise public service delivery

Using AI to revolutionise public service delivery

Papua New Guinea’s homegrown fintech, NiuPay, is rapidly transforming how government services operate, using artificial intelligence to improve revenue collection and streamline public processes. In a market where global tech giants have struggled, NiuPay is emerging...