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...
Promising signs in PNG’s economic recovery: IMF
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New aircraft set to modernise Air Niugini fleet
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...
Concern as Solomon Islands goods flood Bougainville
A recent surge of goods entering Bougainville from the Solomon Islands has sparked significant economic and regulatory concerns. Products ranging from food items to...
ADB, Kina Bank forge trade finance partnership
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...
Trukai empowers rice farmers to become commercial growers
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...
ADB grants $24.25m for climate resilience in PNG
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...
Oil palm industry under probe as reform push intensifies
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...
Pacific Marine Group to lead works for Kimbe Port upgrade
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....
Govt remains committed to 2027 Budget surplus target
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,...
50th Independence Anniversary logo, theme unveiled
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...
Major tax reforms to boost investment, economic growth
A comprehensive tax reform package aimed at attracting foreign investment, boosting business confidence, and enhancing economic stability in Papua New Guinea has been...
Superannuation reform to strengthen financial security
A bold superannuation reform aimed at enhancing retirement benefits and financial security for Papua New Guineans has recently been announced by Prime Minister James...