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Countdown begins for Pacific Infrastructure Conference-2

Countdown begins for Pacific Infrastructure Conference-2

May 15, 2025 | 2025, Blog, News

The countdown has begun for the second Pacific Infrastructure Conference, set to take place from 18-20 August 2025 at the Brisbane Convention and Exhibition Centre. The...

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Ewen McDonald takes up post as Australia’s High Commissioner

Ewen McDonald takes up post as Australia’s High Commissioner

May 15, 2025 | 2025, Blog, News

Australia’s new High Commissioner to Papua New Guinea, His Excellency Mr Ewen McDonald, arrived in Port Moresby on 7 May 2025 to formally commence his diplomatic...

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Mixed signals on economic outlook in ADB, Central Bank forecasts

Mixed signals on economic outlook in ADB, Central Bank forecasts

May 15, 2025 | 2025, Blog, News

Papua New Guinea’s economic prospects for 2025 present a cautiously optimistic picture, with both the Asian Development Bank (ADB) and the Bank of Papua New Guinea...

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‘Yumi Stap Wantaim’: PNG-Australia ties mark 50 years of independence

‘Yumi Stap Wantaim’: PNG-Australia ties mark 50 years of independence

May 15, 2025 | 2025, Blog, News

The launch of Australia’s Yumi Stap Wantaim campaign –a year-long celebration of Papua New Guinea’s 50th year of independence– has been welcomed by Prime Minister James...

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BSP launches dedicated Business Bank to drive SME growth

BSP launches dedicated Business Bank to drive SME growth

May 15, 2025 | 2025, Blog, News

Bank South Pacific (BSP) has launched a standalone Business Bank unit in Port Moresby, reaffirming its strategic commitment to modernising financial services and...

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PNG redirects trade focus to Asia amid U.S. tariffs

PNG redirects trade focus to Asia amid U.S. tariffs

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,...

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2025 Budget simplifies taxation for SMEs

2025 Budget simplifies taxation for SMEs

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...

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PNG taps green finance and petroleum partners at summit

PNG taps green finance and petroleum partners at summit

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...

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Minister invites Chinese giant for energy investment

Minister invites Chinese giant for energy investment

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...

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Income Tax Act 2025: Key business reforms and implications

Income Tax Act 2025: Key business reforms and implications

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...

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Growth forecast lowered amid energy, infrastructure hurdles

Growth forecast lowered amid energy, infrastructure hurdles

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...

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IRC tightens tax net with digital tools, audit blitz

IRC tightens tax net with digital tools, audit blitz

Apr 14, 2025 | 2025, Blog, News

Papua New Guinea’s Internal Revenue Commission (IRC) has ramped up its tax compliance campaign, aiming to close gaps between registered taxpayers and actual revenue...

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