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...
PNG taps green finance and petroleum partners at summit
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Minister invites Chinese giant for energy investment
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...
Income Tax Act 2025: Key business reforms and implications
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...
Growth forecast lowered amid energy, infrastructure hurdles
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...
IRC tightens tax net with digital tools, audit blitz
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...
Fijian delegation courts new opportunities in PNG’s expanding market
The 2025 Fiji-PNG Business Mission marked a major milestone in bilateral trade and investment cooperation between Fiji and Papua New Guinea. Hosted by Investment Fiji...
IMF endorses PNG’s reform progress; PGK 445m in support
Papua New Guinea and the International Monetary Fund (IMF) have reached a staff-level agreement on the fourth review under the Extended Credit Facility (ECF) and...
Promising signs in PNG’s economic recovery: IMF
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...
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...