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...
ADB grants $24.25m for climate resilience in PNG
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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...
Digital Currency trial completed successfully
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...
Papua LNG Project advances toward Final Investment Decision
Papua New Guinea’s ambitious Papua LNG project is moving closer to a Final Investment Decision (FID), with Prime Minister James Marape confirming that significant...
PNG, Australia strengthen maritime infrastructure partnership
Papua New Guinea and Australia have taken a significant step towards modernising the nation’s maritime infrastructure with the launch of a Joint Implementation Unit...
PNG Air honoured for outstanding restructuring efforts
Papua New Guinea airline PNG Air, achieved a major milestone in December 2024 by being awarded the Restructuring Airline of the Year Award. This accolade recognises the...
PNG’s AML reforms gain global recognition
Papua New Guinea has achieved a significant milestone in its fight against financial crime, with its Mutual Evaluation Report (MER) officially adopted at the...