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...
Mixed signals on economic outlook in ADB, Central Bank forecasts
read more
‘Yumi Stap Wantaim’: PNG-Australia ties mark 50 years of independence
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...
BSP launches dedicated Business Bank to drive SME growth
Bank South Pacific (BSP) has launched a standalone Business Bank unit in Port Moresby, reaffirming its strategic commitment to modernising financial services and...
PNG redirects trade focus to Asia amid U.S. tariffs
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,...
2025 Budget simplifies taxation for SMEs
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...
PNG taps green finance and petroleum partners at summit
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...
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...