Business leaders are not quite ready to call it, but there are promising signs as Papua New Guinea celebrates its 50th anniversary of independence. Business Advantage PNG spoke with the country’s top CEOs to learn more about current business conditions.
Economic update: Will 2025 be Papua New Guinea’s golden year?
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1 Apr 2025 by Leave a Comment
Papua New Guinea’s 2025 National Budget: what’s in it for business?
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4 Dec 2024 by Leave a Comment
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
People moves: Treasury, Bank of Papua New Guinea, World Bank, Datec PNG, IFC and Port Moresby Nature Park
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2 Jul 2024 by Leave a Comment
Treasurer reinstated and Bank of Papua New Guinea appoints new Financial Analysis and Supervision Unit (FASU) Director.
Opinion: How exposed is Papua New Guinea’s economy to a tiny cluster of companies?
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14 Feb 2023 by 2 Comments
Papua New Guinea relies heavily on a limited number of taxpayers. Paul Barker, Executive Director of industry-funded think tank, the Institute of National Affairs, considers the implications for government expenditure and PNG’s foreign exchange situation.
In brief: Papua New Guinea’s Treasurer meets with global rating agencies & other business stories
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5 Oct 2022 by Leave a Comment
Treasurer Ian Ling-Stuckey met with two global rating agencies to talk about Papua New Guinea and its loan history, the United States pledges about K2.8 million in programs for the Pacific and Prime Minister Marape green lights the Japan Development Institute to work on a new Special Economic Zone (SEZ) Master Plan. The business news you need.
Papua New Guinea’s economy set for medium term growth: IMF
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20 Jul 2022 by 2 Comments
Papua New Guinea’s economy has weathered the COVID pandemic well, according to the International Monetary Fund’s latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG’s government still needs to address.
Papua New Guinea’s plan to balance the budget [analysis]
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8 Dec 2021 by Leave a Comment
Papua New Guinea’s 2022 National Budget focuses on health, growth and reducing its deficit by 2027, but can this be achieved? Economists Stephen Howes and Kelly Samof consider the evidence.
In brief: Taking back Papua New Guinea’s forestry sector and other business stories
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24 Nov 2021 by 1 Comment
Forestry Minister unveils plans to ‘take back the forestry sector’, Minister for Fisheries says funding is needed for the Pacific Maritime Industrial Zone and the Chamber of Mines and Petroleum questions gold refinery and mint project in Papua New Guinea. The business news you need today.
Papua New Guinea secures spot in World Expo but urgent action needed
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17 May 2021 by Leave a Comment
This year, the United Arab Emirates has provided economic support to small nations, including Papua New Guinea, to join the Expo 2020 Dubai. However, PNGs’ Expo Commissioner Joshua Kalinoe has issued an urgent call for support to ensure PNG’s pavilion is ready.
In brief: NCSL’s plans to become ‘best electronic bank’ in Papua New Guinea and other business stories
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21 Apr 2021 by Leave a Comment
NCSL talks about its plans to become an ebank, Papua New Guinea’s Treasurer, Ian Ling-Stuckey reveals potential second economic stimulus package for MSMEs and changes in taxation collection in Bougainville. The business news in brief.
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