Commercial banks in PNG oppose new increase in tax
Two major commercial banks in Papua New Guinea have opposed the 45 percent tax on the banking sector to come into effect next year. BSP Financial Group Limited chief executive officer, Robin Fleming said as BSP
PNG Govt pass US$6.8 billion budget
Another year, another record deficit budget for Papua New Guinea. On Tuesday, Treasurer Ian Ling-Stuckey presented his long awaited 2023 money plan to Parliament – with a price tag of K24 billion (US$6.8 billion).
PNG Parliament to consider use of three main languages
The National Parliament will consider allowing the translation of parliamentary proceedings, Assistant Speaker Agena Gamai said. Gamai said in response to questions without notice from Morobe Governor Luther Wenge to
Bi-partisan Parliament committee to better PNG electoral process
Papua New Guinea Prime Minister James Marape wants a bi-partisan parliamentary committee to work immediately on a submission to go before cabinet next year 2023, on how to improve the country’s electoral process. With
PNG wins majority stake in Barrick-Zijin gold mine
Barrick Gold Corp has reached a deal that gives the Papua New Guinea government a majority share in the Porgera gold mine as part of plans to restart operations, the company said on Friday. The deal will set a benchmark
‘English Channel Swim for Cheshire Disability Services’
An open ocean swim between England and France is the latest fundraising activity being planned for Cheshire Disability Services, the leading charity for people living with disabilities in PNG. The swim is being
Australian pilot sentenced to 18 years in PNG
An Australian pilot linked to the biggest drug bust in Papua New Guinea has been convicted and jailed for 18 years. The Waigani National Court on Friday sentenced David John Cutmore, 57, of Williams Landing, Queensland,
PNG economy forecast to pass K110 billion in 2022
The PNG economy is estimated to go pass a K110 billion (US$31 billion) in 2022. Prime Minister James Marape speaking at the 2022 PNG Update hosted by the University of PNG in Partnership with the Australia National
Corruption, a major impediment to PNG businesses
Corruption in the systems of government has continued to be a major impediment to businesses, the Small Medium Enterprises, new investors as well as existing companies operating in Papua New Guinea. The director of the
PNG Court orders Govt premises unlocked
The Mexican standoff over the closure of PNG government offices due to nonpayment of rentals has ended. The National Court last Friday ordered landlord Nambawan Supa Limited to remove all locks to Vulupindi Haus,
Concerns raised over log exports to Malaysia
Nearly 70 percent of Papua New Guinea round log exports between 2019 and 2021 were concentrated in the hands of just ten groups of companies, all with strong links to Malaysia, according to new research by Act Now! and
