Australia Papua New Guinea Business Council
Australia Pacific Islands Business Council
Australia Pacific Islands Business Council
Concern as Solomon Islands goods flood Bougainville

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 clothing are flooding markets in towns like Arawa and Buin, often bypassing official taxation channels....
ADB, Kina Bank forge trade finance partnership

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 enables ADB’s Trade Finance Program (TFP) to provide a credit guarantee facility supporting up to $4...
Trukai empowers rice farmers to become commercial growers

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 developing skilled rice farmers for commercial-scale production. The program, which commenced in...
ADB grants $24.25m for climate resilience in PNG

ADB grants $24.25m for climate resilience in PNG

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 integrate climate risk and resilience planning into PNG’s development policies, particularly benefiting...
Pacific Marine Group to lead works for Kimbe Port upgrade

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. This funding, provided under the Australian Infrastructure Financing Facility for the Pacific (AIFFP),...
Govt remains committed to 2027 Budget surplus target

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, outlined in its long-term fiscal strategy, underscores a cautious yet disciplined approach to...