PNG Economics Bulletin

INDEPENDENT COMMISSION AGAINST CORRUPTION TO HELP GROW ECONOMY

INDEPENDENT COMMISSION AGAINST CORRUPTION TO HELP GROW ECONOMY

Prime Minister James Marape expressed his support for the newly formed Independent Commission Against Corruption (ICAC) today, heralding it as a significant milestone in the fight against corruption. The commission

July 12, 2023
NEW SML APPLICATION LODGED TO RESTART POGERA MINE

NEW SML APPLICATION LODGED TO RESTART POGERA MINE

The New Porgera Limited (NPL), company responsible to further develop gold body at Pogera valley in Enga today announced it lodged an application with the Mineral Resources Authority (MRA) for

June 13, 2023
2000 + HOMES FOR PUBLIC SERVANTS IN 2023

2000 + HOMES FOR PUBLIC SERVANTS IN 2023

The National Government plans to build up to two thousand five hundred houses for public servants at the Duran farm this year, according to housing minister Dr Kobby Bomareo. This

April 11, 2023
PNG ECONOMY RETURNS TO GROWTH BACKED BY HIGHER COMMODITY PRICES- 4 % EXPANSION PROJECTED

PNG ECONOMY RETURNS TO GROWTH BACKED BY HIGHER COMMODITY PRICES- 4 % EXPANSION PROJECTED

The  Papua New Guinea  economy is forecast to expand by four percent in 2022, up from one percent in the previous year, according to the latest World Bank Economic Update, released

September 20, 2022
WORLD BANK COMMITS US$200 MILLION TO SUPPORT PNG ROADS, NUTRITION AND EMPLOYMENT

WORLD BANK COMMITS US$200 MILLION TO SUPPORT PNG ROADS, NUTRITION AND EMPLOYMENT

The World Bank’s Board of Executive Directors has approved three new projects with a combined commitment of over US$200 million (PGK722 million). The projects will support Papua New Guinean communities

June 29, 2022
MORE ACTION REQUIRED TO PROMOTE GOOD GOVERNANCE

MORE ACTION REQUIRED TO PROMOTE GOOD GOVERNANCE

Good governance provides a conducive environment for investment and opportunities for employment, which in turn generate government revenue from taxes. However, promoting good governance has been a long-standing issue in

June 28, 2022