Papua New Guinea’s tax agency, the Internal Revenue Commission (IRC), has announced a tax amnesty to encourage the payment of taxes. In this exclusive interview with Business Advantage PNG, Acting Tax Commissioner Sam Koim reveals the IRC’s plans to boost tax compliance.
Papua New Guinea slipped 12 places in the World Bank’s ranking of ease of doing business, but are there any positive signs? David James analyses the report.
Is Papua New Guinea better understood as two economies rather than one? Two economists examine the complexity of the country’s position.
Oil and gas have performed strongly, and there is also an upward trend in metals prices. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.
Papua New Guinea could be on the cusp of a sustained period of strong economic growth, and Fiji should be seeking closer economic ties, says Kishti Sen, International Economist for the ANZ Banking Group, in an exclusive interview with Business Advantage PNG.
What is the future of Papua New Guinea’s stock market? PNGX Chairman David Lawrence believes there is an opportunity to expand the country’s capital markets, while changes to the regulator are also expected. David James explores.
The Papua New Guinea government has brought down a supplementary Budget to address what it described as a ‘record budget deficit.’ The Minister for Treasury, Ian Ling-Stuckey, claimed it is necessary to get the Budget within sound fiscal limits.
What’s happening in Papua New Guinea’s three most important export markets? Demographer Bernard Salt says social trends in China, Australia and Japan will affect the business they do with PNG in the future, and present new opportunities.
Ahead of this week’s expected Supplementary Budget, the Bank of Papua New Guinea’s September Monetary Policy Statement points to continued financial pressures, despite a strong trade performance. David James considers what it means for foreign exchange and domestic demand.