With improved export receipts and the prospect of major resources projects starting in 2026, Papua New Guinea’s economy is set for a sustained period of growth. Andrew Wilkins speaks with business leaders in the country about their expectations for the year ahead.
Papua New Guinea’s greylisting by the Financial Action Task Force, the potential re-emergence of forex supply issues and the trickle-down effects of war in the Middle East are all reminders that PNG is increasingly connected to the global economy – for better or worse.
In this exclusive interview with Business Advantage PNG, CEO Mark Robinson reflects on BSP Financial Group’s impressive results. He also provides details of growth plans, including investments in digital channels and a major upgrade of the bank’s ATM network.
New Bank of Papua New Guinea Chair, new Acting Commissioner General at IRC, NBC CEO stands down, new Group Legal Counsel at Steamships, new board chairman at CTSL.
Papua New Guinea is expected to join 20 other jurisdictions on the intergovernmental Financial Action Task Force’s ‘grey list’ in February 2026. However, CEOs in the banking sector tell Business Advantage PNG they are confident they can manage the situation, and are optimistic it will lead to reforms.
Foreign exchange shortages have been the biggest impediment to business in Papua New Guinea for more than a decade. But the situation has improved dramatically in 2025, and businesses are reaping the benefits, as leading CEOs share with Business Advantage PNG.
Papua New Guinea’s central bank is releasing commemorative 50-kina notes and 50-toea coins to mark the 50th anniversary of independence.
The Bank of Papua New Guinea’s Green Finance Centre was established in 2024 to encourage financial institutions to fund sustainability-related projects. The centre’s head Mohinesh Prasad shares the progress being made on green finance – and its potential to boost PNG’s economy.
At this stage, it appears that Papua New Guinea will likely be greylisted by the Financial Action Task Force in early 2026. Zanie Theron, Partner-in-Charge of KPMG’s South Pacific practice, shares what PNG has done so far on greylisting, and the steps the country still must take to address this very serious risk.
Papua New Guinea’s major banks tell Business Advantage PNG they are now seeing a dramatic fall in foreign exchange backlogs. What’s driving this improved forex availability – and is a permanent solution to this critical business impediment at hand?