Papua New Guinea’s 2026 National Budget, delivered last week, outlines record government spending, while keeping PNG on track to achieve a budget surplus by 2027. It also shifts the narrative “towards opportunity”, as one expert notes, with investments in key development priorities. We take a closer look at the implications for business.
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.
The risks to businesses in Papua New Guinea from cyber crime continue to rise as more business activity is conducted online. Business Advantage PNG gets some timely tips from one of KPMG’s top cyber experts on what you can do to protect your business, and also looks at how global payments giant Visa is working to protect online transactions.
Special economic zones, green finance, privatisations and more: Business Advantage PNG lists five key focus areas to look out for in Papua New Guinea’s investment space this year.
Papua New Guinea’s new, modern Income Tax Bill 2025 was passed by Parliament on 20 March, although it is yet to be certified into law. Karen McEntee, Partner, Business & Tax Advisory in KPMG’s PNG office, analyses the key reforms.
Interviews conducted for the annual Business Advantage PNG print magazine, to be launched in March, reveal a newfound appetite for investments outside of Papua New Guinea’s capital.
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
There is a “a wave of regulation on climate disclosure coming into effect all over the world,” including in all Papua New Guinea’s major trading partners, reports Geri McMahon, KPMG Australia’s Global Head of ESG, Asset Management Sector. Watch her presentation on what business needs to know from the 2024 Business Advantage PNG Investment Conference.
Geopolitics is increasingly having an impact on businesses in Papua New Guinea across all sectors. In this piece, the team at KPMG Australia’s Geopolitics Hub shares their top eight geopolitical risks for PNG businesses to watch out for.
The decarbonisation of the global economy is going to create the greatest investment opportunity of our lifetime, according to KPMG’s Global Oil and Gas Lead, Jonathan Parker. But how do companies prepare, and what role does government have in making it happen?