Malaysia Among PNG’s Top Investors as Perodua Launches in Port Moresby

11/8/2025

Malaysia has cemented its position as one of Papua New Guinea’s leading foreign investors, with more than 700 Malaysian-backed projects worth about K11.4 billion approved between 2015 and 2021, according to Malaysian High Commissioner Hamizan Hashim.

Speaking at the launch of Malaysia’s top-selling car brand, Perodua, in Port Moresby yesterday, Hashim said the investments have created around 20,000 jobs in sectors including hospitality, retail, forestry, finance, construction, agriculture, and real estate.

The Economic Giants Papua New Guineans Created

2/8/2025

Commentary by George Lemako

When we look at the economic reality in Papua New Guinea today, we see a disturbing trend: foreign companies have become the powerhouses of our economy. From resource extraction to retail chains, foreign firms dominate key sectors, leaving local businesses to fight for scraps. The uncomfortable truth is that we have helped create this imbalance.

Resource companies — especially in oil, gas, and mining — are the biggest players. These multinationals move vast amounts of capital and generate massive export revenues. But while they operate on our land, the profits rarely return home. Their earnings are stored in offshore accounts, and their boards and managers are overwhelmingly foreign. The wealth generated by our resources does not stay in PNG.

PNG Surges Towards Economic Brilliance: Marape Woos IMF with Bold Reform Vision in Washington

16/7/2025

Papua New Guinea has taken centre stage on the global economic front, as Prime Minister James Marape delivered a powerful pitch to the International Monetary Fund (IMF) in Washington, pledging unwavering commitment to economic reform, fiscal discipline, and debt sustainability.

At the IMF headquarters, Marape met with Deputy Managing Director Bo Li to showcase PNG’s reform successes—highlighting the clearance of the forex backlog, stabilisation of the kina, and revived investor confidence.

US Tariffs Unlikely to Greatly Affect PNG Exports, Says Economist

4/7/2025

Papua New Guinea’s economy is expected to feel only minor effects from potential US tariff increases, due to the relatively low volume of trade between the two countries, an economist has stated.

Paul Barker, head of the PNG Institute of National Affairs, said that although a proposed 10 per cent tariff on goods entering the US could influence trade, PNG’s coffee and cocoa exports are less sensitive to such price changes. “Consumers treat these items as essentials or indulgences they rarely cut back on,” he explained.

Economist Paul Barker

PNG PM Urges Australian Firms to Invest More, Sets Sights on K200 Billion Economy

26/6/2025

Papua New Guinea’s Prime Minister James Marape has urged the Australian business community to increase its investments in the country, presenting an ambitious 20-project growth plan expected to reshape PNG’s economy.

Marape made the call while addressing the 40th Australia PNG Business Forum and Trade Expo in Port Moresby on Monday, saying his administration remained committed to good governance, regional cooperation, and sustainable growth.

Celebrating 40 years of bilateral economic partnership, the forum was held at The Stanley Hotel and Suites and coincided with PNG’s 50th independence anniversary.

PNG Export Volumes Stagnant Despite Global Commodity Price Boom

11/6/2025

PNG Export Volumes Stagnant Despite Global Commodity Price Boom (file Photo)

Papua New Guinea's economy is now forecast to grow by 4.7 per cent in 2025, surpassing earlier expectations of 3.8 per cent growth, according to ANZ International economist Kishti Sen. He said that if this projection materialises, this year could rank among the best in terms of economic performance over the past decade.

Sen highlighted that although PNG is benefiting from record global commodity prices, export volumes have remained largely unchanged. He explained that it will take at least three years before PNG can significantly expand its export volumes, suggesting the country is currently operating at close to full capacity.

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Malaysia Among PNG’s Top Investors as Perodua Launches in Port Moresby

The Economic Giants Papua New Guineans Created

PNG Surges Towards Economic Brilliance: Marape Woos IMF with Bold Reform Vision in Washington

US Tariffs Unlikely to Greatly Affect PNG Exports, Says Economist

PNG PM Urges Australian Firms to Invest More, Sets Sights on K200 Billion Economy

PNG Export Volumes Stagnant Despite Global Commodity Price Boom

Papua New Guinea Economy Watch

Mining & Petroleum

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Malaysia Among PNG’s Top Investors as Perodua Launches in Port Moresby

The Economic Giants Papua New Guineans Created

​PNG Surges Towards Economic Brilliance: Marape Woos IMF with Bold Reform Vision in Washington

US Tariffs Unlikely to Greatly Affect PNG Exports, Says Economist

PNG PM Urges Australian Firms to Invest More, Sets Sights on K200 Billion Economy

PNG Export Volumes Stagnant Despite Global Commodity Price Boom

Papua New Guinea Economy Watch

Mining & Petroleum

About

Terms

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PNG Surges Towards Economic Brilliance: Marape Woos IMF with Bold Reform Vision in Washington