Business news png

Here are some recent business news from Papua New Guinea (PNG):

Economy

• PNG's economy is expected to grow by 2.5% in 2023, driven by increased investment in the extractive industries and infrastructure development. (Source: ADB)
• The country's GDP per capita is estimated to be around PGK 4,500 (USD 1,200) in 2023. (Source: World Bank)

Mining

• The PNG government has approved the development of the Frieda River copper-gold project, which is expected to create thousands of jobs and generate significant revenue for the country. (Source: The National)
• The PNG Chamber of Mines and Petroleum has called for the government to review the mining tax regime to encourage more investment in the sector. (Source: Post-Courier)

Infrastructure

• The PNG government has launched a PGK 1.5 billion (USD 400 million) infrastructure development program, which includes the construction of roads, bridges, and ports. (Source: The National)
• The country's national airline, Air Niugini, has launched a PGK 100 million (USD 27 million) upgrade of its fleet and facilities. (Source: Post-Courier)

Finance

• The PNG government has announced plans to introduce a new financial inclusion policy to increase access to financial services for rural communities. (Source: The National)
• The country's banking sector is expected to grow by 10% in 2023, driven by increased lending to the private sector. (Source: Post-Courier)

Agriculture

• The PNG government has launched a PGK 50 million (USD 13 million) agricultural development program to improve food security and increase agricultural production. (Source: The National)
• The country's coffee industry is expected to grow by 15% in 2023, driven by increased demand from international markets. (Source: Post-Courier)

Energy

• The PNG government has announced plans to increase the country's renewable energy capacity by 20% by 2025. (Source: The National)
• The country's oil and gas sector is expected to grow by 5% in 2023, driven by increased production from existing fields. (Source: Post-Courier)

These are just a few examples of recent business news from Papua New Guinea. If you're looking for more information, I can try to help you find it!