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Prison · ItalyAn Italian yacht owner, Carlos D’Attanasio, walked free from prison yesterday after Papua New Guinea’s Supreme Court scrapped his 19-year jail term for money laundering linked to a massive 2020 cocaine haul.Italian Freed in PNG Cocaine Case as Court Overturns SentenceHanding down the ruling, Justice David Cannings, alongside Justices Teresa Berrigan and Peter Toliken, declared the original conviction “unsafe” and ordered D’Attanasio’s immediate …See the Story
Italian Freed in PNG Cocaine Case as Court Overturns Sentence
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Papua New Guinea · Papua New GuineaPapua New Guinea Treasurer Ian Ling-Stuckey has announced that the country's debt stock is projected to reach K65 billion by the end of 2025. Speaking in Parliament, the Treasurer outlined the government's fiscal outlook, indicating that borrowing will continue to rise before the country sees a return to surplus.Papua New Guinea Treasurer Ian Ling-Stuckey [Parliament photo]Ling-Stuckey further revealed that the national debt is expected to peak …Read Article
PNG Treasurer Reveals Debt to Reach K65 Billion by Year-End

Economy · Papua New GuineaPrime Minister James Marape has credited the mining and petroleum industry as the bedrock of Papua New Guinea’s economy, calling it an indispensable partner in shaping the nation’s development since the 1970s.The Prime Minister made these comments during a commemorative dinner organised by the PNG Chamber of Resources and Energy (CORE), attended by key players from across the industry. “Your contributions, from Bougainville to PNG LNG, have unde…Read Article