News Releases

15 October 2025
Inclusive Private Sector Reform Could Drive Economic Growth in PNG—ADB PSDI Report

Building an inclusive private sector that enables all Papua New Guineans, including women and people with disabilities, to participate fully in the economy is key to unlocking stronger growth, according to a new assessment launched by PSDI.

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25 September 2025
New Consumer Protection Act to safeguard consumers, strengthen markets in Tonga—ADB

Tonga’s Parliament passed a new Consumer Protection Act on Friday 19 September 2025. The Act, developed with support from the Asian Development Bank’s (ADB) Pacific Private Sector Development Initiative (PSDI), substantially updates Tonga’s legal framework to safeguard consumer rights and promote fa

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25 June 2025
Clear Government Ownership Structures Can Help Boost SOE Performance

Pacific governments can improve the performance of their state-owned enterprises (SOEs) and reduce fiscal risks by implementing clearer and more consistent government ownership and oversight arrangements, according to a policy brief published by the Asian Development Bank’s (ADB’s) PSDI.

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20 May 2025
Papua New Guinea Hosts First Judicial Colloquium on Domestic and International Arbitration

Senior judges in Papua New Guinea gathered in Port Moresby for a landmark Judicial Colloquium on International and Domestic Arbitration, hosted by the PNG Centre for Judicial Excellence with support from the Government of Australia through PSDI.

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21 February 2025
Upgraded Registry Makes Doing Business Simpler, Faster, and Less Expensive in Tonga—ADB

Tonga now has an upgraded online business, foreign investment, and personal property securities registry, developed by the Ministry of Trade and Economic Development, with the support of the Asian Development Bank's Pacific Private Sector Development Initiative.

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11 October 2024
Cook Islands Launches New International Business Registry to Strengthen AML/CFT Compliance—PSDI

The Cook Islands Financial Supervisory Commission (FSC) has launched a secure and state-of-the-art registry for international entities, developed by the Asian Development Bank’s Pacific Private Sector Development Initiative (PSDI), with support from the Government of Australia.

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