The sovereign wealth fund of Papua New Guinea (PNG) has received its first deposit of Kina5.6m (US$1.6m) in dividends from Kumul Consolidated Holdings, the country's trust for all state interests in ...

According to its own legislation, the government should save a significant part of the windfall in its Sovereign Wealth Fund (SWF). But in the 2023 budget, the government decided instead to ‘fully ...