Welcome to the February 2026 edition of KPMG PNG Kundu. This edition focuses on the key issues shaping the operating environment in Papua New Guinea, including rising cyber risks and the need for stronger operational resilience, significant tax and regulatory changes, and evolving compliance requirements. Organisations are also dealing with the implications of a “crawling peg” decline in foreign exchange rates along with the recently announced grey listing.

In this issue, we also examine broader geopolitical shifts affecting middle‑power economies and their implications for businesses in our region. Together, these insights highlight the importance of preparedness, adaptability and informed decision‑making as organisations navigate an increasingly complex year ahead.