Business Advantage PNG

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Marape flags new resources regime for Papua New Guinea

Opening the 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Prime Minister James Marape has warned investors that changes are coming to Papua New Guinea’s resources regime.

Five questions for Mauro Leone, Area General Manager for IHG in Papua New Guinea

IHG (Intercontinental Hotels Group) PNG is represented by the Holiday Inn Suites, Holiday Inn Express and the Crowne Plaza Residences in Port Moresby. We sat down with IHG’s Area General Manager Mauro Leone to see how the group is trading — and what he expects from the year to come.

Opportunities for business in reopened Fiji and Solomon Islands

With key Pacific economies such as Fiji and the Solomon Islands now opened up after COVID, what opportunities do they offer Papua New Guinea-based businesses, and what are the keys to success? Some experts provide their insights.

Foreign exchange shortages still biting business in Papua New Guinea

The Bank of Papua New Guinea expects a ‘windfall’ from higher international commodity prices to alleviate some of the country’s foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.

Six reasons to take your business into the cloud, according to Amazon

Improved internet services in Papua New Guinea present businesses with opportunities to transform the way they work. Amazon Web Service’s Craig Lawton offers some timely on what ‘the cloud’ can offer.

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In brief: K92 gets lease extension for Kainantu mine and other business stories

Canadian company K92 Mining gets lease extension, PNG DataCo announces cables damaged after the September earthquake have been repaired and Kina Bank changes plans because of the raise in corporate tax. Your business news, curated and summarised.

Papua New Guinea’s Treasurer announces largest Budget ever for 2023

The first National Budget of the returned Marape Government predicts record government revenues and expenditure in 2023, with significant increases in spending on infrastructure, law and order, education and health.