Public procurement in Papua New Guinea is set to be subject to the most significant reforms for decades, according to Stephen Massa, Partner and Head of the PNG office for law firm Dentons. The reforms will give preferment to locally-owned suppliers.
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
Papua New Guinea’s state-owned enterprises given pep-talk by Minister, new Credit Guarantee Corporation to be established and Ramu NiCo sales fall. Your weekly digest of the latest business news.
A new Secretary at the Department of Communications, BSP banker retires.
After the successful launch of its first dairy farm and the 9 Mile Highlands Produce Depot last year, Innovative Agro Industry has four major expansion projects underway for 2019. Business Development Manager, Gallit Tamir, tells Business Advantage PNG, they include a second dairy farm, a frozen French fries processing plant, and large-scale coffee, cocoa, grain, stock feed processing and poultry production projects.
They’re creative, they’re tech savvy and they’re keen to share their stories. In the first of a three part series, Lisa Smyth speaks to six Papua New Guineans who are at the forefront of the digital push in PNG.
Twinza Oil is getting closer to producing gas from the Gulf of Papua according to Managing Director Huw Evans. He has outlined ambitious plans for PNG’s first offshore hydrocarbons development.
The nation’s capital is entering 2019 in good shape after hosting APEC at the end of last year, says Rio Fiocco, President of the Port Moresby Chamber of Commerce and Industry. He considers the prospects for business over the next 12 months and beyond.
Board and senior management changes at PanAust, a new Managing Director at the Mineral Resources Authority, a new Tax Partner at KPMG, Ok Tedi’s first female Mine Manager and judicial appointments for the National and Supreme Courts.
Forex turnover more than K4b in October, call for joint PNG-Australia coastguard initiative, and one kina chocolate bar on sale locally. Your weekly digest of the latest business news.