Lifting the tax credit scheme to five per cent would see a big boost in road building and maintenance, according to the General Manager of West New Britain’s Hargy Oil Palms, Graham King.
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Global and domestic factors have combined to slow Papua New Guinea’s economy. However, as Andrew Wilkins discovers, the Pacific nation’s business leaders are still confident about its future prospects.
Over 60,000 expat workers are employed in Papua New Guinea. As its economy has grown, the number of foreign workers coming to Papua New Guinea has increased. Scott Roberts of recruitment consultants Cadden Crowe describes some dos and don’ts when bringing expats to PNG.
The Bougainville conflict, which lasted from 1988-1998, was critical to defining how sovereign risk was perceived in Papua New Guinea. Former PNG Prime Minister, Sir Julius Chan, knew that keeping the island was vital both for the PNG economy and the nation’s status as an investment destination. He reflects on the extraordinary events in his autobiography.
Papua New Guinea’s growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG’s global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.
Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.
Papua New Guinea’s currency, the kina, has fallen over the last year; many are predicting it will go lower. Business Advantage PNG talks exclusively to two analysts about where the currency is headed and how it will affect business conditions.
ANZ Bank’s regional CEO to retire, senior management changes at Santos
Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.
The CEO to the fishing organisation, the Parties to the Nauru Agreement, to step down and Hayward-Jones leaves the Lowy Institute.