Like it or not, geo- and climate politics look set to have an even stronger influence on PNG’s business and investment agenda.
Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?
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21 Jul 2021 by 1 Comment
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
Searching for the green shoots
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16 Jul 2021 by Leave a Comment
For the time being, PNG’s economy appears to be managing its way through the COVID-19 crisis. According the Treasurer Ian Ling-Stuckey in the Final Budget Outcome for 2020, released in the past week, the ‘economic impact of the health crisis remained within our initial estimates.’
Taking Papua New Guinea to the world
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1 Jun 2021 by Leave a Comment
A couple of weeks ago, Business Advantage International hosted a small, high-level gathering of PNG-focused business leaders in Sydney, Australia.
Forum hears of challenging business conditions in Papua New Guinea
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26 May 2021 by Leave a Comment
The Australia–Papua New Guinea Business Council is holding its 36th business forum and trade expo this week in Brisbane. Business Advantage PNG reports from the event, which is both a physical and online event this year.
Economic update: Beyond COVID-19 in Papua New Guinea
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18 May 2021 by Leave a Comment
2021 promises to be a year like no other in Papua New Guinea, as business leaders look beyond the COVID-19 crisis to an economy preparing for a major transition. They share their expectations with Andrew Wilkins.
Never let a good crisis go to waste
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13 Apr 2021 by Leave a Comment
The positive news that the Marape government and Barrick Gold have reach a ‘binding framework agreement’ for the reopening of the Porgera gold mine is being welcomed with relief by almost all concerned.
Shifting through the low gears
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5 Mar 2021 by Leave a Comment
Given the delicate state of Papua New Guinea’s economy, as indicated by recent World Bank and Asian Development Bank forecasts, the news last month that the final legislative hurdle for the Papua LNG project had been delivered is welcome.
Short-term exodus, long-term opportunities
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5 Feb 2021 by Leave a Comment
What do Virgin Australia, Westpac, Norton Rose Fulbright and Horizon Oil have in common? As you may have noted, they are all companies that have effectively signalled a scaling back of, or end to, their PNG presence in the past year.
Is the worst behind us?
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1 Dec 2020 by Leave a Comment
Just when you thought 2020 couldn’t surprise us any more, Papua New Guinea’s politicians delivered a November parliamentary session to remember.
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