Papua New Guinea has passed new laws increasing the penalties for white-collar crime, as it revived the death penalty for crimes such as aggravated rape, pack rape, or where the victim is a child under 10 years of age.
Posts by Business Advantage PNG
Indonesia and Papua New Guinea have ratified their double taxation treaty, in a sign of developing closer economic relations.
The PNG parliament’s decision to toughen sentences for serious crimes evokes widespread coverage
The Chairman of Advance Cairns, Cam Charlton, explains why the commercial ties between Cairns and PNG are going from strength to strength.
Papua New Guinea’s Government has an ambitious target of creating 500,000 locally-owned businesses over the next 20 years. The National Development Bank is key to its plans, as Managing Director Moses Liu explains.
State utility PNG Power has been authorised to start negotiations with Hong Kong-based liquefied gas and power company, Energy World Corporation, to build a new 30MW-to-80MW diesel and gas-fuelled power plant in Port Moresby.
Power outages may become a distant memory, with Papua New Guinea’s power generation capacity set to double in coming years, largely due to increased investment from the private sector.
Bank of South Pacific has announced the resignation of company director John Jeffery.
Papua New Guinea’s much-anticipated second gas project could turn out to be an extension of its first, as ExxonMobil commences exclusive negotiations with InterOil and Pacific LNG.
Social media is increasingly influencing Papua New Guinea politicians; a warning that government revenues may fall amid a resources downturn; and more.