Papua New Guinea’s other gas project: Arran Energy’s Stanley

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While the Papua LNG and P’nyang projects are the main game in Papua New Guinea’s gas sector, Arran Energy’s smaller Stanley gas project in Western Province looks set to beat both into production. Business Advantage PNG talks to Executive Chairman Michael McGowan to find out more.

The continued challenge of Papua New Guinea’s state-owned enterprises

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Do state-owned enterprises (SOEs) help or hinder economic progress? That’s a question Satish Chand, Professor of Finance in the School of Business at the University of New South Wales, was asked to consider at a recent business forum.

In brief: China to support Papua New Guinea’s Ihu Special Economic Zone and other business news

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China reaffirms its commitment to supporting the development of the Ihu Special Economic Zone, Vanimo Airport officially reopens, and Ok Tedi Mining to open a museum to highlight its history and legacy. The business news you need this week.

Technology & growth: Moni Plus looks to a banking licence and IPO

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Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.

People moves: PNG Power, ANZ, CPL Group, Censorship Office

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New boss for PNG Power, new Regional Executive, Pacific at ANZ, Jack’s of PNG welcomes new Retail Managers, and the Censorship Office announces Deputy Chief Censor.

Geopacific Resources to review the future of Woodlark gold project

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The future of the proposed new gold mine on Papua New Guinea’s Woodlark Island remains in question, as Geopacific Resources looks to reset expectations surrounding the project and explores the possibility of a ‘corporate or asset-level’ sale.

In brief: Pacific nations decline signing economic and security deal with China & other news

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Pacific nations, including Papua New Guinea, have declined signing a deal with China, Papua New Guinea Customs expects losses of K200 million and Ihu SEZ commences second phase and gathers interest from several countries. The business news your need.

Security & strategy: online payments to transform Internal Revenue Commission

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Papua New Guinea’s Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country’s tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC’s long-term strategy.

What can Papua New Guinea expect from Australia’s new government?

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Infrastructure funding aimed at climate change mitigation and a new Pacific Engagement Visa are among the expected initiatives from the new Australian government elected last weekend.

In brief: new information system to help drive rural electrification in Papua New Guinea and other stories

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New data-driven system to help rural areas get electricity, coffee producer strikes international deal, and Port Moresby’s airport to get new baggage screening system. The news you need today. Mining A new five-year agreement between Ok Tedi Mining Limited (OTML) and the Allied Workers Union was signed last week. The agreement between both parties guarantees […]