Treasurer says Supplementary Budget will review tax measures proposed in the 2017 Budget, sufficient geothermal power in PNG for years to come, and Philippines asked to ban fishing companies operating in PNG. Your weekly digest.
In brief
The week’s business news in summary. In Brief is sourced from a variety of Papua New Guinea and international media outlets as a service to our readers. Business Advantage PNG makes no claim for the veracity of third party sources.
Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
Call for garment and textile sector to replace imported clothes, beneficiary groups intending to petition the Government over equity in PNG LNG, solar power could be the answer to Lae’s power problems. Your weekly digest of the latest business news.
Leahy predicts pressure on kina after Trump election, ban on beche-de-mer to be lifted and financing boost for SMEs. Your weekly digest of the latest business news.
Canadian court upholds appeal against ExxonMobil takeover bid for InterOil, BSP CEO says 2017 Budget reflects prevailing conditions, and Sepik Plains holds high potential for beef industry. Your weekly digest of the latest business news.
Papua New Guinea ready to seek sovereign bond funds, Air Niugini affected by economic slowdown, Qantas begins daily Brisbane-Port Moresby service. Your weekly digest of the latest business news.
Loi Bakani says managing a depreciating kina is ‘very difficult’, Canadian court to hear appeal against InterOil buyout, and Coffee Industry Corp steps up rehabilitation program. Your weekly digest of the latest business news.
Chief Secretary says 2017 will be very tough, moratorium on beche-de-mer may be lifted soon, and PNG LNG spends K12 billion on local services. Your weekly digest of the latest business news.
Papua New Guinea’s government is seeking K974 million from the Asian Development Bank, Australia to earn negligible royalties from its oil and gas assets, and Newcrest describes conditions as ‘tough’ in PNG. Your weekly digest of the latest business news.
A new report outlines ways to improve PNG’s internet services, PNG Power to ask for profits to be reinvested in equipment and PM calls for more PPPs in tourism. Your weekly digest of the latest business news.