Home  »  News  »  Latest news
Latest news

Papua New Guinea’s 2025 National Budget: what’s in it for business?

4 Dec 2024 by Leave a Comment
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
Read More

TotalEnergies country head ‘very confident’ of Papua LNG final investment decision date

4 Dec 2024 by Leave a Comment
Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID. 
Read More

Bank of Papua New Guinea issues new directive on forex order priorities

19 Nov 2024 by Leave a Comment
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
Read More

‘Massive opportunity’ for private power producers in Papua New Guinea

24 Sep 2024 by Leave a Comment
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Read More

Papua New Guinea banks report substantial fall in forex waiting times

15 Aug 2024 by 2 Comments
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Read More
advertisment...

Day 2 report from the 2024 Papua New Guinea Investment Conference

14 Aug 2024 by Leave a Comment
Day 2 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across government and business, including Papua New Guinea's Prime Minister James Marape, state-owned enterprises such as Air Niugini and PNG Ports and business chamber presidents.
Read More

Day 1 report from the 2024 Papua New Guinea Investment Conference

13 Aug 2024 by Leave a Comment
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings' Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
Read More

Investment conference to focus on growth opportunities and business conditions in Papua New Guinea

30 Jul 2024 by Leave a Comment
Disruptive technology, Papua New Guinea’s next wave of infrastructure and resources projects, and the rising influence of ESG on business are some of the topics to be covered by the upcoming 2024 Business Advantage PNG Investment Conference.
Read More

As January 10 recovery payments begin, Port Moresby businesses confront the consequences

2 Jul 2024 by Leave a Comment
Government funds to cover debris removal and business recovery have this week started to flow to businesses affected by the January 10 riots in Port Moresby. With funds for actual rebuilding still to be finalised, we talk to business leaders about the longer term consequences.
Read More
Next Page »