Papua New Guinea’s long-awaited Pacific Marine Industrial Zone launched

Eleven years after the Papua New Guinea government's National Executive Council approved the scheme, the Pacific Marine Industrial Zone (PMIZ) in Madang Province has finally been launched, with local business leaders saying it will reduce freight costs, speed up transport and reduce congestion at Lae’s wharves.
Read More

Papua New Guinea mining and petroleum conference to emphasise need for stability: Chamber

Regulatory stability, and how industry and Government can work together to deliver ‘shared benefits’ will be key themes of next week’s Papua New Guinea Mining and Petroleum Seminar in Port Moresby, according to PNG Chamber of Mines and Petroleum Executive Director, Greg Anderson.
Read More

Partial lifting of ban on imported vegetables to Papua New Guinea welcomed but calls for more production assistance

Business welcomes the Agriculture Minister’s decision to temporarily lift a ban on some imported vegetables, but calls for more government support to lift production—and more consultation.
Read More

More oil and gas mergers and acquisitions could impact Papua New Guinea, say analysts

Two major takeover offers involving leading companies operating in Papua New Guinea’s oil and gas industry have emerged in recent months. Business Advantage PNG spoke to oil and gas analysts about what this mergers and acquisitions activity means for the sector.
Read More
advertisment...

In brief: Santos aims to improve balance sheet by raising funds, and other business stories

Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. Your weekly digest of the latest business news.
Read More

Protests force Lae businesses to close, but damage minimal: Lae Chamber

Unrest in Papua New Guinea's second city, Lae, has caused major disruptions for the city’s business community this week. Fortunately, as Lae Chamber of Commerce President Alan McLay told Business Advantage PNG, Lae has avoided serious damage and things are now returning to normal.
Read More

Papua New Guinea passes budgets for tougher times

Yesterday, Papua New Guinea's Treasurer Patrick Pruaitch presented both the 2016 National Budget and a Supplementary Budget for 2015. Both budgets – highly anticipated given the PNG Government's need to address lower revenues – make cuts to projected expenditure and find additional revenue resources in order to keep the budget deficit under control.
Read More