Papua New Guinea’s currency, the kina, has lost around eight percent of its value against the US dollar over the past 12 months. What does this mean for business?
Read More
The impact of a declining Papua New Guinea currency
19 Jun 2013 by
Up to one-third of Papua New Guinea log exports may not be authorised by landowners, says INA
19 Jun 2013 by
Just over one third of Papua New Guinea’s logging exports in 2012 came from Special Agricultural and Business Leases, the majority of which may not have received approval from customary landowners, according to analysis by Paul Barker, Director of the Institute of National Affairs.
Read More
Read More
Lihir loan scheme a model for Papua New Guinea: Yates
18 Jun 2013 by
In what is believed to be a first for Papua New Guinea, Lihir Island landowners will have access to a new lending scheme to finance their small businesses and help foster economic development on the island.
Read More
Read More
Majestic opening starts fish cannery boost for Lae
12 Jun 2013 by
Lae is set to become the South Pacific’s main fish processing centre, with the opening of one massive new cannery this week, the commencement of construction for another, with more on the drawing board.
Read More
Read More
Newcrest Mining to ‘simplify’ Papua New Guinea mining operations
11 Jun 2013 by
Newcrest Mining has revealed it is aiming to ‘simplify’ operations at the Lihir and Hidden Valley gold mines in Papua New Guinea, after writing down the value of its mines in PNG, Australia and Africa by AUD$6 billion (K12.6 billion).
Read More
Read More
PNGSDP prepares for life without Ok Tedi
11 Jun 2013 by 1 Comment
Papua New Guinea Sustainable Development Program Ltd appears to be resigned to losing its main asset, the Ok Tedi mine, to the PNG Government. What are the implications if the takeover goes ahead?
Read More
Read More
Papua New Guinea Sustainable Development Program at turning point: Sir Mekere’s speech
6 Jun 2013 by Leave a Comment
Papua New Guinea Sustainable Development Program Limited has been under heavy political pressure to relinquish is majority ownership of PNG's largest mine, Ok Tedi. In this speech, delivered at the announcement of the company's 2012 annual report this week, PNGSDP Chairman Sir Mekere Morauta appears to concede the loss of Ok Tedi, arguing for a sale on fair terms, and ponders both the future of PNG's largest mine, and his own organisation.
Read More
Read More
Papua New Guinea’s economic outlook stable: Moody’s
4 Jun 2013 by
Papua New Guinea's economic growth and low debt has pleased international credit rating agency Moody's, although local businesses and financial institutions will be largely unaffected by its latest rating.
Read More
Read More
‘Life’ sentences for white-collar crime in Papua New Guinea
4 Jun 2013 by
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.
Read More
Read More
Double taxation deal with Indonesia
4 Jun 2013 by
Indonesia and Papua New Guinea have ratified their double taxation treaty, in a sign of developing closer economic relations.
Read More
Read More
Recent readers’ comments