Latest news

A report on Huawei’s data centre in Papua New Guinea shows it has security vulnerabilities, the Frieda River project gets a no from the East Sepik Provincial Assembly and new internet prices expected this year. The business news you need to kickstart your week.

The Port Moresby ‘lockdown’ is over and Prime Minister James Marape has said that Papua New Guinea will have to ‘adjust to living with COVID-19’. Eleven new measures will help show the way for business and PNG citizens alike.

Papua New Guinea and Australia sign economic partnership agreement, seafood venture for New Ireland, and K200 million for SMEs still on its way. The business news you need to kickstart your week.

COVID-19 has reached Papua New Guinea’s mining sector, with its two major mines announcing cases. Meanwhile, new measures are being introduced in response to the growing numbers of infections.

At a time when private sector investment is stalling, the A$2 billion [K4.96 billion] Australian Infrastructure Financing Facility for the Pacific is ramping up and targeting projects that will help drive Papua New Guinea’s economy.

Papua New Guinea has a ‘tax mobilisation challenge’ if it is to deal with the financial challenges resulting from the COVID-19 crisis, according to a new Asian Development Bank report.

Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG’s investment laws.

Nadzab airport set to get a major facelift, PNG Ports says only three ports are profitable, and SIM card registration deadline extended. The business news you need to kickstart your week.

Port Moresby will be closed for two weeks in a bid to stop community transmission after highest number of daily infections.

The silver price takes off and LNG also surges. Coffee is also up sharply and oil is steady. Business Advantage PNG’s monthly overview of commodity and financial markets.