The recent visit by Indonesian President Joko Widodo to Papua New Guinea is a sign of increased interest in boosting the trade relationship with PNG’s closest neighbour. Business Advantage PNG examines the business case.
Latest news
The latest business news from Papua New Guinea and the region
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Reforms to Papua New Guinea’s capital markets, Securities Commission of PNG to investigate the potential sale of minority stake in Trukai Industries, and Newmont and Newcrest told of government’s expectations. Your news in brief.
The Papua New Guinea kina is starting to experience a very gradual erosion against its key trading currency, the US dollar.
With rice farming expanding in Papua New Guinea, the country’s largest rice supplier, Trukai Industries, is partnering with tertiary institutions to help upskill farmers on the basics of irrigation rice farming.
Innovation PNG 2023, an international-class event bringing the best of new technology, creative solutions and innovative thinking to Papua New Guinea, will be held on 10 November in Port Moresby.
Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
A commitment by TotalEnergies, operator of the Papua LNG Project, to provide the PNG government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will be awarded this month.
Changes to the way visas and work permits are managed by PNG’s Immigration and Citizenship Authority are expected to accelerate processing times and reduce costs associated with travelling to PNG.