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In brief: O’Neill puts tax reform on the agenda, and other business stories

6 Feb 2018 by Business Advantage PNG Leave a Comment

Business' failure to pay taxes prompts tax reform review, SABL files go missing in Lands Department, and 30 companies face licence cancellations. Your weekly digest of the latest business news.
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Transparency initiative reveals PNG’s extractive industries a big contributor to the economy

30 Jan 2018 by David James Leave a Comment

The fourth Extractive Industries Transparency Initiative (EITI) report, compiled by consultants Ernst & Young, shows that the sector dominates exports and is a major part of the nation's GDP, but it is less of a contributor to employment and government revenue.
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Oil prices up and gold stronger: a monthly review of Papua New Guinea’s commodity and financial markets

30 Jan 2018 by David James Leave a Comment

Oil prices continue their rise but LNG prices have eased. Cocoa and palm oil prices are slightly stronger. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Agri-tourism a big opportunity for Papua New Guinea says Agricultural Development Foundation president

30 Jan 2018 by Sarah Byrne 5 Comments

With the focus on major resources projects, Papua New Guinea is missing the opportunity to develop a thriving agri-tourism sector, Papua New Guinea Women in Agricultural Development Foundation (PNGWiADF) President, Maria Linibi tells Business Advantage PNG.
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Perth exploration company Kalia Ltd wins first gold and copper exploration licence under new Bougainville Mining Act

23 Jan 2018 by Kevin McQuillan 9 Comments

Perth-based explorer Kalia Ltd has begun geological surveys on its two licence areas, after winning exploration licences under the new Bougainville Mining Act. Managing Director Terry Larkan tells Business Advantage PNG that, while the licence areas’ resources are unknown, the licences have 'the right address'.
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Commodity cycle turning up, says ANZ economist

23 Jan 2018 by David James Leave a Comment

The long commodity bear market is coming to an end, according to Richard Yetsenga, Chief Economist for the ANZ Banking Group. He also observes that, in a world growing more sceptical about globalisation, there is growing competition for foreign direct investment.
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New ports manager ICTSI outlines its plans for Lae and Motukea Island

16 Jan 2018 by David James 2 Comments

Conducting stevedoring transactions in US dollars instead of kina is an opportunity to get in much-needed foreign exchange, according to Ted Muttiah, Director, Asia Pacific, for ICTSI South Pacific. He tells Business Advantage PNG the company, which has been appointed to manage new ports at Motukea and Lae, is aiming high.
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IMF report says Papua New Guinea Government taking initiative but challenges remain considerable

16 Jan 2018 by David James Leave a Comment

A report on the state of the Papua New Guinea economy by the International Monetary Fund (IMF) says the Government has taken some ‘bold steps’ in its economic management. But it contends that the challenges are considerable and would be best managed with an 'active' approach to macroeconomic management.
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APEC planning on track says CEO

12 Dec 2017 by David James Leave a Comment

Chris Hawkins, Chief Executive Officer of the APEC PNG Co-ordination Authority believes sceptics about Papua New Guinea’s ability to host APEC will be proven wrong. The policy areas that will be emphasized are improving connectivity, creating sustainable and inclusive growth, and implementing structural reform.
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

In brief: O’Neill puts tax reform on the agenda, and other business stories

Transparency initiative reveals PNG’s extractive industries a big contributor to the economy

Oil prices up and gold stronger: a monthly review of Papua New Guinea’s commodity and financial markets

Agri-tourism a big opportunity for Papua New Guinea says Agricultural Development Foundation president

Perth exploration company Kalia Ltd wins first gold and copper exploration licence under new Bougainville Mining Act

Commodity cycle turning up, says ANZ economist

New ports manager ICTSI outlines its plans for Lae and Motukea Island

IMF report says Papua New Guinea Government taking initiative but challenges remain considerable

APEC planning on track says CEO

In brief: Details of US$500m Credit Suisse loan to Papua New Guinea revealed, and other business stories

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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