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In brief: PanAust revises up its estimate of the Frieda River project, and other business news

9 May 2017 by 1 Comment
Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.
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In Brief: More than 3000 candidates vie for parliament, and other business stories

3 May 2017 by Leave a Comment
Over three thousand nominate for 2017 national elections, the moratorium on mining exploration in Bougainville is lifted, and cocoa farmers receive grants. Your weekly digest of the latest business news.
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IPA signals crack down on foreign ownership rorts in Papua New Guinea

2 May 2017 by 1 Comment
Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
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Investment Conference to focus on infrastructure, regions and innovation in Papua New Guinea

26 Apr 2017 by Leave a Comment
The provisional program for the 2017 Papua New Guinea Investment Conference has been released, highlighting business opportunities across PNG’s economy. The conference will be organised by the publisher of www.businessadvantagepng.com, and will be held at the Shangri-La Hotel in Sydney, Australia, on 7 and 8 September.
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In Brief: Election campaign period to last eight weeks, and other business stories

26 Apr 2017 by Leave a Comment
Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
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Five questions for: Edwini Kessie, Pacer Plus Chief Trade Adviser

24 Apr 2017 by Leave a Comment
The long-awaited Pacer-Plus Pacific trade agreement is expected to be signed in early June, after the 14 Pacific countries concluded their talks in Brisbane last week. But Papua New Guinea and Fiji have said they will not participate. Business Advantage PNG asked World Trade Organisation negotiator, Edwini Kessie, what PNG is missing out on.
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In brief: BSP proposed ASX listing postponed, and other business stories

18 Apr 2017 by Leave a Comment
Bank South Pacific postpones its proposed listing on the ASX, Asian Development Bank Director predicts growth to rise in 2018, and K20 million to help fight coffee borer. Your weekly digest of the latest business news.
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Higher commodity prices the key to improving Papua New Guinea credit ratings, says Standard & Poor’s Global Ratings

18 Apr 2017 by Leave a Comment
High debt and deficit levels are why the ratings agency S&P has kept its Papua New Guinea country rating at B+/B, with a negative outlook. S&P Director, Craig Michaels, tells Business Advantage PNG higher commodity prices are the key to lifting the rating.
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