News

Business Advantage’s 2017 Papua New Guinea Investment Conference

Business Advantage International has announced the date for its next major PNG investment conference. The Business Advantage Papua New Guinea Investment Summit will be staged in Sydney in September 2017. ‘Our 2017 PNG Investment Conference will be an energetic re-boot of the investment conference format, aimed at connecting PNG businesses with international partners, and showcasing PNG as a favourable business […]
Read More

In brief: ‘Clan vetting’ the key to resolving PNG LNG royalty issue, says Energy Minister

Officials sent to negotiate with Hides landowners over non-payment of royalties from PNG LNG project, Ok Tedi earns K623 million since March, and PNG Post pays K500,000 in dividends. Your weekly digest of the latest business news.
Read More
advertisment...

US$200 million in finance for private sector climate change projects

Climate change is the ‘single greatest threat to the livelihoods, security and wellbeing of the peoples of the Pacific’, according to the Pacific Islands Forum Secretariat (PIFS). But the region is showing leadership and there are opportunities for Papua New Guinea to gain access to climate finance.
Read More

In brief: Government to discuss future of Bougainville shares and other business stories

National Executive Council to discuss future of Bougainville shares, gold production at Lihir up and Bougainville government launches a new tourism initiative. Your weekly digest of the latest business news.
Read More

Oil Search will benefit from working with ExxonMobil on Papua LNG project, says Botten

ExxonMobil PNG may have trumped Oil Search’s bid for InterOil Corporation, but Papua New Guinea's largest company will still benefit from the US major’s US$2.3 billion bid, according to Oil Search's Managing Director Peter Botten. He tells Business Advantage PNG that the bid by ExxonMobil delivers most of the benefits of Oil Search’s take over offer and pushes the 'cooperation agenda'.
Read More

Papua New Guinea’s mid-year economic report paints gloomy picture, with some positives

The Papua New Guinea government has released its Mid-Year Economic and Fiscal Outlook Report. GDP growth is expected to be weak, tax revenue is lower than expected and public debt is rising above the legislated limit.
Read More