News

Partial lifting of ban on imported vegetables to Papua New Guinea welcomed but calls for more production assistance

Business welcomes the Agriculture Minister’s decision to temporarily lift a ban on some imported vegetables, but calls for more government support to lift production—and more consultation.
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More oil and gas mergers and acquisitions could impact Papua New Guinea, say analysts

Two major takeover offers involving leading companies operating in Papua New Guinea’s oil and gas industry have emerged in recent months. Business Advantage PNG spoke to oil and gas analysts about what this mergers and acquisitions activity means for the sector.
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In brief: Santos aims to improve balance sheet by raising funds, and other business stories

Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. Your weekly digest of the latest business news.
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Protests force Lae businesses to close, but damage minimal: Lae Chamber

Unrest in Papua New Guinea's second city, Lae, has caused major disruptions for the city’s business community this week. Fortunately, as Lae Chamber of Commerce President Alan McLay told Business Advantage PNG, Lae has avoided serious damage and things are now returning to normal.
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Papua New Guinea passes budgets for tougher times

Yesterday, Papua New Guinea's Treasurer Patrick Pruaitch presented both the 2016 National Budget and a Supplementary Budget for 2015. Both budgets – highly anticipated given the PNG Government's need to address lower revenues – make cuts to projected expenditure and find additional revenue resources in order to keep the budget deficit under control.
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