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Papua New Guinea’s 2025 National Budget: what’s in it for business?

4 Dec 2024 by Leave a Comment
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
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TotalEnergies country head ‘very confident’ of Papua LNG final investment decision date

4 Dec 2024 by Leave a Comment
Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID. 
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Bank of Papua New Guinea issues new directive on forex order priorities

19 Nov 2024 by Leave a Comment
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
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Land titles in Papua New Guinea’s breadbasket ‘open gates’ to agriculture investments

19 Nov 2024 by Leave a Comment
Papua New Guinea’s Morobe Province recently issued titles to landowner groups for a small percentage of the fertile Markham Valley. Grow PNG’s David Stewart tells Business Advantage PNG that this has sparked interest from third-party investors in what could become a case study for the development of the country’s agriculture sector.
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CEO of Anitua landowner group on planning for life after Lihir gold mine

18 Nov 2024 by Leave a Comment
Anitua Group is one of PNG’s most prominent landowner companies, providing goods and services to the Lihir gold mine and other parts of the country. Chief Executive Lawrence Rausim speaks about the relationship with new mine owner Newmont and shares how his group is setting its community up for the future.
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Geopolitical tensions leading to increased donor investment in Papua New Guinea and Pacific: Lowy Institute

4 Nov 2024 by 2 Comments
Pacific countries like Papua New Guinea are increasingly becoming critical grounds for geopolitical competition, leading to higher investment from international partners, particularly in infrastructure, according to the Lowy Institute's Dr Meg Keen and colleagues.
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