The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.
The Asian Development Bank is one of the largest international investors in Papua New Guinea, mainly in infrastructure. One of its six Vice-Presidents, Diwakar Gupta—who is responsible for Private Sector and Cofinancing Operations—tells Business Advantage PNG the bank also has funds to invest in PNG’s private sector—under certain conditions.
Business Advantage International has announced that KPMG will be the headline sponsor for its 2019 Business Advantage Papua New Guinea Investment Conference in Sydney on 19 and 20 August.
The Papua New Guinean economy is set to surge in 2019 and stabilize in subsequent years, according to a report by the World Bank. David James takes a closer look.
Oil prices have been strong, but LNG prices have weakened sharply. Oil palm and coffee prices have fallen, but cocoa prices are steady. Business Advantage PNG’s monthly overview of commodity and financial markets.
Business Advantage’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies found that last year’s profit expectations were ‘broadly met’ and that business leaders remain positive and confident in 2019.
After years of low growth, the Pacific’s largest economy is looking to benefit from new resources and infrastructure investment—plus a dividend from hosting APEC 2018. Business Advantage PNG’s Andrew Wilkins talks with Papua New Guinea’s business leaders about the year ahead.
Last month, the Papua New Guinea Government tabled the Foreign Investment Regulatory Authority Bill in Parliament. What is the bill designed to achieve and why is the business community concerned? Business Advantage PNG investigates.
The global gas market is set to surge, according to Justin Smirk, Senior Economist at Westpac. He told a recent Port Moresby Chamber of Commerce and Industry meeting that Papua New Guinea is well placed to benefit.
In the agribusiness sector coffee prices have risen, while prices in the hydrocarbons sector are largely unchanged, and metals prices are steady or lower. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.