Economy/Investment

Australian government commits to building an undersea telco cable to Port Moresby

17 Nov 2017 by David James 3 Comments

The Prime Minister of Australia, Malcolm Turnbull and the Prime Minister of Papua New Guinea, Peter O’Neill have announced they will be working together to lay a new undersea high speed telecommunications cable from Australia to Port Moresby. The move is expected to contribute to closer economic integration between the two neighbouring countries.
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Local knowledge and ‘being there’ critical for business success in the Pacific region

15 Nov 2017 by Kevin McQuillan 1 Comment

Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.
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Tax amnesty relief for business in Papua New Guinea

15 Nov 2017 by David James Leave a Comment

The Commissioner-General of the Internal Revenue Commission (IRC), Betty Palaso, has announced a temporary tax amnesty for business in Papua New Guinea. Penalties that would normally be imposed by the IRC on late lodgement of annual tax returns and late payments will not be applied for the rest of 2017.
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Port Moresby Governor to consider offering settlement residents title

14 Nov 2017 by David James 1 Comment

The National Central District has launched an urban development program, which will run into the middle of next year. Governor of Port Moresby, Powes Parkop, said he will be looking to upgrade Port Moresby’s settlements and explore ways to offer residents title.
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Shift in demand for ‘exotic’ minerals resources could provide opportunities for Papua New Guinea

8 Nov 2017 by Sarah Byrne Leave a Comment

A shift in the resources industry is expected, with demand for more “exotic” minerals increasing. But Justin Smirk, Senior Economist at Westpac Institutional Bank tells Business Advantage PNG that industry players must apply a long-term and holistic approach to reap the benefits.
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Investment Promotion Authority figures show keen interest in forestry in Papua New Guinea

31 Oct 2017 by David James 4 Comments

Proposals for investment in Papua New Guinea's forestry sector are almost as high as in its mining and petroleum sector, according to figures from the Investment Promotion Authority. The IPA has also flagged a crackdown on compliance.
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Home building set to rise sharply in Papua New Guinea says real estate website CEO

31 Oct 2017 by David James 1 Comment

Home building in Papua New Guinea is set to accelerate sharply, according to Matthew Care, Chief Executive and founder of the real estate website Hausples.com.pg, which has an expo in Port Moresby this weekend. He tells Business Advantage PNG that the growth is being driven by pent-up demand.
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ADB has started its 10 year investment in Highlands Highway, says Country Director

24 Oct 2017 by David James 3 Comments

The Asian Development Bank has begun its decade-long US$1 billion investment in the Highlands Highway, according to David Hill, the bank's Country Director for PNG. He says the ADB is also planning significant investment in the health and civil aviation sectors.
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LNG prices strong and copper continues its upward trend: a monthly review of Papua New Guinea’s commodities and financial markets

24 Oct 2017 by David James Leave a Comment

LNG prices have surged but oil prices are stable, while cocoa prices are up but coffee is down. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

Economy/Investment

Australian government commits to building an undersea telco cable to Port Moresby

Local knowledge and ‘being there’ critical for business success in the Pacific region

Tax amnesty relief for business in Papua New Guinea

Port Moresby Governor to consider offering settlement residents title

Shift in demand for ‘exotic’ minerals resources could provide opportunities for Papua New Guinea

Investment Promotion Authority figures show keen interest in forestry in Papua New Guinea

Home building set to rise sharply in Papua New Guinea says real estate website CEO

ADB has started its 10 year investment in Highlands Highway, says Country Director

LNG prices strong and copper continues its upward trend: a monthly review of Papua New Guinea’s commodities and financial markets

World Bank forecasts continued challenges for Papua New Guinea economy

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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