Forty years ago this week, Sean Dorney was one of the journalists on the spot for Papua New Guinea’s declaration of Independence. He covered it for the country’s National Broadcasting Commission and later spent 17 years in PNG as an ABC correspondent. He reflects on PNG’s journey as an independent nation.
After two years of research and hearings, the PNG Tax Review Committee is due to present its final report to Government next month. PricewaterhouseCoopers PNG’s Jason Ellis looks at the tax reform measures it is likely to recommend.
Australia’s Woodside Petroleum has launched an A$11.65 billion (K22.83 billion) offer for one of Papua New Guinea’s largest companies, Oil Search Ltd. It’s the latest in series of moves that has seen several PNG gas-related assets change hands in the past year.
Gas projects in Papua New Guinea are extremely viable, despite the downturn in oil and gas prices, the Managing Director of Oil Search, Peter Botten, has told the 2015 PNG Advantage Investment Summit in Brisbane.
PNG Prime Minister Peter O’Neill says the current wave of economic reforms are vital if the country is to be competitive and living standards rise. He spoke to Business Advantage PNG after addressing the Advantage Investment Summit in Brisbane last week.
The CEO of expanding security firm Black Swan International believes a successful long-term approach to security involves decreasing risk, decreasing costs and increasing productivity. Brian Kelly spoke to Business Advantage PNG.
A founding shareholder in the PNG LNG project, Santos, says it will carry out a ‘full strategic review’ of its operations, after losing more than A$8 billion in market value in the first half of 2015.
Asian Development Bank analysis showing just how vulnerable Pacific nations are to natural disasters, but what can be done to better manage the risk? Wayne Dorgan from leading Papua New Guinea insurer Pacific MMI calls on disaster co-ordinators in the region to consult more closely with the insurance industry.
ANZ’s timely discussion paper, ‘Powering PNG into the Asian Century’, argues for further reform in Papua New Guinea’s electricity sector and a greater reliance on newer, cleaner energy technologies.
The latest closure of the Ok Tedi mine reminds us that disruptions at major mining operations in Papua New Guinea are nothing new. While the closure is undoubtedly a setback, Business Advantage PNG’s survey of PNG’s other major mines suggests prospects for the mining sector are more positive.