Industry sectors

Government incentives for second Papua New Guinea gas project should be fewer than for PNG LNG, say analysts

The operators of the Papua project are expected to make a financial investment decision on the project in 2019. But now that Papua New Guinea has ‘proven itself’ as a good manager of major global projects, it should be able to negotiate less generous terms with the operators of the second LNG plant, say economists and investment analysts.
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Papua New Guinea-owned Aiabba Minerals seeks to raise capital

A ‘cash culture’ in Papua New Guinea is beginning to change and there is more willingness to buy shares, according to Aiabba Minerals Executive Chairman and Managing Director, Moses Mondowa. He tells Business Advantage PNG it is a significant shift for the future success of the country’s resources and business sectors.
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Vanuatu tourism executives see co-operation with Papua New Guinea and Fiji as the way to capture the China market

Vanuatu tourism officials want a joint approach with Papua New Guinea and Fiji to develop the lucrative inbound Chinese tourism market. As Vanuatu recovers from the effects of Cyclone Pam in 2013, Business Advantage PNG asked Vanuatu’s Tourism Promotion’s George Lapson and Bryan Death how Vanuatu is preparing to capture the China market.
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Five questions for: James Movick, Director-General, Pacific Islands Forum Fisheries Agency

Control of foreign fishing vessels in international waters is the biggest threat to the South Pacific tuna industry, according to James Movick, Director-General, Pacific Islands Forum Fisheries Agency. He tells Business Advantage PNG that plans to increase aerial surveillance will help detect illegal fishing.
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Releasing customary land for housing essential as state land runs out, says NRI

House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.
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