The Papua New Guinea Government has tabled in Parliament its proposed changes to the country’s constitution, reflecting the state’s ownership of hydrocarbons and minerals. Vaughan Mills and Sarah Kuman analyse the implications of these amendments.
Opinion & analysis
Ending violence, positive discrimination policies, promotion of women and expanding opportunities for women are the four key ways to get more women into business, according to Lesieli Taviri, Chair of the newly-formed Business Coalition for Women.
As the PNG LNG project enters its operational phase, Frank Kramer, Chairman of the National Petroleum Company of Papua New Guinea (which will hold and manage the government’s 16.8% stake) outlines his vision for managing the country’s hydrocarbon assets.
With Papua New Guinea becoming more connected to the world through the internet and other digital platforms, the need to be alert to threats is becoming more important. Robert Blackman points out the risks, and considers the National Information and Communications Technology Authority’s recently-released draft policy on cyber crime.
Papua New Guinea’s economy finds itself in a hiatus, ahead of what will be a watershed moment its economic history—delivery of its first gas exports. In his annual appraisal of business conditions in the Pacific nation, Andrew Wilkins talks exclusively to some of PNG’s top executives.
The Parties to the Nauru Agreement (PNA) agreed at its meeting in Honiara in March 2014 to set limits on tuna catches. Sean Dorney argues Pacific governments now need to address illegal fishing, an errant European Union, and the threat posed by subsidised foreign fishing fleets.
Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.
For companies doing business across borders, questions of the applicable law and the methods for enforcing contracts can be critical. Erik Andersen outlines the options in Papua New Guinea should a deal hit problems.
The ANZ Bank last month predicted the kina will fall by up to 10% in value by the end of 2014, in anticipation of income from the LNG project. Paul Barker from the Institute of National Affairs, looks ahead several years to when that income begins to have ‘a substantial impact’.
With Papua New Guinea’s economy slowing, there are more companies chasing fewer opportunities. How to ensure your business gets the job? The answers are good customer service and developing local talent, according to management consultant Robert de Loryn.