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.
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Young Papua New Guinea digital entrepreneurs are developing followings in film and podcasts. They are bringing something relatively new to the country.
A Pacific-wide three-month ban on fish aggregating devices (FADs) has been extended for another year to allow tuna stocks to continue to revive. But in a warning to other fishing nations, Palau is going ahead with its ban on all commercial fishing vessels.
Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.
New chairman and board members for the National Development Bank, new practice head for Keypoint Law.
Where to surf in Papua New Guinea? Robert Upe, John Borthwick and Craig Tansley track down five great surfing experiences.
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.
Papua New Guinea has a ‘fair and reasonable’ fiscal regime for resources when compared with its neighbours Australia and Indonesia, according to John Chambers, General Manager PNG for Santos. He outlines three approaches used around the world to deliver benefits from projects.
Public procurement in Papua New Guinea is set to be subject to the most significant reforms for decades, according to Stephen Massa, Partner and Head of the PNG office for law firm Dentons. The reforms will give preferment to locally-owned suppliers.
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.