The first National Budget of the returned Marape Government predicts record government revenues and expenditure in 2023, with significant increases in spending on infrastructure, law and order, education and health.
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Papua New Guinea’s Treasurer announces largest Budget ever for 2023
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7 Dec 2022 by Leave a Comment
Marape flags new resources regime for Papua New Guinea
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7 Dec 2022 by Leave a Comment
Opening the 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney, Prime Minister James Marape has warned investors that changes are coming to Papua New Guinea’s resources regime.
Papua New Guinea’s resources sector to gather in Sydney
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23 Nov 2022 by Leave a Comment
Next month’s 16th Papua New Guinea Mining and Petroleum Investment Conference in Sydney (5 to 7 December) will mark the event’s return for the first time since the COVID-19 pandemic. Business Advantage PNG previews what to expect.
Papua New Guinea’s Sovereign Wealth Fund: the clock is ticking [analysis]
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18 Nov 2022 by Leave a Comment
Is it now or never for Papua New Guinea’s Sovereign Wealth Fund? Alyssa Leng and Stephen Howes of the Australian National University’s Development Policy Centre tell us what could be lost if PNG doesn’t act now.
Five questions for Mauro Leone, Area General Manager for IHG in Papua New Guinea
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10 Nov 2022 by Leave a Comment
IHG (Intercontinental Hotels Group) PNG is represented by the Holiday Inn Suites, Holiday Inn Express and the Crowne Plaza Residences in Port Moresby. We sat down with IHG’s Area General Manager Mauro Leone to see how the group is trading — and what he expects from the year to come.
Foreign exchange shortages still biting business in Papua New Guinea
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27 Oct 2022 by 1 Comment
The Bank of Papua New Guinea expects a ‘windfall’ from higher international commodity prices to alleviate some of the country’s foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.
In brief: Papua New Guinea’s potential to become the Pacific’s ‘Powerhouse’ and other stories
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26 Oct 2022 by Leave a Comment
Latest ANZ Pacific Report highlights Papua New Guinea’s economic potential, Santos posts record production largely due to PNG and a new partnership between Paradise Foods and PHAMA Plus. Your business news in nutshell.
Papua New Guinea’s leading business & logistics park
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10 Oct 2022 by
Papua New Guinea is not known for its ease of doing business, especially for new market entrants. However, the PNG Business and Logistics Park, strategically located in the growth corridor between the Port Moresby CBD and the expanding LNG plant is helping mitigate this.
In brief: Papua New Guinea’s Treasurer meets with global rating agencies & other business stories
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5 Oct 2022 by Leave a Comment
Treasurer Ian Ling-Stuckey met with two global rating agencies to talk about Papua New Guinea and its loan history, the United States pledges about K2.8 million in programs for the Pacific and Prime Minister Marape green lights the Japan Development Institute to work on a new Special Economic Zone (SEZ) Master Plan. The business news you need.
What does Papua New Guinea business want from the new Marape government?
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5 Oct 2022 by Leave a Comment
With its majority established in Parliament and its ministry appointed, Papua New Guinea’s Marape government is now getting back to the business of running the country. Key business leaders tell Business Advantage PNG what they think its priorities should be.
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