Kina Bank announces K50 million for small and medium-sized businesses, Prime Minister Marape’s update on mining projects, and BSP Financial Group cautiously optimistic about Papua New Guinea’s post-COVID recover. The business news you need today. Ports Atlas Steel PNG has been awarded a contract under the PNG Ports Safety and Security Upgrades Program to supply […]
Search Results for: Papua LNG
In brief: Kina Bank’s new loan for SMEs in Papua New Guinea and other business stories
Welcome,
19 Jul 2021 by 4 Comments
Twinza Oil and Papua New Guinea Government conclude negotiations on Pasca A gas project
Welcome,
14 Jul 2021 by Leave a Comment
The Papua New Guinea Government and Twinza Oil have concluded negotiations on terms for Pasca A, PNG’s first offshore gas project. While the terms are subject to approval by PNG’s National Executive Council, a signed gas agreement is expected as soon as the end of this month.
Marape moves to reassure Papua New Guinea’s mining and petroleum industry
Welcome,
7 Jun 2021 by 1 Comment
Papua New Guinea’s Prime Minister James Marape has confirmed draft changes to the country’s regulatory and fiscal regimes for PNG’s mining and petroleum sector will be circulated soon. But he has also reassured the sector that the changes, flagged for implementation in 2025, would be made ‘in consultation’.
Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence
Welcome,
2 Jun 2021 by Leave a Comment
Recent developments in the Papua New Guinea’s resources sector should boost confidence, according to international ratings agency Fitch Solutions. Its latest outlook on the country, however, warns of ‘policy uncertainty and ongoing risks to social stability’.
Taking Papua New Guinea to the world
Welcome,
1 Jun 2021 by Leave a Comment
A couple of weeks ago, Business Advantage International hosted a small, high-level gathering of PNG-focused business leaders in Sydney, Australia.
Forum hears of challenging business conditions in Papua New Guinea
Welcome,
26 May 2021 by Leave a Comment
The Australia–Papua New Guinea Business Council is holding its 36th business forum and trade expo this week in Brisbane. Business Advantage PNG reports from the event, which is both a physical and online event this year.
In brief: Papua New Guinea’s BSP approved for ASX listing and other business stories
Welcome,
24 May 2021 by 1 Comment
BSP Financial Group Limited receives approval to list on the ASX; a new State Negotiating team to be reappointed to the P’nyang gas project, and Joint post-referendum talks between government and Bougainville fruitful. The business news in brief.
Economic update: Beyond COVID-19 in Papua New Guinea
Welcome,
18 May 2021 by Leave a Comment
2021 promises to be a year like no other in Papua New Guinea, as business leaders look beyond the COVID-19 crisis to an economy preparing for a major transition. They share their expectations with Andrew Wilkins.
Papua New Guinea’s ‘public health emergency’ a continued challenge, says Oil Search MD
Welcome,
30 Apr 2021 by Leave a Comment
Having emerged from the ‘most challenging’ year in its 92-year history, Oil Search Ltd is now facing an escalation of COVID-19 infections in Papua New Guinea. In spite of this, shareholders at its annual general meeting were told PNG’s largest company is ‘coming through the challenges well’.
Papua New Guinea Government demands make Pasca A gas project ‘unfinanceable’, says Twinza Oil
Welcome,
20 Apr 2021 by 1 Comment
The anticipated signing of a gas agreement for Pasca A, Papua New Guinea’s first undersea gas project, has stalled at the eleventh hour. Developer Twinza Oil says it will stand down its project team due to a last-minute State request it claims would render the project ‘unfinanceable’.
Recent readers’ comments