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’.
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Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence
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2 Jun 2021 by Leave a Comment
Taking Papua New Guinea to the world
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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
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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
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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
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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
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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
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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’.
Economy on the mend, says Bank of Papua New Guinea Governor
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12 Apr 2021 by Leave a Comment
The Governor of Bank of Papua New Guinea has forecast a recovery for the country’s economy of 2.5 per cent after the sharp contraction of 2020. But he says the national budget and PNG’s foreign exchange reserves will remain under pressure.
Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea
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6 Apr 2021 by Leave a Comment
Oil Search is a key partner in the next wave of gas projects in Papua New Guinea but has faced a tough year. Business Advantage PNG speaks with Managing Director Dr Keiran Wulff on the company’s future in PNG and the rich potential of its gas reserves.
‘There could not be a better time’ for Papua New Guinea’s new foreign investment laws
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15 Mar 2021 by Leave a Comment
Now is the time to focus on restarting foreign investment in Papua New Guinea, says Clarence Hoot, Managing Director of the country’s Investment Promotion Authority. He tells Business Advantage PNG the IPA’s priorities for the year ahead, which include getting new foreign investment laws through Parliament.
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