The three-day 2021 Business Advantage Papua New Guinea Investment Conference starts live-streaming at 9am on Tuesday 7 September. Andrew Wilkins, Publishing Director and conference host, Business Advantage International, outlines the reasons why this is the year to attend.
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ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations
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25 Aug 2021 by 2 Comments
After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P’nyang gas project.
Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?
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21 Jul 2021 by 1 Comment
Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea’s largest telco. Meanwhile, gas company Santos has been pursuing PNG’s largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
In brief: Kina Bank’s new loan for SMEs in Papua New Guinea and other business stories
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19 Jul 2021 by 4 Comments
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 […]
Twinza Oil and Papua New Guinea Government conclude negotiations on Pasca A gas project
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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
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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
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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
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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.
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