A new organic law defining how Papua New Guinea manages resource projects may soon be tabled in Parliament. It appears the main aim will be to change ownership and control of future projects, but will it spook international investors?
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Papua New Guinea’s proposed new resources law aims to shake up old ownership models
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LNG prices bounce back
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LNG prices have surged clawing back earlier losses, while the oil price is steady and cocoa is also strong: Business Advantage PNG’s monthly overview of commodity and financial markets.
In brief: Papua New Guinea and Japan strengthen ties and other business stories
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Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.
Papua New Guinea’s budget challenges outlined in two new reports
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Two new reports have outlined the revenue challenges being faced by Papua New Guinea’s government in the face of the COVID-19 pandemic.
Landowner companies in Papua New Guinea
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An overview of landowner companies in Papua New Guinea and the role they play in PNG’s economy.
State-owned enterprises in Papua New Guinea
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An overview of Papua New Guinea’s state-owned or ‘Kumul’ enterprises and investment companies, including its national oil and mining companies, utilities, national airline and telecommunications company.
In brief: Papua New Guinea and Australia sign economic partnership agreement and other business stories
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Papua New Guinea and Australia sign economic partnership agreement, seafood venture for New Ireland, and K200 million for SMEs still on its way. The business news you need to kickstart your week.
Metals, coffee and oil rebound: a silver lining for Papua New Guinea’s commodity and financial markets
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The silver price takes off and LNG also surges. Coffee is also up sharply and oil is steady. Business Advantage PNG’s monthly overview of commodity and financial markets.
Papua New Guinea’s Sovereign Wealth Fund
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An overview of Papua New Guinea’s planned sovereign wealth fund.
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