As Papua New Guinea business gets back to work, Business Advantage PNG’s Andrew Wilkins looks at some of the issues coming up in 2018. With APEC coming to Port Moresby and a second LNG project in the offing, this is a year when PNG is going to be the subject of international attention.
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IMF report says Papua New Guinea Government taking initiative but challenges remain considerable
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16 Jan 2018 by Leave a Comment
A report on the state of the Papua New Guinea economy by the International Monetary Fund (IMF) says the Government has taken some ‘bold steps’ in its economic management. But it contends that the challenges are considerable and would be best managed with an ‘active’ approach to macroeconomic management.
O’Neill tells Papua New Guinea resources sector there will be no new taxes
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29 Nov 2017 by Leave a Comment
Papua New Guinea’s Prime Minister, Peter O’Neill, told the PNG Mining and Petroleum Conference yesterday that there would be no new taxes for the resources sector. Meanwhile, presentations by the major industry players suggest the next 12 months will be critical in determining the future growth of the sector.
Oil and gas prices strong: a monthly review of Papua New Guinea’s commodities and financial markets
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29 Nov 2017 by Leave a Comment
Oil and gas prices are up and copper is also strong. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets comes to you from this week’s PNG Mining and Petroleum Conference in Port Moresby.
In brief: Papua New Guinea signs up to China’s ‘One Belt, One Road’ initiative, and other business stories
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21 Nov 2017 by 1 Comment
China deal to benefit Highlands provinces, call for restructure of agriculture department and quarantine authority, and Pacific Assurance Group goes into liquidation. Your weekly digest of the latest business news.
In brief: Australia aims to build undersea cables to Papua New Guinea and Solomon Islands, and other business stories
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15 Nov 2017 by Leave a Comment
Australia undermines Chinese bid to build undersea cables, gas-fired power project approved by NEC, and Frieda River gold project to start in 2019. Your weekly digest of the latest business news.
In brief: Design of floating LNG plan underway, and other business stories
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8 Nov 2017 by Leave a Comment
Kumul Petroleum signs MOU for design of floating LNG plant, K64 million tourism support for Milne Bay and ENB provinces, and BSP reports K185 million Q3 profit. Your weekly digest of the latest business news.
Oil Search share sale represents a win for Papua New Guinea, says analyst
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27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
Papua New Guinea Investment Conference ‘a resounding success’
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13 Sep 2017 by Leave a Comment
The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
Maru says Papua New Guinea must aim at import replacement in agriculture
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13 Sep 2017 by 6 Comments
The Papua New Guinea government will establish an equity fund to invest in the agriculture sector, according to Richard Maru, Minister for National Planning and Monitoring. He tells Business Advantage PNG that replacing food imports with domestic production is a priority.
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