After a month of political jousting, the Marape government yesterday survived an Opposition challenge in Papua New Guinea’s Parliament and has apparently legally passed the 2021 National Budget.
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Is the worst behind us?
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1 Dec 2020 by Leave a Comment
Just when you thought 2020 couldn’t surprise us any more, Papua New Guinea’s politicians delivered a November parliamentary session to remember.
In brief: Dirio Gas and Power project launched and other business stories
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23 Nov 2020 by Leave a Comment
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.
Parliament passes budget bills in lightning session, then adjourns until April 2021
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18 Nov 2020 by 2 Comments
Parliament sat briefly and unexpectedly yesterday to pass the 2021 National Budget legislation after Speaker Job Pomat ruled that last Friday’s surprise adjournment was illegal. It may not sit again until April 2021.
Marape government threatened as MPs and Ministers move to Opposition benches
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14 Nov 2020 by 14 Comments
A deliberate and surprise move by MPs and Ministers to the Opposition last Friday may foreshadow the end of the 18-month-old Marape Government in Papua New Guinea.
‘Take back PNG’ hits the statute books
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25 Sep 2020 by Leave a Comment
Reform is in the air in Papua New Guinea, with the country’s resources sector facing major legislative changes. On the other hand, the government faces its own reform challenges if it is to secure the funding it needs to address its budget deficit.
In brief: Kina Bank set to restock chests and other business stories
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14 Sep 2020 by Leave a Comment
Kina Bank announces an equity raising, Ok Tedi Mining reports K50 million interim dividend and the Prime Minister aiming to reach agreements on major resource projects by the end of the year. The business news you need to kickstart your week.
Learning to live with COVID-19
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21 Aug 2020 by Leave a Comment
With Papua New Guinea’s government deciding that the country must now to learn to live with COVID-19, one could argue that the first chapter of PNG’s encounter with the global pandemic has come to an end.
Infrastructure back on the agenda
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3 Mar 2020 by Leave a Comment
Infrastructure has been the subject of heavy discussion in the past month. Unreliable telecommunications and utilities were two of the major impediments identified by our 2020 PNG 100 CEO Survey, and I was able to ask State Enterprises Minister Sasindran Muthuvel about the government’s plans to reform PNG Power, Kumul Telikom and other state-owned enterprises at a special POMCCI breakfast last month.
In brief: good news for Wafi-Golpu and other business stories
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17 Feb 2020 by 3 Comments
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
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