You always have to be prepared for surprises in PNG, but it certainly looks like the ExxonMobil-led P’nyang gas project will not proceed in its current form, following the Government’s withdrawal from negotiations over the gas agreement for the project.
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In brief: new export tax levy could break the forestry industry and other business stories
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27 Jan 2020 by Leave a Comment
Forestry industry says new export tax levy could spell the end, Wafi-Golpu Joint Venture to lay off employees and P’nyang negotiations edge towards deadline. The business news you need to kick-start your week.
In brief: Asian Development Bank to invest in Kina and other business stories
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9 Dec 2019 by Leave a Comment
Kina and the Asian Development Bank join forces, the Bank of Papua New Guinea launches its ‘regulatory sandpit’, and PNG’s first rooftop solar power trial begins. This is your weekly digest of business news.
New rules, more independence: Kumul Petroleum’s future
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27 Nov 2019 by 1 Comment
Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.
PNG’s date with destiny
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20 Nov 2019 by Leave a Comment
27 November is looming large as a key date for Papua New Guinea, with the date nominated for concluding negotiations between the State and developers over the ExxonMobil-led P’nyang gas project.
Building and Construction: a sector profile
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28 Oct 2019 by Leave a Comment
A profile of the building and construction sector in Papua New Guinea, including information on acquisition of land, approvals, building boards and taxes.
Prime Minister Marape flags more support for small business and less for future resources projects
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18 Oct 2019 by Leave a Comment
Prime Minister James Marape has outlined a two-pronged economic strategy to boost Papua New Guinea’s economy. He has also commented on the government’s attempts to manage the country’s rising debt, reports David James.
Nambawan Super: developing premium real estate
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2 Oct 2019 by
The Nambawan Plaza Precinct is just one example of the premium property developments not only transforming Port Moresby but bringing financial benefits to working Papua New Guineans.
In brief: Oil and Gas Act to be amended and other business stories
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9 Sep 2019 by Leave a Comment
Changes to the Oil and Gas Act, Prime Minister James Marape has announced that he wants to get the Wafi-Golpu gold mine ‘operational at the soonest’, and opposition leader Patrick Pruaitch has presented a case to challenge Marape’s election as prime minister. Your weekly digest of business news.
The new government’s policies under discussion
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4 Aug 2019 by Leave a Comment
The World Bank’s latest economic update on Papua New Guinea makes for interesting reading. We can expect growth this year in PNG, but how much will depend on a lot of factors, not all of which are within PNG’s control.
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