Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
China
In brief: Prime Minister Marape invites US and China to invest in Papua New Guinea and other stories
Prime Minister James Marape on a free trade agreement with China, invitation to the United States to invest in Papua New Guinea extended, and renewed interest in the Solwara One project.
China remains Papua New Guinea’s second largest source of imports and third-largest export market. Fresh from over three years in Beijing, Austrade’s new Deputy CEO considers the prospects for doing more business with China.
The Asian Infrastructure Investment Bank highlights China’s collaborative approach, but who’s benefiting from the bank? What’s its footprint in the Pacific? and what does a ‘greener’ future look its current and new projects? Devpolicy’s Senior Researcher, Cameron Hill, provides an overview.
While the number of Chinese businesses in Papua New Guinea has increased significantly over the past two decades, more recently direct investment from China has flagged. A pioneering new study is taking a closer look.
Australia’s new government has made it clear that its approach to its relationship with the Pacific will have a new type of engagement. Will it give it a chance to fight the influence of China in the region? Political consultant Jeffrey Wall explores.
To build or not to build: multibillion dollar Chinese project highlights Western Province’s dilemmas
Reports that a Chinese company has put forward a multibillion dollar plan to develop several areas in Western Province have highlighted the lack of investment in one of Papua New Guinea’s most neglected provinces.
Papua New Guinea’s standing as a regional power, customer service post-COVID, and remote care for at-home workers. Readings from around the world on business, leadership and management.
The possible ‘decoupling’ of China and the US, COVID can infect people from further than six feet away and Timor Leste creates an appetite for traditional foods. Readings from around the world on business, leadership and management.
Papua New Guinea signed up to China’s Belt and Road initiative in 2018 but this is unlikely to result in significant investment, according to Dinny McMahon, author of China’s Great Wall of Debt.