Opinion: Public procurement in Papua New Guinea set for most dramatic reform in decades

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Public procurement in Papua New Guinea is set to be subject to the most significant reforms for decades, according to Stephen Massa, Partner and Head of the PNG office for law firm Dentons. The reforms will give preferment to locally-owned suppliers.

Opinion: What businesses must watch out for when dealing with foreign exchange

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There are many pitfalls for the unwary when dealing with other countries’ money says Stephen Massa, Head of the PNG Office for law firm Dentons.

Releasing customary land for housing essential as state land runs out, says NRI

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House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.

IPA signals crack down on foreign ownership rorts in Papua New Guinea

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Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.