How did the informal economy developed in Papua New Guinea? John David Conroy, Visiting Fellow at the Australian National University’s Crawford School, explores informality in PNG and its repercussions.
Papua New Guinea’s informal economy in development [analysis]
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27 Jan 2021 by Leave a Comment
In brief: Mineral Resources Authority commends K92 Mining for paying taxes and other business stories
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27 Jan 2021 by 1 Comment
K92 Mining sets example in the mining industry in Papua New Guinea, Australia commits funds to help PNG get COVID-19 vaccinations and latest survey on COVID-19’s impact on the business community.
What’s on the agenda for Papua New Guinea business in 2021?
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18 Jan 2021 by 4 Comments
With the Marape government surviving a challenge late last year and vaccines for the COVID-19 virus starting to emerge, Business Advantage PNG considers what business in Papua New Guinea can expect from the year ahead.
Papua New Guinea’s PM signals ‘honest and transparent’ economic repair
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13 Jan 2021 by 10 Comments
Papua New Guinea’s Prime Minister, James Marape, has outlined his government’s goals for 2021, including building up infrastructure, undertaking ‘Budget repair’ and exploring ways to invest in domestic businesses.
2020: the year in review for Papua New Guinea business
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9 Dec 2020 by 1 Comment
COVID-19, Porgera and politics may have monopolised the attention of the media, but 2020 brought many other challenges, unexpected changes and triumphs for business. Here’s how Business Advantage PNG reported on this extraordinary year.
The sound of silence: minimal changes to taxes in Papua New Guinea’s 2021 Budget [analysis]
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2 Dec 2020 by Leave a Comment
There were few tax surprises in the 2020-21 Budget. However, what was not there was just as significant as what was, according to KPMG’s Tax Partner in Papua New Guinea, Karen McEntee.
Papua New Guinea’s 2021 National Budget: the most ‘challenging in our lifetime’
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23 Nov 2020 by 1 Comment
The current economic conditions are the most ‘challenging in our lifetime’, according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea’s non-resources economy firing.
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.
Budget paper: Papua New Guinea’s revenue problem means it must raise more debt
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16 Nov 2020 by Leave a Comment
The suspension of Parliament means that Papua New Guinea’s 2021 National Budget will be delayed until at least next month and possibly longer. Whenever it is finally delivered – and whoever delivers it – the recently released Budget Strategy Paper clearly outlines the challenges it must address.
Money for reforms: ADB offers Papua New Guinea COVID assistance
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23 Sep 2020 by Leave a Comment
The Asian Development Bank is looking to provide as much as US$800 million (K2.8 billion) in new funding to support Papua New Guinea’s budget, according to its Country Director, David Hill.
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