In brief: Papua New Guinea’s economy has the potential to reach K200 billion in the next 10 years and other business stories

Welcome,

Papua New Guinea’s Prime Minister talks business during Independence dinner, Tari Airport reopens and Treasurer Ian Ling-Stuckey on the Central Banking Act. The business news you need to know to kickstart your week.

In brief: What companies in Papua New Guinea are doing to stop the spread of COVID-19 and other business stories

Welcome,

Telikom PNG launches a COVID-19 helpline, mining companies announce contingency plans and studies conducted at the Frieda River project site to be finalised. The news you need to kickstart your week.

How Papua New Guinea is faring in the global financial maelstrom

Welcome,

The rapid spread of the coronavirus COVID-19 has disrupted global economic activity and led to a fall in financial markets. But the story is very different for big companies in Papua New Guinea, although there will be some adverse impacts, especially in the oil and gas sector.

Blast from the past: Papua New Guinea’s economy in 2020

Welcome,

The year 2020 looks like being a watershed year for Papua New Guinea, with a number of transformative projects awaiting the green light and a new government seeking to implement an ambitious agenda.

In brief: International Monetary Fund approves Papua New Guinea’s request and other business stories

Welcome,

Papua New Guinea gets help from the International Monetary Fund, Minister for Petroleum explains P’nyang license and the ‘Whistleblower Act’ passes unanimously. The news you need to kickstart your week.

People moves: ExxonMobil, Digicel PNG Foundation

Welcome,

ExxonMobil announces a new Vice-President of Investor Relations and Corporate Secretary and Digicel PNG Foundation welcomes new members to its Board of Directors.

Will Papua New Guinea slip to the back of the LNG queue?

Welcome,

The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.

In brief: World Bank releases new economic outlook for Papua New Guinea and other business stories

Welcome,

The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week. Resources Patrick Pouyanne, CEO of the French oil and gas company Total, has said that ExxonMobil and PNG need […]

Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea

Welcome,

As talks between ExxonMobil and Papua New Guinea’s State Negotiating Team over the P’nyang gas project reach their nominated ‘walk away’ deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.

In brief: new export tax levy could break the forestry industry and other business stories

Welcome,

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.