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.
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In brief: International Monetary Fund approves Papua New Guinea’s request and other business stories
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.
ExxonMobil announces a new Vice-President of Investor Relations and Corporate Secretary and Digicel PNG Foundation welcomes new members to its Board of Directors.
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.
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.
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.
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.
ExxonMobil and the government-appointed State Negotiating Team have until the end of January to negotiate an agreement for the P’nyang gas project, says Minister for Petroleum.
ExxonMobil gets ready to sell assets, a more skilled tourism workforce for the Pacific Islands, and how working abroad affects you. Readings from around the world on business, leadership and management.
Minister expresses disappointment over P’nyang negotiations, companies owe about K1.8 billion in salaries and wages to the Internal Revenue Commission, and Australia is set to provide over K1 billion loan to PNG. Your weekly digest of business news.