As Papua New Guinea’s commercial and manufacturing hub, Lae is critical to the national economy. However, businesses in the city are having to manage a number of critical impediments, as John Byrne, President of the Lae Chamber of Commerce and Industry, shares in this opinion piece for Business Advantage PNG.
New Commissioner and Chief Executive Officer for ICCC, new Head of Corporates and Institutions at TISA Bank, American Chamber of Commerce (AmCham) Coral Sea appoints new board for 2026, and a Marketing and Events Manager for Business Advantage International.
KPHL appoints acting MD, new board Director for Credit Bank PNG, new CFO for ANZ PNG, a new head of the ICCC and new board members for PNG Tourism Promotion Authority.
Speakers at this year’s 2025 Business Advantage PNG Investment Conference touched on a range of key themes, including the need to strengthen the country’s institutions and its ‘human capacity’, and provided updates on key projects such as PNG Power’s turnaround plan, major resources projects and the strategies of leading banks and financial institutions.
At this stage, it appears that Papua New Guinea will likely be greylisted by the Financial Action Task Force in early 2026. Zanie Theron, Partner-in-Charge of KPMG’s South Pacific practice, shares what PNG has done so far on greylisting, and the steps the country still must take to address this very serious risk.
Papua New Guinea’s Independent Consumer and Competition Commission is set for a busy few months, as the country looks set for a higher-than-usual level of mergers-and-acquisitions activity. Beyond M&A, there are other developments for investors to look forward to as well.
New Public Interest Directors at PNGX and Inaugural Directors announced at the PNG Independent Commission Against Corruption (ICAC).
Nasfund reports record profits and all-time highs in its annual report, Nambawan Super launches two new products and announces positive results for 2021, and the ICCC revokes its authorisation for PNG Air–Link PNG deal. The business news you need today.
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
Oil Search’s shareholders have voted overwhelmingly to approve its merger with fellow petroleum and gas company Santos at a special shareholders meeting. With National Court and ICCC approval also received, the way is clear for the creation of a A$23 billion (K56.88 billion) resources company.