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 Bank of Papua New Guinea Chair, new Acting Commissioner General at IRC, NBC CEO stands down, new Group Legal Counsel at Steamships, new board chairman at CTSL.
IRC Commissioner General resigns, Nambawan Super appoints new CEO.
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.
The operator of PNG’s Simberi gold mine is aiming to extend the mine’s life by at least 10 years and triple annual production. In an exclusive interview with Business Advantage PNG, St Barbara’s CEO Andrew Strelein outlines how his company is expediting these plans, including a deal to sell a minority share in the mine to Kumul Minerals.
Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, Airbus wins race to replace Air Niugini fleet, while Securities Commission revokes Melanesian Trustee Services Limited’s trustee license. Your business news in brief.
Papua New Guinea’s Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country’s tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC’s long-term strategy.
The Internal Revenue Commission’s potential plans for state-owned enterprises debt to be repaid, Fiji welcomes Kina Bank, and Link PNG’s proposed acquisition of PNG Air rejected again. The business news you need to know today.
The Internal Revenue Commission to audit logging companies claiming GST, SP Brewery gets international recognition and PNG DataCo launches COVID-19 website. The business news in brief.
Japan helps Papua New Guinea with a generous loan, the Internal Revenue Commission launches its annual work plan and Prime Minister Marape visits Jiwaka Province.