In brief: Prime Minister says deal for Porgera’s reopening imminent and other business stories

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Prime Minister Marape says government is ‘poised to sign’ a deal to reopen the Porgera mine, World Bank to help PNG Power and OK Tedi Mining resumes operations.

‘There could not be a better time’ for Papua New Guinea’s new foreign investment laws

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Now is the time to focus on restarting foreign investment in Papua New Guinea, says Clarence Hoot, Managing Director of the country’s Investment Promotion Authority. He tells Business Advantage PNG the IPA’s priorities for the year ahead, which include getting new foreign investment laws through Parliament.

Papua New Guinea attracts more enquiries from foreign investors despite COVID-19 crisis

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The Investment Promotion Authority has released data on foreign investment trends in 2020 that show the sector of most interest was agriculture. Despite the impact of COVID-19 there was significant investor interest.

In brief: ADB approves K87 million telecommunications investment in Papua New Guinea and other business stories

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The Asian Development Bank approves a multi-million kina investment in telecommunications in Papua New Guinea, Investment Promotion Authority looks to make doing business easier, and Fortescue Metal Group announces plans for hydropower projects in PNG. The business news you need to kickstart your week.

Foreign investment in Papua New Guinea falls as Minister flags new laws

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Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG’s investment laws.

A review of Papua New Guinea’s proposed legislative reforms

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Proposed legislative reforms related to foreign investment, land, and arbitration in Papua New Guinea.

Forms of investment in Papua New Guinea explained

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An introduction to the business structures foreign investors need to know to conduct business in Papua New Guinea, including how to register as a foreign company.

Foreign investment law and policy in Papua New Guinea

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An overview of the foreign investment law and policy in Papua New Guinea including certification, reserved activities and guarantees.

In brief: Prime Minister of Papua New Guinea reshuffles Cabinet and other business stories

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Papua New Guinea’s Cabinet gets a major reshuffle, the United States withdraws from the Paris Agreement, and over 5,000 companies in PNG could have been put on notice for not filling their annual returns. Your weekly digest of business news.

Opinion: five things the Marape Government can do to foster economic recovery in Papua New Guinea

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What can the Prime Minister and his team do to support a sustained recovery? ANU’s Stephen Howes offers his suggestions.