A new Country Representative for the UN in PNG, Senior Taxation appointment at KPMG
Papua New Guinea’s 2018 Budget signals a shift away from dependence on the resources sector
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29 Nov 2017 by Leave a Comment
The Papua New Guinea government has handed down its 2018 Budget. It indicates that the government is looking to focus more on the non-mining sectors of the economy.
Tax amnesty relief for business in Papua New Guinea
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15 Nov 2017 by Leave a Comment
The Commissioner-General of the Internal Revenue Commission (IRC), Betty Palaso, has announced a temporary tax amnesty for business in Papua New Guinea. Penalties that would normally be imposed by the IRC on late lodgement of annual tax returns and late payments will not be applied for the rest of 2017.
People moves: Kina Group, KPMG
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13 Sep 2017 by Leave a Comment
Kina appoints a new brand ambassador, new KPMG partner appointed
People moves: Interim Cabinet appointments, Air Niugini, Securities Commission of PNG, Maigari Limited, KPMG, Akzo Nobel (PNG), Pacific Foam Group
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8 Aug 2017 by
O’Neill appoints new Treasurer, a new Chair of the Securities Commission, Air Niugini appoints first woman to head a subsidiary, Ramu landowner board appointments, new partner at KPMG, a new CEO at Akzo Nobel, and a Group Operations Manager at Pacific Foam Group
Global mining major needed to re-open Bougainville’s Panguna copper mine?
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18 Jul 2017 by Leave a Comment
Funding the re-opening of the Panguna copper mine is a key concern for a newly-formed Joint Committee of landowners, BCL and governments, says Bougainville Governor, John Momis. Independent analysts believe it is likely to come from one of the global mining majors.
People moves: Paradise Foods, Bank of Papua New Guinea, KPMG, NASFUND
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24 Jan 2017 by Leave a Comment
Managing Director of Paradise Foods steps down, Bakani re-appointed as Central Bank Governor, KPMG appoints a new Managing Partner, four new NASFUND executives.
Signs of real recovery as big money shows interest in large resource projects
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14 Dec 2016 by Leave a Comment
Sovereign wealth funds, private equity and ‘mega-families’ are showing a growing interest in investing in large resource projects, according to Graham Smith, Global Leader Mining M&A at KPMG Corporate Finance in Australia. The PNG Mining and Petroleum Investment conference was told that investment, debt and equity markets are showing signs of improvement.
People moves: Anitua, KPMG, Coffee Industry Corp
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8 Nov 2016 by
A new Chief Executive Officer at Anitua, new senior appointments at KPMG, board appointments for Coffee Industry Corp
Papua New Guinea’s 2017 National Budget flags business tax changes and cuts to infrastructure, education and health spending
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2 Nov 2016 by Leave a Comment
The 2017 Federal Budget announces complex changes in company taxation arrangements. Spending on infrastructure, health and education will be cut, and there are signs that funding government debt may prove increasingly challenging.
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