Economic update: cautious optimism in Papua New Guinea as major projects take shape

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With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.

Election time: Papua New Guinea in 2022 [opinion]

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What can we expect from Papua New Guinea’s 2022 National Elections? And what are the major challenges facing the winner?  Stephen Howes considers.

Papua New Guinea’s plan to balance the budget [analysis]

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Papua New Guinea’s 2022 National Budget focuses on health, growth and reducing its deficit by 2027, but can this be achieved? Economists Stephen Howes and Kelly Samof consider the evidence.

Papua New Guinea’s 2022 National Budget: what’s in it for business?

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The 2022 National Budget is a ‘big-spending budget’ aimed at stimulating economic growth. At a special online briefing held this week, Business Advantage PNG‘s readers heard from three experts on its likely impact on business.

In brief: Taking back Papua New Guinea’s forestry sector and other business stories

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Forestry Minister unveils plans to ‘take back the forestry sector’, Minister for Fisheries says funding is needed for the Pacific Maritime Industrial Zone and the Chamber of Mines and Petroleum questions gold refinery and mint project in Papua New Guinea. The business news you need today.

Papua New Guinea’s 2022 Budget to address budget repair

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Papua New Guinea’s Treasurer Ian Ling-Stuckey is expected to deliver his third National Budget tomorrow (Thursday), with a major focus on managing the country’s K6 billion budget deficit.

Searching for the green shoots

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For the time being, PNG’s economy appears to be managing its way through the COVID-19 crisis. According the Treasurer Ian Ling-Stuckey in the Final Budget Outcome for 2020, released in the past week, the ‘economic impact of the health crisis remained within our initial estimates.’

What’s on the agenda for Papua New Guinea business in 2021?

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With the Marape government surviving a challenge late last year and vaccines for the COVID-19 virus starting to emerge, Business Advantage PNG considers what business in Papua New Guinea can expect from the year ahead.

Papua New Guinea’s PM signals ‘honest and transparent’ economic repair

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Papua New Guinea’s Prime Minister, James Marape, has outlined his government’s goals for 2021, including building up infrastructure, undertaking ‘Budget repair’ and exploring ways to invest in domestic businesses. 

The sound of silence: minimal changes to taxes in Papua New Guinea’s 2021 Budget [analysis]

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There were few tax surprises in the 2020-21 Budget. However, what was not there was just as significant as what was, according to KPMG’s Tax Partner in Papua New Guinea, Karen McEntee.