In brief: Gas from PNG LNG plant to feed the Port Moresby grid in early 2019, and other business stories

New Port Moresby power plant to be online during early 2019, US equity firm bids A$13.5 billion for Santos, and PNG Post keen to diversify. Your weekly digest of the latest business news.

In brief: Public debt stands at 31.9 per cent of GDP, and other business stories

Total public debt stands at K23.5 billion, review of gun licences for private security firms likely, and People’s Micro Bank to be commercialised later this year. Your weekly digest of the latest business news.

In brief: Broadening of Papua New Guinea tax base predicted, and other business stories

Future Budgets expected to see significant tax changes, Sovereign Wealth Fund to be finalised in 2018, and PNG Air enters freight market. Your weekly digest of the latest business news.

Domestic credit in Papua New Guinea sound, say finance executives

Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively healthy. Finance executives and analysts tell Business Advantage PNG that there has been only a slight deterioration of kina-denominated credit, despite the weak economy.

In brief: Total to build separate LNG pipeline, and other business stories

Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.

In brief: Fiji lifts ban on import of Papua New Guinea food products, and other business stories

Fiji’s trade Minister lifts ban on PNG food products, K65 million sought to contain coffee berry borer, and O’Neill warns of crackdown on companies not paying taxes. Your weekly digest of the latest business news

Saving key to improving credit to Papua New Guinea business, say top bankers

The greatest challenge facing Papua New Guinea’s financial system and businesses is to establish saving in the country’s mostly unbanked population. That is the message from three of the country’s top bankers.

Business Advantage Boardroom, Episode 1: Papua New Guinea’s top bankers discuss the financial services sector

Papua New Guinea’s top bankers discuss the kina, foreign exchange shortages, finance for business and the future of banking services.

In brief: Petroleum Minister says Bougainville President should ‘carefully consider’ offer of free equity in BCL, and other business stories

John Momis told to ‘carefully consider’ equity offer from Rio Tinto, ExxonMobil declines to confirm or deny InterOil bid, and Supreme Court orders parliamentary vote on no confidence motion. Your weekly digest of the latest business news.

Existing SMEs on new Reserve List of Papua New Guinea businesses will be bought out at current market value, says Minister

Trade, Commerce and Industry Minister Richard Maru says he is compiling a reserve list of businesses that may only be owned and operated by PNG nationals. While Maru has given no timeline for the reintroduction of the Reserve List, he says existing businesses will be bought out at the current value.