Supplementary budget imposes greater austerity on Papua New Guinea’s economy

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The Papua New Guinea government has brought down a supplementary Budget to address what it described as a ‘record budget deficit.’ The Minister for Treasury, Ian Ling-Stuckey, claimed it is necessary to get the Budget within sound fiscal limits.

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Opinion: Can Papua New Guinea become the richest black nation in the world in ten years?

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Papua New Guinea’s new Prime Minister said shortly after his election that PNG could become the ‘richest black nation on Earth’ within 10 years. Can it be done? Economist Maholopa Laveil considers.

Papua New Guinea’s new cabinet brings optimism to business community

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The new cabinet announced by Prime Minister James Marape has many sound choices, according to Paul Barker, Executive Director of the Papua New Guinea Institute of National Affairs. He tells Business Advantage PNG that there is optimism in the business community about the new government. 

Prime Minister Marape flags changes to Papua New Guinea’s resources laws

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Papua New Guinea’s new Prime Minister James Marape has given the first indications of the changes his government will be making to the country’s business environment.

Papua New Guinea’s Prime Minister O’Neill announces intention to resign – what happens next?

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Papua New Guinea’s Prime Minister Peter O’Neill announced his resignation yesterday at a press conference in Port Moresby. The announcement followed the defections on Friday of several MPs to the Opposition, which is now claiming sufficient numbers to form government in its own right.

Papua New Guinea’s Parliament adjourned to head off Vote of No Confidence

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Papua New Guinea’s Parliament looked set to address a motion for a Vote of No Confidence in the O’Neill-Abel Government. However, with Parliament adjourned until late May, exactly when or if a vote will take place is a matter of speculation.

Peter O’Neill returns as Papua New Guinea’s Prime Minister

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Peter O’Neill has been returned for a second term as Prime Minister of Papua New Guinea by the country’s 10th National Parliament. In his first speech to Parliament, he flagged a continued focus on education, health and infrastructure.