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.

Lack of import controls harming Papua New Guinea’s fishing industry says Fishing Industry Association’s Celso

Papua New Guinea’s fishing industry faces fierce competition from Thailand and the Philippines, says Pete Celso, Managing Director of R D Tuna Canneries in Lae. He believes a lack of control over imports is harming the local industry.

In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

In brief: Further delay in start of Pacific Marine Industrial Zone, and other business stories

China wants extra loan to fund PMIZ, unions concerned about housing tax on employees, Bank PNG questions accuracy of IMF economic report. Your weekly digest of the latest business news.

In brief: Chamber calls for action over lack of foreign exchange, and other business stories

Lae business leader warns of job cuts if forex problem not solved soon, Tourism Minister says PNG lags behind Vanuatu and Fiji in tourism spend, and 1,000 SMEs to close when asylum seeker centre closes. Your weekly digest of the latest business news.

In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories

Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.

Papua New Guinea’s long-awaited Pacific Marine Industrial Zone launched

Eleven years after the Papua New Guinea government’s National Executive Council approved the scheme, the Pacific Marine Industrial Zone (PMIZ) in Madang Province has finally been launched, with local business leaders saying it will reduce freight costs, speed up transport and reduce congestion at Lae’s wharves.

In brief: PM to launch construction phase of Pacific Marine Industrial Zone project, and other business stories

Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.

In brief: US power and construction company eyes Papua New Guinea as next location, and other business news

Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.

In brief: Treasury to review 2015 Papua New Guinea Budget, and other business stories

Falling commodity prices and rating outlook drop prompts Budget review, O’Neill supports Madang marine zone and new police chief to boost numbers in Port Moresby. Your weekly digest of the latest business news.