‘There could not be a better time’ for Papua New Guinea’s new foreign investment laws

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Now is the time to focus on restarting foreign investment in Papua New Guinea, says Clarence Hoot, Managing Director of the country’s Investment Promotion Authority. He tells Business Advantage PNG the IPA’s priorities for the year ahead, which include getting new foreign investment laws through Parliament.

Obituary: Grand Chief Sir Michael Somare

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With the death of Grand Chief Sir Michael Somare – the man who led Papua New Guinea to independence in 1975 and became Papua New Guinea’s longest-serving member of parliament – the Pacific has lost one of its most prominent and respected leaders.

Sir Mekere Morauta: the man and his legacy in Papua New Guinea [opinion]

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Papua New Guinea’s former Prime Minister, Sir Mekere Morauta, passed away last month after a long illness. Paul Barker considers the lasting legacy of PNG’s ‘main reformist prime minister’.

Marape Government survives challenge; 2021 budget passed again

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After a month of political jousting, the Marape government yesterday survived an Opposition challenge in Papua New Guinea’s Parliament and has apparently legally passed the 2021 National Budget.

Parliament passes budget bills in lightning session, then adjourns until April 2021

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Parliament sat briefly and unexpectedly yesterday to pass the 2021 National Budget legislation after Speaker Job Pomat ruled that last Friday’s surprise adjournment was illegal. It may not sit again until April 2021.

People moves: National Executive Committee

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Nine new ministerial appointments have been announced after last week’s events in Parliament.

In brief: Papua New Guinea paves the way for Papua LNG, and other business stories

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Parliament passed six key pieces of legislation that allow the Papua LNG project to move forward, Australia’s Prime Minister cancels his trip to Papua New Guinea and cocoa farmers in East Sepik Province ready to benefit from new project. The business news you need to kickstart your week.

People moves: Papua New Guinea Parliament, Steamships, JJS Holdings

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The Papua New Guinea Parliament announces a new Deputy Speaker, JJS Holdings welcomes a General Manager and Steamships to get a new Managing Director.

Papua New Guinea’s state of emergency extended by two weeks

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Parliament has voted to extend Papua New Guinea’s state of emergency by two weeks while it debates how the country will look when the restrictions are eventually eased.

Explainer: Papua New Guinea’s stimulus package relying on overstretched IMF

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Papua New Guinea’s government has announced its Budget deficit will balloon to more than K6 billion, the biggest in the nation’s history. Treasurer Ian Ling-Stuckey has announced a well-targeted stimulus, but the International Monetary Fund needs to come to the party.