Papua New Guinea is a ‘low risk’ country for foreign investors, according to John Leahy, President of the Papua New Guinea Chamber of Commerce and Industry. But he tells Business Advantage PNG that it is important to prepare thoroughly in order to be a successful investor.
We are really excited about the program we have put together for our first investment conference in two years, which includes two heavyweight keynote speakers plus an impressive cross-section of PNG and international business leaders.
Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
The operator of the second Papua New Guinea LNG project says overcoming technical and environmental issues will determine if Total joins the existing PNG LNG trains. Managing Director, Philippe Blanchard, says a decision will be made within the next 5-6 months.
Leahy predicts pressure on kina after Trump election, ban on beche-de-mer to be lifted and financing boost for SMEs. Your weekly digest of the latest business news.
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