In brief: Papua New Guinea SOEs’ tax debt close to K700 million and other business stories

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The Internal Revenue Commission’s potential plans for state-owned enterprises debt to be repaid, Fiji welcomes Kina Bank, and Link PNG’s proposed acquisition of PNG Air rejected again. The business news you need to know today.

The crisis of governance in Papua New Guinea’s power sector [analysis]

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Michael Kabuni and Kingtau Mambonis from the University of Papua New Guinea, and Stephen Howes, Director of the Development Policy Centre, analyse the crisis afflicting Papua New Guinea’s power sector.

In brief: PNG Power workers demand clarity and other business stories

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PNG Power workers protest lack of consultation and transparency, China delivers 200,000 doses of the Sinopharma vaccine to Papua New Guinea and Kina Asset Management Limited presents its annual report. 

People moves: PNG Power, Credit Corp PNG, PNG Defence Force, Oil Search, Newcrest Mining, Paradise Foods

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PNG Power Managing Director resigns, Credit Corporation PNG announces changes to its board, new appointment at PNG Defence Force, changes at Oil Search board, Newcrest Mining welcomes a new Director and Paradise Group CEO steps down.

Shake-up of the Papua New Guinea electricity supply industry

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Recent changes to the National Energy Authority Act 2020 and the Electricity Industry (Amendment) Act 2020 introduce new requirements for electricity projects and change the way the sector operates. Vaughan Mills, Lisa Kudada and Andrea Moffatt from the independent law firm Corrs Chambers Westgarth, explain the changes.

In brief: PNG Power and Bougainville partner to develop energy sector and other business stories

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Bright future for Bougainville’s power industry, BSP reduces equity required to get SME loan and new terminal at Momote Airport. The business news in brief.

Electricity for auction in Papua New Guinea – but at what price?

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The vision for reforming Papua New Guinea’s power sector is becoming clearer, with power auctions likely to play a major role in driving down electricity prices and helping the country meet its future electricity needs.

In brief: power outages in Lae explained and other business stories

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Power outages in Papua New Guinea’s second largest city linked to K60 million debt, government looking into outstanding debts and new partnership between the Morobe Provincial Government and the National Airport Corporation. The business news in brief.

In brief: vaccine rollout announced for Papua New Guinea and other business stories

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Vaccine rollout announced for Papua New Guinea’s 22 provinces, Enga Electrification Project gets funding and Kumul Petroleum to seek funding for gas fields overseas. The news in brief.

Getting serious about digital in Papua New Guinea

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ASX- and PNGX-listed Kina Bank is leading the way in Papua New Guinea’s digital revolution. CEO Greg Pawson outlines the opportunities for business, government and consumers.