Trade, Commerce and Industry Minister Richard Maru says he is compiling a reserve list of businesses that may only be owned and operated by PNG nationals. While Maru has given no timeline for the reintroduction of the Reserve List, he says existing businesses will be bought out at the current value.
Existing SMEs on new Reserve List of Papua New Guinea businesses will be bought out at current market value, says Minister
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9 Mar 2016 by 6 Comments
SME policy launch reflects growing realisation that Papua New Guinea cannot rely solely on the resources sector
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2 Mar 2016 by 8 Comments
The launch of the country’s first master plan to develop the Small and Medium Sized Enterprise (SME) sector reflects a growing acknowledgment by Cabinet ministers that they need to grow sectors other than mining.
In brief: Agriculture Minister says Papua New Guinea must reinvest in sector, and other business stories
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17 Feb 2016 by Leave a Comment
Agriculture Minister says annual investment in agriculture is just K150 million a year, call for mining sector style tax incentives for agriculture, and Leaders’ summit critically important, says O’Neill. Your weekly digest of the latest business news.
In brief: Papua New Guinea government suspends vegetable import ban, and other business stories
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27 Jan 2016 by
Ban imported vegetables suspended for three months, Mainland CEO calls for tougher bio security measures, and Oil Search confident, despite low oil prices. Your weekly digest of the latest business news.
Partial lifting of ban on imported vegetables to Papua New Guinea welcomed but calls for more production assistance
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19 Nov 2015 by 2 Comments
Business welcomes the Agriculture Minister’s decision to temporarily lift a ban on some imported vegetables, but calls for more government support to lift production—and more consultation.
Five questions for: Arthur Lenoir, Leader of the French Trade Delegation to Papua New Guinea
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28 Oct 2015 by Leave a Comment
The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG.
In brief: Papua New Guinea Government may review petrol supply regime, and other business stories
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2 Sep 2015 by Leave a Comment
O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.
How Papua New Guinea business is supporting the Pacific Games
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1 Jul 2015 by 1 Comment
This weekend, the Pacific Games commences in Port Moresby, attracting some 4000 athletes from across the Pacific, with events televised in each of the 24 participating countries. How has Papua New Guinea business made the most of the opportunity? Business Advantage PNG investigates.
In brief: Port Moresby Chamber backs Northern Australia development for Papua New Guinea, and other business stories
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24 Jun 2015 by 1 Comment
Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news.
In brief: Business endorses new Papua New Guinea police chief, and other business stories
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3 Jun 2015 by Leave a Comment
Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.
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