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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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.

In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories

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Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.