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As January 10 recovery payments begin, Port Moresby businesses confront the consequences

2 Jul 2024 by Leave a Comment
Government funds to cover debris removal and business recovery have this week started to flow to businesses affected by the January 10 riots in Port Moresby. With funds for actual rebuilding still to be finalised, we talk to business leaders about the longer term consequences.
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Twinza Chair: Pasca A deal sets up ‘strategic alliance’ with MRDC

18 Jun 2024 by Leave a Comment
Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
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Newmont CEO affirms Wafi-Golpu ‘will be developed’

18 Jun 2024 by Leave a Comment
Newmont Corporation's Tom Palmer tells Business Advantage PNG that Papua New Guinea fits well within company’s strategy, but cautions that the prospective Wafi-Golpu copper-gold project will need to compete for capital with other projects in portfolio.
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Enga landslide: what business needs to know

4 Jun 2024 by Leave a Comment
The Porgera gold mine is operating without restrictions, following the tragic Papua New Guinea landslide which hit nearby. Meanwhile, New Porgera Limited and other PNG businesses are contributing to relief efforts, reports Nadav Shemer Shlezinger.
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Papua New Guinea businesses still face serious forex delays, despite interventions

23 May 2024 by 1 Comment
PNG banks and businesses tell Business Advantage PNG of considerable variation in wait times for foreign exchange, as the country's central bank acknowledges the economic damage caused. We look at the prospects for improvement.
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No quick fix to Papua New Guinea’s law and order issues but reforms are under way, says Deputy Prime Minister

22 May 2024 by 1 Comment
More police, prosecutors and magistrates, including some brought in temporarily from other Commonwealth countries, are key components of law and order reforms being pursued by Papua New Guinea’s government, according to Deputy Prime Minister John Rosso.
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Papua New Guinea’s proposed National Gold Corporation Bill opposed by industry

24 Apr 2024 by 7 Comments
PNG CORE has come out with serious objections to the government’s proposed National Gold Corporation Bill. We take a closer look at the legislation and what it could mean for the country's second most valuable export.
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