Papua New Guinea’s Treasurer Ian Ling-Stuckey is expected to deliver his third National Budget tomorrow (Thursday), with a major focus on managing the country’s K6 billion budget deficit.
Latest news
The latest business news from Papua New Guinea and the region
Santos and Oil Search merger now in the hands of the ICCC, DataCo reduces wholesale prices by 66 per cent for metro fibre connectivity services, and Treasurer Ling-Stuckey receives report on the Central Bank Act 2000 review. The business news you need to know.
Reductions in the wholesale price of data and prospects for increased competition look set to deliver lower prices for business and consumers in Papua New Guinea, according to Paul Komboi, Chief Executive Officer of state-owned wholesaler, PNG DataCo.
Privatisation talks take place for Telikom PNG and Bmobile, government commits to ending large scale logging by 2030 and Telstra begins its move to acquire Digicel. Your digest of the week’s business news.
Papua New Guinea Fortescue Future Industries has signed a deal to undertake feasibility studies for 18 green energy and hydrogen projects in Papua New Guinea. While there are no firm investment decisions yet, two projects are looking promising.
A project to build a refinery and mint facility in Port Moresby could put Papua New Guinea in the ‘world gold map’, Bougainville to receive K50 million electricity support package, and new agribusiness development in Western Province. The business news you need today.
While it awaits clarity from government on its future, Papua New Guinea’s troubled tourism industry has come up with some of its own ideas on how to restart international tourism to the country. Here’s what some of the key operators told Business Advantage PNG.
Dirio ready to supply power to Port Moresby’s grid, Oil Search revenue and production increases, and two SMEs join forces to host a challenge for Papua New Guinea’s entrepreneurs. The business news you need today.
While businesses have adjusted to Papua New Guinea’s Niupela Pasin protocols for managing COVID-19, the delta strain is proving a major challenge. Business Advantage PNG examines how the business community is responding.
A US$1.6 billion (K3.51 billion) deal has been struck for Australia’s largest telco to acquire Digicel Pacific, Papua New Guinea and the Pacific’s largest telecommunications business.