News

What does Papua New Guinea business want from the new Marape government?

With its majority established in Parliament and its ministry appointed, Papua New Guinea's Marape government is now getting back to the business of running the country. Key business leaders tell Business Advantage PNG what they think its priorities should be.
Read More

In brief: Wafi-Golpu agreement to contain risk funding provisions and other business stories

Morobe Governor says Wafi-Golpu agreement will contain risk funding provisions, internet cable breakages set to take months to fix, and superannuation fund puts pressure on government over rent arrears. The business news you need today.
Read More

Kumul Petroleum moves to increase Papua New Guinea’s stake in PNG LNG project

State-owned Kumul Petroleum has made an offer to purchase a further five per cent of the PNG LNG project from Santos. The US$1.4 billion move looks set to position it to play a greater role in the future of Papua New Guinea's oil and gas sector with global LNG demand increasing.
Read More
advertisment...

Foreign investment starting to return to Papua New Guinea, says IPA head

Foreign direct investment in Papua New Guinea is starting to return this year after a 'huge slump' over the previous two years, according to Clarence Hoot, Managing Director of the country's Investment Promotion Authority.
Read More

Regulator approval paves the way for corporate bond market in Papua New Guinea

In what may be the most significant innovation in Papua New Guinea's capital markets since the establishment of a local stock exchange, the PNGX has announced Securities Commission approval for its new Debt Market Rules. The approval paves the way for the establishment of a corporate bond market.
Read More

In brief: Papua New Guinea to explore free trade agreement with China and other business stories

Free trade agreement with China to be explored, Papua New Guinea's Immigration and Citizenship Authority reactivates instant visas, and Port Moresby to get new tower development. The business news today.
Read More