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Economy/Investment

MRA executive calls for better protection of mining tenements in Papua New Guinea

6 Dec 2017 by 3 Comments
The next decade could be a ‘golden’ one for the mining sector, believes Roger Gunson, Executive Manager, Regulatory Operations at the Mineral Resources Authority. But he has called for changes to Papua New Guinea's government policy to better protect mining tenements.
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Oil and gas prices strong: a monthly review of Papua New Guinea’s commodities and financial markets

29 Nov 2017 by Leave a Comment
Oil and gas prices are up and copper is also strong. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets comes to you from this week's PNG Mining and Petroleum Conference in Port Moresby.
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Australian government commits to building an undersea telco cable to Port Moresby

17 Nov 2017 by 3 Comments
The Prime Minister of Australia, Malcolm Turnbull and the Prime Minister of Papua New Guinea, Peter O’Neill have announced they will be working together to lay a new undersea high speed telecommunications cable from Australia to Port Moresby. The move is expected to contribute to closer economic integration between the two neighbouring countries.
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Local knowledge and ‘being there’ critical for business success in the Pacific region

15 Nov 2017 by 1 Comment
Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.
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Tax amnesty relief for business in Papua New Guinea

15 Nov 2017 by Leave a Comment
The Commissioner-General of the Internal Revenue Commission (IRC), Betty Palaso, has announced a temporary tax amnesty for business in Papua New Guinea. Penalties that would normally be imposed by the IRC on late lodgement of annual tax returns and late payments will not be applied for the rest of 2017.
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Shift in demand for ‘exotic’ minerals resources could provide opportunities for Papua New Guinea

8 Nov 2017 by Leave a Comment
A shift in the resources industry is expected, with demand for more “exotic” minerals increasing. But Justin Smirk, Senior Economist at Westpac Institutional Bank tells Business Advantage PNG that industry players must apply a long-term and holistic approach to reap the benefits.
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