Papua New Guinean employers are bracing for a fierce battle to attract and retain skilled workers.
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Papua New Guinea’s war for talent
20 Mar 2023 by 2 Comments
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Papua LNG project moves to FEED stage: what’s next?
7 Mar 2023 by 1 Comment
The TotalEnergies-led Papua LNG gas project in Papua New Guinea has officially entered its FEED [front end engineering and design] stage - the last major stage before the $US10 billion project is given a green light. We look at what happens next.
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Economic update 2023: Papua New Guinea’s year of gearing up
28 Mar 2023 by 3 Comments
With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
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Regulatory overhaul to turbocharge capital market growth in Papua New Guinea
3 Mar 2023 by Leave a Comment
Proposed amendments to the laws governing Papua New Guinea's capital markets aim to open up the market to more ways of raising capital and strengthen governance in the sector.
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Five questions for Jon Philp, Australian High Commissioner to Papua New Guinea
1 Mar 2023 by Leave a Comment
One of Papua New Guinea's major trading partners, Australia has continued to increase its support for the country's economic development, especially in infrastructure. Business Advantage PNG asks Jon Philp, Australia's High Commissioner to PNG, about the intent of Australia's aid program in PNG and its priorities.
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Kumul Petroleum moves to commercialise more gas fields in Papua New Guinea
1 Mar 2023 by 2 Comments
State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea's smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
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Business-as-usual: Webuild is Lombrum Naval Base’s new head contractor
17 Feb 2023 by 1 Comment
The K146 million redevelopment of Lombrum Naval Base in Manus Province is one of the significant infrastructure projects recently acquired by Italy’s Webuild for A$39 million (K94.3 million), following mounting financial problems confronting Australian engineering and construction group, Clough.
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Bumper cocoa crop to define 2023, says key exporter
15 Feb 2023 by 1 Comment
There are expectations of a bumper cocoa crop in 2023, according to the new CEO of Papua New Guinea’s largest cocoa exporter, NGIP Agmark. However, Steven Nightingale tells Business Advantage PNG that profitability will depend on tighter control of rising costs.
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Exclusive: Kerenga Kua on Papua New Guinea’s planned petroleum and gas reforms
15 Feb 2023 by 4 Comments
Papua New Guinea is planning to move to a production sharing regime for petroleum and gas by the middle of the decade. Business Advantage PNG caught up with Minister for Petroleum Kerenga Kua, to better understand why the reforms are happening, and what industry can expect.
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Opinion: How exposed is Papua New Guinea’s economy to a tiny cluster of companies?
14 Feb 2023 by 2 Comments
Papua New Guinea relies heavily on a limited number of taxpayers. Paul Barker, Executive Director of industry-funded think tank, the Institute of National Affairs, considers the implications for government expenditure and PNG's foreign exchange situation.
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