The Governor of Bank of Papua New Guinea has forecast a recovery for the country’s economy of 2.5 per cent after the sharp contraction of 2020. But he says the national budget and PNG’s foreign exchange reserves will remain under pressure.
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Oil Search’s MD talks about the next wave of gas projects in Papua New Guinea
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6 Apr 2021 by Leave a Comment
Oil Search is a key partner in the next wave of gas projects in Papua New Guinea but has faced a tough year. Business Advantage PNG speaks with Managing Director Dr Keiran Wulff on the company’s future in PNG and the rich potential of its gas reserves.
‘There could not be a better time’ for Papua New Guinea’s new foreign investment laws
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15 Mar 2021 by Leave a Comment
Now is the time to focus on restarting foreign investment in Papua New Guinea, says Clarence Hoot, Managing Director of the country’s Investment Promotion Authority. He tells Business Advantage PNG the IPA’s priorities for the year ahead, which include getting new foreign investment laws through Parliament.
More jobs, better recovery strategy: what Papua New Guinea’s economy needs to thrive
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10 Mar 2021 by Leave a Comment
The most important economic issue facing Papua New Guinea is job generation, according to Douveri Henao, Executive Director Business Council of PNG, and Paul Barker, Executive Director of the Institute of National Affairs.
Papua New Guinea falls in mining investment rankings
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5 Mar 2021 by 1 Comment
Papua New Guinea is ranked as the tenth worst destination for investment in mining, according to the Fraser Institute’s Survey of Mining Companies 2020. Infrastructure and security were nominated as areas of particular concern.
In brief: COVID-19 surge in Papua New Guinea and other business stories
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24 Feb 2021 by Leave a Comment
A surge of COVID-19 cases in Papua New Guinea, Oil Search posts major loss and NEC endorses the National Energy Authority Bill 2020. The midweek business news, curated for you by Business Advantage PNG.
New laws, new projects, new power: Kumul Petroleum’s MD on Papua New Guinea’s petroleum and gas future
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17 Feb 2021 by 4 Comments
In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.
Energy in Papua New Guinea: a sector profile
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10 Feb 2021 by Leave a Comment
A profile of the energy sector in Papua New Guinea, including an overview, key players, peak bodies, funding sources and incentives.
Papua New Guinea attracts more enquiries from foreign investors despite COVID-19 crisis
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8 Feb 2021 by Leave a Comment
The Investment Promotion Authority has released data on foreign investment trends in 2020 that show the sector of most interest was agriculture. Despite the impact of COVID-19 there was significant investor interest.
Foreign exchange the ‘number one’ concern for Papua New Guinea business, says Chamber head
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8 Feb 2021 by Leave a Comment
In this exclusive interview with Business Advantage PNG, Port Moresby Chamber of Commerce and Industry President Rio Fiocco, outlines the numerous challenges facing business in Papua New Guinea as 2021 gets under way.
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