The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.
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Record Budget and higher deficit feature in 2015 Papua New Guinea Budget forecasts
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19 Nov 2014 by 5 Comments
Papua New Guinea mining and petroleum conference to focus on global mining downturn
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19 Nov 2014 by
Next month’s Mining and Petroleum Investment Conference in Sydney will take a critical look at how the industry can build on recent successful ventures in Papua New Guinea, as it deals with the global downturn.
ICT industry shake-up continues in Papua New Guinea with complementary merger
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12 Nov 2014 by Leave a Comment
Allcom PNG and mcr PNG have become the latest technology services companies in Papua New Guinea to consolidate after announcing a merger that will see the enlarged entity realise a number of operational synergies. Business Advantage PNG talks to Luke Byer, Managing Director of the new entity.
Opinion: Using the central bank to finance Papua New Guinea’s deficit is a ‘slippery slope’
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29 Oct 2014 by 3 Comments
The Papua New Guinea economy is on the edge of a ‘slippery slope’, if the Bank of PNG finances government debt and continues to fix the exchange rate at too high a rate. Former Australian Treasury advisor Paul Flanagan says compounding the problems are rising inflation, falling foreign exchange reserves, and declining private sector credit growth.
Cott Oil and Gas focuses on Pandora gas field’s potential for floating LNG
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29 Oct 2014 by
Cott Oil and Gas Ltd has undergone a restructure to allow the company to focus on developing what could be Papua New Guinea’s first floating liquefied natural gas (FLNG) project – at the Pandora gas field in the Gulf of Papua. Cott’s Managing Director Andrew Dimsey outlines the company’s plans to Business Advantage PNG.
The next wave of investment opportunities in Papua New Guinea
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9 Oct 2014 by 1 Comment
The successful completion of the PNG LNG project has turned the focus onto where new investment opportunities lie. Senior representatives from the IFC, Austrade and Nambawan Super got together at the recent Papua New Guinea Advantage Investment Summit to share their thoughts.
The quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit
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11 Sep 2014 by 2 Comments
The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.
In brief: PNG LNG project makes a significant contribution to landowner companies, and other business stories.
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11 Sep 2014 by Leave a Comment
Local landowner companies benefit from PNG LNG project, PNG Government takes Woodlark stake, and Buka Airport disrupted by shut down. Your weekly digest of the latest regional business news.
ANZ suggests a Papua New Guinea government bond issue to finance deficit spending
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27 Aug 2014 by 3 Comments
The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.
In brief: Crime and violence affects 80% of Papua New Guinea businesses, and other business stories
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20 Aug 2014 by
Crime and violence slowing business growth, Robusta coffee production to be boosted, and women’s bank launched
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