Reform is in the air in Papua New Guinea, with the country’s resources sector facing major legislative changes. On the other hand, the government faces its own reform challenges if it is to secure the funding it needs to address its budget deficit.
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In brief: Kina Bank set to restock chests and other business stories
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14 Sep 2020 by Leave a Comment
Kina Bank announces an equity raising, Ok Tedi Mining reports K50 million interim dividend and the Prime Minister aiming to reach agreements on major resource projects by the end of the year. The business news you need to kickstart your week.
Learning to live with COVID-19
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21 Aug 2020 by Leave a Comment
With Papua New Guinea’s government deciding that the country must now to learn to live with COVID-19, one could argue that the first chapter of PNG’s encounter with the global pandemic has come to an end.
Infrastructure back on the agenda
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3 Mar 2020 by Leave a Comment
Infrastructure has been the subject of heavy discussion in the past month. Unreliable telecommunications and utilities were two of the major impediments identified by our 2020 PNG 100 CEO Survey, and I was able to ask State Enterprises Minister Sasindran Muthuvel about the government’s plans to reform PNG Power, Kumul Telikom and other state-owned enterprises at a special POMCCI breakfast last month.
In brief: good news for Wafi-Golpu and other business stories
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17 Feb 2020 by 3 Comments
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
Beyond P’nyang
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4 Feb 2020 by Leave a Comment
You always have to be prepared for surprises in PNG, but it certainly looks like the ExxonMobil-led P’nyang gas project will not proceed in its current form, following the Government’s withdrawal from negotiations over the gas agreement for the project.
In brief: new export tax levy could break the forestry industry and other business stories
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27 Jan 2020 by Leave a Comment
Forestry industry says new export tax levy could spell the end, Wafi-Golpu Joint Venture to lay off employees and P’nyang negotiations edge towards deadline. The business news you need to kick-start your week.
In brief: Asian Development Bank to invest in Kina and other business stories
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9 Dec 2019 by Leave a Comment
Kina and the Asian Development Bank join forces, the Bank of Papua New Guinea launches its ‘regulatory sandpit’, and PNG’s first rooftop solar power trial begins. This is your weekly digest of business news.
New rules, more independence: Kumul Petroleum’s future
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27 Nov 2019 by 1 Comment
Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.
PNG’s date with destiny
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20 Nov 2019 by Leave a Comment
27 November is looming large as a key date for Papua New Guinea, with the date nominated for concluding negotiations between the State and developers over the ExxonMobil-led P’nyang gas project.
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