Proposals for investment in Papua New Guinea’s forestry sector are almost as high as in its mining and petroleum sector, according to figures from the Investment Promotion Authority. The IPA has also flagged a crackdown on compliance.
In brief: New Lae power station being launched this week, and other business news
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7 Jun 2017 by Leave a Comment
Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news. PNG Power’s Acting CEO Alex Oa says the new 30-megawatt thermal power station at Munum just outside Lae city in Morobe Province is expected to be commissioned this week. PPL is confident […]
IPA signals crack down on foreign ownership rorts in Papua New Guinea
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2 May 2017 by 1 Comment
Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
People moves: Bank of Papua New Guinea, Investment Promotion Authority, BOC, BSP
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15 Nov 2016 by
A new Deputy Governor of Bank PNG, an acting Managing Director at the Investment Promotion Authority, a new regional Managing Director at BOC, Director resigns from BSP
Ten-fold growth in foreign companies investing in Papua New Guinea
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9 Sep 2015 by Leave a Comment
Figures presented by the Investment Promotion Authority at the PNG Advantage Investment Summit show a ten-fold increase in investment from foreign companies in Papua New Guinea over the past decade.
In brief: new Bougainville Mining Act creates ‘uncertainty’ over Bougainville Copper’s rights, and other business stories
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6 May 2015 by Leave a Comment
Bougainville Copper to seek formal acknowledgment of Bougainville mining rights, Post PNG pays first dividend, and low-cost ‘squatter’ housing project in Fiji. Your weekly digest of the latest business news.
In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories
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25 Jun 2014 by
Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
Bougainville gets serious about attracting investment
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9 Apr 2014 by Leave a Comment
The Bougainville government has established an investment bureau to attract national and international businesses to the province.
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