Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.
Transparency report shines light on Papua New Guinea’s extractive sector
Welcome,
20 Jan 2020 by Leave a Comment
In brief: Coral Sea Cable wholesale internet rates to plummet and other business stories
Welcome,
13 Jan 2020 by Leave a Comment
New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.
The LNG window is closing, warns Oil Search CEO
Welcome,
11 Dec 2019 by 2 Comments
As Papua New Guinea awaits the outcome of ongoing negotiations over the P’nyang gas field, Peter Botten, CEO of PNG’s largest company, Oil Search, has hinted that time may be running out to reach an agreement.
2019: the year in review for Papua New Guinea business
Welcome,
11 Dec 2019 by Leave a Comment
A change of government, two budgets, new infrastructure, stalled resources projects – these are just some of the features of the year in business in Papua New Guinea. Here’s how Business Advantage PNG reported on 2019.
People moves: Oil Search, CPL Group, MSME Council
Welcome,
10 Dec 2019 by Leave a Comment
Oil Search appoints Managing Director, City Pharmacy Limited Group announces a new Chief Operations Officer, and MSME Council gets new team of directors.
In brief: Asian Development Bank to invest in Kina and other business stories
Welcome,
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.
In brief: Papua New Guinea’s Treasurer announces a deal to address forex issues and other business stories
Welcome,
2 Dec 2019 by Leave a Comment
Treasurer Ian Ling-Stuckey announces a deal with the Bank of Papua New Guinea to improve the availability of forex in the country, the Australian Government and the International Monetary Fund pledge to help PNG in its medium term revenue strategy, and Lihir Gold Mining Limited to pay K54 million directly to landowners. Your weekly digest of business news.
New rules, more independence: Kumul Petroleum’s future
Welcome,
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.
Gas and petroleum in Papua New Guinea: a sector profile
Welcome,
25 Nov 2019 by Leave a Comment
A profile of the gas and petroleum sector in Papua New Guinea, including information on licensing and taxation, key players and major projects.
In brief: negotiations for P’nyang hit a wall and other business stories
Welcome,
25 Nov 2019 by Leave a Comment
Minister expresses disappointment over P’nyang negotiations, companies owe about K1.8 billion in salaries and wages to the Internal Revenue Commission, and Australia is set to provide over K1 billion loan to PNG. Your weekly digest of business news.
USD 0.2505
AUD 0.4028
GBP 0.1991
EUR 0.2413
NZD 0.4453
JPY 38.9
SGD 0.3413
Recent readers’ comments