Newsletter Issue 27th March 2015
Click here for this week’s newsletter, issued 27th March 2015
Newsletter Issue 20th March 2015
Click here for our newsletter issued 20th March 2015.
New PNG company law rules for directors
Major changes to Papua New Guinean company law have important ramifications for company directors, company secretaries, and those involved winding up a company. Richard Kriedemann and Sarah Kuman report on the impact of the new laws.The PNG parliament has passed amendments to the PNG Companies Act and introduced a new Business Names Act (2014).Directors need […]
BPNG closes down unauthorised foreign exchange trading
Papua New Guinea’s central bank has moved to stop offshore foreign banks, which don’t operate in PNG, trading in the Kina. From this month, people and companies wanting to trade in Kina and foreign currencies will only be able to use one of six authorised dealers. Since July last year, after the Bank intervened to […]
Newsletter Issue 13th March 2015
Click here for our newsletter issued 13th March 2015.
CPL Groups next phase of retail growth
Papua New Guinea’s largest retailer, the CPL Group, does not plan to allow a slowdown in the marketplace to get in the way of its strategy for growth, Chairman Mahesh Patel tells Business Advantage PNG. Despite a challenging retail environment, CPL Group Chairman Mahesh Patel explains says the diversified retail group is not just aiming […]
Opinion: How PNG can lessen the impact of falling energy prices
Progress in fostering economic and social development is threatened by the recent drop in global energy prices. Paul Barker provides practical ways to minimise the impact of the downturn. 2015 has been heralded as the year when PNG will enjoy the highest GDP growth rate in the world, on the back of its first full […]
Newsletter Issue 6th March 2015
Click here for our newsletter dated 6th March 2015.
Fish stocks slump in spite of scheme, says PNG industry
Papua New Guinea’s tuna industry leaders are calling for reform of the regional Vessel Day Scheme, saying it is counterproductive, speeding up stock depletion, with the size of catches getting smaller. The Vessel Day Scheme (VDS) has been operating since 2005, designed to ‘constrain and reduce catches of target tuna species, and increase the rate […]
PNG forest industry leaders call for ‘affordable housing’ project to be completed locally
It’s critical for the future of Papua New Guinea’s forestry and manufacturing sectors that the Government’s planned 40,000 ‘affordable houses’ be built in PNG by local suppliers, industry leaders tell Business Advantage PNG. The O’Neill government announced plans last June for the National Housing Corporation to build a total of 40,000 affordable homes in Port […]
Newsletter Issue 27th February 2015
Click here for our newsletter dated 27th February 2015.
Business and employment travel outperforms leisure travel to PNG
Business and employment travel into Papua New Guinea has more than tripled in the last 15 years, outperforming leisure travel, which has see marginal growth over the last five years. Robert Upe reports. Papua New Guinea tourism was in the world spotlight in 2014, with a startling publicity campaign in New York. Two PNG tribesmen, […]