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Five questions for: Arthur Lenoir, Leader of the French Trade Delegation to PNG

The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG. Business Advantage PNG (BAPNG): How many people are part of your…

SECOND MINE SUSPENSION IN PNG HIGHLIGHTS DROUGHT IMPACT

The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs. The second mine…

PWC Update

IPA changes for 2016  Over the past 2 years, the IPA has been undergoing a significant process of reform with the aim of moving its functions wholly online. This process has also been in conjunction with amendments to the Companies Act which, among other matters, have introduced changes for compliance processes for entities that are…

Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range

As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar. Since the Bank of Papua New Guinea, the country’s central bank, restricted the trading…

MEDIUM ORBIT SATELLITES BRING LOW-COST, HIGH PERFORMANCE INTERNET TO PNG

Satellite-enabled phone and data services have often been considered a technology of last resort, due to relatively high costs and quality constraints. However, Dutch company O3b is pioneering the next generation of cheaper, more reliable satellite communications in Papua New Guinea and the Pacific—good news for a region where getting connected can be a major…

Solar the key to bringing electricity to remote PNG

Papua New Guinea has the perfect climate for solar, and is the key to achieving an ambitious government plan to bring electricity to the 70 per cent of Papua New Guineans who currently don’t have access by 2030, according to Rick Hooper, Chief Executive Officer of Sydney-based solar company, Barefoot Power. Barefoot Power assists people…

Telikom CEO predicts 100% PNG telco coverage in 2 years

The CEO of Telikom PNG predicts all Papua New Guinea will be able to connect to the Internet within two years. In a wide-ranging review of PNG’s telecommunications industry, Michael Donnelly canvasses lower prices, new investment, takeovers and the impact of competition policy. Within two years, 100 per cent of Papua New Guineans will have…

PNG’s journey to independence

Forty years ago this week, Sean Dorney was one of the journalists on the spot for Papua New Guinea’s declaration of Independence. He covered it for the country’s National Broadcasting Commission and later spent 17 years in PNG as an ABC correspondent. He reflects on PNG’s journey as an independent nation. The flag-raising ceremony on…

PNG a logical bid for Woodside

Woodside Petroleum and Oil Search confirmed yesterday that two of Australia’s oldest oil and gas companies have sat down for coffee to discuss a shared future, a move that could delay the Browse FLNG project further. Woodside has made a non-binding indicative proposal valued at around $11.65 billion to the Papua New Guinea-focused Oil Search…

The case for reforming PNG’s tax regime

After two years of research and hearings, the PNG Tax Review Committee is due to present its final report to Government next month. PricewaterhouseCoopers PNG’s Jason Ellis looks at the tax reform measures it is likely to recommend. The Committee is expected to recommend the reductions in tax rates be funded by an increase in…