A recently introduced taxation regime passed by the PNG parliament will deter Foreign Direct Investment (FDI) which the PNG economy needs dearly. PNG’s biggest commercial…
PNG STOCK EXCHANGE TO BENEFIT AS MEMBER TO UN EXCHANGE INITIATIVE
The Papua New Guinea Stock Exchange (PNGX) is part of the United Nations Sustainable Stock Exchange as its newest member, PNGX announced today. PNGX announced…
PAPUA NEW GUINEA SET FOR SECOND EITI VALIDATION COMMENCING APRIL 2022
PORT MORESBY: Papua New Guinea’s second country validation on implementing the Extractive Industries Transparency Initiative (EITI) Global Standard commences on Friday, April, 1st, 2022. …
KINA RPORTS STRONG GROWTH FOR 2020 FININCIAL YEAR: PGK76 MILLION NET PROFIT DECLARED
The Board of Kina Securities Limited today announced positive results for the financial year 2020 with net profit of 76 million kina declared. The company…
MILESTONE GAS AGREEMENT EXECUTED FOR P’NYANG PROJECT
Santos has today joined the Papua New Guinea Government and P’nyang project participants (affiliates of ExxonMobil and JX Nippon) to execute a gas agreement that…
PNG LNG PROJECT EARNS K11B
by PNG Business News -December 08, 2021 According to ExxonMobil PNG Ltd, the PNG LNG project has earned K11 billion in revenue for the government thus far.…
MARAPE: PORGERA TO OPEN IN APRIL 2022
by PNG Business News -December 08, 202 According to Prime Minister James Marape, the multi-billion kina Porgera mine will reopen in April of next year. He said…
Building the next world class gold mine in PNG
01 Dec 2021 On the back of significant resource growth in the past four years, K92 Mining is already well through its expansion plans to…
Export licence only for locals: PM
January 20, 2022The NationalBusiness LICENCES for round log exports will only be given to locals and landowner companies including provincial government business arms with the…
PNGEITI HAILS SMOOTH MERGER OF PROMINENT INDUSTRY PAYERS IN SANTOS & OIL SEARCH
“Oil Search has been a founding member of the PNG EITI Multi Stakeholder Group (MSG) and has played significant roles in the EITI implementation process in Papua New Guinea.”