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Overview

Review of Papua New Guinea's tax laws and revenue administration
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Tax measures in the 2016 National Budget were set in the context of a recently released report from the Taxation Review Committee on its comprehensive review of the tax law and revenue administration in Papua New Guinea. There have been few changes to tax laws in PNG, and the recommendations of the committee are being considered by the Treasury. The budget introduced a goods and services tax…

Overview

A range of getaways:
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AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Port Moresby T: (+675) 324 5200 F: (+675) 325 0759 reservations@airways.com.pg www.airways.com.pg Rooms: 21 Bacchus rooms, 10 Bacchus junior suites, 9 Bacchus suites, 45 fountain rooms, 4 fountain suites, 24 Dakota rooms, 24 Dakota junior suites, 11 Dakota suites, 1 presidential suite. Business & Conference Facilities:…

Overview

Modernisation of regulations and infrastructure to transform local markets in Papua New Guinea
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After a number of challenging years, the Papua New Guinea’s capital markets seem to be finding their footing and may be on the cusp of great and positive change. In 2015 the country had its first initial public offering (IPO) in three years, and it was a significant listing: the company that sold the shares is a major local financial services group with part ownership of the stock exchange.…

Overview

A range of getaways:
OBG
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AIRWAYS HOTEL Jacksons Parade, Jacksons International Airport PO Box 1942, Port Moresby T: (+675) 324 5200 F: (+675) 325 0759 reservations@airways.com.pg www.airways.com.pg Rooms: 21 Bacchus rooms, 10 Bacchus junior suites, 9 Bacchus suites, 45 fountain rooms, 4 fountain suites, 24 Dakota rooms, 24 Dakota junior suites, 11 Dakota suites, 1 presidential suite. Business & Conference Facilities:…
Interview

OBG talks to Ivan Pomaleu, Managing Director, Investment Promotion Authority (IPA): Interview
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Interview:Ivan Pomaleu What measures is the business community proposing in response to the persistence of low commodity prices on the international market? IVAN POMALEU: A drop of 30% in economic activities is to be expected in the 2016 financial year, specifically in sectors such as merchandising, wholesale and retail, and the fact that we have a very tight budget is an additional deterrent.…
Interview

Manasseh Sogavare, Prime Minister, Solomon Islands: Interview
OBG
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Interview:Manasseh Sogavare What would you say is the importance of South-South cooperation for sustainable economic growth in the Pacific region? MANASSEH SOGAVARE: I think that we have a unique opportunity within the Pacific region to learn from each other’s experiences and to make the most of our strengths in the effort of diversifying our economic bases. Take for instance Kiribati, a…
Interview

OBG talks to Prime Minister Peter O’Neill: Interview
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Interview: Peter O'Neill Considering the slump in commodity prices, what are the challenges facing Papua New Guinea in the current global economic environment? PETER O’NEILL: PNG has had a challenging 2016, there is no secret there, as much as any other resource-based economy around the world. But I still think that there are good opportunities, even under the present economic conditions, as PNG…
Interview

OBG talks to James Lau, Managing Director, Rimbunan Hijau (PNG) Group: Interview
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Interview:James Lau Which sectors continue to propel Papua New Guinea’s economy forward despite the overall slowdown in the region? JAMES LAU: Timber exports remained strong in 2014. The retail sector also performed well in 2014 but experienced a subsequent slowdown in 2015 due to half a year of falling commodity prices. For some companies oriented towards the Chinese market, there have been…
Interview

OBG talks to Peter Langslow, Managing Director, Steamships Trading Company: Interview
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Interview:Peter Langslow To what extent has the economic downturn affected Papua New Guinea’s large corporations? PETER LANGSLOW: An economic slowdown was widely expected after the completion of a project as massive as the ExxonMobil-led PNG Liquefied Natural Gas (LNG), the value of which was more than one year’s GDP during the 2009-12 period. In reaction, the focus of many corporations…
Interview

OBG talks to Joe Lera, Minister of Bougainville Affairs: Interview
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Interview:Joe Lera How has Bougainville been important for the economic development of Papua New Guinea? JOE LERA: Economically speaking, Bougainville was extremely important during the pre-independence period and contributed much of the revenues that supported the country’s independence. The Panguna mine, which boasts the second-largest copper deposit in the world, accounted for as…