Editorial: Be careful with investment deals

THE Government appears to be treading on a fine line in dealing with multinationals in the mining and hydrocarbon sectors. It has only a year to see the successful conclusion of at least one major project agreement, if at all. The protracted court battle and renegotiations with Barrick Niugini Ltd over the reopening of the Porgera... more →
Posted in: Papua New Guinea

Australia expected to announce billion dollar loan fund for Pacific

Scott Morrison Photo: AFP Australian Prime Minister Scott Morrison is expected to announce a $US1.5 billion fund to provide loans to Pacific nations today, in a speech putting forward the Government’s new foreign policy strategy in the Pacific. Australian media reports Mr Morrison will today put forward the fund, which will... more →
Posted in: Oceania Asia

5000 businesses, K45bil in investments make Aust a PNG heavyweight

The National PNG –¬†ABOUT 5000 Australian businesses operate in Papua New Guinea, according to a statement from the Australian High Commission in Port Moresby. In addition, Australian investment in Papua New Guinea exceeds A$18 billion (K45 billion), largely in the financial services and oil and gas sectors. This underpins... more →
Posted in: Papua New Guinea