via PINA

Papua New Guinea’s investment in Australia reached US$1.2 billion, equal to 12.8% of gross domestic product (GDP) in 2010, according to Asian Development Bank country economist Aaron Batten.

This was 350% higher than the amount of money invested by Australian companies in PNG, he said.

by Patrick Paniwa Sakal & Gynnie Kero

TAX concessions for mining, oil and gas were given under the tax law, a well-placed source in Internal Revenue Commission said.

via The National online

OFFICIALS from Indonesia and Papua New Guinea hope to schedule a meeting in which the return of graft fugitive Djoko Tjandra will be the topic for discussion.
Foreign Affairs Minister Marty Natalegawa confirmed the Indonesian government’s interest in such a meeting while discussing a letter sent by PNG.

Congratulations Mr O'Neill, Prime Minister of Papua New Guinea!

We are aware that this is a vital stage in structuring how, when and whether or not policies are implemented in the next five years.

While you are in the process of appointing the best people who would best serve the interest of all Papua New Guineans we would like to remind you and our new government the following:

By GORETHY KENNETH



By MALUM NALU

GENEROUS tax concessions given to mining and gas companies are contributing to low government revenue per capita, according to Asian Development Bank country economist Aaron Batten.

He said the average effective tax on PNG’s mining, oil and gas companies was now on the low side of fiscal regimes across the world

by Mark Straton

by Jemima Garrett

Millions of hectares of customary land in Papua New Guinea has been stolen as a result of agricultural and business leases approved by the government, a report by Greenpeace has found.

In life we go through many battles. That is a given. Epic battles, short battles, long battles, little insignificant battles and the most painful battles are those that you fight internally.

Those battles are usually the ones where we don’t realize we’re fighting until we get injured or injure someone. It’s harder to see where the battle lines are and who or where the enemy is. In these battles the black and white is indistinguishable and you end up seeing more grey areas. Though it is vital to make the distinction and there is no space for error.