The Indonesian government is in the midst of pursuing an ambitious new growth strategy, emphasizing investment over domestic consumption as a primary growth driver in the wake of depressed commodity prices, lagging household consumption and lower-than-anticipated government revenues.
A country of extraordinary diversity, spread across some of the world’s most spectacular, and often inhospitable, terrain, Papua New Guinea today is a country once again at a crossroads. A major economic boom driven by a massive liquefied natural gas project has been swiftly followed by a sharp slowdown as global oil prices fell, and as a result the government has come under some pressure.
Benny Allan, the minister of Lands and Physical Planning, has proposed a number of amendments to the Land Act. The key points include administrative reform, including restructuring of the Land Board, the abolition of special agriculture business leases, the foreign ownership restrictions on state leases and land administration matters. The...
The new personal property security registry (PPS Registry) went live on May 9, 2016.
GOVERNMENTS & THEIR POWERS: There are three levels of government in Papua New Guinea, the national, provincial and local-level governments. The Constitution and the Organic Law on Provincial Government and Local Level Government (Organic Law) regulate the law-making powers of the national,...
This chapter examines Papua New Guinea’s legal framework, focusing on regulations affecting foreign investors, restrictions and laws for companies, taxation and Customs duties, and other important areas.
It also contains a legal viewpoint from John Leahy, Partner, Leahy Lewin Lowing Sullivan, on proposed reforms to PNG’s land use regulations.
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