In this edition as the country celebrates 48 years of nationhood, we turn our attention to discuss key areas of interest across the business and investment sectors. Enhancing Fixed Asset Management remains challenging in both the public and private sectors in Papua New Guinea as the economy grows. We take a deep dive into Enterprise Resource Planning (ERP) and what that entails in the digital landscape transformation taking place.
We have the latest updates on the work permit process and we close out this month with commentary on the PNG Takeovers and Mergers Code that became effective in June 2023 as part of the Capital Markets reform.
In this Month's Kundu
Enhancing Fixed Asset Management in Papua New Guinea
by Lizette Theron, Associate Director, Business, Tax & Advisory Services
The management and maintenance of fixed assets play a pivotal role in the success of organisations, both in the private and public sectors. Fixed assets in Papua New Guinea (PNG) companies and public sector entities are currently being managed using various methods, including automated systems and manual processes.
Other topics covered include:
- The Double-Edged Sword of ERP Implementation in PNG Organisations
- Work permit updates
- Takeover and Mergers Code
Please enjoy this month’s Kundu and reach out to us at email@example.com if you would like to see KPMG cover specific topics in future editions.