Features

Young Bitcoin entrepreneur brings Silicon Valley to Papua New Guinea

A young Papua New Guinean entrepreneur is bringing Silicon Valley to PNG to help boost financial inclusion in the country.  Day One Investments' Shane … [read on ...]

Day One Investments' Shane Ninai addresses a block chain event in London earlier this year.

Lack of import controls harming Papua New Guinea’s fishing industry says Fishing Industry Association’s Celso

Papua New Guinea’s fishing industry faces fierce competition from Thailand and the Philippines, says Pete Celso, Chairman of the Fishing Industry … [read on ...]

bluefin-tuna

‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville

If the giant Panguna copper mine on Bougainville is ever to re-open, many complex problems must be solved, including the status of the former miner, … [read on ...]

The Panguna mine

How rural women can become Papua New Guinea’s agribusiness entrepreneurs

Women in rural Papua New Guinea are keen to engage in agribusiness but many have traditionally struggled to take leadership roles. That is beginning … [read on ...]

Photo 2_Source Susan May Inu

Why hosting APEC will transform Papua New Guinea

The APEC meeting in 2018 in Port Moresby will be a major boost for Papua New Guinea, David Toua, President of the Business Council of PNG (BCPNG), … [read on ...]

Paga Hill and APEC Haus Credit: Stephen Rae

Latest news

Young Bitcoin entrepreneur brings Silicon Valley to Papua New Guinea

A young Papua New Guinean entrepreneur is bringing Silicon Valley to PNG to help boost financial inclusion in the country. Day One Investments’ Shane Ninai tells Business Advantage PNG of his plans to encourage the use of the virtual currency, Bitcoin.

Unrest poses threat to investment in Papua New Guinea says report

An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses ‘downside risks’ to Papua New Guinea’s economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.

In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

Read more News

Mining & petroleum

Papua New Guinea economy showing positive signs says James Lau, MD of RH Group

James Lau, Managing Director of Rimbunan Hijau Group tells Business Advantage PNG that he sees positive developments with hotels, agriculture, gold and the country’s preparations for the 2018 APEC meeting. But he says continuing weakness in commodity prices will limit Papua New Guinea’s growth in the short to medium-term.

‘Unshackled’ Bougainville Copper reveals strategy for re-opening Panguna mine on Bougainville

If the giant Panguna copper mine on Bougainville is ever to re-open, many complex problems must be solved, including the status of the former miner, Bougainville Copper Limited (BCL). In this exclusive interview with Business Advantage PNG, BCL Chairman Rob Burns outlines its strategy to return to mining.

More on mining and petroleum ...

Economy/investment

Unrest poses threat to investment in Papua New Guinea says report

An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses ‘downside risks’ to Papua New Guinea’s economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.

Why hosting APEC will transform Papua New Guinea

The APEC meeting in 2018 in Port Moresby will be a major boost for the country, David Toua, the President of the Business Council of PNG (BCPNG), tells Business Advantage PNG. Analysts say in the past benefits have been shown to outweigh the costs.

Read more on this topic ...

Opinion and analysis

Analysis: how does Bank South Pacific measure up to Australian banks?

Sir Kostas Constantinou, the Chairman of Bank South Pacific (BSP), has indicated the bank is considering a listing on the Australian Securities Exchange (ASX). Looking at some common ways of assessing a bank’s suitability for investment, how does Papua New Guinea’s largest bank measure up to Australia’s banks?

Opinion: What Papua New Guinea taught me about doing business

Now a Chief Financial Officer based in the UK, Aarish Shah occupied senior executive roles in Papua New Guinea for nearly a decade. Here he reflects on the lessons he learned from running businesses in PNG—lessons that he believes are ‘poignantly transferable to life and business anywhere.’

Read more opinion/analysis

Interviews

Fiji keen to broaden industry base says Trade Commissioner Zarak Khan

Zarak Khan is Fiji’s Consul General and Trade Commissioner at the Fiji Consulate and Trade Commission in Sydney. He tells Business Advantage PNG that Fiji is looking to diversify its industry base.

Papua New Guinea economy showing positive signs says James Lau, MD of RH Group

James Lau, Managing Director of Rimbunan Hijau Group tells Business Advantage PNG that he sees positive developments with hotels, agriculture, gold and the country’s preparations for the 2018 APEC meeting. But he says continuing weakness in commodity prices will limit Papua New Guinea’s growth in the short to medium-term.

Infrastructure

Why hosting APEC will transform Papua New Guinea

The APEC meeting in 2018 in Port Moresby will be a major boost for the country, David Toua, the President of the Business Council of PNG (BCPNG), tells Business Advantage PNG. Analysts say in the past benefits have been shown to outweigh the costs.

How Steamships is preparing for the next upturn (Part 1)

Despite 2016 being ‘a relatively quiet time’, Steamships Managing Director Peter Langslow, in the first of a two part series, says his diversified company is becoming more efficient and continuing to invest in its operations in PNG in preparation for the next upturn.

More on infrastructure ...

Company profiles

Word of mouth crucial to success in PNG, says Pronto Software GM

In Papua New Guinea you are ‘only as good as your last implementation’ says Steve Hillyard, General Manager in PNG for Pronto Software. He tells Business Advantage PNG that networking and creating positive ‘word of mouth’ are crucial for success in PNG’s ICT market.

The secret to resilience in tough times according to CPL, Papua New Guinea’s largest retailer

Many business have reported the current business climate in PNG as ‘quiet’, with some saying income is down about 20 per cent. How has CPL fared? Business Advantage PNG talks to CEO, Ravi Singh.

Read more profiles ...

Latest News

Young Bitcoin entrepreneur brings Silicon Valley to Papua New Guinea

A young Papua New Guinean entrepreneur is bringing Silicon Valley to PNG to help boost financial inclusion in the country. Day One Investments’ Shane Ninai tells Business Advantage PNG of his plans to encourage the use of the virtual currency, Bitcoin.

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Features

Young Bitcoin entrepreneur brings Silicon Valley to Papua New Guinea

A young Papua New Guinean entrepreneur is bringing Silicon Valley to PNG to help boost financial inclusion in the country. Day One Investments’ Shane Ninai tells Business Advantage PNG of his plans to encourage the use of the virtual currency, Bitcoin.

Turning security guards into role models in Papua New Guinea

A new initiative aimed at improving standards across Papua New Guinea’s security industry is being welcomed as a significant step forward. [Read more ...]

Opinion

Analysis: how does Bank South Pacific measure up to Australian banks?

Sir Kostas Constantinou, the Chairman of Bank South Pacific (BSP), has indicated the bank is considering a listing on the Australian Securities Exchange (ASX). Looking at some common ways of assessing a bank’s suitability for investment, how does Papua New Guinea’s largest bank measure up to Australia’s banks?

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