Features

Timor-Leste open to investment in oil, gas, tourism, agriculture and fisheries, says Ambassador

With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral … [read on ...]

Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector

The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development … [read on ...]

What are Papua New Guineans looking at on the Internet?

Which are Papua New Guinea's favourite websites? While it's no surprise that Google and Facebook dominate, Business Advantage PNG's analysis of web … [read on ...]

Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

The University of Technology (Unitech) in Lae is marking its fiftieth anniversary. Vice Chancellor Albert Schram tells Business Advantage PNG that the … [read on ...]

Domestic credit in Papua New Guinea sound, say finance executives

Businesses in Papua New Guinea may be finding it hard to get foreign exchange, but credit quality within the domestic economy remains relatively … [read on ...]

Latest news

Papua New Guinea’s Supplementary Budget makes tough choices

The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.

In brief: Philippines company to operate Motukea and Lae ports, and other business stories

Philippines port operator wins 25-year contract to run key ports,  Westpac MD outlines reasons for foreign currency backlog, and domestic gas clause to be part of new LNG projects. Your weekly digest of the latest business news.

In brief: Construction phase of Panguna mine to cost US$4-6 billion, and other business stories

Bougainville Copper Ltd says Panguna mine could be operational by 2025-26, Foreign exchange injection this week, and Tolukuma gold mine may restart by year’s end. Your weekly digest of the latest business news. 

Read more News

Mining & petroleum

Stronger copper price a boost for Ok Tedi but further rises needed for rest of the sector

The copper price has increased by about a quarter in 2017, although it is still below its 2013 highs. Stephen Howes, Director of the Development Policy Centre at ANU tells Business Advantage PNG that the  boost in the copper price is important for Papua New Guinea, in particular, Ok Tedi.

Oil Search share sale represents a win for Papua New Guinea, says analyst

PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.

More on mining and petroleum ...

Economy/investment

Papua New Guinea’s Supplementary Budget makes tough choices

The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.

Papua New Guinea must promote its financial system to the world, say financiers

Leading financiers have called for better international marketing of the country’s financial system and assets. They told the Business Advantage Papua New Guinea Investment Conference, that it is an important step towards creating more mature financial markets.

Read more on this topic ...

Opinion and analysis

Papua New Guinea’s Supplementary Budget makes tough choices

The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.

Papua New Guinea must promote its financial system to the world, say financiers

Leading financiers have called for better international marketing of the country’s financial system and assets. They told the Business Advantage Papua New Guinea Investment Conference, that it is an important step towards creating more mature financial markets.

Read more opinion/analysis

Interviews

Post PNG CEO unveils new business model

With letter volumes plunging, Post PNG is focusing on parcels and leveraging its strong national retail presence. Chief Executive Officer Peter Tepure tells Business Advantage PNG that the company’s new business strategy is built upon playing to its strengths.

Five questions for: Boto Gaupu, CEO of the Cocoa Board of Papua New Guinea

Papua New Guinea’s Cocoa Board has launched a new farmers’ company to move small farmers from subsistence farming to running a small profitable business. The long-term aim of the new PNG Agriculture Company is to boost output, quality and farmer incomes, as Cocoa Board CEO Boto Gaupu explains.

Infrastructure

Papua New Guinea businesses should expect APEC-related income streams from this October

Papua New Guinea businesses should expect income streams from October, 2017, as momentum builds towards the APEC summit in November, next year. The Director-General of the PNG APEC Authority, Sir Charles Lepani, told the Business Advantage Investment Summit in Sydney, towns outside Port Moresby will also benefit.

Kumul Telikom urgently looking to build undersea cable to Sydney, says Chairman

Mahesh Patel, the chairman of Kumul Telikom, told the Business Advantage Papua New Guinea Investment Conference that the newly formed entity is urgently looking to build an undersea cable to Sydney. He said the aim is to reduce wholesale price by two-thirds

More on infrastructure ...

Company profiles

Post PNG CEO unveils new business model

With letter volumes plunging, Post PNG is focusing on parcels and leveraging its strong national retail presence. Chief Executive Officer Peter Tepure tells Business Advantage PNG that the company’s new business strategy is built upon playing to its strengths.

PNG Forest Products plans fourth hydro power station as it diversifies

Forestry and timber company PNG Forest Products is expanding its diversification program as it prepares to build a fourth hydro power station. CEO Tony Honey tells Business Advantage PNG that its plan to build timber bridges and decking for export and domestic clients is also starting to get traction.

Read more profiles ...

Latest News

Papua New Guinea’s Supplementary Budget makes tough choices

The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.

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Features

Timor-Leste open to investment in oil, gas, tourism, agriculture and fisheries, says Ambassador

With its longstanding dispute with Australia over the Timor Sea resolved, neighbouring Timor-Leste looks set to expand its petroleum and mineral industries. Meanwhile, its government is actively seeking investors in agriculture and fisheries, tourism and services, according to Abel Guterres, Timor-Leste Ambassador to Australia.

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

Papua New Guinea’s Supplementary Budget makes tough choices

The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.

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