Features

Australian companies optimistic about investing in Papua New Guinea but Reserve List poses a threat, say Business Council executives

Australian companies are optimistic about investing in Papua New Guinea, says Philip Franklin, Head of the PNG branch of the Australia Papua New … [read on ...]

The final outcome of the Papua New Guinea elections may be drawn out

Vote counting in the Papua New Guinea's national elections is continuing, with the results yet to be announced. The final shape of the government may … [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 ...]

Singapore emerging as a regional option for Papua New Guinea companies

Businesses in Papua New Guinea seeking to establish a presence in the Asian region are increasingly looking at Singapore as a stepping-stone to expand … [read on ...]

Latest news

The final outcome of the Papua New Guinea elections may be drawn out

Vote counting in the Papua New Guinea general election is continuing, with the results yet to be announced. The final shape of the government will take time to emerge.

Pacific exporters’ confidence high, says survey

A survey of exporters in the Pacific Region has found that business confidence has increased. Although they are exporting to fewer countries the total number of exports has risen since 2014.

Global mining major needed to re-open Bougainville’s Panguna copper mine?

Funding the re-opening of the Panguna copper mine is a key concern for a newly-formed Joint Committee of landowners, BCL and governments, says Bougainville Governor, John Momis. Independent analysts believe it is likely to come from one of the global mining majors.

Read more News

Mining & petroleum

Global mining major needed to re-open Bougainville’s Panguna copper mine?

Funding the re-opening of the Panguna copper mine is a key concern for a newly-formed Joint Committee of landowners, BCL and governments, says Bougainville Governor, John Momis. Independent analysts believe it is likely to come from one of the global mining majors.

Simulated gas processing plant for Papua New Guinea’s oil and gas training academy

A simulated gas processing plant has arrived in Port Moresby for use at the new Kumul Petroleum Academy, and is due to begin operating by September.

More on mining and petroleum ...

Economy/investment

Australian companies optimistic about investing in Papua New Guinea but Reserve List poses a threat, say Business Council executives

Australian companies are optimistic about investing in Papua New Guinea says Philip Franklin, Head of the PNG branch of the Australia Papua New Guinea Business Council (APNGBC). But Peter Taylor, President of the Council, tells Business Advantage PNG that proposed changes to the Investment Reserve List is a concern for foreign investors.

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

Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.

Read more on this topic ...

Opinion and analysis

Opinion: How to succeed in business in China

Those who want to succeed in China should have their eye on the long term, business futurist David Thomas tells Business Advantage PNG. He says patience is critical and expectations should be kept realistic.

Selling Papua New Guinea as a business and investment destination

September’s Papua New Guinea Investment Conference in Sydney is designed to promote Papua New Guinea as a key business destination in our region. Business Advantage International’s Andrew Wilkins reveals some of the planning that is going into the program.

Read more opinion/analysis

Interviews

Five questions about the Solomon Islands to the IFC’s Vsevolod Payevskiy

The Solomon Islands’ economy has a rich resource base but faces many obstacles, according to Vsevolod (Seva) Payevskiy, Country Resident Representative for the International Finance Corporation. He tells Business Advantage PNG the best options for growth are agriculture, fisheries, mining and tourism.

Time for ‘new blood’ at Kina Securities with CEO Yates to step down

Syd Yates, Chief Executive of Kina Securities, has announced that he will relinquish the role next month after 20 years with the company, with Westpac’s Greg Pawson joining the company. Yates tells Business Advantage PNG he believes it is time for new blood.

Infrastructure

Ten-year project to repair and maintain Papua New Guinea’s critical Highlands Highway to start by year’s end, says Wereh

Work on the ‘most critical’ 90-kilometre section of the Highlands Highway will begin later this year, under an ambitious 10-year repair and maintenance program, funded by the Asian Development Bank. Works Secretary David Wereh tells Business Advantage PNG, he is already looking to use the funding model to ‘fix’ 16 High Priority roads in other parts of the country.

Papua New Guinea using multiple energy sources to meet growing need

Papua New Guinea is taking a multi-pronged approach to its energy provision. Business Advantage PNG takes a look at the nation’s approach to meeting its power needs.

More on infrastructure ...

Company profiles

How Puma Energy services Papua New Guinea’s energy market

Since 2014, Puma Energy has been Papua New Guinea’s major refiner and retailer of petroleum products. Its also part of a global energy operation that spans 47 countries. Jim Collings, Country General Manager, explains some of the challenges of supplying a country which is still heavily reliant on diesel fuel.

CPL eyes expansion, but is waiting on Papua New Guinea’s economic recovery

Papua New Guinea’s largest retailer is still only servicing about 30 per cent of Papua New Guineans, according to Chairman of CPL Group, Mahesh Patel. While it has product and store expansion plans, Patel says CPL is waiting on a general economic recovery before moving forward.

Read more profiles ...

Latest News

The final outcome of the Papua New Guinea elections may be drawn out

Vote counting in the Papua New Guinea general election is continuing, with the results yet to be announced. The final shape of the government will take time to emerge.

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Features

Australian companies optimistic about investing in Papua New Guinea but Reserve List poses a threat, say Business Council executives

Australian companies are optimistic about investing in Papua New Guinea says Philip Franklin, Head of the PNG branch of the Australia Papua New Guinea Business Council (APNGBC). But Peter Taylor, President of the Council, tells Business Advantage PNG that proposed changes to the Investment Reserve List is a concern for foreign investors.

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

Opinion: How to succeed in business in China

Those who want to succeed in China should have their eye on the long term, business futurist David Thomas tells Business Advantage PNG. He says patience is critical and expectations should be kept realistic.

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