Features

Foreign exchange shortages open up opportunities for Papua New Guinea’s manufacturers

The difficulty in getting foreign exchange is making goods made in Papua New Guinea more attractive, local manufacturers tell 'Business Advantage … [read on ...]

From Left: Frank McQuoid, Ernestine Maxim-Graham, Chey Scovell and Andrew Wilkins Source: Business Advantage International

Forestry leader says PNG industry facing challenges from China

Papua New Guinea’s forestry faces fierce competition and pricing challenges, Chief Executive of the Forest Industries Association, Bob Tate, tells … [read on ...]

Photo by Rocky Roe © Cloudy Bay Sustainable Forestry

Global demand for energy to rise but it may not mean higher prices, says expert

World demand for energy will double by 2050, according to Professor Peter McCabe, Head of the Australian School of Petroleum at the University of … [read on ...]

The University of Adelaide's Professor Peter McCabe Source: University of Adelaide

What’s on the agenda for Papua New Guinea business in 2017?

As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming up in 2017. It looks likely to be a year of … [read on ...]

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Why many Papua New Guinea companies become conglomerates

Conglomerates have become a rare breed in developed economies; the strategy of diversifying across different industry sectors tends to be punished by … [read on ...]

Diversification PNG style: Steamships has interests across manufacturing, logistics and hospitality.

Latest news

In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories

Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.

Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.

InterOil shareholders approve revised takeover proposal

InterOil shareholders have overwhelmingly approved a revised takeover bid from ExxonMobil, despite opposition from InterOil founder, Phil Mulacek.

Read more News

Mining & petroleum

Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.

InterOil shareholders approve revised takeover proposal

InterOil shareholders have overwhelmingly approved a revised takeover bid from ExxonMobil, despite opposition from InterOil founder, Phil Mulacek.

More on mining and petroleum ...

Economy/investment

Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets

The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.

What the IMF says will solve PNG’s problems

The IMF’s report on Papua New Guinea has suggested that the PNG Government has responded to pressures on the budget and foreign exchange shortages. But it says that more attention should be given to the deals offered to foreign mining companies.

Read more on this topic ...

Opinion and analysis

Opinion: Improving Pacific island worker access to Australia is better than foreign aid

Permitting easier labour movement between Australia and the Pacific Islands would have a more beneficial effect that foreign aid, claim Lowy Institute researchers Leon Berkelman and Jonathan Pryke. They consider two models for how it might work.

Opinion: complying with Papua New Guinea’s foreign exchange controls

Businesses in Papua New Guinea must have strategies to manage the shortage of foreign currency, says Stephen Massa, Port Moresby Managing Partner of the law firm Dentons. He looks at some approaches but warns that businesses must pay attention to their legal obligations.

Read more opinion/analysis

Interviews

Steamships preparing for the next upturn, says MD Peter Langslow (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.

Ok Tedi likely to have extended mine life, says CEO

The Chief Executive of Papua New Guinea’s Ok Tedi mine, Peter Graham, tells Business Advantage PNG that the company is now in the top quartile of global copper producers. He says revised company estimates indicate the mine—for many years one of PNG’s major sources of foreign exchange—should have a longer life. The company responsible for PNG’s largest operational mine is considering the […]

Infrastructure

Steamships preparing for the next upturn, says MD Peter Langslow (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.

Air Niugini to commence flights to Townsville in March

National airline Air Niugini is set to commence bi-weekly flights to Townsville in the Australian state of Queensland from March 2017. The move strengthens Port Moresby’s Jacksons International Airport status as a regional aviation hub.

More on infrastructure ...

Company profiles

BSP looking to lend to growing middle class says CEO Robin Fleming

Bank South Pacific has adjusted well to the slowing economy, Chief Executive Robin Fleming tells Business Advantage PNG. He says the bank is looking to lend to the growing middle class in Papua New Guinea, especially for housing.

Agility keeps NASFUND ahead in tougher investment climate says CEO Ian Tarutia

Superannuation company Nasfund continues to deliver positive returns to its members, Chief Executive Ian Tarutia tells Business Advantage PNG. But weak economic conditions in Papua New Guinea, foreign exchange restrictions and rising unemployment mean the organisation has to be agile.

Read more profiles ...

Latest News

In brief: Merger of Telikom, bmobile and DataCo under Telikom, and other business stories

Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.

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Features

Foreign exchange shortages open up opportunities for Papua New Guinea’s manufacturers

The difficulty in getting foreign exchange is making goods made in Papua New Guinea more attractive, local manufacturers tell ‘Business Advantage Boardroom’, which aired last night on national broadcaster, EMTV. But a lack of protection against cheap overseas competition remains a problem.

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: Improving Pacific island worker access to Australia is better than foreign aid

Permitting easier labour movement between Australia and the Pacific Islands would have a more beneficial effect that foreign aid, claim Lowy Institute researchers Leon Berkelman and Jonathan Pryke. They consider two models for how it might work.

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