Mastercard talks smart chip technology in Papua New Guinea

Mastercard is working with its banking partners to introduce smart card chip technology and contactless payments to Papua New Guinea (PNG). Craig Kirkland, Director of Pacific Islands for Mastercard talks to Business Advantage PNG about this technology and why PNG is an important market for the company.
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Black Swan cutting transport costs by providing Port Moresby with VIP Transport Services

The success of a new Uber-style approach to providing secure people transport in Port Moresby will see the concept rolled out across Papua New Guinea next year, says Black Swan International CEO Brian Kelly. He tells Business Advantage PNG the upmarket service has hit a chord with business people.
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O’Neill tells Papua New Guinea resources sector there will be no new taxes

Papua New Guinea's Prime Minister, Peter O’Neill, told the PNG Mining and Petroleum Conference yesterday that there would be no new taxes for the resources sector. Meanwhile, presentations by the major industry players suggest the next 12 months will be critical in determining the future growth of the sector.
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Oil and gas prices strong: a monthly review of Papua New Guinea’s commodities and financial markets

Oil and gas prices are up and copper is also strong. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets comes to you from this week's PNG Mining and Petroleum Conference in Port Moresby.
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O’Neill flags new initiatives to promote agriculture in Papua New Guinea

Prime Minister Peter O’Neill and his Agriculture Minister, Benny Allen, have promised to boost access to credit for agricultural projects, develop import substitution and strengthen agricultural institutions. They were addressing the country’s inaugural National Agriculture Summit in Port Moresby this week.
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In brief: Papua New Guinea signs up to China’s ‘One Belt, One Road’ initiative, and other business stories

China deal to benefit Highlands provinces, call for restructure of agriculture department and quarantine authority, and Pacific Assurance Group goes into liquidation. Your weekly digest of the latest business news.
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Australian government commits to building an undersea telco cable to Port Moresby

The Prime Minister of Australia, Malcolm Turnbull and the Prime Minister of Papua New Guinea, Peter O’Neill have announced they will be working together to lay a new undersea high speed telecommunications cable from Australia to Port Moresby. The move is expected to contribute to closer economic integration between the two neighbouring countries.
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