Economic update: Papua New Guinea’s decade of growth begins

As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.
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Grand Papua Hotel embarks on two-year transformation as resource boom beckons

Port Moresby's Grand Papua Hotel is getting a complete makeover that promises new restaurant and bar concepts and updated, high-tech rooms. Business Advantage PNG speaks to Peter Laigaard Jensen, CEO of Steamships Hospitality and Coral Sea Hotels, to find out what guests can expect from the revamped landmark.
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In Papua New Guinea for the long stay: Hilton, Marriott and more

Papua New Guinea's property developers have been busy renovating properties and putting the finishing touches to new projects, including Marriott- and Hilton-branded executive apartments, as the sector gears up for greater economic activity.
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Smartphone use to surge in Papua New Guinea, says Vodafone CEO

Pradeep Lal, CEO of Vodafone Papua New Guinea, speaks to Business Advantage PNG about the challenges of establishing a robust nationwide network, and the massive opportunity ahead, as surging data use in the country encourages more customers to switch to smartphones.
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Forex, debt and governance: the IMF assesses Papua New Guinea’s progress

A year ago, the International Monetary Fund commenced a program in Papua New Guinea, focused on improving government debt, foreign exchange shortages and governance. Business Advantage PNG sits down with the IMF's Resident Representative in PNG, Sohrab Rafiq, to discuss progress on these three critical issues.
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‘Cautiously optimistic’: BSP CEO sees improved conditions as Papua New Guinea’s resources projects ramp up

How does Papua New Guinea's largest bank see the outlook for business this year? In this exclusive interview with Business Advantage PNG, BSP Financial Group's CEO Mark Robinson assesses the trends, risks and opportunities, and how factors such as foreign exchange and a devaluing kina will play a part.
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