Features
Latest news
‘Massive opportunity’ for private power producers in Papua New Guinea
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Papua New Guinea banks report substantial fall in forex waiting times
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Interviews
Four questions with Swire Shipping’s Randy Selvaratnam
Randy Selvaratnam became Chief Commercial Officer for Singapore-based regional logistics provider, Swire Shipping, in June 2024. In this interview, he speaks about the prospects for growth in shipping volumes in and out of PNG, rising freight costs and the move to sustainable biofuels.
Wapu Sonk on Papua LNG – timelines, impacts, and reforms that could benefit industry [video]
Wapu Sonk, Managing Director of Papua New Guinea’s state-owned oil and gas company Kumul Petroleum Holdings Limited, spoke about the way forward with the TotalEnergies-led Papua LNG project and the “unexpected blessings” its delay could bring at this month’s 2024 Business Advantage PNG Investment Conference. Watch his exclusive fireside chat.
Editorial
Editorial: Domestic investors fill the gap while Papua New Guinea awaits next wave
Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.
Economy/investment
Paga Hill aiming to bring slice of global cruise market to Papua New Guinea
The Paga Hill Estate site is underway, with aims to attract cruise traffic and change how people experience Port Moresby. Gudmundur Fridriksson, Chairman, Paga Hill Development Company, tells us how he plans to make waves in PNG’s tourism sector.
Opinion and analysis
Top 8 geopolitical risks for businesses in Papua New Guinea [Opinion]
Geopolitics is increasingly having an impact on businesses in Papua New Guinea across all sectors. In this piece, the team at KPMG Australia’s Geopolitics Hub shares their top eight geopolitical risks for PNG businesses to watch out for.
People moves
People moves: Newmont PNG, TotalEnergies EP PNG, Petroleum Ministry
New Managing Director for Newmont PNG, new People and Services Director for TotalEnergies EP PNG and Petroleum Minister reinstated.
LIfestyle
Westward bound: enjoying West New Britain’s natural wonders
Grant Thomas dives into the pristine waters of Kimbe Bay and climbs to the top of a volcano in Papua New Guinea’s West New Britain Province.
From our online directory …
Doing Business in Papua New Guinea
The ultimate guide to doing business in Papua New Guinea, produced by Business Advantage International and its content partners. Includes industry sector profiles, legal and tax … Read on ...
Corporate Partners
Latest News
‘Massive opportunity’ for private power producers in Papua New Guinea
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Papua New Guinea banks report substantial fall in forex waiting times
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Features
Newmont focusing on ‘value over volume’ at Lihir gold mine
Less than one year after acquiring Papua New Guinea’s largest gold mine, Newmont Corporation is pushing ahead with plans to increase grades and mine life at Lihir. On the eve of finishing his term as Newmont PNG Managing Director, Alwyn Pretorius took Business Advantage PNG inside the transition and shared the plans for the island mine’s future.
Opinion
Top 8 geopolitical risks for businesses in Papua New Guinea [Opinion]
Geopolitics is increasingly having an impact on businesses in Papua New Guinea across all sectors. In this piece, the team at KPMG Australia’s Geopolitics Hub shares their top eight geopolitical risks for PNG businesses to watch out for.
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