Features
Latest news
ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB’s focus on improving both physical and digital connectivity in Papua New Guinea.
Analysts Fitch forecasts higher economic growth for Papua New Guinea in 2019 but kina to weaken
Financial analysts Fitch Solutions is forecasting higher economic growth for Papua New Guinea next year. But it says the kina is overvalued, which may pose problems in the future if the the Government’s proposed sovereign bond issue is successful.
In Brief: KAML announces half-year profit of K1.22m, and other business stories
Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.
Mining & petroleum
Nine things mining companies need to avoid in the next upturn
A report by consultancy McKinsey & Co. says activity in mining is strengthening globally. But it identifies nine mistakes in the downturn that should be avoided.
‘Encouraging’ gas find likely to boost Papua New Guinea LNG expansion as China locks in long-term contract
Analysis of test results from a potentially new LNG find at the Barikewa-3 well in the Papua New Guinea Forelands is underway but it’s too early to say how that gas will be commercialised, according to well operator, Oil Search. Meanwhile, the signing of a long-term contract for gas from PNG with China confirms demand for gas from China will continue well into the 2020s.
Economy/investment
ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB’s focus on improving both physical and digital connectivity in Papua New Guinea.
Analysts Fitch forecasts higher economic growth for Papua New Guinea in 2019 but kina to weaken
Financial analysts Fitch Solutions is forecasting higher economic growth for Papua New Guinea next year. But it says the kina is overvalued, which may pose problems in the future if the the Government’s proposed sovereign bond issue is successful.
Opinion and analysis
Opinion: The Pacific Islands should speak as one
Dame Meg Taylor Secretary General of the Pacific Islands Forum Secretariat argues that the Pacific region is at a critical juncture in its history. She argues that because of political ‘jousting’ there ‘has never been a more important nor opportune time’ to act as one Blue Pacific continent.
Opinion: Papua New Guinea adjusting its tariff strategy in APEC year
Papua New Guinea is raising tariffs at the same time it is hosting APEC, according to Rohan Fox, Stephen Howes and Maholopa Laveil. The ANU researchers say this is at odds with the APEC agenda.
Interviews
Moving from aid to trade: successful mentoring and investment projects in Vanuatu and Samoa expanding into Papua New Guinea
After the successful launches of sustainable small businesses in Vanuatu and Samoa, a donor-funded private sector initiative is preparing to expand into Papua New Guinea. Anna Moegerlein from Melbourne’s The Difference Incubator explains the initiative to Business Advantage PNG.
Five questions for climate expert Professor Tim Flannery
The 2016 Paris Agreement, to which Papua New Guinea is a signatory, has committed governments across the globe to a low carbon future. What does that mean for business? Renowned climate expert Professor Tim Flannery tells Business Advantage PNG there will be enormous opportunities.
Infrastructure
ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB’s focus on improving both physical and digital connectivity in Papua New Guinea.
Six per cent of GDP required to maintain Papua New Guinea’s infrastructure
Papua New Guinea requires about 6 per cent of its GDP to maintain its infrastructure assets, according to Craig Lawrence, Principal at Lytton Advisory. He told the Business Advantage Investment Conference in Brisbane that the ‘build and neglect’ approach is twice as expensive as ongoing maintenance.
Company profiles
How Supreme Industries has expanded in Papua New Guinea
Port Moresby-based retailer/wholesaler Supreme Group found itself needing products and services it couldn’t source in Papua New Guinea, so it decided to create them. Group Managing Director Sanjay Shah, tells Business Advantage PNG that the group has grown quickly and is anticipating more diversification.
Sankamap Exports founder believes Bougainville business has a bright future
Establishing a business on a Papua New Guinea island is a difficult challenge. But Robert Critchley, owner of cocoa and copra supplier, Sankamap Exports, describes how it can be done.
From our online directory …
‘The PNG 100’: key Papua New Guinea companies
Contact details for key Papua New Guinea corporations and service providers, listed by industry … Click to view list ...
Latest News
ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB’s focus on improving both physical and digital connectivity in Papua New Guinea.
Features
ADB’s Papua New Guinea head reveals more details of the Highlands Highway upgrade
The Asian Development Bank will start redeveloping the entire Highlands Highway simultaneously rather than doing it in sections, according to David Hill, Country Director for the ADB. He outlined the ADB’s focus on improving both physical and digital connectivity in Papua New Guinea.
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 ...]
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