Features
Latest news
Medium Term Development Plan for Papua New Guinea points to sharp economic stimulus
The Papua New Guinea government is planning to sharply increase its economic stimulus, according to the Medium Term Development Plan III. It envisions a ‘strategic shift’ in Budget allocations.
ABAC identifies Papua New Guinea’s fisheries as outstanding growth area
Papua New Guinea has significant opportunities for employment and foreign exchange from its fisheries, but only if it can develop the necessary policies and infrastructure. That was the conclusion from meetings of the APEC Business Advisory Council (ABAC).
In brief: Visas-on-arrival suspensions for November, and other business news
Visa suspensions to hit tourism, rice imports slammed, and a coal power plant proposed for Lae. Your weekly digest of the latest business news.
Economy/investment
Sovereign bond an ‘important milestone’ for Papua New Guinea that should affect interest rates, says BSP’s Fleming
The US$500 million sovereign bond raising will improve foreign exchange cash flows, according to Robin Fleming, Chief Executive of Bank South Pacific. He tells Business Advantage PNG that it represents an ‘important milestone’ for Papua New Guinea’s financial system.
Mining & petroleum
Papua New Guinea PM Peter O’Neill says deals on resources projects will be fair to all stakeholders
In an interview with Business Advantage PNG’s Andrew Wilkins, the Prime Minister Peter O’Neill says he is looking for deals in LNG and mining projects that will benefit all parties. In the first of a two part series, O’Neill says his government is investing to diversify the economy.
Opinion and analysis
Opinion: A free trade zone in Papua New Guinea could create investment, revenues and jobs
Papua New Guinea could create attract significant investments and derive large revenues from a free trade zone, according to Tony Restall, President consultancy Development Services International. He says the necessary legislation is already in place.
Interviews
Papua New Guinea PM O’Neill looks for lasting policy legacy from APEC
In the second half of his exclusive conversation with Business Advantage PNG’s Andrew Wilkins, the Prime Minister Peter O’Neill says the policies developed at the APEC Leaders meeting will have a lasting impact on the country. He says APEC marks a unique opportunity to market PNG as an investment destination.
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.
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.
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
Medium Term Development Plan for Papua New Guinea points to sharp economic stimulus
The Papua New Guinea government is planning to sharply increase its economic stimulus, according to the Medium Term Development Plan III. It envisions a ‘strategic shift’ in Budget allocations.
Features
ABAC identifies Papua New Guinea’s fisheries as outstanding growth area
Papua New Guinea has significant opportunities for employment and foreign exchange from its fisheries, but only if it can develop the necessary policies and infrastructure. That was the conclusion from meetings of the APEC Business Advisory Council (ABAC).
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: A free trade zone in Papua New Guinea could create investment, revenues and jobs
Papua New Guinea could create attract significant investments and derive large revenues from a free trade zone, according to Tony Restall, President consultancy Development Services International. He says the necessary legislation is already in place.
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