Features
Latest news
In brief: Prime Minister O’Neill on trade visit to China, and other business stories
Prime Minister O’Neill on trade visit to China, state of emergency in Southern Highlands, and the future of trade tariffs on tuna exports to the UK. Your weekly digest of the latest business news.
Trade rules favour powerful countries but Papua New Guinea should push for influence, says WTO Director-General
The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.
‘Paradise’ magazine’s first annual edition published
The Paradise Annual 2018, featuring stories and photos about Papua New Guinea’s travel and culture, has just been been released. The special collectors’ publication includes the most popular stories and photos that have featured in the regular issues of Paradise, the in-flight magazine of Air Niugini.
Mining & petroleum
Ok Tedi has moved from ‘death row’ to a ‘sweet spot’, says CEO
The Chief Executive of copper and gold producer Ok Tedi Mining, Peter Graham, believes the Papua New Guinean company will enjoy a ‘sweet spot’ in the next few years. He says efficiency gains have substantially improved the mine’s competitiveness.
Papua Mining may seek ‘big brother’ to help develop Papua New Guinea prospects
Papua Mining has been drilling in Papua New Guinea for six years and has some exciting prospects, according to Chief Executive David Price. He says the company is looking to grow aggressively—possibly in partnership with a larger player.
Economy/investment
Trade rules favour powerful countries but Papua New Guinea should push for influence, says WTO Director-General
The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.
Trade expert Bonapas Onguglo outlines where Papua New Guinea could be missing opportunities
Bonapas Onguglo has been working as a trade analyst at the United Nations Conference on Trade and Development (UNCTAD) since 1984, advising African governments how to expand their economies. He sees new opportunities in agribusiness and the ‘ocean economy’.
Opinion and analysis
Opinion: resurgence of energy projects in Asia Pacific creating workforce challenges
New energy projects in the Asia Pacific are creating workforce challenges according to Calum Smith, Senior Vice President of Asia Pacific at HR consultancy, Airswift. In terms of roles, he says no other area in energy is growing as fast as renewables.
Analysis: does focusing on Papua New Guinea’s debts distract from another issue?
Papua New Guinea’s mandated debt levels are fiercely debated but, according to David James, Managing Editor of Business Advantage PNG, most countries are far less prudent. Could concentrating on the national debt distract from another problem—the lack of an international market for the country’s financial assets?
Interviews
Papua New Guinea’s tourism prospects ‘enormous’, says Coral Sea Hotels GM
Papua New Guinea has untapped leisure tourism potential, according to Marc Ehler, recently appointed Group General Manager of Coral Sea Hotels. After a busy APEC year, he tells Business Advantage PNG he is expecting greater competition in 2019.
Brian Bell Group investing heavily for growth in its 60th year, says Chairman
Diversified corporate and retail enterprise Brian Bell Group is celebrating its 60th year in 2018. Chairman Ian Clough tells Business Advantage PNG the company is investing in people, infrastructure, and new retail strategies in preparation for its next phase of growth.
Infrastructure
Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
Papua New Guinea Earthquake Update: relief efforts continue as Restoration Authority established
The Papua New Guinea government has set up a new authority to oversee the restoration of services and infrastructure, following the February 26 earthquake. As humanitarian relief work continues, analysts expect GDP to fall slightly.
Company profiles
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.
Diversification critical to success in Papua New Guinea, says Hornibrook NGI MD
Vertical integration is the key to growth in Papua New Guinea, according to Hornibrook NGI Managing Director Matthew Lewis. He tells Business Advantage PNG the steel fabrication and construction company is leveraging its in-house capacity to diversify into property and hospitality.
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
In brief: Prime Minister O’Neill on trade visit to China, and other business stories
Prime Minister O’Neill on trade visit to China, state of emergency in Southern Highlands, and the future of trade tariffs on tuna exports to the UK. Your weekly digest of the latest business news.
Features
Trade rules favour powerful countries but Papua New Guinea should push for influence, says WTO Director-General
The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.
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: resurgence of energy projects in Asia Pacific creating workforce challenges
New energy projects in the Asia Pacific are creating workforce challenges according to Calum Smith, Senior Vice President of Asia Pacific at HR consultancy, Airswift. In terms of roles, he says no other area in energy is growing as fast as renewables.
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