Features

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Forex squeeze: is Papua New Guinea’s stable kina a liability?

As a thinly traded currency, the kina has been protected from some of the volatility affecting world markets in the wake of COVID-19, but that presents its own set of problems.

Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis

The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?

Prime Minister Marape

Papua New Guinean Young Guns [Part 2]

Papua New Guineans Len Awinup and Lydia Lisa Dimokari are creating change through two initiatives that could level up the field for young people around the country.

Papua New Guinean young guns (part 1)

Lisa Smyth meets four young Papua New Guineans who are working to transform their communities with their dynamic business ideas. In part one of this story, meet the man behind apparel brand Barata and the woman who’s building solar-powered walk-in fridges.

Barata

More investment for farmers in Papua New Guinea’s Highlands region

The World Bank and the International Finance Corporation are looking to step up investments in the Highlands. Michel Kerf, the World Bank’s Country Director for PNG and the Pacific Islands, describes to Business Advantage PNG the challenges and opportunities for the region.

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Latest news

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Oil Search capital raising: is stake in PNG LNG project up for sale?

Papua New Guinea’s largest company, Oil Search, is proposing to raise US$700 million (K2.4 billion) to strengthen its balance sheet in response to declining oil prices. The company’s stake in the PNG LNG project may also eventually be on the table.

East New Britain locked down: business braces for three-week closure

With Papua New Guinea’s second case of COVID-19 discovered in East New Britain, the province’s businesses are getting ready for weeks of disruption.

In brief: Papua New Guinea’s financial institutions respond to State of Emergency and other business stories

Papua New Guinea’s financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.

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Opinion and analysis

Life in Port Moresby under lockdown [opinion]

Associate Lecturer Dek Joe Sum is based at the University of Papua New Guinea and has been in lockdown in Port Moresby since 24 March. This is his experience.

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Economy/investment

Stimulate or stagnate: steering Papua New Guinea’s economy through the COVID-19 crisis

The global economic meltdown that has been triggered by the COVID-19 virus outbreak has hit Papua New Guinea hard. What are the implications for the country’s business and financial sectors?

Oil collapses, copper and cocoa also down: a monthly review of Papua New Guinea’s commodities and financial markets

The oil price has cratered and LNG prices have also been weak. Copper is down sharply and the cocoa price is also off sharply. Business Advantage PNG’s monthly overview of commodity and financial markets.

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People moves

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People moves: Air Niugini, Bizprint

Air Niugini names Acting Chief Executive Officer, GM leaves Bizprint.

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Boardroom briefing

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Boardroom briefing: the future is now, using lockdown wisely and positive news from the COVID-19 front line

Has the COVID-19 crisis accelerated workplace change? How to use your lockdown wisely and New Zealand’s hard lockdown starting to show results. Readings from around the world on business, leadership and management.

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Interviews

Papua New Guinean Young Guns [Part 2]

Papua New Guineans Len Awinup and Lydia Lisa Dimokari are creating change through two initiatives that could level up the field for young people around the country.

More interviews ...

Infrastructure

Roads to success: Solomon Islands’ Deputy PM on building new infrastructure

Manasseh Maelanga, the Deputy Prime Minister of the Solomon Islands, says the Pacific country’s new government has turned its attention to infrastructure. Measures are being put in place to encourage private sector involvement in roads, ports and industrial townships.

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More on infrastructure ...

Company profiles

Are satellites the future of affordable internet in Papua New Guinea?

Kacific Broadband Satellites Group has the potential to transform Papua New Guinea by delivering reliable internet connectivity to people in remote and rural areas. Here’s how.

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Read more profiles ...

Latest News

This category can only be viewed by members. To view this category, sign up by purchasing Individual Subscription or Corporate Subscription.

Oil Search capital raising: is stake in PNG LNG project up for sale?

Papua New Guinea’s largest company, Oil Search, is proposing to raise US$700 million (K2.4 billion) to strengthen its balance sheet in response to declining oil prices. The company’s stake in the PNG LNG project may also eventually be on the table.

  • BSP

Features

This category can only be viewed by members. To view this category, sign up by purchasing Individual Subscription or Corporate Subscription.

Forex squeeze: is Papua New Guinea’s stable kina a liability?

As a thinly traded currency, the kina has been protected from some of the volatility affecting world markets in the wake of COVID-19, but that presents its own set of problems.

Opinion

Life in Port Moresby under lockdown [opinion]

Associate Lecturer Dek Joe Sum is based at the University of Papua New Guinea and has been in lockdown in Port Moresby since 24 March. This is his experience.