Features

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Gradual devaluation of Papua New Guinea’s currency would be ‘helpful’, says banker

Papua New Guinea’s currency, the kina, has been steady this year after weakening against a number of major currencies in late 2020. Should it be devalued further? We asked Jonathan Prince, Treasurer at Westpac PNG, to consider the consequences.

Kina vs dollar

Working cooperatively the key to improve Papua New Guinea’s cocoa exports

Getting produce to market is one of the biggest constraints on Papua New Guinea’s cocoa industry, according to the Chief Operating Officer of leading cocoa exporter, NGIP Agmark. Steven Nightingale says his company is developing a model that is helping to improve the situation.

Inside view: satellite technology a ‘game changer’ for Papua New Guinea

Global telecommunications company Speedcast has been working in Papua New Guinea for over 12 years. Tony Waters, Senior Sales Director, says the advances in satellite communication could mean high-speed internet access at a good price for the country’s 22 provinces.

Speecast

Economic update: Beyond COVID-19 in Papua New Guinea

2021 promises to be a year like no other in Papua New Guinea, as business leaders look beyond the COVID-19 crisis to an economy preparing for a major transition. They share their expectations with Andrew Wilkins.

Electricity for auction in Papua New Guinea – but at what price?

The vision for reforming Papua New Guinea’s power sector is becoming clearer, with power auctions likely to play a major role in driving down electricity prices and helping the country meet its future electricity needs.

PNG POWER

Latest news

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Combined visa and work permit system on its way in Papua New Guinea

The holy grail of a combined online application process for both visas and work permits is on its way, according to Papua New Guinea’s Chief Migration Officer, Stanis Hulahua. The move is one of a number of innovations planned to improve international labour mobility.

In brief: new telecommunications project for Papua New Guinea and other business stories

The Asian Development Bank and ATH partner to develop a new mobile broadband telecommunications network in Papua New Guinea, the National Airports Corporations partners with the Fly River Provincial Government and PNG to redevelop the meat industry. The business news in brief.

Papua New Guinea moves to seven-day home quarantine for vaccinated international arrivals

In new measures announced last Friday by the Controller of Papua New Guinea’s COVID-19 National Pandemic Response, fully vaccinated international arrivals from ‘low to medium risk’ countries will be able to quarantine for just seven days when entering the country and will be eligible for home quarantine.

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Economy/investment

Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence

Recent developments in the Papua New Guinea’s resources sector should boost confidence, according to international ratings agency Fitch Solutions. Its latest outlook on the country, however, warns of ‘policy uncertainty and ongoing risks to social stability’.

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Opinion and analysis

Shake-up of the Papua New Guinea electricity supply industry

Recent changes to the National Energy Authority Act 2020 and the Electricity Industry (Amendment) Act 2020 introduce new requirements for electricity projects and change the way the sector operates. Vaughan Mills, Lisa Kudada and Andrea Moffatt from the independent law firm Corrs Chambers Westgarth, explain the changes.

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People moves

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People moves: Kina Bank, EMTV

New Chief of Staff for Kina Bank, departure at EMTV.

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Feature interviews

Safety and reforms could reinvigorate tourism, says PNGTPA

Eric Mossman has stepped into the country’s top tourism job as the Chief Executive Officer of the Papua New Guinea Tourism Promotion Authority (PNGTPA), and he may be the man to lift it out of the COVID-19 downturn.

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LIfestyle

Airways Residencies: development takes shape in Papua New Guinea

A spacious new gated garden estate with one-, two- and three- bedroom luxury apartments is taking shape in Port Moresby.

More PNG lifestyle articles

Latest News

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

Combined visa and work permit system on its way in Papua New Guinea

The holy grail of a combined online application process for both visas and work permits is on its way, according to Papua New Guinea’s Chief Migration Officer, Stanis Hulahua. The move is one of a number of innovations planned to improve international labour mobility.

Features

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

Gradual devaluation of Papua New Guinea’s currency would be ‘helpful’, says banker

Papua New Guinea’s currency, the kina, has been steady this year after weakening against a number of major currencies in late 2020. Should it be devalued further? We asked Jonathan Prince, Treasurer at Westpac PNG, to consider the consequences.

Opinion

Shake-up of the Papua New Guinea electricity supply industry

Recent changes to the National Energy Authority Act 2020 and the Electricity Industry (Amendment) Act 2020 introduce new requirements for electricity projects and change the way the sector operates. Vaughan Mills, Lisa Kudada and Andrea Moffatt from the independent law firm Corrs Chambers Westgarth, explain the changes.