Features
Latest news
Live from the 2018 APEC CEO Summit
Business Advantage PNG’s coverage of 2018 APEC CEO Summit in Port Moresby, Papua New Guinea, held from 15 to 17 November.
How the world’s media is reporting APEC 2018 in Papua New Guinea
The eyes of the world’s media are on Papua New Guinea as delegates arrive in Port Moresby for APEC Leaders Week. Here’s a overview of how the country and the event has been covered by the world’s press this week.
2019 Budget aims to broaden economy and increase expenditure and revenue
The Treasurer, Charles Abel, has handed down the 2019 Budget, revealing a 12 per cent jump in revenues and a 9 per cent jump in expenditures. He announced changes to the income tax threshold, and an increase in capital expenditure.
APEC 2018
Hilton Hotel opening in Port Moresby a ‘key story’ for Papua New Guinea says MD
All eyes this week are on Port Moresby in general and the capital’s new Hilton Hotel in particular. Business Advantage PNG takes a look at the site that will host the APEC Leaders’ Gala Dinner and Cultural Performance.
Australia announces A$3 billion Pacific Infrastructure Bank package
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
Nine Things You Need to Know about 2018 APEC Leaders Week in Papua New Guinea
The final two events of Papua New Guinea’s APEC-hosting year are fast approaching. The APEC Leaders Meeting and CEO Summit will be the highlights of APEC Leaders Week, to take place from 12 to 18 November and thousands of delegates will be coming to Port Moresby from all over the APEC region. Here’s what to expect.
Economy/investment
Australia announces A$3 billion Pacific Infrastructure Bank package
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
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.
Mining & petroleum
Robots, drones and profits: how digital technology is revolutionising mining
Digital technology and artificial intelligence is changing the way mining is conducted, according to Christiaan Heyning, a Partner at the consultants McKinsey & Company. But he warns that astute management is required to reap the benefits.
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
Australia announces A$3 billion Pacific Infrastructure Bank package
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
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
Live from the 2018 APEC CEO Summit
Business Advantage PNG’s coverage of 2018 APEC CEO Summit in Port Moresby, Papua New Guinea, held from 15 to 17 November.
Features
Hilton Hotel opening in Port Moresby a ‘key story’ for Papua New Guinea says MD
All eyes this week are on Port Moresby in general and the capital’s new Hilton Hotel in particular. Business Advantage PNG takes a look at the site that will host the APEC Leaders’ Gala Dinner and Cultural Performance.
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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