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.
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.
Nine things mining companies need to avoid in the next upturn
A report by consultancy McKinsey & Co. says activity in mining is strengthening globally. But it identifies nine mistakes in the downturn that should be avoided.
Economy/investment
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.
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.
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.
Opinion: The Pacific Islands should speak as one
Dame Meg Taylor Secretary General of the Pacific Islands Forum Secretariat argues that the Pacific region is at a critical juncture in its history. She argues that because of political ‘jousting’ there ‘has never been a more important nor opportune time’ to act as one Blue Pacific continent.
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.
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.
Infrastructure
Lae businesspeople express concern at abuse of customs importing system
Lae businesspeople have told a Customs Department forum they are deeply concerned about some importers abusing the system by under-reporting the value of their imports, or simply not declaring them. Lae Chamber of Commerce Executive member Keith Kingston says another issue highlighted was trade in counterfeit goods.
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.
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.
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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