Features

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LNG’s role in Papua New Guinea’s foreign exchange challenges

The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?

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Meet the Papua New Guinean chemist with a winning formula

Papua New Guinean chemist Yalinu Poya has received an international award for her groundbreaking research into making sustainable synthetic fertiliser.

Chemistry Award Yalinu Zoya

Will Papua New Guinea slip to the back of the LNG queue?

The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.

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Hides field

PNG Flying Labs: reaching Papua New Guinea’s unreached

How do you reach Papua New Guineans in remote areas? With drones – and a new company, PNG Flying Labs, is trying to ensure the next generation is qualified to fly them

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PNG Flying Labs

Pawa to the people: how SP Brewery’s Cassava Project is changing lives

SP Brewery’s use of locally sourced cassava to make its Pawa Punch brew, has been hailed for its sustainability. Corporate Affairs Manager John Nilkare talks about the award-winning project.

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Latest news

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Tourism in Papua New Guinea: strategy hitting the mark

Figures on visitor arrivals to Papua New Guinea indicate that business travel and tourism are growing but there has been a falling interest the MICE market. The number of people coming to PNG for employment increased markedly.

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In brief: good news for Wafi-Golpu and other business stories

Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.

Papua New Guinea heading into a forex squeeze – World Bank

A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.

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Opinion and analysis

Three reforms needed for the ‘digitalisation’ of Papua New Guinea [opinion]

PwC’s Mohammad Chowdhury and Jonathan Seeto argue PNG needs three critical market reforms if it wants to make the most of its new telecommunications infrastructure.

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Economy/investment

Prime Minister Marape confident of a ‘five train’ LNG future in Papua New Guinea

As talks between ExxonMobil and Papua New Guinea’s State Negotiating Team over the P’nyang gas project reach their nominated ‘walk away’ deadline today, the Prime Minister, James Marape, has said he is confident that LNG will help underpin economic growth in the country for the next decade.

Transparency report shines light on Papua New Guinea’s extractive sector

Although the extractive sector continues to be responsible for the bulk of Papua New Guinea’s exports, the latest Papua New Guinea Extractive Industries Transparency Initiative report has found that revenues to government remain comparatively small. Here’s what you need to know.

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People moves

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People moves: Pacific Tourism Organisation, National Airports Corporation, ACP Group

The Pacific Tourism Organisation announces a Finance and Corporate Services Manager, new Board of Directors for the National Airports Corporation and the ACP Group appoints a Chairperson of the Committee of Ambassadors.

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Boardroom briefing

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Boardroom briefing: no more IPOs boys’ club, shipping index sinks, and digital marketing tricks

Goldman Sachs bans all-male IPOs, coronavirus hits international shipping and how SMEs can market better.

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Interviews

Five questions for YuTru’s Tony Willenberg

YuTru, Papua New Guinea’s first digital identification or ‘trust framework’, will enable more people to access and participate in the online economy. In this exclusive interview with Business Advantage PNG, Tony Willenberg, consultant to the project, tells us how YuTru is progressing.

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Infrastructure

Technology the key to Papua New Guinea ports’ improved efficiency

Papua New Guinea’s major ports of Port Moresby and Lae have achieved significant efficiencies. In this exclusive interview with Business Advantage PNG, ICTSI Chief Executive Officer Anil Singh outlines the opportunities to grow both ports.

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Company profiles

Greenlight Planet aiming to help Papua New Guineans ‘climb the energy ladder’

After successfully launching solar-powered devices in Asia and Africa, Greenlight Planet expanded into Papua New Guinea in 2016 and has been instrumental in the solar sector’s phenomenal growth across the country. Lisa Smyth discovers what’s next for the for-profit social enterprise.

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Latest News

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

Tourism in Papua New Guinea: strategy hitting the mark

Figures on visitor arrivals to Papua New Guinea indicate that business travel and tourism are growing but there has been a falling interest the MICE market. The number of people coming to PNG for employment increased markedly.

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Features

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

LNG’s role in Papua New Guinea’s foreign exchange challenges

The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?

Opinion

Three reforms needed for the ‘digitalisation’ of Papua New Guinea [opinion]

PwC’s Mohammad Chowdhury and Jonathan Seeto argue PNG needs three critical market reforms if it wants to make the most of its new telecommunications infrastructure.