Oil prices have strengthened, but LNG prices have come off sharply. Copper has eased slightly. Business Advantage PNG’s monthly overview of commodity and financial markets.
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Port Moresby’s electricity generation capacity is set to almost double, with the advent of two new independent power producers, Dirio Gas & Power and NiuPower. For the first time, gas will be used for domestic power supply in Papua New Guinea—but challenges remain.
People Moves: Autonomous Region of Bougainville, Lae Chamber of Commerce
Papua LNG may be at the forefront of artificial intelligence use in Papua New Guinea, China’s proposed new foreign investment laws mirror PNG’s, premium pay-per-entry airport lounges, and cybercrime. Readings from around the world on business, leadership and management.
Gulf Province is located on Papua New Guinea’s southern coast. It has a concave coastline of large deltas that lead into the Lakekamu Basin, and has mountains and wide expanses of seasonally flooded grass plains stretching out from the Turama, Kikori, Purari and Vailala rivers. The province has about 500 kilometres of roads, mainly along the eastern coast and mountains.
Adrian Mathias reports on efforts to shine the spotlight on the Hindenburg Wall, one of Papua New Guinea’s hidden natural attractions.
In Brief: Papua New Guinea’s government reaffirms its commitment to the development of the petroleum and energy sectors and other business stories
Being a manufacturer in Papua New Guinea means managing its economic cycles, says Stan Joyce, Managing Director of SP Brewery, Papua New Guinea’s largest brewer. He tells Business Advantage PNG the economy is starting to turn in the manufacturing sector’s favour.
The high speed Coral Sea Cable System, expected to be completed by the end of this year, will open up development possibilities for several Papua New Guinea industries. Laine Kidner, Chief Executive of data centre services company Connected South Pacific, outlines some of the outstanding opportunities to Business Advantage PNG.
East New Britain covers the north-easternportion of New Britain Island and the Duke of York Islands. The marine resources are diverse. The province’s only land border is with West New Britain Province to the west, and it also shares a maritime border with New Ireland Province to the east. Crime rates are low and the islands have feature many natural beauties.