Business Advantage International has announced that KPMG will be the headline sponsor for its 2019 Business Advantage Papua New Guinea Investment Conference in Sydney on 19 and 20 August.
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A fifteen-year plan to develop the Ihu Special Economic Zone is expected to be approved this month. Driving its development will be the infrastructure requirements for Papua New Guinea’s second liquefied natural gas project—Papua LNG.
The Papua New Guinean economy is set to surge in 2019 and stabilize in subsequent years, according to a report by the World Bank. David James takes a closer look.
GoFood PNG is at the forefront of online food delivery services in Papua New Guinea. Kevin McQuillan speaks with co-founders Samson Korawali and Eugene Anang.
Young and dynamic advisors are stepping up to provide support to Papua New Guinea’s 50,000 small-to-medium enterprises (SMEs). Lisa Smyth reports on a service industry that looks set to boom along with the number of SMEs in the country.
Hela is a smaller province of Papua New Guinea, comprising three districts previously part of Southern Highlands Province. It is home to the Huli Wigmen, who are internationally recognised for their distinctive face paint and elaborate wigs made from human hair.
Chimbu shares its borders with Gulf, Eastern Highlands, Southern Highlands, Jiwaka and Madang provinces. The bustling commercial and administrative centre of Kundiawa perches on a mountainside beside the Chimbu River.
Two islands make up most of the Autonomous Region of Bougainville (ARB): the larger main island for which the region is named, as well as Buka, separated by the Buka Passage, one of the fastest-running currents in the world. Since 2000, ARB has had a unique status among PNG’s provinces, possessing a greater degree of autonomy. The region encompasses smaller atoll chains with rich fishing waters. Bougainville has its own time zone: it is one hour ahead of elsewhere in PNG.
Central Province occupies the southern side of the Owen Stanley Ranges and the area of coast from Bereina in the north, to Gaire Village in the south. The entire National Capital District sits within the province’s boundaries and Port Moresby doubles as the capital of Central. Its proximity to the National Capital District, has led to significant infrastructure development in the province.
Oil prices have been strong, but LNG prices have weakened sharply. Oil palm and coffee prices have fallen, but cocoa prices are steady. Business Advantage PNG’s monthly overview of commodity and financial markets.