Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
Papua New Guinea’s Morobe Province recently issued titles to landowner groups for a small percentage of the fertile Markham Valley. Grow PNG’s David Stewart tells Business Advantage PNG that this has sparked interest from third-party investors in what could become a case study for the development of the country’s agriculture sector.
Anitua Group is one of PNG’s most prominent landowner companies, providing goods and services to the Lihir gold mine and other parts of the country. Chief Executive Lawrence Rausim speaks about the relationship with new mine owner Newmont and shares how his group is setting its community up for the future.
Prolific filmmaker Spencer Peter Wangare is on a mission to inject some verve into Papua New Guinea’s film industry. He speaks to Mary Tao about the industry and his latest movie, Black Python.
The US$7 billion Frieda River copper-gold project is one of the largest in Papua New Guinea’s development pipeline but may take another decade to come into production. Business Advantage PNG looks into why its developer, PanAust, considers it worth the wait.
The outlook is positive for the key commodity exports that will support Papua New Guinea’s resources sector in coming decades, including LNG, gold and copper. Business Advantage PNG speaks with the analysts to find out why.
New Head of Transaction Banking and Head of Business Execution, new First Secretary for Infrastructure at Aussie High Comm, new COO at Remington Group and new appointments to the Minimum Wages Board.
Papua New Guinea holds tremendous potential for foreign investors. However, understanding of local cultural nuances is critical to developing relationships and achieving long-term business success in the country, writes Maryanne Kepui.
Pacific countries like Papua New Guinea are increasingly becoming critical grounds for geopolitical competition, leading to higher investment from international partners, particularly in infrastructure, according to the Lowy Institute’s Dr Meg Keen and colleagues.
Kate Webster looks inside the comfortable business hotel, the Holiday Inn Express Port Moresby.