About Business Advantage PNG

A cracker of a celebration at Paradise Foods

Welcome,

Paradise Foods has celebrated 90 years in business with the release of a new flavour in its range of crackers.

Papua New Guinea’s growing middle class driving housing construction

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Papua New Guinea’s construction sector as a whole has returned to pre-COVID levels, driven in part by a growth in demand for housing. Business Advantage PNG looks at what’s driving the trend.

Forex, debt and governance: the IMF assesses Papua New Guinea’s progress

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A year ago, the International Monetary Fund commenced a program in Papua New Guinea, focused on improving government debt, foreign exchange shortages and governance. Business Advantage PNG sits down with the IMF’s Resident Representative in PNG, Sohrab Rafiq, to discuss progress on these three critical issues.

‘Cautiously optimistic’: BSP CEO sees improved conditions as Papua New Guinea’s resources projects ramp up

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How does Papua New Guinea’s largest bank see the outlook for business this year? In this exclusive interview with Business Advantage PNG, BSP Financial Group’s CEO Mark Robinson assesses the trends, risks and opportunities, and how factors such as foreign exchange and a devaluing kina will play a part.

Large-scale fabrication plant to underpin industrial park outside Papua New Guinea’s capital

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Work has begun on Kumul Petroleum Holdings Ltd’s US$100 million steel fabrication plant just north-west of Port Moresby. In an exclusive interview, Kumul Petroleum MD Wapu Sonk outlines how the facility will boost PNG manufacturing, and anchor a new Special Economic Zone in the Caution Bay area.

Resources boom to usher in ‘the most exciting ten years’ for Papua New Guinea: Prime Minister Marape

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James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.

2024: what can Papua New Guinea business expect from the year ahead?

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Papua LNG, forex and law and order. Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.

Port Moresby’s state of emergency: what business needs to know

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The Marape government has imposed a 14-day State of Emergency in Papua New Guinea’s capital Port Moresby to maintain public order following extraordinary rioting and looting last week. Here’s what it means for business.

Review: Green Haus Restaurant, Port Moresby

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Green Haus restaurant in The Stanley Hotel & Suites takes casual dining to the next level. One of the first things you notice is the wall of plants, growing in honour of the restaurant’s name. Review by Mary Tao.

New Porgera Chairman announces reopening date for gold mine

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The Porgera gold mine in Papua New Guinea’s Enga Province will officially restart on 22 December, according to the Managing Director of Kumul Minerals Holdings, Sarimu Kanu, who is also Chairman of New Porgera Limited, the new operator of the mine.