About Business Advantage PNG

In Brief: World Bank report predicts 5% GDP growth for Papua New Guinea and other business stories

New World Bank report predicts 5% GDP growth for Papua New Guinea in 2019, consumer protection in financial services, and Bloomberg puts a value on Panguna mine. Your weekly digest of the latest business news.

People Moves: ACP Group, University of Natural Resources and Environment, Digicel PNG Foundation, NASFUND

New chancellor at the University of Natural Resources and Environment, new chairperson announced at ACP Group, changes in NASFUND’s board of directors, new CEO at Digicel PNG Foundation.

Papua New Guinea proposes foreign investment reforms

Last month, the Papua New Guinea Government tabled the Foreign Investment Regulatory Authority Bill in Parliament. What is the bill designed to achieve and why is the business community concerned? Business Advantage PNG investigates.

People Moves: Westpac PNG, PNG Air, Office of the Pacific, Cardno

New head of corporate and commercial banking at Westpac PNG, board change at PNG Air,  a new Pacific supremo for Australia and a new CEO at Cardno.

In Brief: Papua New Guinea electrification project to start in Enga and other business stories

Papua New Guinea electrification project to start in Enga Province, Mining Act in Bougainville set for alteration, while moratorium on business visas ends. Your weekly digest of the latest business news.

In Brief: Concern about changes to investment laws and other business stories

Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.

People Moves: National Development Bank, Keypoint Law

New chairman and board members for the National Development Bank, new practice head for Keypoint Law.

Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor

The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.

In brief: State-owned enterprises told to lift performance and other business stories

Papua New Guinea’s state-owned enterprises given pep-talk by Minister, new Credit Guarantee Corporation to be established and Ramu NiCo sales fall. Your weekly digest of the latest business news.

People Moves: Bank South Pacific, DCITE

A new Secretary at the Department of Communications, BSP banker retires.