About Business Advantage PNG

Papua New Guinea’s proposed National Gold Corporation Bill opposed by industry

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PNG CORE has come out with serious objections to the government’s proposed National Gold Corporation Bill. We take a closer look at the legislation and what it could mean for the country’s second most valuable export.

Papua New Guinea’s banks embrace a digital future

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Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, where about 75 per cent of the population remain unbanked. Business Advantage PNG talks to the key players find out what’s coming.

Grand Papua Hotel embarks on two-year transformation as resource boom beckons

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Port Moresby’s Grand Papua Hotel is getting a complete makeover that promises new restaurant and bar concepts and updated, high-tech rooms. Business Advantage PNG speaks to Peter Laigaard Jensen, CEO of Steamships Hospitality and Coral Sea Hotels, to find out what guests can expect from the revamped landmark.

PNG 100 CEO Survey breakfasts in Lae and Port Moresby [Photo gallery]

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The results of the 2024 PNG 100 CEO Survey were presented to members of the Port Moresby and Lae chambers of commerce at separate business breakfasts last week. Here we feature some photos from both events.

Smartphone use to surge in Papua New Guinea, says Vodafone CEO

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Pradeep Lal, CEO of Vodafone Papua New Guinea, speaks to Business Advantage PNG about the challenges of establishing a robust nationwide network, and the massive opportunity ahead, as surging data use in the country encourages more customers to switch to smartphones.

CEO Survey suggests Papua New Guinea business is less bullish, but still planning to invest

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The 2024 results of Papua New Guinea’s annual business confidence survey, the PNG 100 CEO Survey, are out. What have PNG’s leading companies told us about their profit, investment and recruitment expectations – and the major impediments they face?

A cracker of a celebration at Paradise Foods

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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.