Papua New Guinea’s growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG’s global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.
A tale of two cities: reflections on 10 years in Port Moresby and Lae
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6 Apr 2016 by 1 Comment
Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.
People moves: ANZ Bank, Santos
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6 Apr 2016 by Leave a Comment
ANZ Bank’s regional CEO to retire, senior management changes at Santos
In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories
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30 Mar 2016 by Leave a Comment
Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.
People moves: Parties to the Nauru Agreement, Lowy Institute
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30 Mar 2016 by Leave a Comment
The CEO to the fishing organisation, the Parties to the Nauru Agreement, to step down and Hayward-Jones leaves the Lowy Institute.
Six questions for: Katsuo Yamashita, Chairman, Japan Papua New Guinea Association
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30 Mar 2016 by Leave a Comment
The relationship between Japan and Papua New Guinea has developed to the point where this year—thanks to liquefied natural gas—Japan is expected to be PNG’s largest export destination this year. Business Advantage PNG asks Katsuo Yamashita, the Chairman of the Japan PNG Association, about the growing links between the two countries.
Papua LNG project to have ‘similar impact’ on Papua New Guinea to PNG LNG: InterOil CEO
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29 Mar 2016 by Leave a Comment
With the PNG LNG project now in production, all eyes are on Papua New Guinea’s next likely gas project: Papua LNG. InterOil Corporation has been with the project, based on the Elk-Antelope gas fields in Gulf Province, since its inception. Chief Executive Officer Michael Hession tells Business Advantage PNG why the project is still promising, even in a time of low global gas prices.
People moves: Steamships, AWE
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23 Mar 2016 by Leave a Comment
A new Company Secretary for Steamships, and Cue Energy’s CEO moves to AWE
In brief: manufacturing affected by downturn in the economy and other business stories
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23 Mar 2016 by Leave a Comment
Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news.
In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories
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16 Mar 2016 by Leave a Comment
Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
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