Australia is still Papua New Guinea’s largest trading partner and the country’s largest single source of investment. Business Advantage PNG speaks with Australia’s new Senior Trade Commissioner in Port Moresby David Knapton.
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A new marketing manager for Bmobile.
Prime Minister O’Neill to respect court’s decision, Bougainville Copper assesses draft mining bill, and Papua Mining raises exploration funds. Your weekly digest of the latest business news.
The rapidly weakening kina, deficit spending and the financing of government debt is piling pressure on the Papua New Guinea government to boost economic confidence. Economist Dr Mark Evans considers some of the issues facing both government and business.
Last August, the O’Neill government announced a policy to create an agricultural ‘hub’ around Mount Hagen in Papua New Guinea’s Western Highlands Province. Business Advantage PNG asked business leaders and analysts what was needed for the region to achieve its potential.
Papua New Guinea’s oil and gas sector has a new player after Singapore-based Puma Energy’s purchase of InterOil Corporation’s downstream business.
While the legal and political repercussions arising from Papua New Guinea’s ‘Parakagate’ anti-corruption enquiry are still being worked out in Port Moresby, social order appears to have been maintained so far. However, the controversy may indirectly affect the progress of some significant new legislation, including that required to establish the country’s Sovereign Wealth Fund.
The Papua New Guinea Government has endorsed an increase in the country’s minimum wage of 91 toea to K3.20 per hour.
The signing of the first major backer for a new Papua New Guinea television drama series paves the way to develop a local TV production industry, according to the show’s producers.
A new MD for St Barbara, and a new Transport Minister.