Cheap imports into Papua New Guinea are posing an increasing threat to local producers, with reports of foreign companies ‘dumping’ goods in PNG or under-declaring the value of imports.
Posts by Business Advantage PNG
The O’Neill Government’s recent decision to cease visas on arrival for Australian citizens entering Papua New Guinea will have an impact on business, according to a Business Advantage PNG poll.
The Gulf Provincal government has set up a 50/50 partnership with the United States-based cargo transportation company, Teras America LLC, to build a port to service Papua New Guinea’s second LNG project and other industries.
A new, independent director at New Britain Palm Oil, two new executives at InterOil, and other appointments.
Microfinance has grown considerably in PNG in the past few years. Business Advantage PNG talks with Tony Westaway, Managing Director of Nationwide Microbank, about the transformative power of microfinance and the sector’s rapid growth.
The O’Neill Government to appeal a National Court ruling ordering Ok Tedi to suspend dumping, Fisheries Authority makes K10m available for small business, and Newcrest cash-flow looking positive. Your quick digest of the week’s business news.
The value of the Papua New Guinea’s currency, the kina, is expected to fall as much as ten per cent over the coming year, after stabilising for the last two months, according to Lead Pacific Economist at ANZ Bank, Daniel Wilson.
InterOil to begin eight new wells in Gulf Province, Lae business chamber calls for more fire services, and Bougainville prepares for referendum. Your quick digest of the week’s business news.
Business groups have reacted cautiously to the O’Neill government’s plans to scrap visas on arrival for Australian citizens.
Major industrial projects underway or in the pipeline north-west of Port Moresby look likely to create an industrial and logistics corridor over the next five years. Business Advantage PNG examines the progress in Central Province, just outside Papua New Guinea’s capital.