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.
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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.
Lae-based food manufacturer Prima Smallgoods has recently completed a K40 million (US$15.82 million) upgrade to its manufacturing operations. It’s all about the longer term, General Manager Adrian Chow tells Business Advantage PNG.
The coming year looks promising for Papua New Guinea business, with the giant PNG LNG project due to commence gas exports, and further investments looking likely. Meanwhile, eyes are on the O’Neill Government to see how it can improve the operating environment for business. Business Advantage PNG looks ahead to consider what 2014 may bring.
Lae-based plastics, chemicals and consumer products manufacturer K K Kingston anticipates a productive 2014 after returning to its core business in 2013. Business Advantage PNG caught up with Michael Kingston, its General Manager.
PNG Power price increase postponed, InterOil timeline to be set and Rabaul needs visas on arrival. Your quick digest of the week’s business news.
A new board member at Kina Petroleum, a new chairman of the Mineral Resources Development Corp., and other new appointments.
Putting Papua New Guineans into key roles will be a priority for Andrew Cooper, recently appointed to head the PNG operations of international consultancy group, Cardno.