Christine Iauve, a vegetable farmer from Magautou village, used to keep her hard-earned cash in a safe. Now she, and hundreds of others in rural and remote areas, are getting access to banking services, and setting ambitious goals.
Posts by Business Advantage PNG
With a stable of six and soon to be seven strategically located lodges, Trans Niugini Tours (TNT) is expanding its tourism reach in Papua New Guinea.
The Lae Chamber of Commerce (LCCI) says the Rudd–O’Neill asylum seeker deal ‘will be positive for business’, according to chamber president, Alan McLay.
More than 70 business delegates representing 53 Papua New Guinea companies from various industries are participating in a trade show in the Solomon Islands this week.
The international energy services company, Wood Group PSN, has won a contract with Esso Highlands to provide construction and maintenance to services to the Hides gas plant in Papua New Guinea’s Highlands and the new PNG LNG plant near Port Moresby.
The ratings agency Moody’s has cut Newcrest Mining Ltd’s credit rating, declaring its outlook as negative, after the gold miner announced a AUD$6 billion (K12.6 billion) in asset writedowns in June.
New forex and asset finance heads for Moni Plus, while Ok Tedi Mining loses its corporate communications head.
The international spotlight falls on the asylum-seeker deal between Australia and PNG while RAMSI’s troops depart Solomon Islands.
Papua New Guinea’s Prime Minister Peter O’Neill is adamant that businesses on Manus Island ‘will directly benefit’ from the asylum-seeker deal signed last week by himself and Australian counterpart Kevin Rudd. But some business leaders are sceptical.
Three years ago, ‘Airport Economist’ Tim Harcourt came to Papua New Guinea to see how it was coping after the global financial crisis. In this excerpt from his forthcoming book, Trading Places – The Airport Economist’s Guide to International Business, he reflects on what he found.