Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.
More capacity, more efficiency: Papua New Guinea’s ports get a makeover
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1 Apr 2023 by Leave a Comment
In brief: Papua New Guinea’s Ramu 2 project on track and other business stories
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27 Mar 2023 by Leave a Comment
The Ramu 2 hydro power station looks to be on track, Mining Minister says there is interest again in Solwara 1 deep sea mining project and the IMF makes sizeable contribution to Papua New Guinea’s economy. Your business news today. Government The International Monetary Fund (IMF) has agreed to provide a 38-month US$918 million (K3.23 […]
In brief: Kumul Petroleum signs deal to build fabrication facility and other business stories
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14 Mar 2023 by Leave a Comment
Kumul Petroleum signs deal to build fabrication facility, Nasfund announces net profit and feasibility study for the Mongi hydroelectric project. Your business news in summary.
Papua New Guinea’s war for talent
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20 Mar 2023 by 2 Comments
Papua New Guinean employers are bracing for a fierce battle to attract and retain skilled workers.
Kumul Petroleum moves to commercialise more gas fields in Papua New Guinea
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1 Mar 2023 by 2 Comments
State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea’s smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
In brief: Central Bank pledges to increase monthly forex release to the market
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28 Feb 2023 by Leave a Comment
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to Special Economic Zones, and key PNG corporates post encouraging 2022 results. Your business news in brief.
People moves: Airways Hotel, Pacific Palms Property, MVIL
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15 Feb 2023 by Leave a Comment
New additions at Airways Hotel & Residences and Motor Vehicles Insurances Ltd, managerial appointment at Pacific Palms Property.
In brief: Papua New Guinea’s banking sector gets ready for more competition and other business stories
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15 Feb 2023 by Leave a Comment
Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.
Exclusive: Kerenga Kua on Papua New Guinea’s planned petroleum and gas reforms
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15 Feb 2023 by 4 Comments
Papua New Guinea is planning to move to a production sharing regime for petroleum and gas by the middle of the decade. Business Advantage PNG caught up with Minister for Petroleum Kerenga Kua, to better understand why the reforms are happening, and what industry can expect.
In brief: Barrick urges Papua New Guinea to complete all processes to reopen Porgera and other business stories
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1 Feb 2023 by 1 Comment
Barrick’s CEO addresses delays in the reopening of Porgera mine, rice farming potentially back on the table after a visit from a Filipino delegation and PNG LNG’s contribution to the State. Your business news in brief.
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