The Gulf to Southern Highlands Highway missing link is set to be funded under the new tax credit scheme, K56 million in royalties for forest landowners, and Geopacific Resources announces the acquisition of the remaining seven per cent of JV with Kula Gold. Your weekly digest of the latest business news.
People Moves: Airswift, PNG Air Limited
Welcome,
12 Mar 2019 by Leave a Comment
PNG Air Limited designates a new Company Secretary and Airswift announces its Country Director for Papua New Guinea.
Six questions for Asian Development Bank Vice President Diwakar Gupta
Welcome,
12 Mar 2019 by Leave a Comment
The Asian Development Bank is one of the largest international investors in Papua New Guinea, mainly in infrastructure. One of its six Vice-Presidents, Diwakar Gupta—who is responsible for Private Sector and Cofinancing Operations—tells Business Advantage PNG the bank also has funds to invest in PNG’s private sector—under certain conditions.
Enga Province: Papua New Guinea Business Guide
Welcome,
6 Mar 2019 by Leave a Comment
Enga is the highest and is the second most rugged province in Papua New Guinea. Most of the province is over 2000 metres above sea level, but there are also many valleys which feed into the two major river systems that drain the province: the Lagaip, a tributary of the Fly River, and the Lai, a tributary of the Sepik River.
In Brief: Bougainville referendum postponed until October and other business stories
Welcome,
6 Mar 2019 by Leave a Comment
Bougainville’s independence referendum deferral, Papua New Guinea ranked 109 out of 190 in the World Bank’s 2019 Ease of Doing Business Report and possible changes to the Foreign Investment Regulatory Bill. Your weekly digest of the latest business news.
KPMG announced as Major Sponsor of 2019 Papua New Guinea Investment Conference
Welcome,
6 Mar 2019 by Leave a Comment
Business Advantage International has announced that KPMG will be the headline sponsor for its 2019 Business Advantage Papua New Guinea Investment Conference in Sydney on 19 and 20 August.
Hela Province: Papua New Guinea Business Guide
Welcome,
1 Mar 2019 by Leave a Comment
Hela is a smaller province of Papua New Guinea, comprising three districts previously part of Southern Highlands Province. It is home to the Huli Wigmen, who are internationally recognised for their distinctive face paint and elaborate wigs made from human hair.
People Moves: Kina Asset Management Limited, Westpac Papua New Guinea
Welcome,
6 Mar 2019 by Leave a Comment
New member at Kina Asset Management Limited’s board and Westpac Papua New Guinea appoints a new Chief Executive.
Chimbu (Simbu) Province: Papua New Guinea Business Guide
Welcome,
1 Mar 2019 by Leave a Comment
Chimbu shares its borders with Gulf, Eastern Highlands, Southern Highlands, Jiwaka and Madang provinces. The bustling commercial and administrative centre of Kundiawa perches on a mountainside beside the Chimbu River.
Autonomous Region of Bougainville: Papua New Guinea Business Guide
Welcome,
28 Feb 2019 by Leave a Comment
Two islands make up most of the Autonomous Region of Bougainville (ARB): the larger main island for which the region is named, as well as Buka, separated by the Buka Passage, one of the fastest-running currents in the world. Since 2000, ARB has had a unique status among PNG’s provinces, possessing a greater degree of autonomy. The region encompasses smaller atoll chains with rich fishing waters. Bougainville has its own time zone: it is one hour ahead of elsewhere in PNG.
Recent readers’ comments