Business Advantage International’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies has found that many business leaders fell short of their profit expectations in 2016. But the mood remains cautiously optimistic.
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The Pacific’s three biggest banks: Bank South Pacific, ANZ and Westpac have distinct approaches to the Pacific region. Their top executives outline their strategies to Business Advantage PNG
Cross-industry collaboration and help from the Papua New Guinea government are required to get the most out of the gas in Western Province, David Lester, Chief Office Representative for Repsol PNG tells Business Advantage PNG.
Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
It has been a bad month for most commodity prices, but not precious metals. The weakness in Liquefied Natural Gas (LNG) prices has continued, with the price falling sharply over the last month. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
The emerging middle class in Papua New Guinea is looking for better housing says Matthew Lewis, Managing Director of Hornibrook NGI. He tells Business Advantage PNG that the steel fabrication and building company sees great opportunity in the housing sector, despite currently difficult economic conditions.
Papua New Guinea’s economy performed strongly on the trade front in 2016, according to the Bank of Papua New Guinea’s biannual Monetary Policy Statement. However, this did not translate into inflows of foreign exchange, and government revenues are expected to remain under pressure.
A major reform will see all Papua New Guinea’s state-owned telecommunications companies grouped under a single board for the first time. The Chairman of the new-look Kumul Telikom, Mahesh Patel, speaks exclusively to Business Advantage PNG about his board’s priorities for increased competition and ‘slashed’ internet prices.
Where in the world is Yamaha’s biggest boat manufacturing project? It’s in Papua New Guinea, Takeshi Abe, Chief Executive Officer of Ela Motors, tells Business Advantage PNG. He says a new 23-footer boat has been specifically designed to meet PNG flotation standards—and it’s being made in-country.