In addition to the ongoing refresh of its inventory, recently appointed General Manager Robert O’Brien also plans to revitalise the dining experience for guests with some exciting new dining experiences planned for later this year.
Airways Hotel has new food offerings and flexible rates on radar
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25 May 2023 by Leave a Comment
Mega miner: Newcrest Mining finally agrees to tie the knot with Newmont
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24 May 2023 by 1 Comment
There’s every likelihood that a takeover of Newcrest Mining by Newmont Corporation will be completed by the end of this year. But how will this affect Newcrest’s Papua New Guinea-based assets – the Lihir gold mine and the Wafi-Golpu project?
Credit Corp PNG CEO explains why the company is on the cusp of a major transformation
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17 May 2023 by 1 Comment
CEO Danny Robinson walks Business Advantage PNG through plans to become a niche commercial bank after the [bank] regulator recently fast-tracked the finance company’s application for a full banking licence in Papua New Guinea.
New forex strategy promises gradual return to a floating currency in Papua New Guinea: IMF
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9 May 2023 by Leave a Comment
The recent decision by the International Monetary Fund (IMF) to approve US$918 million (K3.2 billion) in new funding to Papua New Guinea is helping to fast-track a solution to the country’s chronic foreign exchange shortages. Business Advantage PNG spoke with Sohrab Rafiq, the IMF’s new PNG representative, to learn more.
UK businesses to get more exposure to Papua New Guinea produce
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24 Apr 2023 by Leave a Comment
Last year, the United Kingdom government used major sporting events like the Commonwealth Games and the Rugby League World Cup to showcase Papua New Guinea coffee. Keith Scott, the UK’s High Commissioner to PNG, tells Business Advantage PNG of further plans to encourage more business with post-Brexit Britain.
Latest agreement puts Wafi-Golpu copper/gold project back on track
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19 Apr 2023 by 4 Comments
A landmark memorandum of understanding between the PNG government and the Wafi-Golpu Joint Venture participants, Newcrest Mining and Harmony Gold, marks the key step towards the granting of a special mining lease for the Wafi-Golpu copper-gold mine, the application for which was first lodged back in August 2016.
Five questions for Danny Chew, CEO of Vodafone PNG
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12 Apr 2023 by Leave a Comment
On the cusp of the Vodafone PNG’s first anniversary, Business Advantage PNG caught up with recently-appointed CEO, Danny Chew. He reflects on how the new entrant has changed the dynamics of Papua New Guinea’s telco market, and shares what’s in store.
New players to fuel Papua New Guinea’s banking sector growth
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4 Apr 2023 by Leave a Comment
There is broad agreement that Papua New Guinea needs more competition in its banking sector, and several finance companies have flagged their desire to acquire banking licences. What happens next, however, is likely to depend on government action.
Potential expansion plan for Papua New Guinea’s Ramu nickel mine
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27 Mar 2023 by 1 Comment
With strong production numbers and promising drilling results, the Ramu nickel-cobalt mine in Papua New Guinea is heading for a bright future – and expansion is on the cards. Business Advantage PNG talks to its two venture partners as the mine celebrates 10 years of production.
CEO Survey reveals the outlook for Papua New Guinea business in 2023
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14 Mar 2023 by Leave a Comment
The Business Advantage PNG/Westpac PNG 100 CEO Survey has asked the CEOs of Papua New Guinea’s largest companies for their profit, investment and recruitment expectations for 2023. It also asked them to name the top impediments facing their businesses. Here are the results.
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EUR 0.2627
NZD 0.4646
JPY 39.39
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