A commitment by TotalEnergies, operator of the Papua LNG Project, to provide the PNG government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will be awarded this month.
Local companies encouraged to step-up for early works contracts on Papua LNG
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7 Jun 2023 by 2 Comments
Visiting Papua New Guinea regularly for business just got easier and cheaper
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6 Jun 2023 by Leave a Comment
Changes to the way visas and work permits are managed by PNG’s Immigration and Citizenship Authority are expected to accelerate processing times and reduce costs associated with travelling to PNG.
Airways Hotel has new food offerings and flexible rates on radar
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25 May 2023 by Leave a Comment
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.
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 5 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 1 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.
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