More than 70 business delegates representing 53 Papua New Guinea companies from various industries are participating in a trade show in the Solomon Islands this week.
Our Region
Papua New Guinea’s Prime Minister Peter O’Neill is adamant that businesses on Manus Island ‘will directly benefit’ from the asylum-seeker deal signed last week by himself and Australian counterpart Kevin Rudd. But some business leaders are sceptical.
The Cairns Chamber of Commerce has opened a branch office in Papua New Guinea’s capital city, Port Moresby.
The luxury cruise line Carnival Australia has signed a three-year deal with AusAID to boost local business tourism opportunities in Papua New Guinea and Vanuatu.
The Pacific’s tourist sector has been resilient to the falling Australia and New Zealand dollars, according to the July ANZ Bank Pacific Monthly update.
The President of Bougainville, John Momis, wants work on restarting the giant Panguna gold and copper mine later this year, and says the former leader of the Bougainville Revolutionary Army, Sam Kuona, now supports re-opening the mine. In this exclusive interview with Business Advantage PNG, he outlines the steps now needed to restart operations.
Last month, Papua New Guinea’s fledgling National Petroleum Company signed its first deal, and it was a big one: a Memorandum of Understanding with Indonesia’s massive national oil company, Pertamina. NPCP Chairman Frank Kramer explains how the relationship will work.
Papua New Guinea citizens can now apply for visas to visit Australia online, part of a slow but steady improvement in immigration procedures between the two countries.
Air Niugini’s inaugural flight to Denpasar, Bali, is scheduled for 5 August 2013, as the airline seeks to extend its reach into the region.
Growth across the Pacific region is expected to slow slightly during 2013, with Timor Leste, Papua New Guinea and Nauru the outstanding performers, according to a mid-year review by the Asian Development Bank.