Papua New Guinea’s major banks tell Business Advantage PNG they are now seeing a dramatic fall in foreign exchange backlogs. What’s driving this improved forex availability – and is a permanent solution to this critical business impediment at hand?
Latest news
The latest business news from Papua New Guinea and the region
Papua New Guinea is currently embarked on an ambitious five-year digital transformation plan to improve its government services and lay down digital public infrastructure. We hear from some of the key players on what’s been delivered and what we can expect next.
The winners of Papua New Guinea’s major awards for innovation were announced at a special Gala Dinner on 27 March, on the eve of the 2025 Innovation PNG Conference and Expo at the Stanley Hotel, Port Moresby.
Retail sales have flattened in Papua New Guinea in the past year. As a result, major retailers are shifting their focus to meet changing customer expectations, as CEOs reveal to Business Advantage PNG.
The Business Advantage PNG editorial team was among the delegates at the 2024 Papua New Guinea Investment Week (formerly the Papua New Guinea Resources & Energy Investment Conference) in Sydney, held from December 8-11. Here are our top five takeaways from the event.
In a repeat of last year, the 2025 Budget delivered by Papua New Guinea Treasurer Ian Ling-Stuckey outlines record spending and revenue. It also contains a few policy surprises, including a proposed reduction to the company tax rate paid by commercial banks as well as easing of a key paperwork requirement for obtaining foreign exchange.
Could Papua New Guinea’s second gas project get the green light in 2025? In an exclusive interview with Business Advantage PNG, Arnaud Berthet, Managing Director of TotalEnergies EP PNG, outlines the Papua LNG project timeline and the activities left to complete on the road to FID.
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.