The latest business news from Papua New Guinea and the region
Day 2 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across government and business, including Papua New Guinea’s Prime Minister James Marape, state-owned enterprises such as Air Niugini and PNG Ports and business chamber presidents.
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
Disruptive technology, Papua New Guinea’s next wave of infrastructure and resources projects, and the rising influence of ESG on business are some of the topics to be covered by the upcoming 2024 Business Advantage PNG Investment Conference.
Government funds to cover debris removal and business recovery have this week started to flow to businesses affected by the January 10 riots in Port Moresby. With funds for actual rebuilding still to be finalised, we talk to business leaders about the longer term consequences.
Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
The Porgera gold mine is operating without restrictions, following the tragic Papua New Guinea landslide which hit nearby. Meanwhile, New Porgera Limited and other PNG businesses are contributing to relief efforts, reports Nadav Shemer Shlezinger.
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors.
PNG banks and businesses tell Business Advantage PNG of considerable variation in wait times for foreign exchange, as the country’s central bank acknowledges the economic damage caused. We look at the prospects for improvement.
More police, prosecutors and magistrates, including some brought in temporarily from other Commonwealth countries, are key components of law and order reforms being pursued by Papua New Guinea’s government, according to Deputy Prime Minister John Rosso.
Despite positive growth forecasts for PNG from key lenders, the Asian Development Bank and World Bank, there are warnings that energy reforms are urgently needed to improve economic prospects. We take a closer look at the numbers.