The latest business news from Papua New Guinea and the region
Sixty per cent of households in Papua New Guinea are now using solar energy, compared with just two per cent seven years ago, according to a recent International Finance Corporation report. What’s driving this extraordinary growth? asks Kevin McQuillan.
Currently, the only way of bringing bulk agricultural produce out of Papua New Guinea’s fertile Highlands is down the Highlands Highway to the port city of Lae. A new study has identified a faster second route—through Gulf Province. Business Advantage PNG investigates.
Prime Minister Marape asks China to consider a Free Trade Agreement with Pacific island countries; Kumul Consolidated Holding reveals construction plans for Port Moresby, and an agreement has been reached to recommence the Carbon Trading Project in East Sepik Province. Your weekly digest of business news.
What the Mid-Year Economic and Fiscal Outlook reveals about Papua New Guinea’s international debt standing and foreign exchange markets.
Operations at Porgera mine will continue while the application for the Special Mining Lease is revised, concerns about the delay in the approval of the Ramu 2 project, and Wafi-Golpu still before court. Your weekly digest of business news.
Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.
In just two weeks’ time, senior executives from across the region will gather in Sydney for the 2019 Business Advantage Papua New Guinea Investment Conference. We preview what delegates can expect from the event.
A new study has shown that about 80 per cent of Papua New Guinea’s population has no clear form of identification. What does this mean for the country’s economy in the digital age? David James examines.
Oil, LNG and gas prices are weaker but precious metals are slightly up. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
The World Bank has released its latest half-yearly appraisal of Papua New Guinea’s economy. It confirms PNG’s economy contracted last year but predicts it will bounce back over the next three years, subject to some ‘rising uncertainties’.