PNGX, Papua New Guinea’s renamed stock exchange, has announced proposals to establish trade in government and private debt. It may lead to a significant deepening of the PNG financial system. David James reports.
Latest news
The latest business news from Papua New Guinea and the region
Papua New Guinea’s stock exchange changes its name, Oil Search signs MoU to help sustainable agriculture, and PNG Power reviews financial reporting. Your weekly digest of business news.
The A$2 billion Australian Infrastructure Financing Facility for the Pacific aims to significantly boost Australia’s support for commercial infrastructure development in Papua New Guinea and Timor‑Leste. David James takes a closer look.
The World Bank and the Papua New Guinea Business Council seem to agree on the areas that need strengthening to help Papua New Guinea’s economy thrive. The difference, however, is that one of them also includes the creative industries. David James compares both lists and analyses what they mean for the country and its future.
PNG Air, PNG’s second domestic airline, is about to commence a new codesharing agreement with Virgin Australia. CEO Paul Abbot updates Business Advantage PNGon the agreement and the airline’s plans for the future.
Papua New Guinea’s Immigration and Citizenship Authority has developed a new online visa system and has changed the rules for business visitors to the country. Here’s why the changes were made and what business travellers to PNG can do to avoid delays.
Fiji-based Amalgamated Telecom Holdings has claimed it has struck a deal to acquire 70 per cent shareholding in each of Digitec Group, which operates in Papua New Guinea, Singapore and Australia. Analysts say the Fijian company could seek a partnership with an existing mobile operator in PNG.
Oil and LNG have remained steady but the gold price rises and coffee is up. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Prime Minister James Marape told the 2nd Speaker’s Investment Summit in Port Moresby last week that the government would move quickly address ‘misunderstandings’ about the US$10 billion Papua LNG project.
Prime Minister James Marape has announced the names of his new Vice-Ministers, Air Niugini to take up the Cairns-Hong Kong route via Port Moresby and SP Brewery opens a cassava plant. Your weekly digest of business news.