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The latest business news from Papua New Guinea and the region
Papua New Guinea’s LNG exports will more than double over the next 10 years, as a result of the planned expansion works, according to Fitch Solutions’ Senior Country Risk Analyst, Raphael Mok. But, he tells Business Advantage PNG, the government must address landowners’ backlash against royalty payments.
Papua New Guinea has opportunities in the emerging methods of capturing carbon, climate change expert Professor Tim Flannery told the Business Advantage Papua New Guinea Investment Conference in Brisbane. He pointed to forests, soil, marine and biomass as potential commercial areas.
Mooted public holidays during APEC, Budget support loans from the ADB and World Bank coming, and a new focus on monetising the okari nut. Your weekly digest of the latest business news.
The Papua New Guinea economy is set to grow steadily, according to Edward Faber, Country Economist for the Asian Development Bank (ADB). He told the Business Advantage PNG Investment Conference in Brisbane that the fate of the economy heavily depends on export prices.
The Prime Minister, Peter O’Neill, speaking at Business Advantage Papua New Guinea Investment Conference in Brisbane, said the mid-year assessment of the economy was better than anticipated. He said the growing investment interest in the Pacific from China, Australia and the United States is ‘healthy’.
All eyes will be on Brisbane August 6 and 7, when Papua New Guinea presents its investment credentials to an audience of domestic and international investors. We preview the 2018 Business Advantage Papua New Guinea Investment Conference.
Improvements in Papua New Guinea’s mobile infrastructure has seen rapid recent growth in subscribers to mobile broadband, according to telecommunications researchers BuddeComm. But low incomes, terrain, and lack of electricity are hindering greater access more quickly.
Galip nut industry taking off, Horizon Oil reports strong quarter, and two online marketplaces launched. Your weekly digest of the latest business news.
The recovery by CPL Group from a devastating fire has been one of the more remarkable come backs in Papua New Guinean business. But Chief Executive Mahesh Patel tells Business Advantage PNG that there is still a long way to go.