Latest news

Roy Trivedy says Supplementary Budget is essential but not enough, Telikom and bmobile merger approved, visas for SME workers on hold.

Papua New Guinea’s National Trade Policy has just been released. It calls for greater liberalisation of the domestic economy and enhanced efforts to improve market access for PNG’s exports. Business Advantage PNG looks into the detail.

While it is adapting to increased competition and quieter market conditions at home, PNG’s largest finance company, Credit Corporation, is not standing still. Chief Executive Tor Bowen tells Business Advantage PNG that the company will open its first South East Asian operation, in neighbouring Timor Leste.

Peter O’Neill has been returned for a second term as Prime Minister of Papua New Guinea by the country’s 10th National Parliament. In his first speech to Parliament, he flagged a continued focus on education, health and infrastructure.

Ocean freight and air freight services, both in and out of Papua New Guinea, will be required to ensure they are compliant with future emissions reductions requirements. Rensie Panda, Lead Climate Change Negotiator at the Climate Change & Development Authority, tells Business Advantage PNG what to expect.

We are really excited about the program we have put together for our first investment conference in two years, which includes two heavyweight keynote speakers plus an impressive cross-section of PNG and international business leaders.

Newcrest Mining reports drop in gold production, claims tourism can make strong contribution to Papua New Guinea economy and reports that foreign exchange shortage improving. Your weekly digest of the latest business news.

Oil prices have recovered and coffee and cocoa are both strong. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.

Vote counting in the Papua New Guinea general election is continuing, with the results yet to be announced. The final shape of the government will take time to emerge.

A survey of exporters in the Pacific Region has found that business confidence has increased. Although they are exporting to fewer countries the total number of exports has risen since 2014.