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Papua New Guinea’s banks face high economic risks, reflecting debt and resource reliance, says ratings agency, S&P Global

16 May 2017 by Leave a Comment
The economic risks faced by the three main commercial banks in Papua New Guinea are very high, says ratings agency S&P Global Ratings. But Associate Director Andrew Mayes tells Business Advantage PNG, credit risk is ‘well-managed’.
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Policy flexibility needed for maturing mining industry says Nautilus Minerals CEO

15 May 2017 by Leave a Comment
Mineral deposits are becoming increasingly difficult to develop and the mining industry is looking to the Papua New Guinean Government to deliver flexible policies that will benefit a maturing industry, Nautilus Minerals Chief Executive Officer, Mike Johnston tells Business Advantage PNG.
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The PNG 100 CEO Survey 2017: Papua New Guinea’s chief executives growing in confidence

10 May 2017 by Leave a Comment
Business Advantage International’s PNG 100 CEO Survey of chief executives in Papua New Guinea’s biggest companies has found that many business leaders fell short of their profit expectations in 2016. But the mood remains cautiously optimistic.
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In brief: PanAust revises up its estimate of the Frieda River project, and other business news

9 May 2017 by 1 Comment
Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.
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In Brief: More than 3000 candidates vie for parliament, and other business stories

3 May 2017 by Leave a Comment
Over three thousand nominate for 2017 national elections, the moratorium on mining exploration in Bougainville is lifted, and cocoa farmers receive grants. Your weekly digest of the latest business news.
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IPA signals crack down on foreign ownership rorts in Papua New Guinea

2 May 2017 by 1 Comment
Concerns have arisen about the foreign ownership test in Papua New Guinea after the Investment Promotion Authority (IPA) published advertisements indicating it will be taking a close look at what is happening. Observers see it as a sign of a tougher stance from the regulator.
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Investment Conference to focus on infrastructure, regions and innovation in Papua New Guinea

26 Apr 2017 by Leave a Comment
The provisional program for the 2017 Papua New Guinea Investment Conference has been released, highlighting business opportunities across PNG’s economy. The conference will be organised by the publisher of www.businessadvantagepng.com, and will be held at the Shangri-La Hotel in Sydney, Australia, on 7 and 8 September.
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In Brief: Election campaign period to last eight weeks, and other business stories

26 Apr 2017 by Leave a Comment
Electoral Commissioner says campaign period will last eight weeks, Ombudsman suspends release of development funds until after the election and cocoa production back to average levels before borer struck. Your weekly digest of the latest business news.
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Five questions for: Edwini Kessie, Pacer Plus Chief Trade Adviser

24 Apr 2017 by Leave a Comment
The long-awaited Pacer-Plus Pacific trade agreement is expected to be signed in early June, after the 14 Pacific countries concluded their talks in Brisbane last week. But Papua New Guinea and Fiji have said they will not participate. Business Advantage PNG asked World Trade Organisation negotiator, Edwini Kessie, what PNG is missing out on.
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