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In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories

31 Aug 2016 by Business Advantage PNG Leave a Comment

Trade Minister Maru says he will recommend the government abandon its proposed rice policy, Bougainville landowners want government to hold its BCL shares, and Fiji says there are no bans on PNG imports. Your weekly digest of the latest business news.
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Air Niugini tells Cairns business it will increase capacity on Cairns-Port Moresby after Qantas withdraws

31 Aug 2016 by Kevin McQuillan 1 Comment

Air Niugini has assured Cairns businesspeople that it will continue to cater to the business and tourism community, after Qantas confirmed that it will no longer fly the Cairns-Port Moresby route, according to Cairns business leader, Kevin Byrne.
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Top bankers set the record straight on Papua New Guinea’s foreign exchange shortage

31 Aug 2016 by David James 2 Comments

Papua New Guinea’s top two bankers, Loi Bakani, Governor of the Bank of Papua New Guinea and Robin Fleming, Chief Executive of Bank South Pacific, have asserted that the kina is not ‘controlled’. The shortage of foreign exchange is rather due to supply demand imbalances—but there is light at the end of the tunnel.
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New business show on Papua New Guinea television

24 Aug 2016 by David James 1 Comment

A new-format television program about business in Papua New Guinea will commence airing next week on national broadcaster EMTV.
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What is stopping Papua New Guinea’s Panguna mine from re-opening?

24 Aug 2016 by Kevin McQuillan Leave a Comment

The government of Bougainville wants to put the operation of the giant Panguna copper mine out to international tender as soon as possible, President John Momis tells Business Advantage PNG. But key considerations, including the exploration licence, the equity structure, landowner rights and dividends and the rehabilitation of the mine must be decided first.
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Training of PNG’s LNG technicians steps up

17 Aug 2016 by Sarah Byrne 13 Comments

In a bid to promote skills formation in Papua New Guinea’s LNG sector Kumul Petroleum Academy, trading as South Pacific Employment Institute (SPEI), has signed a K9 million technician development agreement with ExxonMobil PNG.
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Business Advantage’s 2017 Papua New Guinea Investment Conference

17 Aug 2016 by Business Advantage PNG Leave a Comment

Business Advantage International has announced the date for its next major PNG investment conference. The Business Advantage Papua New Guinea Investment Summit will be staged in Sydney in September 2017. ‘Our 2017 PNG Investment Conference will be an energetic re-boot of the investment conference format, aimed at connecting PNG businesses with international partners, and showcasing PNG as a favourable business […]
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Wantok Clothing: the Papua New Guinea-owned company that made the Olympic uniforms

15 Aug 2016 by David James 1 Comment

For the first time the uniforms of Papua New Guinea’s Olympic athletes have been fully made locally by a PNG-owned company. That company is Wantok Clothing and founder Genevieve Igara tells Business Advantage PNG that it has shown what is possible.
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St Barbara set on further exploration in Papua New Guinea, says MD

10 Aug 2016 by Sarah Byrne Leave a Comment

St Barbara recently announced that gold production from its Simberi mine in New Ireland rose by 39 per cent in the year to June: exceeding 'the upper end of guidance.' Managing Director Bob Vassie tells Business Advantage PNG that the company is looking to explore more in Papua New Guinea.
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InterOil shareholders still to decide on takeover by ExxonMobil

3 Aug 2016 by David James 1 Comment

The board of InterOil has accepted that the ExxonMobil bid is 'superior' to the bid by Oil Search. But the deal will not be completely finalised until a proposed shareholders' meeting in September. And there are some legal obstacles that have to be dealt with.
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

In brief: Trade Minister says Papua New Guinea will break global trade laws with proposed rice plan, and other business stories

Air Niugini tells Cairns business it will increase capacity on Cairns-Port Moresby after Qantas withdraws

Top bankers set the record straight on Papua New Guinea’s foreign exchange shortage

New business show on Papua New Guinea television

What is stopping Papua New Guinea’s Panguna mine from re-opening?

Training of PNG’s LNG technicians steps up

Business Advantage’s 2017 Papua New Guinea Investment Conference

Wantok Clothing: the Papua New Guinea-owned company that made the Olympic uniforms

St Barbara set on further exploration in Papua New Guinea, says MD

InterOil shareholders still to decide on takeover by ExxonMobil

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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