A new report indicates that most Papua New Guineans still consider house prices to be out of reach, although some believe this is an ideal time for buying.
News
As part of its effort to diversify the economy, the Government has shifted to subsidising fish processing in Papua New Guinea, rather than subsidising the catching of fish. It is one of the changes occurring in the industry. Three manufacturers talk about the changes and challenges PNG’s fish processing industry is facing.
Road safety is at the forefront of business minds in Papua New Guinea. Poor roads mean delays in the delivery of goods, damaged vehicles and fatal accidents. But Frank Lapi, Director and Master Trainer at Diamond Defensive Driving Academy, may have found a solution that suits businesses of every size.
Port Moresby Stock Exchange appoints a new board member, changes at Port Moresby General Hospital.
Data centres are gobbling up the world’s electricity, mine dumps to come clean, and growing interest in traceability. Readings from around the world on business, leadership and management.
ANZ releases a positive economic outlook for PNG, James Marape resigns as Finance Minister and the Boluminski Highway in New Ireland province is open. Your weekly digest of business news.
Boardroom briefing: new grant for Pacific journalism, forget about time management, and the new Apple credit card
The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.
New Chairman for Kumul Petroleum Holdings Limited, Nautilus names a new Managing Director, the National Gaming and Control Board reappoints CEO, Papua New Guinea Customs Chief Commissioner gets a five-year term.
The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG’s gas production, represents the second-largest foreign direct investment ever in the country.