Economy/Investment

Vodafone Bemobile to boost mobile phone competition

Mobile phone competition in Papua New Guinea and Solomon Islands is about to get tougher, after a deal which will see about US$250m (K550 million) in new funding for PNG’s second carrier, BeMobile, which will see it relaunched as Vodafone BeMobile.
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Economic update: our annual snapshot of Papua New Guinea’s economy

Papua New Guinea enters 2013 with a new government in place, a major gas project nearing completion and some ambitious development goals, reports Business Advantage PNG's Andrew Wilkins.
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The PNG 100 CEO Survey 2013

At a time when some are wondering if PNG’s boom is coming to an end, its largest companies still have an appetite for investment, according our exclusive annual survey. In last year’s edition of Business Advantage Papua New Guinea, we launched a unique survey for PNG: the PNG 100 CEO Survey. Designed to gauge business […]
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How will PNG’s and the Pacific’s economy fare in 2013?

Business Advantage PNG spoke with the region’s three most senior bankers to get their thoughts on the year ahead. ‘There will be some slowness in the year ahead based on global economic factors, but on the whole I’m reasonably positive,’ says ANZ’s CEO Pacific, Vishnu Mohan (pictured below). ‘I think the good news for the […]
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Port Moresby’s International investment conference set to grow further in 2013

Plans are already under way to make the 2013 Papua New Guinea Advantage Conference even bigger and better after the success of PNG’s first international investment summit last September. ‘Last year, we set out to create an investment summit of genuinely international standards for PNG,’ said David Conn, Chief Executive Officer of co-host the Port […]
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PNG and Fiji formalise closer business ties

If foreign investors have generally been wary of investing in Fiji since the 2006 coup, Papua New Guinea has been the exception. Most notably, in 2009, PNG’s Bank of South Pacific lived up to its name by acquiring Fiji’s Colonial Banking Group and has subsequently invested heavily to strengthen its local presence. A year earlier, […]
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