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Economy/Investment

Port Moresby’s International investment conference set to grow further in 2013

23 Jan 2013 by
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

17 Dec 2012 by
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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Dates set for 2013 PNG Advantage Conference

17 Dec 2012 by
The Papua New Guinea Advantage 2013, PNG’s second annual international investment summit, will take place on 9 and 10 September 2013 at the Gateway Hotel, Port Moresby. Save the dates. The event will again be co-hosted by the Port Moresby Chamber of Commerce and Industry and Business Advantage International.
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PNG Investment Summit an ‘unqualified success’

22 Oct 2012 by Leave a Comment
The Papua New Guinea Advantage 2012, PNG’s inaugural international investment summit held on 10 and 11 September, was an unqualified success according to its organisers. Numbers at the event exceeded expectations, with over 300 delegates attending over two days to hear 35 expert speakers—including PNG’s Public Enterprises Minister Ben Micah, high profile business journalist Michael Pascoe and […]
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Papua New Guinea’s trade treaties

1 Sep 2012 by Leave a Comment
Papua New Guinea is party to a number of advantageous trade agreements that give its exports preferential access to markets all over the world. Here’s a brief summary. Papua New Guinea–European Union Economic Partnership Agreement (EPA) PNG signed an interim EPA with the EU in 2009, which was ratified by the EU in early 2011 […]
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Incentives for manufacturers

1 Sep 2012 by 1 Comment
The Papua New Guinea Government offers a number of incentives to help develop the local manufacturing sector. For example: Industrial plants not previously used in PNG are eligible for increased depreciation up to 100% of cost. The initial year accelerated depreciation allows faster writing down of the capital cost of certain new assets. Double-deduction for […]
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Managing the boom

3 Jun 2012 by Leave a Comment
Halfway through the building of its major liquefied natural gas project, Papua New Guinea finds itself in a strong fiscal position, but with some key challenges. After ten straight years of economic growth, culminating in an impressive 8.9% increase in GDP in 2011 (compared to a world average of 4%), Papua New Guinea’s economy is […]
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The PNG 100 CEO Survey 2012

1 May 2012 by Leave a Comment
Senior executives of Papua New Guinea’s largest businesses are predicting increased profits, investment and employment in 2012 in spite of major challenges, according to a major new survey. The PNG 100 CEO Survey, conducted by Business Advantage International between December 2011 and February 2012, asked the CEOs of PNG’s major companies across all sectors of the economy to answer […]
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PNG: overcoming the challenges

1 May 2012 by Leave a Comment
As Business Advantage’s PNG 100 CEO Survey reveals, leading companies are performing exceptionally in spite of facing an array of severe impediments. We take a closer look at some of the daily challenges faced by companies doing business in Papua New Guinea and find out how they are overcoming them. At the beginning of 2011, […]
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