Papua New Guinea was the first Pacific country to sign up to China’s Belt and Road Initiative, an infrastructure development program across Eurasia. David James considers some of the implications identified by analysts.
Features
Gender inequality is not just a social issue in Papua New Guinea; it is a business issue. Gabriella Munoz explores what businesses and can and are doing to make a difference.
Things are looking up for Papua New Guinea’s manufacturing sector and moves are afoot to develop strategies to foster local companies. David James profiles the sector.
Papua New Guinea’s construction industry continues to face challenges, says Frank McQuoid, Chairman of manufacturer Steel Industries. But others say it is on the edge of a boom that will extend beyond the resource sector. David James examines both sides of the story.
A team of researchers have discovered evidence of trade between Papua New Guinea and Australia over 2,500 years prior to colonisation. Their findings will help unravel the forgotten shared history of PNG and Indigenous Australia across the Torres Strait.
The Total-led Papua LNG project looks set to enter its Front End Engineering Design (FEED) phase. It’s a good sign: according to the ANZ’s PNG Economic Outlook, 97 per cent of the gas projects that enter into FEED have a positive final investment decision. David James explores.
After receiving its banking licence five years ago, Women’s Micro Bank expects to deliver its first dividend in 2020. General Manger, Gunanidhi Das, tells Business Advantage PNG, the bank now has 27,000 customers, and aims to have 30,000 next year.
As the Ok Tedi gold and copper mine nears the end of its current mine life, the Ok Tedi Development Foundation has launched a five-year plan to create economic self-reliance for the people of Western Province. Kevin McQuillan reports.
Papua New Guinea manufacturer Vitis Industries has expanded into spirits, brewing and coffee production as it seeks to convert locally-grown crops into consumer products. General Manager, Sergey Mosin shares some of his plans for 2019 with Business Advantage PNG.
Papua New Guinea’s national oil and gas company plan to increase household electrification and encourage growth in remote locations. Its Managing Director, Wapu Sonk, has revealed the company plans to diversify and focus on more downstream activities in order to maintain revenues.