Tim Ayres, Assistant Minister for Trade in Albanese Labor Government, recently caught up with Business Advantage PNG to explain the growing nexus between Australia and Papua New Guinea, and what future opportunities it presents.
Features
Trade commissioners in overseas posts and a new online portal for exporters are among the measures being undertaken to try to increase Papua New Guinea’s international trade.
With its funding now legislated, we asked David Wereh, Secretary of the Department of Work and Highways in Papua New Guinea, what’s next for the ambitious 20-year Connect PNG road-building program.
In spite of softer market conditions, Coca-Cola Europacific Partners continues to invest in PNG committing K80 million to the construction of a new bottle manufacturing plant in Lae.
A commitment by TotalEnergies, operator of the Papua LNG Project, to provide the PNG government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will be awarded this month.
The Solomon Islands is on track to receive a major economic boost in the run up to the Pacific Games being hosted in the country in November and December this year.
PNGX-listed Steamships Trading Company, which owns businesses across logistics, property and hospitality, last year achieved impressive 12 per cent revenue growth. Business Advantage PNG recently caught up with its Managing Director Rupert Bray to learn about its ambitious plans to grow further.
In addition to the ongoing refresh of its inventory, recently appointed General Manager Robert O’Brien also plans to revitalise the dining experience for guests with some exciting new dining experiences planned for later this year.
There’s every likelihood that a takeover of Newcrest Mining by Newmont Corporation will be completed by the end of this year. But how will this affect Newcrest’s Papua New Guinea-based assets – the Lihir gold mine and the Wafi-Golpu project?
CEO Danny Robinson walks Business Advantage PNG through plans to become a niche commercial bank after the [bank] regulator recently fast-tracked the finance company’s application for a full banking licence in Papua New Guinea.