Managing Director of manufacturing and construction company Rhodes, Emanuel Papas, tells Business Advantage PNG that operating a business in Papua New Guinea requires a distinct set of managerial skills. He lists seven things his business has done to ensure success.
Vertical integration is the key to growth in Papua New Guinea, according to Hornibrook NGI Managing Director Matthew Lewis. He tells Business Advantage PNG the steel fabrication and construction company is leveraging its in-house capacity to diversify into property and hospitality.
Hausples.com.pg has released its Real Estate Survey 2018, which shows that the biggest challenge for the market is supply side factors such as land titles, infrastructure and private sector investment. But it says these issues ‘are slowly being addressed’ and that there is ‘unequivocal market demand for housing at various price points.
House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.
Home building in Papua New Guinea is set to accelerate sharply, according to Matthew Care, Chief Executive and founder of the real estate website Hausples.com.pg, which has an expo in Port Moresby this weekend. He tells Business Advantage PNG that the growth is being driven by pent-up demand.
Papua New Guinea businesses should expect income streams from October, 2017, as momentum builds towards the APEC summit in November, next year. The Director-General of the PNG APEC Authority, Sir Charles Lepani, told the Business Advantage Investment Summit in Sydney, towns outside Port Moresby will also benefit.
The Chief Executive and Founder of real estate portal Hausples, Matthew Care, explains to Business Advantage PNG that the company is set to take advantage of higher rates of internet usage in Papua New Guinea. He expects rates of urbanisation to increase.
Work on the ‘most critical’ 90-kilometre section of the Highlands Highway will begin later this year, under an ambitious 10-year repair and maintenance program, funded by the Asian Development Bank. Works Secretary David Wereh tells Business Advantage PNG, he is already looking to use the funding model to ‘fix’ 16 High Priority roads in other parts of the country.
What are the signs of economic recovery in Papua New Guinea that business leaders should look out for? In the first of a two part series, Business Advantage PNG asks some experienced business leaders what indicators they regard as significant and whether what they are seeing is positive.
Rhodes is a pre-fabricated buildings company focused on the Papua New Guinea market that has support operations in Australia, the Philippines and China. Managing Director Emanuel Papas outlines the strategy to Business Advantage PNG.