For the last 18 months, leading Lae manufacturer K K Kingston has been consolidating and restructuring. CEO Michael Kingston talks to Business Advantage PNG about the company’s strategy, his optimism for the future, and the issues facing businesses in Papua New Guinea.
Travel times to medical centres in remote parts of Papua New Guinea have been cut from three weeks to as little as three hours as a result of health initiatives introduced by Digicel’s PNG Foundation. Business Advantage PNG spoke to Foundation CEO Beatrice Mahuru to find out how this has been achieved.
Ordinary Papua New Guineans will be able to apply to purchase at least some of 97 million shares in PNG-based financial services company Kina Securities. The company has just launched its prospectus, ahead of an expected listing on both the Port Moresby and Australian stock exchanges on 30 July.
Papua New Guinean tourism operators flew the flag in Australia last weekend at the South Pacific Tourism Exchange at Melbourne’s Convention and Exhibition Centre. Robert Upe reports visitor arrivals are expected to rise, due in part to cruise ships improving tourists’ perceptions of PNG.
An analysis of foreign workers coming to Papua New Guinea since 2000 indicates a chronic lack of skilled tradespeople, according to Lae-based business leaders. While skills training initiatives are under way, an expected surge in mining projects over the next few years highlights the urgency for more skilled workers.
Papua New Guinea’s Kina Group aims to list on the Australian Stock Exchange in late July—arguably the first PNG company to undertake such a move. Business Advantage PNG talks to Chief Executive Officer, Syd Yates, about what he sees as a ‘great opportunity’ for PNG.
Prime Minister Peter O’Neill says a planned ‘shake up’ of the Port Moresby Stock Exchange (POMSoX) will lead to more innovation and increased domestic and international investment.
Despite some positive developments for the mining sector in Papua New Guinea, the industry continues to face funding challenges for critical exploration activity, the PNG Chamber of Mines and Petroleum’s Greg Anderson tells Business Advantage PNG.
Last month, Agriculture Minister, Tommy Tomscoll, told rice companies to start investing and producing rice in country. But, as the CEO of the country’s dominant producer tells Business Advantage PNG, Trukai has already committed to invest tens of millions of kina in plantations.
A year after launching a producing fruit and vegetable operation serving the domestic market around Port Moresby, agricultural developer Innovative Agro Industry is looking at opportunities to export its Papua New Guinea produce to other countries in the Asia-Pacific region.