Puma Energy is starting to show its colours in Papua New Guinea, with the rebranding of its first service station following the acquisition of InterOil’s downstream assets in PNG earlier this year. It’s part of a regional investment strategy, PNG General Manager Peter Diezmann tells Business Advantage PNG.
First Air Niugini, then PNG Power … then PNG Ports and the National Airports Corporation? The Papua New Guinea government is embarking on a grand plan to reinvigorate state-owned enterprises. But privatisation is not the only option to ensure SOEs function as viable entities.
Coffee is recognised as one of Papua New Guinea’s most important commodities. So it was only a matter of time before locally manufactured ‘Nespresso compatible’ coffee capsules entered the PNG market. Business Advantage PNG talks to Cool Stuf, the company behind PNG’s first locally manufactured coffee capsules.
There is enough gas capacity in PNG for at least three more LNG trains over the next five-to-seven years, according to Oil Search CEO, Peter Botten, who’s called for gas developers to co-operate and share facilities.
The partial privatisation of Air Niugini will be the first in a series of privatisations. Opening the 2014 Papua New Guinea Advantage Investment and Infrastructure Summit in Port Moresby this week, Prime Minister Peter O’Neill said removing government ownership will reduce waste, inefficiencies and corruption.
Last week’s eruption of the Tavurvur volcano at Rabaul has failed to daunt the spirits of tourists visiting the area, according to local tourism operator, Susie McGrade.
Businesses in Papua New Guinea want to be able to operate seamlessly in remote locations, and take advantage of the revolution in mobile services, says Pronto Software’s Steve Hillyard. Business Advantage PNG speaks with him about how PNG has become the software company’s second largest market.
The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.
By opening a high-end hotel and corporate function centre targeting business travellers, TST Group of Companies is taking advantage of the need for more of these facilities in Port Moresby.
After years of relationship building, the BRICS nations-Brazil, Russia, India, China and South Africa-are setting up their investment bank. It’s a milestone for this strange mix of economies, but offers Pacific nations access to investment capital, says BRICS expert, David Thomas.