Work has begun on Kumul Petroleum Holdings Ltd’s US$100 million steel fabrication plant just north-west of Port Moresby. In an exclusive interview, Kumul Petroleum MD Wapu Sonk outlines how the facility will boost PNG manufacturing, and anchor a new Special Economic Zone in the Caution Bay area.
A final investment decision on the Papua LNG project remains on the agenda for this year. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG through the milestones ahead for the US$10 billion-plus gas project.
Smallholder farms are the key to success for Papua New Guinea coffee producer, Kongo Coffee. Paul Chai reports.
Chairman of the Bank of PNG, David Toua, talks exclusively about reforms to the central bank, the foreign exchange situation, interest rates and the phasing out of bank cheques.
Digizen ID, a new digital identification card developed specifically for PNG, could be a “game changer” for the vast majority of citizens who are locked out of financial services due to a lack of formal identification.
GoFood PNG started its food delivery service in 2016 with a single car and a website. After explosive growth during the COVID-19 emergency, it’s now preparing to expand into new markets, including Lae and Mount Hagen.
The Porgera gold mine in Papua New Guinea’s Enga Province will officially restart on 22 December, according to the Managing Director of Kumul Minerals Holdings, Sarimu Kanu, who is also Chairman of New Porgera Limited, the new operator of the mine.
The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.
In this exclusive interview, Credit Corporation’s CEO Danny Robinson updates Business Advantage PNG on its progress towards acquiring a full banking license and outlines what kind of bank it will be.
Why has manufacturing in Papua New Guinea picked up in recent years? Business Advantage PNG speaks with Murray Woo, Chairman of the Manufacturers Council of PNG, to find out, and learn more about the challenges still facing the sector.