Industry sectors

Newcrest Mining posts record profit

23 Aug 2021 by Business Advantage PNG Leave a Comment

Papua New Guinea's largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.
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Welcome to Jungle: Papua New Guinea’s online market scene expands

18 Aug 2021 by Gabriella Munoz 4 Comments

This year, Papua New Guinea saw the launch of Jungle, an online market place for businesses of all sizes. Jungle's co-founders share with Business Advantage PNG the challenges they've overcome and their views on the future of online retailing in PNG.
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Oil and gas: a risky business [opinion]

17 Aug 2021 by Ian Thom 1 Comment

How can investors evaluate the changing oil and gas risk landscape? And what does it mean for valuations? Ian Thom, Director, Middle East Upstream Research, Wood Mackenzie, explains.
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Kina Bank presents its vision for Westpac to Papua New Guinea’s regulator

16 Aug 2021 by Business Advantage PNG 1 Comment

If Kina Bank's acquisition of Westpac's Pacific operation proceeds, it will be rebranded East West Commercial Bank, a stand-alone 'Pan-Pacific' bank to compete against its new parent. That's according to a presentation made by Kina last week as it tries to convince Papua New Guinea's Independent Consumer and Competition Commission of the deal's merits.
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Revised Pasca A agreement a ‘setback to investor confidence,’ says Twinza Oil

11 Aug 2021 by Business Advantage PNG 3 Comments

The progress of Twinza Oil's US$2.4 billion (K8.42 billion) Pasca A offshore gas project in Papua New Guinea has again stalled, following a draft gas agreement from the government which the developer claims 'bears no resemblance' to the terms it agreed last month.
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Papua New Guinea’s Digital Government Bill to herald in major e-government reforms

4 Aug 2021 by Business Advantage PNG 1 Comment

With the Digital Government Bill scheduled to be presented to Papua New Guinea's Parliament this month, Steven Matainaho, Secretary of Department of Information and Communication Technology, provides a glimpse of what eGovernment in PNG could look like.
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Santos and Oil Search agree terms for merger: what’s next?

2 Aug 2021 by Business Advantage PNG 3 Comments

The merger of two of the major players in Papua New Guinea's oil and gas sector has taken a major step forward, with Santos and Oil Search agreeing terms. What would it mean for PNG?
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ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

27 Jul 2021 by Business Advantage PNG Leave a Comment

In an interim determination, Papua New Guinea's Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac's remaining assets in the Pacific.
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Papua New Guinea still a land of opportunity for manufacturers

27 Jul 2021 by David James 1 Comment

What does Papua New Guinea need to do to add more value to its produce? Chey Scovell, CEO of PNG's Manufacturers Council has told a Business Advantage PNG briefing that the country is already doing better than many think, and that a 'holistic' approach is needed to boost the manufacturing sector further.
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Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?

21 Jul 2021 by Andrew Wilkins 1 Comment

Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea's largest telco. Meanwhile, gas company Santos has been pursuing PNG's largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
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From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]
Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]

Industry sectors

Newcrest Mining posts record profit

Welcome to Jungle: Papua New Guinea’s online market scene expands

Oil and gas: a risky business [opinion]

Kina Bank presents its vision for Westpac to Papua New Guinea’s regulator

Revised Pasca A agreement a ‘setback to investor confidence,’ says Twinza Oil

Papua New Guinea’s Digital Government Bill to herald in major e-government reforms

Santos and Oil Search agree terms for merger: what’s next?

ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

Papua New Guinea still a land of opportunity for manufacturers

Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?

Editor’s picks

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

Report from the 2024 Papua New Guinea Investment Conference

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