At a time when private sector investment is stalling, the A$2 billion [K4.96 billion] Australian Infrastructure Financing Facility for the Pacific is ramping up and targeting projects that will help drive Papua New Guinea’s economy.
Industry sectors
Peter Graham, Chairman of Papua New Guinea’s state-owned mining company Kumul Minerals Holdings, talks extensively about its plans for the future.
Foreign direct investment into Papua New Guinea dropped in the first quarter of 2020, according to Investment Promotion Authority figures. Meanwhile, business expresses concern over proposed changes to PNG’s investment laws.
Invest In Me is the first crowdfunding platform developed by Papua New Guineans exclusively for Papua New Guineans.
Papua New Guinea’s coffee industry has failed to reach its full potential, but a new plan aims to fix that.
Papua New Guinea signed up to China’s Belt and Road initiative in 2018 but this is unlikely to result in significant investment, according to Dinny McMahon, author of China’s Great Wall of Debt.
Prime Minister James Marape and Barrick Gold have offered two competing visions for the reopening of the Porgera gold mine. With the mine closed and court cases ongoing, the latter is highlighting the impact on business and the community.
The timing of new tariffs affecting Papua New Guinea’s agriculture sector could not come at a worse time, according to the CEO of the country’s largest employer, New Britain Palm Oil.
In its latest step to maintain its position as operator of the Porgera gold mine, Barrick (Niugini) is taking its dispute with Papua New Guinea to the International Centre for Settlement of Investment Disputes.
Not even a pandemic could stop the new Gordons Plaza from opening. Brian Bell CEO Cameron McKellar talks to Business Advantage PNG about the challenges of launching in the times COVID-19.