The creation of a one-stop shop US development bank will see a doubling of available infrastructure funding for Asia-Pacific projects, and is expected to boost the PNG Electrification Partnership. It comes as the US, Australia and Japan have unveiled the Blue Dot Network, an initiative designed to compete with China’s Belt and Road Initiative in the Pacific region.
Khafra Kambon, Commercial Director at Digicel Pacific, will be speaking at Innovation PNG 2019 in Port Moresby on 8 November. In this exclusive interview with Business Advantage PNG, he talks about connectivity challenges, infrastructure and Papua New Guinea’s digital future.
The global capital markets are concentrating on quality mining assets preferably close to production, according to a panel of experts at the International Mining and Resources Conference in Melbourne. They said that ‘frontier’ countries should be looking widely for capital, particularly in Asia. David James reports.
Papua New Guinea’s Pacific Industries has created the wildly popular homegrown soft drink GoGo Cola. Now, the company has won the rights to manufacture Pepsi products in PNG and is also set to expand into China. Kevin McQuillan reports.
Creating a world-class business in Papua New Guinea requires tenacity and creativity to overcome obstacles, according to Brian Kelly, founder and former CEO of security company Black Swan International. He describes how he developed his strategies as the business grew.
Oil and gas have performed strongly, and there is also an upward trend in metals prices. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Papua New Guinea’s Mineral Resource Authority has ordered the indefinite closure of Ramu Nickel processing plant operations after it failed to comply with 16 remedial measures issued following a slurry spill into Basamuk Bay on August 24.
Economists have cut forecasts for Papua New Guinea’s 2020 GDP growth but there is a consensus that the slowing will only prove to be temporary. David James explores three new views of PNG’s economy in 2020 and beyond.
On 8 November, hundreds of delegates from business, government and the education/training sector will arrive at the Stanley Hotel, Port Moresby, for Innovation PNG 2019, Papua New Guinea’s inaugural innovation conference. We preview what’s in store.
Papua New Guinea could be on the cusp of a sustained period of strong economic growth, and Fiji should be seeking closer economic ties, says Kishti Sen, International Economist for the ANZ Banking Group, in an exclusive interview with Business Advantage PNG.