The gas price has increased over the last month, but the oil price has weakened. Cocoa and coffee prices are also down. Business Advantage PNG’s monthly overview of commodity and financial markets.
Industry sectors
Six Papua New Guinean companies discuss the benefits of superannuation contributions and share with Business Advantage PNG why it can help companies reduce attendance problems and increase loyalty through super.
The mining industry needs government help to solve an exploration crisis, according to industry representatives. But government bodies are saying there needs to be a better sharing of the rewards in the national interest. Business Advantage PNG looks at the contrasting views of the industry and the state.
A brand-new factory in the Highlands has begun processing locally grown potatoes. This is part of an ambitious import substitution plan that could provide thousands of jobs, cut the price of frozen foods and save valuable foreign currency.
Sixty per cent of households in Papua New Guinea are now using solar energy, compared with just two per cent seven years ago, according to a recent International Finance Corporation report. What’s driving this extraordinary growth? asks Kevin McQuillan.
Mayur Resources, a diversified mineral exploration and energy company, continues to pursue three very different projects in Papua New Guinea. In this exclusive interview, Managing Director Paul Mulder outlines the company’s progress.
Currently, the only way of bringing bulk agricultural produce out of Papua New Guinea’s fertile Highlands is down the Highlands Highway to the port city of Lae. A new study has identified a faster second route—through Gulf Province. Business Advantage PNG investigates.
Prime Minister James Marape has said that he doesn’t want Papua New Guinea to be known as an oil and gas county and has outlined his aim is to make PNG the ‘food basket of Asia.’ What opportunities does this create for business?
Papua New Guinea’s Petroleum Minister Kerenga Kua has announced that the National Executive Council (PNG’s cabinet) has ‘in principle’ agreed to ‘stand behind’ the gas agreement signed in April for the US$10 billion (K33.7 billion) Total-led Papua LNG project.
The diversified iPi Group has grown up from its origins as a provider of services to the Porgera gold mine in Papua New Guinea. Chief Executive Officer Scott O’Reilly outlines his strategy to overcome tighter trading conditions to Business Advantage PNG.