Papua New Guinea’s national oil and gas company plan to increase household electrification and encourage growth in remote locations. Its Managing Director, Wapu Sonk, has revealed the company plans to diversify and focus on more downstream activities in order to maintain revenues.
Digitisation and automation of the shipping sector will have a big impact on bringing industry in Papua New Guinea into the 21st century, Swire Shipping Country Manager Alistair Skingley tells Business Advantage PNG.
A new report indicates that most Papua New Guineans still consider house prices to be out of reach, although some believe this is an ideal time for buying.
As part of its effort to diversify the economy, the Government has shifted to subsidising fish processing in Papua New Guinea, rather than subsidising the catching of fish. It is one of the changes occurring in the industry. Three manufacturers talk about the changes and challenges PNG’s fish processing industry is facing.
Road safety is at the forefront of business minds in Papua New Guinea. Poor roads mean delays in the delivery of goods, damaged vehicles and fatal accidents. But Frank Lapi, Director and Master Trainer at Diamond Defensive Driving Academy, may have found a solution that suits businesses of every size.
Three quarters of Papua New Guinea’s population is excluded from the financial sector, but there are differing thoughts about how to include them. David James looks at some of the options being proposed for PNG and notes the mobile phone is the key to all of them.
Papua New Guinea is on the verge of stronger growth after a number of quiet years. Michael Kingston, Chief Executive of diversified manufacturer K K Kingston, shares with Business Advantage PNG the lessons he learned from the country’s last boom.
Security firms are becoming more sophisticated in how they deter, monitor and apprehend individuals committing crimes, according to Laine Kidner, Chief Executive of consultancy Connected South Pacific. He also tells Business Advantage PNG that it’s important for businesses to understand why crime occurs in Papua New Guinea.
Undersea fibreoptic cables are set to revolutionise internet connectivity in Papua New Guinea and the responsibility for that infrastructure locally falls to PNG DataCo. Managing Director Paul Komboi updates Business Advantage PNG on the Kumul Submarine Cable Network, and outlines the state-owned telco’s long-term strategy.
The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG’s gas production, represents the second-largest foreign direct investment ever in the country.