It has been a patchy month for energy prices and precious metals, while agricultural prices have been sharply weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Industry sectors
Syd Yates, Chief Executive of Kina Securities, has announced that he will relinquish the role next month after 20 years with the company, with Westpac’s Greg Pawson joining the company. Yates tells Business Advantage PNG he believes it is time for new blood.
Since 2014, Puma Energy has been Papua New Guinea’s major refiner and retailer of petroleum products. Its also part of a global energy operation that spans 47 countries. Jim Collings, Country General Manager, explains some of the challenges of supplying a country which is still heavily reliant on diesel fuel.
Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia’s LNG industry.
Work on the ‘most critical’ 90-kilometre section of the Highlands Highway will begin later this year, under an ambitious 10-year repair and maintenance program, funded by the Asian Development Bank. Works Secretary David Wereh tells Business Advantage PNG, he is already looking to use the funding model to ‘fix’ 16 High Priority roads in other parts of the country.
What do business leaders look for as signs of recovery in Papua New Guinea’s economy? In the second of a two-part series, Business Advantage PNG gets views from senior executives in finance, manufacturing and agribusiness.
Steve Woodhouse, Regional Manager NGI at Farmset and host of EMTV’s Farming PNG program, tells Business Advantage PNG that Papua New Guinea’s farmers are innovative and quick to learn. In the second of a two-part interview, he says it is essential to encourage more ‘movers and shakers’ to get involved in agriculture.
What are the signs of economic recovery in Papua New Guinea that business leaders should look out for? In the first of a two part series, Business Advantage PNG asks some experienced business leaders what indicators they regard as significant and whether what they are seeing is positive.
Bank South Pacific, Papua New Guinea’s biggest bank, has made ts 2017 AGM shareholder presentation. Analysts say it indicates the bank is travelling strongly, but does face some risks.
Cocoa is Papua New Guinea’s third-largest agricultural export. The inaugural Cocoa of Excellence show held recently in Kokopo focused on improving the quality of cocoa production to better meet international market requirements.