The Pacific’s three biggest banks: Bank South Pacific, ANZ and Westpac have distinct approaches to the Pacific region. Their top executives outline their strategies to Business Advantage PNG
Industry sectors
Demand for housing in Papua New Guinea is strong but there is a shortage of supply, according to the latest survey by Hausples, a Port Moresby-based real estate technology company.
Cross-industry collaboration and help from the Papua New Guinea government are required to get the most out of the gas in Western Province, David Lester, Chief Office Representative for Repsol PNG tells Business Advantage PNG.
It has been a bad month for most commodity prices, but not precious metals. The weakness in Liquefied Natural Gas (LNG) prices has continued, with the price falling sharply over the last month. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
The emerging middle class in Papua New Guinea is looking for better housing says Matthew Lewis, Managing Director of Hornibrook NGI. He tells Business Advantage PNG that the steel fabrication and building company sees great opportunity in the housing sector, despite currently difficult economic conditions.
Papua New Guinea is taking a multi-pronged approach to its energy provision. Business Advantage PNG takes a look at the nation’s approach to meeting its power needs.
Bank South Pacific purchased the National Bank of the Solomon Islands 10 years ago this year. David Anderson, BSP’s country manager in the Solomon Islands, shares a 2017 overview of the country’s economy with Business Advantage PNG.
Monier is Papua New Guinea’s largest producer of construction and building materials. In PNG’s demanding environment, a focus on quality has been key to its success.
IT analysts and industry insiders tell Business Advantage PNG that the Papua New Guinea Government’s decision to merge bmobile and PNG DataCo under a Telikom PNG renamed Kumul Telikom is likely to increase competition and innovation. But the move will not be without challenges.
The operator of the second Papua New Guinea LNG project says overcoming technical and environmental issues will determine if Total joins the existing PNG LNG trains. Managing Director, Philippe Blanchard, says a decision will be made within the next 5-6 months.