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Analysis: lingering questions for 2016 Papua New Guinea budget, APEC and public debt

10 Feb 2016 by Jonathan Pryke Leave a Comment

The 2016 Budget was one of emergency for PNG. Adjusting to a 20% collapse in revenue caused by plummeting commodity prices and an economic slow-down, the government has implemented harsh expenditure cuts.The Lowy Institute's Jonathan Pryke examines the budgetary impact of holding the APEC summit in Port Moresby in 2018.
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PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences

10 Feb 2016 by Business Advantage PNG Leave a Comment

Work on Lae's Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.
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Project to revive Papua New Guinea’s lucrative beche-de-mer export industry begins at new mariculture centre in Kavieng

10 Feb 2016 by Business Advantage PNG 74 Comments

A four-year A$ 1.7 million (K3.6 million) project has begun to map out how to revive Papua New Guinea’s dormant sea cucumber industry.
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Artisan chocolate maker chooses Papua New Guinea cacao

3 Feb 2016 by Business Advantage PNG Leave a Comment

Some of the world’s best cacao is growing in Papua New Guinea and is being increasingly used in the high-end global chocolate market. Susan Gough Henly reports on why one Australian chocolate maker uses only PNG beans.
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Oil Search reviewing costs as prices fall, but Botten says Papua New Guinea gas projects will be prioritised

3 Feb 2016 by Business Advantage PNG Leave a Comment

Declining oil prices have prompted a review of Oil Search’s activities, even as production hit record levels in 2015. Nevertheless, Papua New Guinea's largest company says it is generating positive cash-flows and will be making a priority of future investment in the PNG LNG and Papua LNG gas projects.
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‘Worst period may be over’ in Papua New Guinea, says bank report

3 Feb 2016 by Business Advantage PNG Leave a Comment

In spite of a 'challenging' 2015 and tough market conditions, the latest Bank South Pacific analysis suggests that the 'worst period may be over' in Papua New Guinea. However, it is cautious about the prospects for the government's planned US$1 billion 'circuit breaker' sovereign bond issue.
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Easing of rise in US dollar will offer respite to Pacific economies, says ANZ

27 Jan 2016 by Business Advantage PNG

The current rise in the US dollar is likely to flatten in 2016, offering respite to Pacific curencies, according to ANZ economists, Glenn Maguire and Eugin Lee.
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Papua New Guinea lenders welcome registry of personal assets

27 Jan 2016 by Business Advantage PNG 1 Comment

The creation of a registry of personal assets to be used as loan security will boost the small business sector, according to Moses Liu, the Managing Director of the National Development Bank.
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A beautiful culture misrepresented: discover the real Kokoda

27 Jan 2016 by Business Advantage PNG 2 Comments

Claims by the international media, and one outlet in particular, about the conditions and communities along the Kokoda Track have threatened the reputation of the tourism and trekking industry in PNG, writes Genevieve Nelson, the CEO of the Kokoda Track Foundation. An alleged incident on the Kokoda Track earlier this month is being investigated by PNG […]
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Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference
With tariffs, military conflict and geopolitics at play, it’s already been an extraordinary year for the global economy. Business Advantage PNG speaks with eminent economist Chris Richardson, who will be keynote speaker at this year’s Papua New Guinea Investment Conference in August, for his views on what it all means for business. BAPNG: As an […]
From the desk of the Innovation PNG Conference Program Director
Papua New Guinea can become an innovation nation. Innovation, simply put, is the solving of problems by using new ideas, methods and tools. PNG has a great example from its own history. Some 9000 years ago in the Waghi Valley, near what is now Mt Hagen, people first decided to drain and divert water in […]
“Business Advantage Fiji” to showcase Fiji’s economy
A new international publication aimed at promoting Fiji as a business and investment destination will be published in mid-2025. Business Advantage Fiji, the latest in a respected series of international guides to Asia-Pacific economies, will be published in July 2025 by leading regional business media company, Business Advantage International. Written by professional business journalists, the […]

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Analysis: lingering questions for 2016 Papua New Guinea budget, APEC and public debt

PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences

Project to revive Papua New Guinea’s lucrative beche-de-mer export industry begins at new mariculture centre in Kavieng

Artisan chocolate maker chooses Papua New Guinea cacao

Oil Search reviewing costs as prices fall, but Botten says Papua New Guinea gas projects will be prioritised

‘Worst period may be over’ in Papua New Guinea, says bank report

Easing of rise in US dollar will offer respite to Pacific economies, says ANZ

Papua New Guinea lenders welcome registry of personal assets

A beautiful culture misrepresented: discover the real Kokoda

What’s on the agenda for Papua New Guinea business in 2016?

Editor’s picks

Five questions with economist Chris Richardson, keynote speaker at the 2025 PNG Investment Conference

Economic update: Will 2025 be Papua New Guinea’s golden year?

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

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