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2016 will bring pressure on Papua New Guinea government finances and currency, says Asian Development Bank

2 Dec 2015 by Leave a Comment
Papua New Guinea will find itself in a tight fiscal situation in 2016, according to the latest analysis by the Asian Development Bank's economists. While more efficient public spending could yield large savings, they suggest more may need to be done to arrest the downward pressure on the currency.
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Prime Minister O’Neill challenges Papua New Guinea male leaders to play their part in eliminating domestic violence

2 Dec 2015 by Leave a Comment
The level of domestic in Papua New Guinea is ‘’simply unacceptable, it is a shame on our communities and it is a shame on our nation’, according to Prime Minister, Peter O’Neill. In a speech marking White Ribbon Day, Peter O’Neill called on leaders in business, communities, and the professions to take a lead in eliminating domestic violence. The following is an edited extract of his speech.
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Papua New Guinea business sees light at the end of the tunnel

25 Nov 2015 by Leave a Comment
In spite of the talk about an economic slowdown in 2016, Papua New Guinea’s capital, Port Moresby, is a city where plenty is still happening as 2015 comes to a close. Business Advantage International’s Andrew Wilkins reflects on recent discussions with Papua New Guinea business leaders.
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Your human resources department is the key to achieving your company’s strategic aims

25 Nov 2015 by 1 Comment
A company's Human Resources division can play a critical role in a firm’s strategic planning. Its knowledge of a workforce's skills and its role in establishing a company's values and culture can make a major contribution to a company's bottom line, says Dean Kuri of Lae’s Bonn HR Consulting.
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Papua New Guinea’s long-awaited Pacific Marine Industrial Zone launched

25 Nov 2015 by 2 Comments
Eleven years after the Papua New Guinea government's National Executive Council approved the scheme, the Pacific Marine Industrial Zone (PMIZ) in Madang Province has finally been launched, with local business leaders saying it will reduce freight costs, speed up transport and reduce congestion at Lae’s wharves.
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Papua New Guinea mining and petroleum conference to emphasise need for stability: Chamber

19 Nov 2015 by Leave a Comment
Regulatory stability, and how industry and Government can work together to deliver ‘shared benefits’ will be key themes of next week’s Papua New Guinea Mining and Petroleum Seminar in Port Moresby, according to PNG Chamber of Mines and Petroleum Executive Director, Greg Anderson.
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Partial lifting of ban on imported vegetables to Papua New Guinea welcomed but calls for more production assistance

19 Nov 2015 by 2 Comments
Business welcomes the Agriculture Minister’s decision to temporarily lift a ban on some imported vegetables, but calls for more government support to lift production—and more consultation.
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More oil and gas mergers and acquisitions could impact Papua New Guinea, say analysts

16 Nov 2015 by 2 Comments
Two major takeover offers involving leading companies operating in Papua New Guinea’s oil and gas industry have emerged in recent months. Business Advantage PNG spoke to oil and gas analysts about what this mergers and acquisitions activity means for the sector.
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Reaction to Papua New Guinea’s 2016 Budget: necessary cuts but still some challenges, say experts

11 Nov 2015 by Leave a Comment
The Papua New Guinea Government has made tough decisions in its 2016 Budget to avoid a cash and macroeconomic crisis. Business Advantage PNG talks to some experts on how the budget measured up to expectations, and what is still needed.
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