Papua New Guinea’s central bank has moved to stop offshore foreign banks, which don’t operate in PNG, from foreign exchange trading in the Kina.
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Information and telecommunications technology can be a driver of new jobs and business efficiency in Papua New Guinea. Technology specialist Priscilla Kevin tells Business Advantage PNG of her own venture into the ICT business and suggests how others might follow.
Australians and Pacific Islanders living in Australia will be able to watch the 2015 Pacific Games in the comfort of their own home, after the Games Organising Committee awarded the Australian broadcast rights to the National Indigenous Television (NITV).
Papua New Guinea’s largest retailer, the CPL Group, does not plan on allowing a slowdown in the marketplace get in the way of its strategy for growth, Chairman Mahesh Patel tells Business Advantage PNG.
Progress in fostering economic and social development is threatened by the recent drop in global energy prices. Paul Barker provides practical ways to minimise the impact of the downturn.
It’s critical for the future of Papua New Guinea’s forestry and manufacturing sectors that the Government’s planned 40,000 ‘affordable houses’ be built in PNG by local suppliers, industry leaders tell Business Advantage PNG.
Papua New Guinea’s tuna industry leaders are calling for reform of the regional Vessel Day Scheme, saying it is counterproductive, speeding up stock depletion with the size of catches getting smaller.
Malaysian conglomerate Sime Darby has indicated it will expand processing operations through its takeover of New Britain Palm Oil, following its final purchase of Papua New Guinea’s largest agribusiness.
Papua New Guinea is well positioned to benefit from rising LNG demand, despite falling prices, says InterOil Managing Director, Michael Hession.
Business and employment travel into Papua New Guinea has more than tripled in the last 15 years, outperforming leisure travel, which has see marginal growth over the last five years. Robert Upe report