Businesses in Papua New Guinea want to be able to operate seamlessly in remote locations, and take advantage of the revolution in mobile services, says Pronto Software’s Steve Hillyard. Business Advantage PNG speaks with him about how PNG has become the software company’s second largest market.
The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.
By opening a high-end hotel and corporate function centre targeting business travellers, TST Group of Companies is taking advantage of the need for more of these facilities in Port Moresby.
After years of relationship building, the BRICS nations-Brazil, Russia, India, China and South Africa-are setting up their investment bank. It’s a milestone for this strange mix of economies, but offers Pacific nations access to investment capital, says BRICS expert, David Thomas.
The Bougainville parliament has just passed an interim mining act, paving the way for its troubled Panguna copper mine to re-open. Even though the new act removes the automatic renewal of its lease to continue, Bougainville Copper Limited is still the preferred mine operator, as Kevin McQuillan reports.
Cashed up after the completion of several recent deals, oil and gas company InterOil Corporation has widened its exploration focus to include up to 40 promising new targets.
Grown almost entirely without pesticides in small village gardens, PNG coffee is cherished by aficionados around the world for its delicate fruity ‘winey’ and smooth caramel aftertaste. Ian Neubauer looks at how the coffee bean is processed for its major markets in Australia and Europe.
The creation and now the production of the LNG plant highlights the next major challenge facing Papua New Guinea: How to grow the non-mining sectors. Economist Dan Gay says the key is to grow the domestic economy, and the internet and service industries.
Despite its potential, the Papua New Guinea music industry is doing it tough. Music producers and promoters say it’s been in ‘massive decline’ for the last seven years, and without new laws and government support, that decline will continue.
September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.