Australian-based Kula Gold says the granting of a mining lease to develop its Woodlark Island Gold Project is a ‘milestone’, for both itself and the Papua New Guinea Government. The next step is to confirm financing for the project, Kula’s Chief Executive Officer Stuart Pether tells Business Advantage PNG.
Mobile phone provider Digicel PNG plans to launch its own multi-station television service later this year. The move is the latest in a series of strategic moves to transform the mobile phone company into a broader based media company in Papua New Guinea.
One of the biggest economic and social challenges facing the PNG government is jobs growth for its rapidly growing workforce in a post-LNG construction economy, according to the Asian Development Bank’s latest report card.
Australia is still Papua New Guinea’s largest trading partner and the country’s largest single source of investment. Business Advantage PNG speaks with Australia’s new Senior Trade Commissioner in Port Moresby David Knapton.
The rapidly weakening kina, deficit spending and the financing of government debt is piling pressure on the Papua New Guinea government to boost economic confidence. Economist Dr Mark Evans considers some of the issues facing both government and business.
Last August, the O’Neill government announced a policy to create an agricultural ‘hub’ around Mount Hagen in Papua New Guinea’s Western Highlands Province. Business Advantage PNG asked business leaders and analysts what was needed for the region to achieve its potential.
The signing of the first major backer for a new Papua New Guinea television drama series paves the way to develop a local TV production industry, according to the show’s producers.
InterOil Corporation has finalised a US$300 million loan, which it will use to explore the Eastern Papua Basin of Papua New Guinea.
Because computer use has become an integral part of modern-day life and work, keeping information technology secure has become a concern for all businesses, from the sole trader to large corporations. Robert Blackman offers ten steps you can take to help safeguard your company’s IT systems from digital destruction.
The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.