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Five questions for … John Kaio, Interim Managing Director, PNG Infrastructure Development Authority

9 Oct 2014 by 2 Comments
As part of the 2012 Alotau Accord, the O’Neill Government agreed to establish an Infrastructure Development Authority to ‘take ownership’ of Cabinet decisions and oversee major infrastructure projects in Papua New Guinea. Business Advantage PNG spoke recently to the authority's interim Managing Director, John Kaio.
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The next wave of investment opportunities in Papua New Guinea

9 Oct 2014 by 1 Comment
The successful completion of the PNG LNG project has turned the focus onto where new investment opportunities lie. Senior representatives from the IFC, Austrade and Nambawan Super got together at the recent Papua New Guinea Advantage Investment Summit to share their thoughts.
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Yields expected to double as cocoa industry recovers from cocoa pod borer devastation

9 Oct 2014 by 2 Comments
Papua New Guinea’s largest cocoa grower, trader and exporter, Agmark, says cocoa yields in East New Britain could double, as a result of new technology arising from the battle to recover from the impact of the cocoa pod borer.
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Companies struggle to pay bills, after the Bank of Papua New Guinea ‘rations’ kina

1 Oct 2014 by Leave a Comment
Restricting the margins at which the kina can be traded against the US dollar has had little positive effect, with some companies struggling to pay bills, as the central bank reportedly restricts the purchase of US currency, Manufacturers Council of Papua New Guinea CEO Chey Scovell tells Business Advantage PNG.
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Papua New Guinea road investment to total K7 billion over the next five years, but maintenance ‘the challenge’

1 Oct 2014 by Leave a Comment
Scheduled road projects in Papua New Guinea will cost around K7 billion over the next five years, according to David Wereh, Secretary of the Department of Works and Implementation, with almost K2.6 billion of works currently under way. But PNG's poorly-maintained existing roads represent a 'time bomb' for the country.
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Puma Energy commits to PNG growth, rebrands first service station

24 Sep 2014 by 23 Comments
Puma Energy is starting to show its colours in Papua New Guinea, with the rebranding of its first service station following the acquisition of InterOil's downstream assets in PNG earlier this year. It's part of a regional investment strategy, PNG General Manager Peter Diezmann tells Business Advantage PNG.
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Air Niugini and PNG Ports for partial sale: Papua New Guinea zeros in on its state-owned enterprises

17 Sep 2014 by 3 Comments
First Air Niugini, then PNG Power ... then PNG Ports and the National Airports Corporation? The Papua New Guinea government is embarking on a grand plan to reinvigorate state-owned enterprises. But privatisation is not the only option to ensure SOEs function as viable entities.
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