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ADB sounds note of caution on Lae port

19 Feb 2013 by
The long-awaited project to expand Lae’s port is ‘ahead of schedule’, according to the Asian Development Bank’s Vice President (Operations 2) Stephen Groff, who visited Papua New Guinea last week to inspect progress. The Lae port contractor, China Harbour Engineering, is expected to complete the project—70% of which is financed by ADB loans—by the end […]
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The PNG 100 CEO Survey 2013

13 Feb 2013 by
At a time when some are wondering if PNG’s boom is coming to an end, its largest companies still have an appetite for investment, according our exclusive annual survey. In last year’s edition of Business Advantage Papua New Guinea, we launched a unique survey for PNG: the PNG 100 CEO Survey. Designed to gauge business […]
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Pacific Games 2015 offers opportunities for business

13 Feb 2013 by
Papua New Guinea business is set to receive a major boost from supplying the Pacific Games 2015, as Games CEO Peter Stewart explains. On 4 July 2015, 4000 athletes and officials from 22 countries across the Pacific region will assemble in Port Moresby for the Pacific Games 2015. The work to prepare for the quadrennial Games […]
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New Britain Palm Oil’s award: what does it mean?

13 Feb 2013 by
Papua New Guinea’s New Britain Palm Oil Ltd (NBPOL) has been to be ranked as Sector Leader in Agricultural Products in the 2012 Forest Footprint Disclosure (FFD) Annual Review. The award places NBPOL alongside major international companies such as British Airways, L’Oreal, Marks and Spencer and Sainsbury’s Supermarkets, which are named as leaders in their […]
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What to do if you have a commercial dispute in Papua New Guinea

12 Feb 2013 by Leave a Comment
Regardless of your field of business in Papua New Guinea, you need to know what to do when there is a dispute over a contract. Veteran commercial disputes lawyer, Erik Andersen, looks at the major avenues for dispute resolution in PNG. The rapid increase in economic activity in PNG over the last several years has […]
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Interview: Geoff Cundle, Steamships

5 Feb 2013 by
One of PNG’s largest and most diversified companies has a new Managing Director. We caught up with Steamships’ Geoff Cundle (pictured below) a few weeks into his new job. Business Advantage PNG (BAPNG): This isn’t your first time working in PNG …? Geoff Cundle (GC): I was here about 20 years ago, again with Steamships, […]
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Choppy seas for Pacific shipping

1 Feb 2013 by Leave a Comment
Tough market conditions have led to a sudden shake-up in South Pacific shipping, with Auckland-based Reef Shipping going bankrupt and being acquired by Hawaii-based Matson. Meanwhile, the loss-making (and ship-less) Pacific Forum Line— established in 1976 by the governments of 12 Pacific Island nations—has become wholly-owned by the Government of Samoa.  
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Combustible Fiji

29 Jan 2013 by Leave a Comment
The hand-picked Chairman of Fiji’s Constitution Commission, Kenyan-born barrister Yash Ghai, fell foul of Fiji’s military government for printing 600 copies of the country’s newly-completed draft constitution. These were confiscated and set on fire in front of him by police before the ink had dried. While the Australian Government focused on the positives, praising the […]
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Managing risk in Papua New Guinea

29 Jan 2013 by 1 Comment
The insurance industry in PNG looks forward to consolidation, more growth and regulatory reform in the coming year. Optimism in PNG’s insurance sector is high with companies seeking to expand amid the strong economic growth of PNG. ‘The economy is very healthy,’ says Chris Giddings of Pacific Re, a Port Moresby-based reinsurance firm, and President […]
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