The prospect of instantaneous settlements on Papua New Guinea’s stock exchange, PNGX, has moved a little closer with a new agreement to explore blockchain technology to support its trading system. PNGX Chairman David Lawrence tells Business Advantage PNG the technology could ‘turbocharge’ PNG’s capital markets.
Kumul Petroleum Holdings has been working non-stop to assist the National Government reach its goal of connecting 70 per cent of Papua New Guinea’s population to electricity within the next eight years. Here’s how it’s advancing.
With the world slowly going back to a ‘new normal’ and Papua New Guinea’s population growing, opportunities abound for Papua New Guinea’s manufacturers. If challenges can be addressed, they say, the future could look even brighter.
While the Papua LNG and P’nyang projects are the main game in Papua New Guinea’s gas sector, Arran Energy’s smaller Stanley gas project in Western Province looks set to beat both into production. Business Advantage PNG talks to Executive Chairman Michael McGowan to find out more.
Do state-owned enterprises (SOEs) help or hinder economic progress? That’s a question Satish Chand, Professor of Finance in the School of Business at the University of New South Wales, was asked to consider at a recent business forum.
Nasfund’s Chief Executive Officer, Ian A Tarutia, reflects on the superannuation fund’s journey and how it has impacted Papua New Guinea.
Papua New Guinea’s capital city is seeing a construction boom this year, with many commercial and housing developments in the pipeline.
China reaffirms its commitment to supporting the development of the Ihu Special Economic Zone, Vanimo Airport officially reopens, and Ok Tedi Mining to open a museum to highlight its history and legacy. The business news you need this week.
Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.
The future of the proposed new gold mine on Papua New Guinea’s Woodlark Island remains in question, as Geopacific Resources looks to reset expectations surrounding the project and explores the possibility of a ‘corporate or asset-level’ sale.