Papua New Guinea’s independent power producers are owed in excess of K200 million by state utility PNG Power, which itself is facing revenue challenges, according to industry association, IP3. The situation is being made worse by rising global fuel costs.
Australia’s new government has made it clear that its approach to its relationship with the Pacific will have a new type of engagement. Will it give it a chance to fight the influence of China in the region? Political consultant Jeffrey Wall explores.
Australian miner St Barbara has deferred an expected final investment decision on expanding the Simberi mine in Papua New Guinea and has announced a strategic review into the mine that could see it sold.
The newly-created American Chamber of Commerce Coral Sea is designed to play a key role in opening up business opportunities between US companies and Papua New Guinea, Solomon Islands and Vanuatu. Its inaugural President Peter Larden explains how, and why.
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.