The Investment Promotion Authority has released data on foreign investment trends in 2020 that show the sector of most interest was agriculture. Despite the impact of COVID-19 there was significant investor interest.
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In this exclusive interview with Business Advantage PNG, Port Moresby Chamber of Commerce and Industry President Rio Fiocco, outlines the numerous challenges facing business in Papua New Guinea as 2021 gets under way.
It is estimated that between eight and nine million people live in Papua New Guinea, but no one knows for sure. Honorary Associate Professors Mike Bourke and Bryant Allen from the Australian National University explain why PNG’s census was a failure and what can be done to avoid another potential flop this year.
Young Papua New Guinean entrepreneurs are helping to reactivate the country’s economy with new ideas and thriving projects. In this two-part special, meet some rising stars who are setting the pace for a reinvigorated innovation nation.
The signing of a fiscal stability agreement between Papua New Guinea and French oil major Total looks set to trigger the FEED phase of the multi-billion dollar Papua LNG project. Wapu Sonk, Managing Director of national oil company Kumul Petroleum, tells Business Advantage PNG the signing is expected within the next two weeks.
Departing PNG Power Chairman Peter Nupiri has called for less political interference in the state-owned utility and a ‘strong commitment’ from government for its reform.
Dulciana Somare-Brash is a Political Advisor to the PNG Ministry of National Planning and Monitoring and the United Labor Party. If her maiden name sounds familiar, that is because she is the daughter of Papua New Guinea’s founding father, Michael Somare, and Lady Veronica Somare.
How did the informal economy developed in Papua New Guinea? John David Conroy, Visiting Fellow at the Australian National University’s Crawford School, explores informality in PNG and its repercussions.
John Byrne, President of the Lae Chamber of Commerce, tells Business Advantage PNG that, although there is an underlying level of confidence in PNG’s second city, infrastructure projects and investment are urgently needed.
A joint communique issued earlier this month by Papua New Guinea’s Prime Minister James Marape and new Bougainville President Ishmael Toroama has committed them to moderated ‘joint consultations’ over the autonomous region’s desired independence. It has again brought focus on the future of the island’s massive Panguna copper and gold mine.