Recent announcements by Australia’s Prime Minister, Scott Morrison, about infrastructure development in the Pacific are troubling, says Stephen Howes, Director of the Development Policy Centre at the Australian National University.
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The Asian Development Bank is one of the largest international investors in Papua New Guinea, mainly in infrastructure. One of its six Vice-Presidents, Diwakar Gupta—who is responsible for Private Sector and Cofinancing Operations—tells Business Advantage PNG the bank also has funds to invest in PNG’s private sector—under certain conditions.
Business Advantage International has announced that KPMG will be the headline sponsor for its 2019 Business Advantage Papua New Guinea Investment Conference in Sydney on 19 and 20 August.
A fifteen-year plan to develop the Ihu Special Economic Zone is expected to be approved this month. Driving its development will be the infrastructure requirements for Papua New Guinea’s second liquefied natural gas project—Papua LNG.
The Papua New Guinean economy is set to surge in 2019 and stabilize in subsequent years, according to a report by the World Bank. David James takes a closer look.
GoFood PNG is at the forefront of online food delivery services in Papua New Guinea. Kevin McQuillan speaks with co-founders Samson Korawali and Eugene Anang.
Young and dynamic advisors are stepping up to provide support to Papua New Guinea’s 50,000 small-to-medium enterprises (SMEs). Lisa Smyth reports on a service industry that looks set to boom along with the number of SMEs in the country.
Oil prices have been strong, but LNG prices have weakened sharply. Oil palm and coffee prices have fallen, but cocoa prices are steady. Business Advantage PNG’s monthly overview of commodity and financial markets.
The global handicraft market is worth $US38 billion and ‘profit-for-purpose’ enterprise REAL Impact is making sure Papua New Guinean artisans are getting their fair share. Lisa Smyth reports.
One of Papua New Guinea’s oldest and largest companies is focusing on expanding its hotel and property interests, according to Managing Director, Michael Scantlebury. He tells Business Advantage PNG an uplift in PNG’s economic outlook is providing fresh investment impetus.