The 2019 Budget reflects an improving economic outlook says Zanie Theron, KPMG’s PNG Country Managing Partner. She points to increased private investor confidence and positive signs with foreign exchange.
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Business Advantage PNG’s coverage of 2018 APEC CEO Summit in Port Moresby, Papua New Guinea, held from 15 to 17 November.
All eyes this week are on Port Moresby in general and the capital’s new Hilton Hotel in particular. Business Advantage PNG takes a look at the site that will host the APEC Leaders’ Gala Dinner and Cultural Performance.
Digital technology and artificial intelligence is changing the way mining is conducted, according to Christiaan Heyning, a Partner at the consultants McKinsey & Company. But he warns that astute management is required to reap the benefits.
The Australian Government has announced plans to set up an infrastructure bank as part of a A$3 billion suite of measures aimed at countering China’s influence in the southwest Pacific and lifting its own engagement in the region. Regional analysts say the funds need to go to Micro, Small to Medium Enterprises (MSMEs), as well as SMEs, and for small projects in remote areas.
The final two events of Papua New Guinea’s APEC-hosting year are fast approaching. The APEC Leaders Meeting and CEO Summit will be the highlights of APEC Leaders Week, to take place from 12 to 18 November and thousands of delegates will be coming to Port Moresby from all over the APEC region. Here’s what to expect.
The Executive Director of APEC, Alan Bollard tells Business Advantage PNG that finding digital solutions that suit Papua New Guinea has been a focus of APEC discussions. Trust and integrity will be key factors in implementation.
APEC’s 21 Leaders gather in Port Moresby next week, the culmination of 10 months of officials’ meetings. Papua New Guinea’s APEC Ambassador, Ivan Pomaleu, tells Business Advantage PNG that making APEC useful for the country will require a long-term commitment.
The Prime Minister Peter O’Neill has announced that Heads of Agreements will be signed for the Wafi-Golpu mine and Papua LNG project, to coincide with the APEC Leaders Week. In a pep to talk to business last week, he emphasised the benefits of hosting APEC 2018.
Oil and LNG prices have shown weakness but coffee is up. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.