Economist and lecturer Andrew Anton Mako, who left his own rural community at the age of 13 in search of an education, outlines what is needed to reverse the decline of many of Papua New Guinea’s rural communities.
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In spite of softer market conditions, Coca-Cola Europacific Partners continues to invest in PNG committing K80 million to the construction of a new bottle manufacturing plant in Lae.
A commitment by TotalEnergies, operator of the Papua LNG Project, to provide the PNG government with a National Content Plan in September, will ensure PNG businesses receive their fair share of preparatory early works contracts, which will be awarded this month.
Departures at Vodafone PNG, Oilmin Field Services adds a member to its board and new face at Pacific Balanced Fund.
Changes to the way visas and work permits are managed by PNG’s Immigration and Citizenship Authority are expected to accelerate processing times and reduce costs associated with travelling to PNG.
Papua LNG spending to help restore Papua New Guinea’s foreign exchange market, Bank of China opens representative office in Port Moresby and New Porgera clarifies future payments to Barrick.
The Solomon Islands is on track to receive a major economic boost in the run up to the Pacific Games being hosted in the country in November and December this year.
PNGX-listed Steamships Trading Company, which owns businesses across logistics, property and hospitality, last year achieved impressive 12 per cent revenue growth. Business Advantage PNG recently caught up with its Managing Director Rupert Bray to learn about its ambitious plans to grow further.
In addition to the ongoing refresh of its inventory, recently appointed General Manager Robert O’Brien also plans to revitalise the dining experience for guests with some exciting new dining experiences planned for later this year.
Reduced internet costs could be expected this year, the Finschhafen District Hydropower Project advances and the Prime Minister of India visits Papua New Guinea to participate in forum.