The 2022 Business Advantage Papua New Guinea Investment Conference is taking place in Brisbane on 15 and 16 August, bringing business people and financiers together face-to-face for the first time since 2019. We preview the event.
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While the number of Chinese businesses in Papua New Guinea has increased significantly over the past two decades, more recently direct investment from China has flagged. A pioneering new study is taking a closer look.
The progress of Papua New Guinea’s next major gas project, Papua LNG, appears on schedule as operator TotalEnergies announces the project is entering its front end engineering and design (FEED) stage. The company is promoting the project’s low carbon credentials.
Barrick says ‘all we need is for a shareholders agreement’ to restart Porgera, Air Niugini outperforms Australian airlines, and Harmony Gold indicates Wafi-Golpu’s negotiations continue to progress. The business news you need.
Deputy Chair leaves Harmony Gold, a new director at Credit Corp and resignation at Nambawan Super.
Women around the world are making a mark in fields previously seen to be male-dominated, the field of science included. The Sea Women of Melanesia (SWOM) is an exceptional example of Papua New Guinean women making an impact in marine conservation.
The Bank of Papua New Guinea has increased the Kina Facility Rate, Prime Minister Marape welcomes Telstra, and Phase II of the Central Banking Act gets green lighted. The business news you need today.
Two executives join the City Pharmacy Limited Board, new Strategy and Transformation Senior Manager at PwC Papua New Guinea, and Vodafone PNG appoints Government Affairs Manager.
In late 2021, PNG’s largest superannuation find, Nambawan Super, increased its holding in Paradise Company Limited, owner of Paradise Foods and Laga Industries, to 100 per cent. Michael Penrose, Paradise’s CEO, tells Business Advantage PNG how the fund’s support is helping the food manufacturer expand.
Papua New Guinea’s economy has weathered the COVID pandemic well, according to the International Monetary Fund’s latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG’s government still needs to address.