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KK Kingston has appointed Bob Hansen as its new Chairman. Hansen was formerly Chief Executive Officer and Managing Director of Mainland Holdings. Howard Wilson, formerly with MAN Automotive and Wanless Enviro Services in Australia, has also been appointed as a Director as a replacement for Carl Winter, who resigned from the board more than a year ago.
As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our … [Read More...]
Port Moresby’s flourishing dining scene now features a Thai restaurant – and it’s a good ’un. Lucky Lucky launched in late … [Read More...]
Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, … [Read More...]
The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab … [Read More...]
The Papua New Guinea kina’s exchange rate (mid-rate) against its main trading currencies, as of 22 April, 2024
USD 0.2634
AUD 0.4094
GBP 0.2127
EUR 0.247
NZD 0.4457
JPY 40.76
SGD 0.3586Source: Bank of PNG
From the Business Advantage blog 
The Government of PNG should be very careful on how it is spending money on impact infrastructure projects. Some of these projects have been ‘tied down’ with overseas financiers, such as the Exim Bank of china, where all infrastructure projects will be dished out to contractors of Asian origin.
Again its a set back to our local contractors who have been successfully operating in the country for well over 30 years. Namely Shonecliffe curtain Brother etc.. For instance the new 9mile road project which has been warded to a Chinese contractor is “below standards” of poor quality, which cannot withstand the hash conditions of Port Moresby. Once again the authorities need to look into this situation and try to do something before its too late.