September was another tough month for availability of foreign exchange in Papua New Guinea, but central bank Acting Governor Elizabeth Genia has moved to reassure business that the bank is committed to supporting the kina as it adjusts to a lower level against the US dollar. She’s also flagging better times ahead on forex.
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Better times ahead on foreign exchange, says Bank of Papua New Guinea Acting Governor
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11 Oct 2023 by 2 Comments
Six things business needs to know about Papua New Guinea’s economy [analysis]
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14 Sep 2023 by 2 Comments
Westpac’s Senior Economist Justin Smirk has been studying Papua New Guinea’s economy for over 20 years. He recently provided the 2023 Business Advantage Investment Conference with six things businesses should understand about PNG’s economy, as we wait for the next wave of resources investment to begin.
Conference catches Papua New Guinea of the cusp of a new era of investment
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21 Aug 2023 by Leave a Comment
Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea
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1 Aug 2023 by 5 Comments
Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
Papua New Guinea’s currency flagged to continue ‘gentle’ fall
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5 Jul 2023 by Leave a Comment
The Papua New Guinea kina is starting to experience a very gradual erosion against its key trading currency, the US dollar.
PET project: Coca-Cola expands its footprint in Papua New Guinea
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9 Jun 2023 by Leave a Comment
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.
Papua New Guinea Investment Conference: new speakers announced
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9 May 2023 by
Business Advantage International has announced new speakers and the final sponsors for the 2023 Papua New Guinea Investment Conference.
Papua New Guinea embraces global hospitality brands
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25 Apr 2023 by Leave a Comment
International hotel chains are finally arriving en masse in Papua New Guinea. Business Advantage PNG takes a closer look at this noteworthy property trend.
More capacity, more efficiency: Papua New Guinea’s ports get a makeover
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1 Apr 2023 by Leave a Comment
Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.
Economic update 2023: Papua New Guinea’s year of gearing up
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28 Mar 2023 by 3 Comments
With the worst of the COVID pandemic behind it, Papua New Guinea is preparing itself for a decade of sustained economic growth. While the investments that will drive this growth are still being finalised, business leaders tell Business Advantage PNG the country is already starting to get ready.
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