Two new reports indicate business in Papua New Guinea and Pacific is proving resilient as the region looks to move on from the COVID-19 pandemic. A new economic report from ANZ paints a bullish picture of the future, while Pacific SMEs are predicting increased revenues.
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Papua New Guinea and Pacific business looks to turn the corner, post-COVID-19
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18 May 2022 by Leave a Comment
Latest Central Bank figures indicate Papua New Guinea’s economy is rebounding
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11 May 2022 by Leave a Comment
Recently released data from Papua New Guinea’s central bank indicates the country’s economy bounced back significantly in the September 2021 quarter on the back of a massive increase in export receipts due to higher commodity prices. While private sector employment and sales also rose, the bank warns inflation is also on the march.
Economic update: cautious optimism in Papua New Guinea as major projects take shape
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19 Apr 2022 by Leave a Comment
With major new resources projects still in play, and new players entering the market, this election year will be one to watch in Papua New Guinea. Business Advantage PNG talks to the country’s business leaders about the year ahead.
‘Exponential growth’ for Papua New Guinea’s construction sector, says Monier’s CEO
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30 Mar 2022 by Leave a Comment
Papua New Guinea’s construction sector is on the move thanks to major new public investment in infrastructure, according to George Constantinou, head of Monier Limited and Hebou Construction at the Constantinou Group of Companies.
In brief: World Bank report says GDP in Papua New Guinea is expected to grow and other business stories
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16 Mar 2022 by 1 Comment
The World Bank has released its economic update on Papua New Guinea, superannuation funds reject bank levy, and SNT Chair says Porgera will reopen next month. The business news you need today.
Rising oil price to impact Papua New Guinea, says Puma Energy Country Head
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3 Mar 2022 by Leave a Comment
The rising oil price will have a significant impact on Papua New Guinea this year, according to the Country Manager and Director for Puma Energy, Hulala Tokome.
In brief: new rules for international travellers visiting Papua New Guinea and other business stories
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2 Feb 2022 by Leave a Comment
Vaccination requirements and 60-day approvals for international travellers, PNG DataCo gets over K60 million worth of Telikom assets and Santos strikes deal with newly minted joint venture. The business news you need today.
Papua New Guinea’s Ihu Special Economic Zone builds momentum
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26 Jan 2022 by 1 Comment
Ground has been broken at the Ihu Special Economic Zone (ISEZ) in Papua New Guinea’s Gulf Province. Project Director Peter KenGemar says companies are already contemplating a move into the zone to take advantage of generous incentives.
2022: what can Papua New Guinea business expect from the year ahead?
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19 Jan 2022 by Leave a Comment
Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
‘Thumbs up’: Santos to list on Papua New Guinea’s stock exchange
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10 Dec 2021 by 5 Comments
Santos is listing on Papua New Guinea’s stock exchange, the PNGX, after its merger with Oil Search received the necessary final approvals. It will immediately become the exchange’s largest listing, providing PNG’s capital markets with a timely boost.
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