The National Capital District (NCD) is Port Moresby. It is both a city and a district and the gateway to Papua New Guinea – the nation’s capital, centre of politics, trade and commerce. The city, which has become a growing and bustling metropolitan area, is dry, dusty and brown duringthe winter months, but is wet, humid and overgrown in summer. It is located on the southern coast of the country, surrounded by part of Fairfax Harbour.
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Hela Province: Papua New Guinea Business Guide
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1 Mar 2019 by Leave a Comment
Hela is a smaller province of Papua New Guinea, comprising three districts previously part of Southern Highlands Province. It is home to the Huli Wigmen, who are internationally recognised for their distinctive face paint and elaborate wigs made from human hair.
Central Province: Papua New Guinea Business Guide
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27 Feb 2019 by Leave a Comment
Central Province occupies the southern side of the Owen Stanley Ranges and the area of coast from Bereina in the north, to Gaire Village in the south. The entire National Capital District sits within the province’s boundaries and Port Moresby doubles as the capital of Central. Its proximity to the National Capital District, has led to significant infrastructure development in the province.
Third Papua New Guinea Petroleum & Energy Summit to Focus on Regional Collaboration
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20 Feb 2019 by 2 Comments
Collaboration between Papua New Guinea’s Petroleum and Energy Sector will be the theme of the third CWC Papua New Guinea Petroleum and Energy Summit. The event will feature updates and discussions on expansion opportunities in the country’s energy sector.
Economic update: Papua New Guinea’s economy gathers pace
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19 Feb 2019 by 1 Comment
After years of low growth, the Pacific’s largest economy is looking to benefit from new resources and infrastructure investment—plus a dividend from hosting APEC 2018. Business Advantage PNG’s Andrew Wilkins talks with Papua New Guinea’s business leaders about the year ahead.
Commodities: LNG prices down, oil prices steady and coffee up
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29 Jan 2019 by Leave a Comment
In the agribusiness sector coffee prices have risen, while prices in the hydrocarbons sector are largely unchanged, and metals prices are steady or lower. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor
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29 Jan 2019 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
Opinion: Papua New Guinea could provide a model for the developing world says Oil Search MD Botten
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26 Nov 2018 by 2 Comments
Peter Botten, Managing Director of Oil Search, says including communities in the development agenda is a way that resource developers can engage with governments and other stakeholders. He explains that what his company has done in PNG can be a model for other developing countries.
In brief: ANZ Bank expects kina to rise with next round of LNG projects, and other business stories
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25 Sep 2018 by Leave a Comment
ANZ Bank expects Kina to rise above $0.35 cents from early 2020, Ramu 2 hydropower project to commence next March, and security preparations for APEC step up. Your weekly digest of the latest business news.
Papua New Guinea PM Peter O’Neill says deals on resources projects will be fair to all stakeholders
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25 Sep 2018 by 2 Comments
In an interview with Business Advantage PNG’s Andrew Wilkins, the Prime Minister Peter O’Neill says he is looking for deals in LNG and mining projects that will benefit all parties. In the first of a two part series, O’Neill says his government is investing to diversify the economy.
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