Port Moresby-based retailer/wholesaler Supreme Group found itself needing products and services it couldn’t source in Papua New Guinea, so it decided to create them. Group Managing Director Sanjay Shah, tells Business Advantage PNG that the group has grown quickly and is anticipating more diversification.
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Higher commodity prices are boosting Papua New Guinea’s economy, says ADB economist
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8 Aug 2018 by Leave a Comment
The Papua New Guinea economy is set to grow steadily, according to Edward Faber, Country Economist for the Asian Development Bank (ADB). He told the Business Advantage PNG Investment Conference in Brisbane that the fate of the economy heavily depends on export prices.
Prime Minister gives upbeat take on Papua New Guinea’s economy
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7 Aug 2018 by 1 Comment
The Prime Minister, Peter O’Neill, speaking at Business Advantage Papua New Guinea Investment Conference in Brisbane, said the mid-year assessment of the economy was better than anticipated. He said the growing investment interest in the Pacific from China, Australia and the United States is ‘healthy’.
Papua New Guinea’s gas will be in strong demand says resource analyst
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31 Jul 2018 by Leave a Comment
Demand from the Asian region for natural gas will ensure that Papua New Guinea’s LNG industry remains robust in the medium term, David Lennox, xxz tells Business Advantage PNG. He says growing tensions about trade barriers may be beneficial for the country.
Copper has weakened but oil and gas prices were strong: a monthly review of Papua New Guinea’s commodities and financial markets
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24 Jul 2018 by Leave a Comment
Copper has weakened, but oil and gas prices are showing strength. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Gas prices up but oil prices fall: a monthly review of Papua New Guinea’s commodity and financial markets
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26 Jun 2018 by Leave a Comment
Gas prices rose sharply, but oil and copper were down. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Digicel Chairman says Papua New Guinea ‘fantastic’ location for investment
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12 Jun 2018 by 1 Comment
The Chairman and founder of telecommunications company Digicel, Denis O’Brien, describes Papua New Guinea as a vibrant country that is a ‘fantastic location’ for investors. But he says the physical terrain also made it his company’s most challenging market.
Oil and gas prices are up: a monthly review of Papua New Guinea’s commodity and financial markets
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29 May 2018 by Leave a Comment
Oil and gas prices are rising but cocoa and silver are weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Foreign exchange restrictions will not ease in Papua New Guinea until new investment flows come, says ANZ MD
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29 May 2018 by Leave a Comment
The Managing Director of ANZ Papua New Guinea, Mark Baker, has said the foreign exchange restrictions are not likely to ease until a major new resources investment comes in. But in the interim he believes the Government is connecting well with business.
Kumul Petroleum MD believes ‘step change’ needed to achieve electrification targets in Papua New Guiea
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22 May 2018 by 1 Comment
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
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