Papua New Guinea’s Prime Minister, Peter O’Neill, has confirmed the government will restructure the country’s interests in oil, gas and mining resources into two separate mining and petroleum companies. All other state-owned enterprises will be absorbed into a third holding company.
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Papua New Guinea economic growth to ease to 5.5%: ADB
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3 Apr 2013 by
Papua New Guinea’s gross domestic product is set to increase by 5.5% in 2013, according to the Asian Development Bank’s latest Pacific Economic Monitor, released last week. This is compared to growth of 9.2% in 2012.
Papua New Guinea Government sets challenge for business
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21 Feb 2013 by Leave a Comment
POMCCI’s Chief Executive David Conn identifies the key messages for the local business community from recent speeches from Peter O’Neill & ANZ’s Mike Smith
Papua New Guinea Business Update archive
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The archive of our Papua New Guinea Business Updates. Business Advantage PNG sends out a business update on Papua New Guinea and the region to over nine thousand subscribers by email. Below is an archive of every issue: just click on the date to read the relevant update. You can subscribe to the email free of […]
Managing risk in Papua New Guinea
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29 Jan 2013 by 1 Comment
The insurance industry in PNG looks forward to consolidation, more growth and regulatory reform in the coming year. Optimism in PNG’s insurance sector is high with companies seeking to expand amid the strong economic growth of PNG. ‘The economy is very healthy,’ says Chris Giddings of Pacific Re, a Port Moresby-based reinsurance firm, and President […]
Lae: Papua New Guinea’s manufacturing hub
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1 Sep 2012 by Leave a Comment
PNG’s second-largest city is the focal point for the nation’s downstream processing industries. Although it plays second fiddle to the national capital Port Moresby, Lae in Morobe Province is PNG’s industrial capital and boasts considerable activity in manufacturing, trading, agribusiness and, more recently, fisheries. Lae: the facts Despite being the second city in a country […]
Big Year for PNG LNG Project
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1 May 2012 by Leave a Comment
Business Advantage speaks to the man responsible for delivering the PNG LNG Project, Peter Graham, managing director of ExxonMobil subsidiary, Esso Highlands. Do you foresee any issues with meeting the posted completion date for the PNG LNG project? What will be the major challenges and milestones over the next 12 months? 2012 is a big […]
The changing face of investment in Papua New Guinea
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1 May 2011 by Leave a Comment
With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future. ‘We’re at the start of a very long term growth period—the outlook long-term is extraordinary,’ says Rod Mitchell, the joint-CEO of PNG […]
Papua New Guinea looks north for investors
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1 May 2011 by 1 Comment
PNG’s current economic upturn has involved a notable increase in foreign direct investment from Asia. Most prominently, the Ramu Nickel project represents China’s first major investment in PNG, but there has also been major investment in forestry, fisheries and retail. Malaysia for one has a range of substantial interests in sectors ranging from agribusiness and […]
Key investment organisations in Papua New Guinea
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1 May 2011 by Leave a Comment
Two organisations worth knowing about if you’re looking to invest in Papua New Guinea. Investment Promotion Authority (www.ipa.gov.pg) The IPA is the first point of contact for any potential investor considering doing business in PNG. Not only is the IPA responsible for promoting PNG as a business and investment destination, including the facilitation of trade visits, […]
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