Power outages in Papua New Guinea’s second largest city linked to K60 million debt, government looking into outstanding debts and new partnership between the Morobe Provincial Government and the National Airport Corporation. The business news in brief.
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In brief: power outages in Lae explained and other business stories
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10 May 2021 by Leave a Comment
In brief: PNG Tourism Promotion Authority reveals exit survey numbers and other business stories
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19 Apr 2021 by Leave a Comment
Papua New Guinea’s Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
Five questions for Puma Energy’s Hulala Tokome
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14 Apr 2021 by Leave a Comment
Puma Energy is Papua New Guinea’s largest fuel importer and operates the country’s only oil refinery. In this exclusive interview, Puma’s PNG Country Manager Hulala Tokome reveals how it is changing its business model in PNG.
Motor industry undergoing ‘once-in-century transformation’, says Ela Motors CEO
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31 Mar 2021 by Leave a Comment
Toyota Tsusho (PNG) Ltd, better known as Ela Motors, is Papua New Guinea’s largest vehicle retailer, with a market share of around fifty percent. Its CEO, Mitsuyoshi Okutsu, discusses the impact of COVID-19, new investment plans and how technology is transforming the motor industry.
Commodities update: oil and cocoa surge
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30 Nov 2020 by Leave a Comment
Oil and cocoa prices soar while the LNG price stabilises. Business Advantage PNG’s monthly overview of commodity and financial markets.
2020 volumes only slightly down, says Swire Shipping
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25 Nov 2020 by Leave a Comment
Despite initial concerns about the impact of COVID-19, Swire Shipping’s data shows only a marginal reduction in freight volumes. Alistair Skingley, the company’s Country Manager for Papua New Guinea and the Solomon Islands, tells Business Advantage PNG that the company is upgrading its offerings in the expectation of solid growth in 2021.
Focusing on what we can control
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29 Oct 2020 by Leave a Comment
Last week, I sat down with the heads of three of Papua New Guinea’s leading companies – Kina Bank, Steamships Trading Company and Paradise Foods – to discuss leadership during COVID-19, among other topics.
In brief: Wafi-Golpu closes in on environmental permit and other business stories
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26 Oct 2020 by Leave a Comment
Wafi-Golpu close to environmental permit, Kina Bank to launch capital fund for SMEs and PNG LNG delivers its highest production moment yet despite the COVID-19 pandemic. The business news you need to kickstart your week.
In brief: Oil Search announces structural changes and other business stories
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6 Jul 2020 by Leave a Comment
Oil Search shrinks its employee base, Coca-Cola Amatil PNG invests K155 million in infrastructure upgrades and bmobile and Telikom’s merger expected later this year. The news you need to kickstart your week.
In brief: Oil Search still keen on P’nyang gas project and other business stories
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4 May 2020 by Leave a Comment
S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.
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