Prime Minister O’Neill tells APEC CEO Summit maintaining international trade rules critical

The Prime Minister Peter O’Neill gave an upbeat take on the Papua New Guinea economy when opening the APEC CEO Summit. He pointed to the need for consistent trade rules, strong engagement with civil society and the community, and a focus on the opportunities offered by the digital economy.

In brief: Possible rice agreement with the Philippines, and other business stories

A possible rice deal with the Philippines; developments in gas sales; and landowner issues. Your weekly digest of the latest business news.

Earthquake to have ‘huge impact’ on Papua New Guinea economy, says Prime Minister

Last month’s earthquake in Papua New Guinea will have a ‘huge impact’ on the economy, says Prime Minister Peter O’Neill. The death toll is rising, the extent of the destruction and disruption to services and businesses is still being assessed, and the damage to the PNG LNG project is expected to affect government revenues.

In brief: Government dispels Australia’s China fears, and other business stories

Nothing to fear from Chinese influence, hydrocarbon discoveries, and Twinza Oil investment decisions. Your weekly digest of the latest business news.

What can Papua New Guinea business look forward to in 2018?

As Papua New Guinea business gets back to work, Business Advantage PNG’s Andrew Wilkins looks at some of the issues coming up in 2018. With APEC coming to Port Moresby and a second LNG project in the offing, this is a year when PNG is going to be the subject of international attention.

Lae’s Unitech undergoes ‘cultural change’ to produce better qualified students

Albert Schram, Vice-Chancellor of the University of Technology (Unitech) in Lae, tells Business Advantage PNG that the institution is undergoing a broad ‘cultural change’. The aim is to create closer ties with business in order to produce better qualified graduates.

Cooperation in resources sector improving Papua New Guinea’s international standing, says analyst

Cooperation amongst the energy majors in Papua New Guinea is leading to greater efficiency and higher international standing, according to industry leaders and analysts. What is happening in PNG appears in stark contrast to recent experiences in Australia’s LNG industry.

Industry collaboration and government help crucial for Western Province gas, says Repsol chief

Cross-industry collaboration and help from the Papua New Guinea government are required to get the most out of the gas in Western Province, David Lester, Chief Office Representative for Repsol PNG tells Business Advantage PNG.

In brief: Oil Search and ExxonMobil buy gas licences in Gulf, and other Papua New Guinea business stories

Oil Search and ExxonMobil buy into gas licences in Gulf of Papua, Sir Mick Curtain, founder of Curtain Bros, dies, and trade disagreement with Fiji resolved. Your weekly digest of the latest business news.