Lae to become city of innovation and growth, says the President of LCCI

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John Byrne, President of the Lae Chamber of Commerce and Industry (LCCI), tells Business Advantage PNG that despite foreign exchange shortages and poor roads, there is an upward trend in the city.

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People Moves: Autonomous Region of Bougainville, Lae Chamber of Commerce

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People Moves: Autonomous Region of Bougainville, Lae Chamber of Commerce

Papua New Guinea’s controversial proposed foreign investment bill to be withdrawn, say chambers

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The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.

Lae businesspeople express concern at abuse of customs importing system

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Lae businesspeople have told a Customs Department forum they are deeply concerned about some importers abusing the system by under-reporting the value of their imports, or simply not declaring them. Lae Chamber of Commerce Executive member Keith Kingston says another issue highlighted was trade in counterfeit goods.

People moves: Lae Chamber of Commerce and Industry, South Pacific Tourism Organisation

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A new Executive Officer at the Lae Chamber of Commerce and Industry and the South Pacific Tourism Organisation reappoints Deputy Chairperson 

People moves: Lae Chamber of Commerce, Oil Search, Nautilus Minerals, Insurance Commission

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New Executive voted in at Lae Chamber of Commerce, a new Director at Nautilus Minerals

In brief: Tuna fishing rebate changes favour on-shore processors, and other business stories

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New fishing rebate scheme favours on-shore processors, coffee producer says poor roads in Western Highlands devalues coffee, and Lae laments loss of Alan McLay. Your weekly digest of the latest business news. Trade Minister, Wera Mori, says a threat by foreign fishing firms to close their processing facilities, after the government ended the rebate on […]

What signs of recovery are experienced business leaders looking for in Papua New Guinea? (Part One)

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What are the signs of economic recovery in Papua New Guinea that business leaders should look out for? In the first of a two part series, Business Advantage PNG asks some experienced business leaders what indicators they regard as significant and whether what they are seeing is positive.

In brief: Sir Michael Somare retires after 49 years in politics, and other business stories

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Founding Prime Minister retires, new US Embassy to be built, NRI questions land allocation for petroleum park. Your weekly digest of the latest business news. Papua New Guinea’s longest serving MP and first Prime Minister, Grand Chief Sir Michael Somare, has bowed out of politics after 49 years. The former Prime Minister said at an NBC Press Club interview […]

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

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Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.