The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG.
As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
An analysis of foreign workers coming to Papua New Guinea since 2000 indicates a chronic lack of skilled tradespeople, according to Lae-based business leaders. While skills training initiatives are under way, an expected surge in mining projects over the next few years highlights the urgency for more skilled workers.
A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.
Worried about the impact of the new minimum wage? The agriculture sector and struggling businesses can apply to pay less than the latest increase, according to analysis provided to Business Advantage PNG by KPMG’s Port Moresby office.
New land has been made available at Lae Nadzab Airport for growth of a supporting commercial business sector.
The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.
Cabinet to ban SABLs, Telikom prepares for transition to becoming a retailer, and a possible eight-year delay in upgrading Lae airport. Your weekly digest of the latest business news.
Study into limestone production in Simbu, PNG Power CEO reinstated and enquiry into coastal shipping costs. Your weekly digest of the latest business news.
Hundreds of millions of dollars is being spent in Papua New Guinea on road repairs and new roads, from Port Moresby to the Highlands and coastal provinces. Business Advantage PNG surveys what the country will get for its money, and considers what is still needed.