InterOil to begin eight new wells in Gulf Province, Lae business chamber calls for more fire services, and Bougainville prepares for referendum. Your quick digest of the week’s business news.
Lae Chamber of Commerce
The Lae Chamber of Commerce (LCCI) says the Rudd–O’Neill asylum seeker deal ‘will be positive for business’, according to chamber president, Alan McLay.
Construction of the long-awaited Lae-Nadzab Road upgrade to a four-lane highway begins this month, after Prime Minister Peter O’Neill launched the project last week.
Lae is set to become the South Pacific’s main fish processing centre, with the opening of one massive new cannery this week, the commencement of construction for another, with more on the drawing board.
Law and order is back on the agenda, with this week’s National Haus Krai on violence against women, Australia reactivating its assistance to the PNG’s police and the Government committing itself to heavier punishments for some key offences. But solving PNG’s law and order problems will require much more, says Alan McLay.
Business people in Morobe Province are hoping a new timetable, which sees Air Niugini flying between Lae and Cairns via Port Moresby, is the first step towards direct flights between Australia and PNG’s second city.
As Business Advantage’s PNG 100 CEO Survey reveals, leading companies are performing exceptionally in spite of facing an array of severe impediments. We take a closer look at some of the daily challenges faced by companies doing business in Papua New Guinea and find out how they are overcoming them.
Lae Chamber of Commerce and Industry President Alan McLay provides a personal view of Papua New Guinea’s agricultural potential.