ICTSI South Pacific operates the international shipping terminals at Lae and Port Moresby (Motukea). In this interview with Nadav Shemer Shlezinger, CEO Robert Maxwell shares how it is investing for PNG’s resources pipeline and anticipated economic growth.
Businesses in Morobe Province and Papua New Guinea will benefit immensely from the proposed Wafi-Golpu gold and copper mine, according to business leaders in Lae.
Banks vie to renew government’s loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.
Work on Lae’s Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.
Redundancies at Petromin Holdings ahead of restructure, LNG price slump may go further, and Santos confident its share price will rise. Your weekly digest of the latest business news.
The long-awaited project to expand Lae’s port is ‘ahead of schedule’, according to the Asian Development Bank’s Vice President (Operations 2) Stephen Groff, who visited Papua New Guinea last week to inspect progress.
PNG’s second-largest city is the focal point for the nation’s downstream processing industries.
![Traffic through PNG's ports rose by 46% in 2011 [source: PNG Ports]. Pic: Pacific Islands Trade and Invest](https://www.businessadvantagepng.com/wp-content/uploads/2012/09/DAY1-MORESBY098.jpg)
Many of the success stories in this publication have occurred against significant odds. Papua New Guinea’s producers face many challenges in developing their businesses, although things are looking up.