Construction milestone for PNG’s tallest building, renewed support for fisheries training and PNG launches legal action in Australia. Your weekly digest of the latest business news.
In brief: Leading banker calls for more foreign exchange injection, and other business stories
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18 Oct 2017 by 1 Comment
BSP wants another US$100-200m foreign exchange injection, Air Niugini expects local business benefits from Rugby League games, and gold refinery to expand. Your weekly digest of the latest business news.
Papua New Guinea must promote its financial system to the world, say financiers
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11 Oct 2017 by Leave a Comment
Leading financiers have called for better international marketing of the country’s financial system and assets. They told the Business Advantage Papua New Guinea Investment Conference, that it is an important step towards creating more mature financial markets.
Papua New Guinea Investment Conference ‘a resounding success’
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13 Sep 2017 by Leave a Comment
The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
Inside Papua New Guinea’s largest private equity fund
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8 Aug 2017 by 6 Comments
Kennedy Wemin, the Chief Executive of Melanesian Trustee Services limited (MTSL), Trustee and Interim Manager of Papua New Guinea’s unit trust fund, Pacific Balanced Fund (PBF) tells Business Advantage PNG that the difficult economic conditions create opportunities as well as challenges. He outlines some of the fund’s future options.
In brief: Bank of PNG pursuing foreign exchange options and other business stories
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1 Jun 2016 by Leave a Comment
Bank of Papua New Guinea negotiating with ‘partners’ about foreign exchange, Oil Search to address competition issues and Travel Air to resume operations. Your weekly digest of the latest business news.
In brief: Asian Development Bank downgrades Papua New Guinea’s growth outlook, and other business stories
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6 Apr 2016 by 1 Comment
Papua New Guinea’s growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG’s global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.
In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories
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16 Mar 2016 by Leave a Comment
Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
People Moves: Newcrest, Melanesian Trustee Services, New Guinea Energy
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5 Aug 2015 by
New Directors at Newcrest, a new Chairman at Melanesian Trustee Services, and a new Chairman and interim Managing Director at New Guinea Energy
Holiday Inn Express expands Port Moresby’s hotel market
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26 May 2015 by Leave a Comment
Holiday Inn Express Port Moresby is the latest in a succession of new hotels opening – or set to open – in Papua New Guinea’s capital. Business Advantage PNG asks InterContinental Hotels’ Tim Pollock where this three-star property fits in PNG’s hospitality market, and discusses the challenges of running a hotel in PNG.
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