Motukea Island

Papua New Guinea’s major ports of Port Moresby and Lae have achieved significant efficiencies. In this exclusive interview with Business Advantage PNG, ICTSI Chief Executive Officer Anil Singh outlines the opportunities to grow both ports.

Philippines port operator wins 25-year contract to run key ports,  Westpac MD outlines reasons for foreign currency backlog, and domestic gas clause to be part of new LNG projects. Your weekly digest of the latest business news.

In spite of the talk about an economic slowdown in 2016, Papua New Guinea’s capital, Port Moresby, is a city where plenty is still happening as 2015 comes to a close. Business Advantage International’s Andrew Wilkins reflects on recent discussions with Papua New Guinea business leaders.

A decision on who will build a second K300 million berth at the Port of Lae is expected by the end of 2015 and construction due to commence in 2016, according to PNG Ports’ Chief Executive Officer, Stanley Alphonse. A new industrial park and an international operator for the port is also on the cards.

Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.

Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.

Civil engineering firm Curtain Bros has big plans for Motukea Island, as it prepares to build new dockside facilities alongside the soon-to-be relocated Port Moresby Port. General Manager Justin McGann outlines the Motukea plans, and other new company projects, to Business Advantage PNG.

The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity.