APEC hailed by organisers as a success for Papua New Guinea despite tensions

Papua New Guinea’s hosting of APEC 2018 was a success, say three senior figures involved in its organisation. Ivan Pomaleu, PNG’s APEC Ambassador, suggests that the country achieved all of its goals in spite of the lack of a consensus within the group of 21 nations.

Prime Minister O’Neill tells APEC CEO Summit maintaining international trade rules critical

The Prime Minister Peter O’Neill gave an upbeat take on the Papua New Guinea economy when opening the APEC CEO Summit. He pointed to the need for consistent trade rules, strong engagement with civil society and the community, and a focus on the opportunities offered by the digital economy.

Nine Things You Need to Know about 2018 APEC Leaders Week in Papua New Guinea

The final two events of Papua New Guinea’s APEC-hosting year are fast approaching. The APEC Leaders Meeting and CEO Summit will be the highlights of APEC Leaders Week, to take place from 12 to 18 November and thousands of delegates will be coming to Port Moresby from all over the APEC region. Here’s what to expect. 

Identifying digital opportunities Papua New Guinea’s focus during APEC, says Executive Director

The Executive Director of APEC, Alan Bollard tells Business Advantage PNG that finding digital solutions that suit Papua New Guinea has been a focus of APEC discussions. Trust and integrity will be key factors in implementation.

Boosting digital economy key to developing Papua New Guinea’s MSMEs, entrepreneurs tell APEC forum

The development of micro and small and medium sized businesses (MSMEs) in Papua New Guinea requires innovation, cheaper internet access, embracing a digital economy and creating hubs for sharing ideas, entrepreneurs told an APEC discussion forum in Lae. They say without these elements the government’s goal of creating 500,000 SMEs by 2030 will not happen.

ABAC identifies Papua New Guinea’s fisheries as outstanding growth area

Papua New Guinea has significant opportunities for employment and foreign exchange from its fisheries, but only if it can develop the necessary policies and infrastructure. That was the conclusion from meetings of the APEC Business Advisory Council (ABAC).

In brief: Abel to present on economic integration, and other business news

Abel on economic integration, renewable energy transition by 2050 and a K2m commitment to revive Goilala coffee. Your weekly digest of the latest business news.

Public holidays declared in Port Moresby due to APEC summit, says CEO

The two days before the APEC Leaders meeting have been declared national holidays in the National Capital District in Port Moresby, according to Chris Hawkins, the Chief Executive Officer of APEC Papua New Guinea. He told an APEC summit briefing that Papua New Guinea has advantages when it comes to hosting the big event.

In Brief: Borrowing from China to upgrade roads, and other business stories

Negotiating to upgrade roads, using aid for development, and refunds to domestic fishing companies. Your weekly digest of the latest business news.

Sharp rise in use of mobile financial services in Papua New Guinea

The Governor of the Bank of Papua New Guinea, Loi Bakani, has told an APEC conference on improving financial literacy that the use of mobile phones for financial services is increasing sharply. But he said there is a need to strengthen consumer digital financial literacy and awareness in the country.