After almost a decade of no increases and a lengthy consultation period, the Minimum Wages Board has declared a landmark increase in Papua New Guinea’s minimum wage. Charlotte Armstrong reports.
Port Moresby Chamber of Commerce and Industry
While doing business in Papua New Guinea is never without its challenges, there have been some positive developments regarding some of the most-persistent business impediments.
Technological advances present PNG with enormous opportunities to develop its own solutions to the challenges it faces. This month’s Innovation PNG Conference and Expo is about encouraging the culture to create the necessary innovation.
New Director for Kina Securities Limited, changes in BSP’s executive management team, new CEO for the Port Moresby Chamber of Commerce and Industry.
Day 2 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across government and business, including Papua New Guinea’s Prime Minister James Marape, state-owned enterprises such as Air Niugini and PNG Ports and business chamber presidents.
Government funds to cover debris removal and business recovery have this week started to flow to businesses affected by the January 10 riots in Port Moresby. With funds for actual rebuilding still to be finalised, we talk to business leaders about the longer term consequences.
The Marape government has imposed a 14-day State of Emergency in Papua New Guinea’s capital Port Moresby to maintain public order following extraordinary rioting and looting last week. Here’s what it means for business.
Last week’s 2023 Innovation PNG conference showcased some of Papua New Guinea’s best and brightest. It also featured the announcement of some significant new initiatives to stimulate the digitisation of the country’s economy.
Innovation PNG 2023, an international-class event bringing the best of new technology, creative solutions and innovative thinking to Papua New Guinea, will be held on 10 November in Port Moresby.
The Bank of Papua New Guinea expects a ‘windfall’ from higher international commodity prices to alleviate some of the country’s foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.