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.
Day 2 report from the 2024 Papua New Guinea Investment Conference
Welcome,
14 Aug 2024 by Leave a Comment
Day 1 report from the 2024 Papua New Guinea Investment Conference
Welcome,
13 Aug 2024 by Leave a Comment
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
Economic update: Papua New Guinea’s decade of growth begins
Welcome,
9 Apr 2024 by 1 Comment
As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.
Papua New Guinea faces higher fuel prices as shortages continue
Welcome,
29 Feb 2024 by Leave a Comment
Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy’s operations in the country. Meanwhile, short-term solutions are being put in place.
No hard devaluation of the kina, says Bank of Papua New Guinea Governor
Welcome,
21 Aug 2023 by Leave a Comment
With a new strategy to manage Papua New Guinea’s foreign exchange shortages expected soon, the Bank of Papua New Guinea’s Acting Governor, Elizabeth Genia, has moved to reassure business leaders that a devaluation of the country’s currency is not on the cards.
State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply
Welcome,
2 Aug 2023 by 2 Comments
In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
In brief: Puma Energy foreshadows risk of fuel shortages and other business stories
Welcome,
19 Jul 2023 by Leave a Comment
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Foreign exchange shortages still biting business in Papua New Guinea
Welcome,
27 Oct 2022 by 1 Comment
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.
In brief: China to support Papua New Guinea’s Ihu Special Economic Zone and other business news
Welcome,
8 Jun 2022 by Leave a Comment
China reaffirms its commitment to supporting the development of the Ihu Special Economic Zone, Vanimo Airport officially reopens, and Ok Tedi Mining to open a museum to highlight its history and legacy. The business news you need this week.
Rising oil price to impact Papua New Guinea, says Puma Energy Country Head
Welcome,
3 Mar 2022 by Leave a Comment
The rising oil price will have a significant impact on Papua New Guinea this year, according to the Country Manager and Director for Puma Energy, Hulala Tokome.
USD 0.2564
AUD 0.3814
GBP 0.195
EUR 0.2314
NZD 0.4133
JPY 36.77
SGD 0.3339
Recent readers’ comments