8 things we took home from the Australia-Papua New Guinea Business Forum

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Business Advantage PNG attended this week’s two-day Australia – Papua New Guinea Business Forum in Cairns. Here are some of our take-home observations from the annual event, which next year will take place in Lae, Morobe Province.

In brief: Government to invest in limestone production study, and other business stories

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Study into limestone production in Simbu, PNG Power CEO reinstated and enquiry into coastal shipping costs. Your weekly digest of the latest business news.

Opinion: Oil Search loan deal will affect Papua New Guinea’s Sovereign Wealth Fund

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Papua New Guinea’s proposed Sovereign Wealth Fund was intended to stabilise the kina and secure assets for the future. But, as Paul Barker from the Institute of National Affairs argues, the government’s borrowing plan for Oil Search shares may jeopardise the fund’s effectiveness.

Opinion: Sovereign Wealth Fund key to the fall or rise of the kina

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The ANZ Bank last month predicted the kina will fall by up to 10% in value by the end of 2014, in anticipation of income from the LNG project. Paul Barker from the Institute of National Affairs, looks ahead several years to when that income begins to have ‘a substantial impact’.

Papua New Guinea Sovereign Wealth Fund coming in a nick of time

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With Papua New Guinea’s Sovereign Wealth Fund (SWF) due to receive its first revenues next year, the Governor of the country’s central bank has given his approval. Meanwhile, the International Monetary Fund has sounded a note of caution.

Improving PNG’s business environment

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Many of the success stories in this publication have occurred against significant odds. Papua New Guinea’s producers face many challenges in developing their businesses, although things are looking up. As a developing country, Papua New Guinea lacks much of the infrastructure that businesses in developed nations take for granted: ubiquitous and well-maintained roads, reliable power […]