Features
Latest news
‘Massive opportunity’ for private power producers in Papua New Guinea
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Papua New Guinea banks report substantial fall in forex waiting times
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Interviews
Four questions with Swire Shipping’s Randy Selvaratnam
Randy Selvaratnam became Chief Commercial Officer for Singapore-based regional logistics provider, Swire Shipping, in June 2024. In this interview, he speaks about the prospects for growth in shipping volumes in and out of PNG, rising freight costs and the move to sustainable biofuels.
Wapu Sonk on Papua LNG – timelines, impacts, and reforms that could benefit industry [video]
Wapu Sonk, Managing Director of Papua New Guinea’s state-owned oil and gas company Kumul Petroleum Holdings Limited, spoke about the way forward with the TotalEnergies-led Papua LNG project and the “unexpected blessings” its delay could bring at this month’s 2024 Business Advantage PNG Investment Conference. Watch his exclusive fireside chat.
Editorial
Editorial: Domestic investors fill the gap while Papua New Guinea awaits next wave
Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.
Economy/investment
New Steamships head bullish on Papua New Guinea economy, despite ‘underwhelming’ six years
There was a change of leadership at Steamships Trading Company on July 1, with Chris Daniells replacing Rupert Bray as managing director. In an exclusive interview, the two share how Steamships is pursuing its long-term growth plans amid a challenging economic environment.
Opinion and analysis
Opinion: A fix to PNG’s kina and forex woes
The Bank of Papua New Guinea and the International Monetary Fund believe continued depreciation of the kina is the way to alleviate the country’s ongoing foreign exchange shortages. ANZ economists Kishti Sen and Tom Kenny argue there are better alternatives.
People moves
People moves: Remington Group, Air Niugini
New CEO for Remington Group, permanent appointment for Air Niugini’s CEO.
LIfestyle
Hiri Moale Festival in Port Moresby: an inside look
The 50th Hiri Moale Festival was staged in Port Moresby earlier this year in a show of colour, music, dance, art, food and culture. Carmel Pilotti reports on this year’s excellent turnout and speaks to the newly-crowned Hiri Queen.
From our online directory …
Doing Business in Papua New Guinea
The ultimate guide to doing business in Papua New Guinea, produced by Business Advantage International and its content partners. Includes industry sector profiles, legal and tax … Read on ...
Corporate Partners
Latest News
‘Massive opportunity’ for private power producers in Papua New Guinea
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
Papua New Guinea banks report substantial fall in forex waiting times
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
Features
Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine
In this exclusive interview, Barrick Gold’s President and Chief Executive Mark Bristow talks about the deal he made to restart the Porgera gold mine, the road to returning it to full production, and why addressing law and order is critical.
Opinion
Opinion: A fix to PNG’s kina and forex woes
The Bank of Papua New Guinea and the International Monetary Fund believe continued depreciation of the kina is the way to alleviate the country’s ongoing foreign exchange shortages. ANZ economists Kishti Sen and Tom Kenny argue there are better alternatives.
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