Features
Geopolitical tensions leading to increased donor investment in Papua New Guinea and Pacific: Lowy Institute
Pacific countries like Papua New Guinea are increasingly becoming critical grounds for geopolitical competition, leading to higher investment from international partners, particularly in infrastructure, according to the Lowy Institute’s Dr Meg Keen and colleagues.
Kainantu gold mine set to quadruple production by 2027
The Kainantu gold mine in Eastern Highlands Province has been in continuous expansion since its acquisition by K92 Mining in 2015. CEO John Lewins shares his company’s aspiration to become the PNG’s mining sector’s largest taxpayer – and the investment underpinning it.
Bank of Papua New Guinea program aims to generate funds for green projects
The Green Finance Centre was founded this year under the aegis of the Bank of Papua New Guinea, with the aim of creating a framework to facilitate investments in areas such as renewables and climate resilience. Its head Mohinesh Prasad shared the centre’s plans and progress in a speech to the 2024 Business Advantage PNG Investment Conference.
Islands Petroleum stepping up to help meet Papua New Guinea’s fuel supply needs
Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow
After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of large new investments in its resources sector. We hear from some of the key players.
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: Patience and persistence yields results in major resources projects
Looking back over the history of resources development in Papua New Guinea, the need for patience and persistence is clear.
Economy/investment
LNG and metals look a strong bet for Papua New Guinea
The outlook is positive for the key commodity exports that will support Papua New Guinea’s resources sector in coming decades, including LNG, gold and copper. Business Advantage PNG speaks with the analysts to find out why.
Mining & Petroleum
Opinion and analysis
Opinion: Cultural understanding the key to winning business in Papua New Guinea
Papua New Guinea holds tremendous potential for foreign investors. However, understanding of local cultural nuances is critical to developing relationships and achieving long-term business success in the country, writes Maryanne Kepui.
People moves
People moves: ANZ, Australian High Commission Papua New Guinea, Remington Group, Minimum Wages Board
New Head of Transaction Banking and Head of Business Execution, new First Secretary for Infrastructure at Aussie High Comm, new COO at Remington Group and new appointments to the Minimum Wages Board.
LIfestyle
Hotel Review: Holiday Inn Express Port Moresby
Kate Webster looks inside the comfortable business hotel, the Holiday Inn Express Port Moresby.
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
24 Sep 2024 By Nadav Shemer Shlezinger Leave a Comment
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
15 Aug 2024 By Nadav Shemer Shlezinger 2 Comments
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.
Papua New Guinea banks report substantial fall in forex waiting times
15 Aug 2024 By Nadav Shemer Shlezinger
Chair of Papua New Guinea NRL bid hoping for announcement by end of 2024
15 Aug 2024 By Nadav Shemer Shlezinger
Features
Geopolitical tensions leading to increased donor investment in Papua New Guinea and Pacific: Lowy Institute
4 Nov 2024 By Nadav Shemer Shlezinger
Pacific countries like Papua New Guinea are increasingly becoming critical grounds for geopolitical competition, leading to higher investment from international partners, particularly in infrastructure, according to the Lowy Institute’s Dr Meg Keen and colleagues.
Opinion
Opinion: Cultural understanding the key to winning business in Papua New Guinea
5 Nov 2024 By Maryanne Kepui
Papua New Guinea holds tremendous potential for foreign investors. However, understanding of local cultural nuances is critical to developing relationships and achieving long-term business success in the country, writes Maryanne Kepui.
Recent readers’ comments