Innovation PNG 2023 conference set for November in Port Moresby

Welcome,

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.

In brief: Porgera’s Special Mining Lease application lodged and other business stories

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Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.

Papua New Guinea’s Connect PNG program gets funding boost

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With its funding now legislated, we asked David Wereh, Secretary of the Department of Work and Highways in Papua New Guinea, what’s next for the ambitious 20-year Connect PNG road-building program.

PET project: Coca-Cola expands its footprint in Papua New Guinea

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In spite of softer market conditions, Coca-Cola Europacific Partners continues to invest in PNG committing K80 million to the construction of a new bottle manufacturing plant in Lae.

In brief: Papua LNG spending to help revive forex market and other business stories

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Papua LNG spending to help restore Papua New Guinea’s foreign exchange market, Bank of China opens representative office in Port Moresby and New Porgera clarifies future payments to Barrick.

Seven questions for Rupert Bray, Managing Director at Steamships

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PNGX-listed Steamships Trading Company, which owns businesses across logistics, property and hospitality, last year achieved impressive 12 per cent revenue growth. Business Advantage PNG recently caught up with its Managing Director Rupert Bray to learn about its ambitious plans to grow further.

In brief: the Prime Minister of India visits Papua New Guinea and other business stories

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Reduced internet costs could be expected this year, the Finschhafen District Hydropower Project advances and the Prime Minister of India visits Papua New Guinea to participate in forum.

Rangeview Grocer: Port Moresby’s new ‘one-destination’ grocery shopping alternative

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Four-star yet affordable, Rangeview Grocer is the jewel within recently opened Rangeview Plaza in the heart of Waigani.

People moves: ExxonMobil PNG, National Executive Council, Kina Asset Management

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ExxonMobil announces key changes to its management team, the Minister for Foreign Affairs steps down, and Kina Asset Management appoints Acting Chairman.

In brief: Special Economic Zone Summit gathers expertise and other business stories

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Results of Special Economic Zone (SEZ) Summit expected to help Papua New Guinea develop a new SEZ roadmap, Australia and New Zealand pledge their support to World Bank programs in the Pacific, and Bougainville Copper declares losses for 2022.