With experts forecasting slow economic growth in 2020, Papua New Guinea’s economy may be facing a temporary loss of momentum. David James examines two new economic reports and what they may mean for business.
Papua New Guinea experiencing temporary loss of momentum, say reports
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15 Jan 2020 by Leave a Comment
How Papua New Guinea’s central bank plans to sell government debt
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13 Jan 2020 by Leave a Comment
The Bank of Papua New Guinea is looking to sell government debt to international and local investors. Its Governor, Loi Bakani, outlines the challenges to Business Advantage PNG and their connection to PNG’s ongoing foreign exchange shortages.
Bougainville votes overwhelmingly in favour of independence
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11 Dec 2019 by 1 Comment
Bougainville voters have voted by an overwhelming margin in favour of independence from Papua New Guinea. All eyes will be on how the National Government responds and what will happen to the island’s K252 billion Panguna copper and gold mine.
Cashed up and ready to grow: Kina Bank’s plans for 2020
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9 Dec 2019 by Leave a Comment
Kina Bank’s operations have expanded dramatically after taking over ANZ’s retail operations in Papua New Guinea. In an exclusive interview, Chief Executive Officer Greg Pawson outlines to Business Advantage PNG its plans for growth. David James reports.
Ready to export: artisanal industries in Papua New Guinea
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4 Dec 2019 by 2 Comments
There is a multi-million kina export opportunity for PNG’s artisans, according to Virginia Bruce, CEO and founder of the mentoring consultancy REAL Group. She told the Innovation PNG 2019 conference of her experience building the business ‘ecosystem’ to reach that market.
Kainantu gold mine’s aggressive expansion plans
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4 Dec 2019 by Leave a Comment
With a soaring share price, production upgrades and strong cash flows, K92 Mining is proving to be one of Papua New Guinea’s resource success stories. Chief Executive Officer John Lewins outlines the company’s aggressive expansion plans to Business Advantage PNG.
The secrets for successful innovation in Papua New Guinea
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2 Dec 2019 by Leave a Comment
Papua New Guinea is driving forward with innovation but there’s still so much to do. Pete Williams, Chief Edge Officer at the Deloitte Centre for The Edge, shared his secrets to harness the power of innovation effectively at the recent Innovation PNG 2019 conference.
2020 Budget aims to boost Papua New Guinea’s infrastructure and SMEs
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29 Nov 2019 by Leave a Comment
The Papua New Guinea Government has tabled its 2020 Budget, forecasting a big deficit designed to stimulate growth in the non-resources sector of the economy.
New rules, more independence: Kumul Petroleum’s future
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27 Nov 2019 by 1 Comment
Papua New Guinea is set to introduce new rules for petroleum licenses, according to Kumul Petroleum Holdings Limited Managing Director, Wapu Sonk. In this exclusive interview, he tells Business Advantage PNG the state-owned oil and gas company is about to undergo a transformational change.
Oil strong, LNG falls but palm oil jumps sharply [commodities]
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27 Nov 2019 by Leave a Comment
Oil and palm oil prices have strengthened but LNG continues to fall. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
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