Things are looking up for Papua New Guinea’s manufacturing sector and moves are afoot to develop strategies to foster local companies. David James profiles the sector.
Conditions tough in Papua New Guinea’s construction industry but hopes are rising
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15 May 2019 by Leave a Comment
Papua New Guinea’s construction industry continues to face challenges, says Frank McQuoid, Chairman of manufacturer Steel Industries. But others say it is on the edge of a boom that will extend beyond the resource sector. David James examines both sides of the story.
Investment Promotion Authority reveals guidelines for changes to foreign investment in Papua New Guinea
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1 May 2019 by Leave a Comment
Papua New Guinea’s foreign investment laws are under review, with the government trying to balance the interests of local businesses and foreign investors. David James looks at what is being proposed so far.
Both oil and gas prices strengthen: a monthly review of Papua New Guinea’s commodities and financial markets
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29 Apr 2019 by Leave a Comment
Oil continues to surge and gas prices show signs of recovery Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Property still prohibitively expensive in Papua New Guinea
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24 Apr 2019 by Leave a Comment
A new report indicates that most Papua New Guineans still consider house prices to be out of reach, although some believe this is an ideal time for buying.
Subsidy changes transforming the fish processing industry in Papua New Guinea
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23 Apr 2019 by Leave a Comment
As part of its effort to diversify the economy, the Government has shifted to subsidising fish processing in Papua New Guinea, rather than subsidising the catching of fish. It is one of the changes occurring in the industry. Three manufacturers talk about the changes and challenges PNG’s fish processing industry is facing.
Digital ID, digital money: how the mobile phone can reach the unbanked in Papua New Guinea
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17 Apr 2019 by Leave a Comment
Three quarters of Papua New Guinea’s population is excluded from the financial sector, but there are differing thoughts about how to include them. David James looks at some of the options being proposed for PNG and notes the mobile phone is the key to all of them.
The lessons we learned from Papua New Guinea’s last boom
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15 Apr 2019 by Leave a Comment
Papua New Guinea is on the verge of stronger growth after a number of quiet years. Michael Kingston, Chief Executive of diversified manufacturer K K Kingston, shares with Business Advantage PNG the lessons he learned from the country’s last boom.
Bank of Papua New Guinea urges tougher stance on new resources projects
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10 Apr 2019 by Leave a Comment
The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.
US$10 billion Papua LNG agreement signed between Papua New Guinea government and developers
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9 Apr 2019 by Leave a Comment
The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG’s gas production, represents the second-largest foreign direct investment ever in the country.
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