With regulatory approval finally received for ANZ’s sale of its retail banking assets in Papua New Guinea, ANZ PNG’s Chief Executive Officer Mark Baker talks to Business Advantage PNG about the bank’s future plans in the country.
Papua LNG head talks exclusively about the future of the project
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3 Apr 2019 by 1 Comment
With the signing of the Papua LNG gas agreement with Papua New Guinea’s government imminent, Managing Director of Total PNG Ltd, Jean-Marc Noiray, shares his thoughts on the US$10 billion Papua LNG project with Business Advantage PNG.
Coral Sea Cable will mean complete rethink for Papua New Guinea business says Deloitte Digital guru
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1 Apr 2019 by Leave a Comment
Data costs are likely to fall by 80 per cent because of the Coral Sea Cable System, which is scheduled to be connected to Port Moresby later this year, according to Peter Williams, Chief Executive of Deloitte Digital. He believes Papua New Guinean businesses will have to rethink their approach to investment, hiring, management and technological roll out.
Government policies set a more optimistic mood for Papua New Guinea’s manufacturers
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27 Mar 2019 by 1 Comment
The Chief Executive of the Manufacturers Council of Papua New Guinea, Chey Scovell, has given an upbeat assessment of the prospects for the manufacturing sector. He tells Business Advantage PNG that the mood, while cautious, is becoming more optimistic.
Oil prices continue to rise, but LNG prices sharply down: a monthly review of Papua New Guinea’s commodity and financial markets
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27 Mar 2019 by Leave a Comment
Oil prices have strengthened, but LNG prices have come off sharply. Copper has eased slightly. Business Advantage PNG’s monthly overview of commodity and financial markets.
New players set to almost double Port Moresby’s power generation capacity
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27 Mar 2019 by 1 Comment
Port Moresby’s electricity generation capacity is set to almost double, with the advent of two new independent power producers, Dirio Gas & Power and NiuPower. For the first time, gas will be used for domestic power supply in Papua New Guinea—but challenges remain.
SP Brewery MD sees better future for manufacturers in Papua New Guinea
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25 Mar 2019 by Leave a Comment
Being a manufacturer in Papua New Guinea means managing its economic cycles, says Stan Joyce, Managing Director of SP Brewery, Papua New Guinea’s largest brewer. He tells Business Advantage PNG the economy is starting to turn in the manufacturing sector’s favour.
Faster and cheaper internet will open up opportunities for Papua New Guinea’s businesses
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25 Mar 2019 by 1 Comment
The high speed Coral Sea Cable System, expected to be completed by the end of this year, will open up development possibilities for several Papua New Guinea industries. Laine Kidner, Chief Executive of data centre services company Connected South Pacific, outlines some of the outstanding opportunities to Business Advantage PNG.
Air Niugini aiming at K60 million turnaround in 2019, says Chief Executive
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20 Mar 2019 by Leave a Comment
The new Chief Executive of Air Niugini, Alan Milne, says that after two difficult years for the airline, the prospects are looking much better. He says he is adopting a ‘four pillar’ program to transform the carrier.
Papua New Guinea’s controversial proposed foreign investment bill to be withdrawn, say chambers
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13 Mar 2019 by 1 Comment
The proposed Foreign Investment Regulatory Authority Act has been withdrawn, according to Papua New Guinea’s two largest Chambers of Commerce and Industry. They say that the Minister for Commerce & Industry, Wera Mori, would instead look to amend the Investment Promotion Act.
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