LNG and oil prices have weakened but the cocoa price has strengthened. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
LNG prices and oil prices down but cocoa strong: a monthly review of Papua New Guinea’s commodity and financial markets
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27 Nov 2018 by Leave a Comment
PM signs Papua New Guinea Electrification Partnership with Australia, US, Japan and US
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21 Nov 2018 by Leave a Comment
The Prime Minister Peter O’Neill has signed the Papua New Guinea Electrification Partnership with Australia, Japan, the United States and New Zealand, whose aim is to provide power to 70 per cent of the country’s population by 2030. Currently, only 13 per cent of PNG’s population has reliable access to electricity.
Prime Minister O’Neill tells APEC CEO Summit maintaining international trade rules critical
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20 Nov 2018 by Leave a Comment
The Prime Minister Peter O’Neill gave an upbeat take on the Papua New Guinea economy when opening the APEC CEO Summit. He pointed to the need for consistent trade rules, strong engagement with civil society and the community, and a focus on the opportunities offered by the digital economy.
2019 Budget aims to broaden economy and increase expenditure and revenue
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14 Nov 2018 by Leave a Comment
The Treasurer, Charles Abel, has handed down the 2019 Budget, revealing a 12 per cent jump in revenues and a 9 per cent jump in expenditures. He announced changes to the income tax threshold, and an increase in capital expenditure.
Hilton Hotel opening in Port Moresby a ‘key story’ for Papua New Guinea says MD
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13 Nov 2018 by 2 Comments
All eyes this week are on Port Moresby in general and the capital’s new Hilton Hotel in particular. Business Advantage PNG takes a look at the site that will host the APEC Leaders’ Gala Dinner and Cultural Performance.
Robots, drones and profits: how digital technology is revolutionising mining
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13 Nov 2018 by Leave a Comment
Digital technology and artificial intelligence is changing the way mining is conducted, according to Christiaan Heyning, a Partner at the consultants McKinsey & Company. But he warns that astute management is required to reap the benefits.
Identifying digital opportunities Papua New Guinea’s focus during APEC, says Executive Director
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7 Nov 2018 by Leave a Comment
The Executive Director of APEC, Alan Bollard tells Business Advantage PNG that finding digital solutions that suit Papua New Guinea has been a focus of APEC discussions. Trust and integrity will be key factors in implementation.
O’Neill to announce preliminary agreements for Papua LNG and Wafi-Golpu to coincide with APEC Leaders Meeting
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7 Nov 2018 by Leave a Comment
The Prime Minister Peter O’Neill has announced that Heads of Agreements will be signed for the Wafi-Golpu mine and Papua LNG project, to coincide with the APEC Leaders Week. In a pep to talk to business last week, he emphasised the benefits of hosting APEC 2018.
Oil and LNG prices have fallen but coffee prices jump sharply: a monthly review of Papua New Guinea’s commodity and financial markets
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30 Oct 2018 by Leave a Comment
Oil and LNG prices have shown weakness but coffee is up. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Economic integration not exploitation, says Papua New Guinea’s Treasurer
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30 Oct 2018 by 1 Comment
Papua New Guinea’s Treasurer Charles Abel says Papua New Guinea needs to take a staged approach to integration with the global economy in order to avoid being taken advantage of. Speaking at an APEC discussion forum at the University of PNG, he said recent experience suggests the nation’s foreign exchange markets may be too open.
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