Many businesses in Papua New Guinea are using the slow economic conditions to upgrade their computer systems, according to Steve Hillyard, General Manager in PNG for Pronto Software. He tells Business Advantage PNG that there is a reluctance to use cloud computing, however, due to network infrastructure reliability.
Big business upgrading computer systems during slow economic times
Welcome,
23 Jul 2018 by Leave a Comment
Releasing land titles could bolster Papua New Guinea SMEs
Welcome,
17 Jul 2018 by Leave a Comment
Granting more land titles over plantation smallholdings and National Housing Corporation housing stock, and freeing up land locked up in over 20,000 unresolved deceased estates could provide a real boost to Papua New Guinea’s small and medium enterprise (SME) sector. Dr Charles Yala, Principal & Director of Niugini Land and Properties, is calling for the more effective transfer of outstanding titles.
Clever thinking required to solve Papua New Guinea energy issues, say experts
Welcome,
17 Jul 2018 by 1 Comment
Papua New Guinea has some ambitious plans to expand its population’s access to electricity. However, boosting electricity supply across the country requires ‘some very clever thinking,’ say energy analysts.
Sharp rise in use of mobile financial services in Papua New Guinea
Welcome,
17 Jul 2018 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, has told an APEC conference on improving financial literacy that the use of mobile phones for financial services is increasing sharply. But he said there is a need to strengthen consumer digital financial literacy and awareness in the country.
Analysis: Papua New Guinea companies using rationalisation to adapt to weaker economic conditions
Welcome,
10 Jul 2018 by Leave a Comment
The sluggish Papua New Guinea economy is triggering a bout of rationalisation, two of the recent examples being in the banking and manufacturing sectors.
Rise of China creating opportunities and risks, says Treasurer Abel
Welcome,
10 Jul 2018 by 1 Comment
Treasurer Charles Abel said the rise of China is creating opportunities for Papua New Guinea. But he also pointed to potential risks and a need to develop PNG’s relationship with Australia.
Papua New Guinea’s mining sector concerned about revised Mining Act
Welcome,
3 Jul 2018 by Leave a Comment
There is growing concern in Papua New Guinea’s mining industry that changes to the Mining Act will discourage investment in the sector. The Executive Director of the PNG Chamber of Mines and Petroleum, Professor Albert Mellam, has said the mining sector is ‘strongly opposed’ to the revised Act.
Gas prices up but oil prices fall: a monthly review of Papua New Guinea’s commodity and financial markets
Welcome,
26 Jun 2018 by Leave a Comment
Gas prices rose sharply, but oil and copper were down. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Kina to acquire ANZ’s retail and commercial/SME businesses in Papua New Guinea
Welcome,
26 Jun 2018 by 1 Comment
ANZ Bank and Kina Bank have announced they have entered into an agreement for ANZ to sell its retail and commercial/small-to-medium-sized enterprise (SME) banking businesses to Kina for K24.2 million. Both banks claim the move is in line with their strategies.
Trade rules favour powerful countries but Papua New Guinea should push for influence, says WTO Director-General
Welcome,
19 Jun 2018 by Leave a Comment
The Director-General of the World Trade Organisation (WTO), Roberto Azavedo, has described world trade rules as being tilted towards the interests of more powerful countries. Speaking in Port Moresby recently, he said it is up to the private sector to lobby governments to act on its behalf.
USD 0.2522
AUD 0.3872
GBP 0.1994
EUR 0.2391
NZD 0.4296
JPY 39.13
SGD 0.3387
Recent readers’ comments