Home building in Papua New Guinea is set to accelerate sharply, according to Matthew Care, Chief Executive and founder of the real estate website Hausples.com.pg, which has an expo in Port Moresby this weekend. He tells Business Advantage PNG that the growth is being driven by pent-up demand.
Home building set to rise sharply in Papua New Guinea says real estate website CEO
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31 Oct 2017 by 1 Comment
ADB has started its 10 year investment in Highlands Highway, says Country Director
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24 Oct 2017 by 3 Comments
The Asian Development Bank has begun its decade-long US$1 billion investment in the Highlands Highway, according to David Hill, the bank’s Country Director for PNG. He says the ADB is also planning significant investment in the health and civil aviation sectors.
LNG prices strong and copper continues its upward trend: a monthly review of Papua New Guinea’s commodities and financial markets
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24 Oct 2017 by Leave a Comment
LNG prices have surged but oil prices are stable, while cocoa prices are up but coffee is down. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Eda Ranu looking to take more control of its operations, says Chairperson
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24 Oct 2017 by Leave a Comment
The government-owned Port Moresby water treatment company Eda Ranu is looking to bring more of its operations in-house. Chairperson Mary Karo tells Business Advantage PNG that preparations are also being made for APEC 2018.
World Bank forecasts continued challenges for Papua New Guinea economy
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18 Oct 2017 by Leave a Comment
The Papua New Guinea economy is unlikely to rebound strongly before 2020, according to a report by the World Bank. It forecasts steady, but unspectacular, growth.
Air Niugini looking to make Jacksons Airport a regional hub says chairman
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18 Oct 2017 by Leave a Comment
National airline Air Niugini is helping establish Jacksons International Airport as a regional hub, according to the company’s Chairman, Sir Frederick Reiher. He told the Business Advantage Papua New Guinea Investment Conference that the choice of new routes to China were made with that strategy in mind.
Papua New Guinea’s Supplementary Budget makes tough choices
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11 Oct 2017 by Leave a Comment
The National Government has issued a Supplementary Budget to deal with the fiscal and economic issues facing Papua New Guinea. Economic commentators tell Business Advantage PNG that it is a tough budget, but flag that more measures may be needed.
Papua New Guinea must promote its financial system to the world, say financiers
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11 Oct 2017 by Leave a Comment
Leading financiers have called for better international marketing of the country’s financial system and assets. They told the Business Advantage Papua New Guinea Investment Conference, that it is an important step towards creating more mature financial markets.
Oil, LNG likely to be volatile and agricultural commodity prices mixed, says report
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27 Sep 2017 by Leave a Comment
Oil prices are likely to remain volatile and LNG prices may head lower due to complex shifts in supply and demand. Other commodities seem more likely to be on an upwards trend, but the picture is patchy.
Papua New Guinea should target second tier cities in China, says expert
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27 Sep 2017 by Leave a Comment
To deal effectively with China it is best to target second tier cities, David Thomas, Chief Executive of Think Global Consulting, told the Business Advantage Papua New Guinea Investment Conference in Sydney. He said the country’s GDP and middle class will double in the next decade, profoundly altering the world economy.
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