Papua New Guinea’s agricultural sector is the backbone of the economy and a substantial contributor to national income, Steve Woodhouse, host of EMTV’s ‘Farming PNG’ program, tells Business Advantage PNG. He calls for changes to the regulatory bodies.
Opinion: More investment and reforms needed in Papua New Guinea agriculture
Welcome,
6 Jun 2017 by Leave a Comment
Papua New Guinea economy stabilising, but financial stresses remain says Bank of PNG
Welcome,
5 Jun 2017 by 1 Comment
The Papua New Guinea economy is gradually stabilising as it adjusts to the impact of the PNG LNG project, according to the Bank of PNG’s latest Monetary Policy Statement. Real economic growth is predicted to be 2.8 per cent, the kina has been steady, and the 2016 balance of payments was in surplus. But there are financial stresses, as David James reports.
Commodities stable but LNG weak: a monthly review of Papua New Guinea’s commodities and financial markets
Welcome,
31 May 2017 by Leave a Comment
Commodity prices were reasonably stable over the month and precious metals strengthened. But the weakness in Liquefied Natural Gas (LNG) prices continued. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
Five questions for Michael McMillan, Townsville Enterprise policy director
Welcome,
30 May 2017 by Leave a Comment
Michael McMillan, Director of Policy and Investment for the Townsville Enterprise, explains to Business Advantage PNG that, with Air Niugini now conducting direct flights from Townsville to Port Moresby, there is greater reciprocal interest between the two cities. He says a delegation of Townsville business people went in May to Papua New Guinea’s capital city to look at the business possibilities.
Solomon Islands looks to tourism for growth
Welcome,
29 May 2017 by Leave a Comment
The Solomon Islands has great potential as a tourism destination, but there are obstacles to be overcome. In the second of a two part series, Business Advantage PNG looks at the opportunities and challenges, including in the hotel business.
Excess kina liquidity may open up opportunities for local companies in Papua New Guinea
Welcome,
24 May 2017 by Leave a Comment
The lack of availability of foreign exchange is creating imbalances within the Papua New Guinea financial system, according to a report by Kina Securities. It says there is a build up of liquidity in kina, which may have implications for the financial strategies of domestic companies.
Kumul Telikom rolling out 4G network across Papua New Guinea, says Chairman
Welcome,
23 May 2017 by 4 Comments
Kumul Telikom Chairman Mahesh Patel says the Papua New Guinea telco is close to rolling out its 4G services. He tells ‘Business Advantage Boardroom’, which aired on national broadcaster EMTV, that the merger of bmobile, DataCo and Telikom PNG is necessary to make the state- owned enterprise efficient and manage the technological challenges.
The Solomon Islands are ripe for growth, says the chair of its chamber of commerce and industry
Welcome,
23 May 2017 by 1 Comment
The Solomon Islands’ economy grew by three and a half times between 2003 and 2016. In the first of a two part series, Business Advantage PNG looks at the challenges and opportunities facing the emerging nation.
PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry
Welcome,
17 May 2017 by 1 Comment
The Prime Minister Peter O’Neill has outlined a plan of greater government involvement in Papua New Guinea’s industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O’Neill described the need both to broaden the industry base and to move some industries up the value chain.
Rhodes’ regional approach to servicing Papua New Guinea
Welcome,
16 May 2017 by 20 Comments
Rhodes is a pre-fabricated buildings company focused on the Papua New Guinea market that has support operations in Australia, the Philippines and China. Managing Director Emanuel Papas outlines the strategy to Business Advantage PNG.
USD 0.2487
AUD 0.3924
GBP 0.1928
EUR 0.2301
NZD 0.4336
JPY 37.04
SGD 0.3314
Recent readers’ comments