The big mover this month was the cocoa price which was up 6.6 per cent for the month according to Kina Securities. Otherwise commodity prices moved sideways or weakened. Business Advantage PNG’s monthly overview of commodity and financial markets.
Cocoa surges but oil and gas prices remain weak: a monthly review of Papua New Guinea commodity and financial markets
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29 Mar 2017 by Leave a Comment
Fiji keen to broaden industry base says Trade Commissioner Zarak Khan
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28 Mar 2017 by Leave a Comment
Zarak Khan is Fiji’s Consul General and Trade Commissioner at the Fiji Consulate and Trade Commission in Sydney. He tells Business Advantage PNG that Fiji is looking to diversify its industry base.
Unrest poses threat to investment in Papua New Guinea says report
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22 Mar 2017 by Leave a Comment
An increase in the number of protests, blockades, and inter-clan rivalry in Papua New Guinea poses ‘downside risks’ to Papua New Guinea’s economic growth recovery, according to a report by BMI Research, a subsidiary of the Fitch Ratings Agency. It warns it could lead to delays or cancellations of investment projects.
Analysis: how does Bank South Pacific measure up to Australian banks?
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22 Mar 2017 by 1 Comment
Sir Kostas Constantinou, the Chairman of Bank South Pacific (BSP), has indicated the bank is considering a listing on the Australian Securities Exchange (ASX). Looking at some common ways of assessing a bank’s suitability for investment, how does Papua New Guinea’s largest bank measure up to Australia’s banks?
Word of mouth crucial to success in PNG, says Pronto Software GM
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14 Mar 2017 by 2 Comments
In Papua New Guinea you are ‘only as good as your last implementation’ says Steve Hillyard, General Manager in PNG for Pronto Software. He tells Business Advantage PNG that networking and creating positive ‘word of mouth’ are crucial for success in PNG’s ICT market.
Oil Search’s assets ‘highly profitable’ despite weak prices says MD
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7 Mar 2017 by Leave a Comment
Peter Botten, Managing Director of Oil Search tells Business Advantage PNG that the company’s Papua New Guinea assets are ‘highly profitable’ despite the low prices. He says the company is focusing on developing a five year plan for ensuring sustainability, managing exploration and working with the community.
Papua New Guinea has enough gas for five trains, says Kumul Petroleum MD
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1 Mar 2017 by 1 Comment
Papua New Guinea’s state petroleum company, Kumul Petroleum, sees its role in developing oil and gas projects in partnership with developers, according to Managing Director, Wapu Sonk. He tells Business Advantage PNG there is enough gas in the country for no less than five LNG trains.
Steamships MD Peter Langslow sees future in property development (Part 2)
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28 Feb 2017 by Leave a Comment
In the second of a two-part series, Steamships Managing Director Peter Langslow tells Business Advantage PNG that his diversified company is looking to upgrade its manufacturing activities, upgrade more hotels and is planning more property development in Papua New Guinea.
Foreign exchange shortages open up opportunities for Papua New Guinea’s manufacturers
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22 Feb 2017 by 2 Comments
The difficulty in getting foreign exchange is making goods made in Papua New Guinea more attractive, local manufacturers tell ‘Business Advantage Boardroom’, which aired last night on national broadcaster, EMTV. But a lack of protection against cheap overseas competition remains a problem.
Palm oil jumps but gas eases: a monthly review of Papua New Guinea’s commodities and financial markets
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21 Feb 2017 by 1 Comment
The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
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