A burgeoning middle class, an increase in expatriate workers and some entrepreneurial initiative is transforming the local cuisine. One of the more progressive developments is Pacific Palms Property’s Harbourside precinct, which will host up to six restaurants. Business Advantage PNG speaks to the General Manager, Andrew Potter, and Travers Chue, who runs one of the tenants—Duffy café.
AES preparing for the next economic upturn
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20 Apr 2016 by Leave a Comment
The downturn in the Papua New Guinea economy has presented challenges for Avenell Engineering Systems (AES). But Managing Director Dominic Avenell tells Business Advantage PNG that the company has adapted well. AES is, he says, strengthening its capabilities and preparing for the next upturn.
Papua New Guinea kina set to fall further, say analysts
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6 Apr 2016 by 2 Comments
Papua New Guinea’s currency, the kina, has fallen over the last year; many are predicting it will go lower. Business Advantage PNG talks exclusively to two analysts about where the currency is headed and how it will affect business conditions.
Results of Papua New Guinea’s major companies show some struggling more than others
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15 Mar 2016 by 2 Comments
Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
Resources sector needs legislation that will position it for the future: Chamber
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1 Mar 2016 by Leave a Comment
Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.
Papua New Guinea participates in a global transparency initiative for the resources industries
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24 Feb 2016 by Leave a Comment
Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.
Landfill Energies to convert waste into electricity in Port Moresby
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15 Feb 2016 by 1 Comment
Waste conversion company Landfill Energies is proposing to construct a plant in Port Moresby to turn municipal solid waste into electricity and diesel fuel. The company says it has a contract with PNG Power to provide electricity and intends to commence in early 2017.
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