Air Niugini’s new Operations Manager in Solomon Islands, Cabinet to appoint a new Chairman of PNG Power, a new Acting Secretary for Petroleum and Energy
Papua New Guinea drought still affecting economy, in spite of rainfall
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8 Mar 2016 by Leave a Comment
Although many parts of the country are returning to normal, the Papua New Guinea drought is continuing to affect both its formal and informal economies. Business Advantage PNG receives an update on the situation from agricultural expert, Dr Mike Bourke.
SME policy launch reflects growing realisation that Papua New Guinea cannot rely solely on the resources sector
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2 Mar 2016 by 8 Comments
The launch of the country’s first master plan to develop the Small and Medium Sized Enterprise (SME) sector reflects a growing acknowledgment by Cabinet ministers that they need to grow sectors other than mining.
Chinese business delegation in Papua New Guinea to examine investment opportunities
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24 Feb 2016 by 4 Comments
Thirty-six executives from major Chinese energy, forestry, fisheries, tourism and construction businesses are in PNG this week to look for investment and development opportunities. Pacific Trade Commissioner David Morris is leading the delegation. This week’s trip to PNG reflects ‘very strong’ Chinese interest in supporting infrastructure development and in PNG’s capacity to supply China with goods […]
People moves: K92 Holdings
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24 Feb 2016 by Leave a Comment
A new board member for K92 Holdings Otterburn Resources has appointed geologist Graham Wheelock to the Board of Directors of K92 Holdings International, which holds the tenement for the Kainantu gold-copper project in Eastern Highlands.
In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories
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24 Feb 2016 by Leave a Comment
Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]
Wafi-Golpu gold mine ‘a boon’ for Morobe Province and Papua New Guinea, say business leaders
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23 Feb 2016 by 8 Comments
Businesses in Morobe Province and Papua New Guinea will benefit immensely from the proposed Wafi-Golpu gold and copper mine, according to business leaders in Lae.
‘Robust investment case’ for Papua New Guinea’s Wafi-Golpu gold project, say venture partners
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17 Feb 2016 by Leave a Comment
The latest feasibility study of the proposed Wafi-Golpu copper and gold project confirms ‘a robust investment case-one which supports proceeding with the project’, says joint venture partner.
Papua New Guinea’s forestry sector confronts China weakness
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16 Feb 2016 by Leave a Comment
The Chief Executive of the Papua New Guinea Forest Industries Association, Bob Tate, claims that PNG’s forestry sector is coming under increasing pressure. He points to a drop in demand from China, lower foreign capital investment and moves by the PNG government to lift industry turnover taxes.
First ‘Bougainville Bar’ chocolate goes on sale in NZ, as quality of Papua New Guinea cocoa recognised
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6 Jan 2016 by 2 Comments
A new ‘Bougainville Bar’ has gone on sale in New Zealand this month, marking an increased awareness by international chocolate makers of Papua New Guinea’s high quality cocoa. As Business Advantage PNG discovers, the project was made possible through a very modern form of capital raising: crowdfunding.
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