Oil Search, Papua New Guinea’s biggest company, has been suspended from trading on PNGX, the country’s stock exchange, amidst claims that it did not follow proper procedure in its recent capital raising – claims the company is refuting.
Oil Search shares suspended on Papua New Guinea’s stock exchange
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3 Jun 2020 by Leave a Comment
Papua New Guinea’s state of emergency extended by two weeks
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3 Jun 2020 by Leave a Comment
Parliament has voted to extend Papua New Guinea’s state of emergency by two weeks while it debates how the country will look when the restrictions are eventually eased.
Link PNG swoops: state-owned airline bids for a slice of PNG Air
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1 Jun 2020 by Leave a Comment
Air Niugini subsidiary Link PNG has launched a takeover bid for rival domestic carrier PNG Air – via a share acquisition from Nasfund. With the national airline undergoing significant restructuring, what are the prospects for a sustainable aviation sector in Papua New Guinea?
Tourism takes a tumble: report finds 90 per cent of 2020 bookings wiped out in Papua New Guinea
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27 May 2020 by 2 Comments
A report by the Papua New Guinea Tourism Promotion Authority (PNGTPA) has found an industry in crisis with mass cancellations, layoffs and huge losses in revenue. The PNGTPA hopes the cold statistics will force the government to act.
Crisis management: taking care of business during Papua New Guinea’s SOE
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25 May 2020 by Leave a Comment
The first in a series of Business Advantage PNG online business briefings tackled the issue of managing your business during the COVID-19 crisis. Mahesh Patel, CEO of CPL Group, and Wayne Osterberg, KPMG PNG’s Director Advisory Services, looked at the critical issues during Papua New Guinea’s state of emergency.
Pepsi is back in Papua New Guinea, and helping SMEs get a head start
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20 May 2020 by 33 Comments
After an on-again, off-again presence in Papua New Guinea, Pacific Industries has relaunched Pepsi – and they are empowering people to set up SMEs to sell it.
Business chambers to Treasury: business needs your help
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11 May 2020 by Leave a Comment
As the government seeks to start disbursing the funds raised by its COVID-19 bond, the presidents of Papua New Guinea’s two largest business chambers tell Business Advantage PNG they are looking for a stimulus package ‘with teeth’.
Power play: bringing reliable power to Papua New Guinea
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4 May 2020 by 2 Comments
PNG Power Acting CEO Douglas Mageo talks to Business Advantage PNG about the prospects for greater accessibility, reliability and affordability in electricity.
Retail rollercoaster: Papua New Guinean retailers on wild COVID-19 ride
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21 Apr 2020 by Leave a Comment
Demand is up, foot traffic is down and trading is restricted but Papua New Guinea’s retailers are finding a way through the country’s current lockdown – and some positive changes are here to stay, reports Paul Chai.
‘On their knees’: Papua New Guinea SMEs closing daily under lockdown
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20 Apr 2020 by Leave a Comment
The presidents of Papua New Guinea’s two largest business chambers, in Port Moresby and Lae, outline the difficulty for business of life under lockdown, but also point to how PNG’s economy can bounce back from the current crisis.
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