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Papua New Guinea’s ports anticipate lift in freight volumes

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2 May 2024 by Leave a Comment

After a challenging 2023, Papua New Guinea’s port and road transport operators are preparing for a significant recovery in demand this year.

Filed Under: Features, Infrastructure, Transport and logistics Tagged With: , , , ,

In Papua New Guinea for the long stay: Hilton, Marriott and more

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26 Mar 2024 by Leave a Comment

Papua New Guinea’s property developers have been busy renovating properties and putting the finishing touches to new projects, including Marriott- and Hilton-branded executive apartments, as the sector gears up for greater economic activity.

Filed Under: Features, Property and real estate Tagged With: , , , , , ,

The eyes in the skies: new satellite technology hits Papua New Guinea

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13 Mar 2024 by Leave a Comment

A slew of new satellite technologies promise a future of faster connections and lower prices, especially in Papua New Guinea’s most remote regions. Tony Jordan previews what’s ahead.

Filed Under: Features, ICT Tagged With: , , , ,

Papua New Guinea faces higher fuel prices as shortages continue

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29 Feb 2024 by Leave a Comment

Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy’s operations in the country. Meanwhile, short-term solutions are being put in place.

Filed Under: Economy/Investment, Latest news, News, Transport and logistics Tagged With: , , ,

MiBank’s tech solution solves remote banking challenge in Papua New Guinea

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15 Feb 2024 by Leave a Comment

How do landowner groups in remote parts of Papua New Guinea conduct their banking without the internet and without a bank branch in sight? Microfinance business MiBank has come up with an award-winning solution.

Filed Under: Banking and finance, Features, ICT Tagged With: , ,

TotalEnergies zeroes in on final barriers to Papua LNG project go-ahead

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14 Feb 2024 by 2 Comments

A final investment decision on the Papua LNG project remains on the agenda for this year. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG through the milestones ahead for the US$10 billion-plus gas project.

Filed Under: Features, Latest news, Mining/petroleum, News Tagged With: , ,

Economic growth is key to easing foreign exchange crunch, says Bank of Papua New Guinea Chairman

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31 Jan 2024 by Leave a Comment

Chairman of the Bank of PNG, David Toua, talks exclusively about reforms to the central bank, the foreign exchange situation, interest rates and the phasing out of bank cheques.

Filed Under: Banking and finance, Economy/Investment, Features, Interviews Tagged With: , ,

GoFood PNG delivers for expanding middle class and youth markets, sets sights on expansion

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17 Jan 2024 by Leave a Comment

GoFood PNG started its food delivery service in 2016 with a single car and a website. After explosive growth during the COVID-19 emergency, it’s now preparing to expand into new markets, including Lae and Mount Hagen.

Filed Under: Business services, Entrepreneurs, Features, Sections Tagged With: ,

Papua LNG investment decision faces delay as financiers grapple with climate concerns

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13 Dec 2023 by 4 Comments

The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.

Filed Under: Latest news, Mining/petroleum, News Tagged With: , , ,