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Bank of Papua New Guinea issues new directive on forex order priorities

19 Nov 2024 by Leave a Comment
Authorised foreign exchange dealers must fully clear essential trade and services orders before executing any orders for non-essential items such as dividends, under a new directive issued by Papua New Guinea’s central bank. Business Advantage PNG finds out what this means for businesses.
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‘Massive opportunity’ for private power producers in Papua New Guinea

24 Sep 2024 by Leave a Comment
Independent power producers are playing a key role in helping PNG move towards its ambitious electrification goals. But their viability will be in question until a dispute over payments is resolved.
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Papua New Guinea banks report substantial fall in forex waiting times

15 Aug 2024 by 2 Comments
Waiting times on foreign exchange orders have been falling substantially on central bank interventions and other factors, senior representatives of BSP Financial Group, Kina Bank and Westpac Papua New Guinea reveal to Business Advantage PNG.
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Day 2 report from the 2024 Papua New Guinea Investment Conference

14 Aug 2024 by Leave a Comment
Day 2 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across government and business, including Papua New Guinea's Prime Minister James Marape, state-owned enterprises such as Air Niugini and PNG Ports and business chamber presidents.
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Day 1 report from the 2024 Papua New Guinea Investment Conference

13 Aug 2024 by Leave a Comment
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings' Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
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Investment conference to focus on growth opportunities and business conditions in Papua New Guinea

30 Jul 2024 by Leave a Comment
Disruptive technology, Papua New Guinea’s next wave of infrastructure and resources projects, and the rising influence of ESG on business are some of the topics to be covered by the upcoming 2024 Business Advantage PNG Investment Conference.
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As January 10 recovery payments begin, Port Moresby businesses confront the consequences

2 Jul 2024 by Leave a Comment
Government funds to cover debris removal and business recovery have this week started to flow to businesses affected by the January 10 riots in Port Moresby. With funds for actual rebuilding still to be finalised, we talk to business leaders about the longer term consequences.
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Twinza Chair: Pasca A deal sets up ‘strategic alliance’ with MRDC

18 Jun 2024 by Leave a Comment
Last month, Twinza and Mineral Resources Development Corporation signed agreements which will see MRDC acquire a major stake in Pasca A, Papua New Guinea’s first offshore gas project. Twinza Executive Chairman Stephen Quantrill tells Business Advantage PNG the deal also paves the way for further cooperation.
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Newmont CEO affirms Wafi-Golpu ‘will be developed’

18 Jun 2024 by Leave a Comment
Newmont Corporation's Tom Palmer tells Business Advantage PNG that Papua New Guinea fits well within company’s strategy, but cautions that the prospective Wafi-Golpu copper-gold project will need to compete for capital with other projects in portfolio.
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