Latest news Archives - Page 4 of 142 - Business Advantage PNG

No hard devaluation of the kina, says Bank of Papua New Guinea Governor

21 Aug 2023 by Business Advantage PNG Leave a Comment

With a new strategy to manage Papua New Guinea's foreign exchange shortages expected soon, the Bank of Papua New Guinea's Acting Governor, Elizabeth Genia, has moved to reassure business leaders that a devaluation of the country's currency is not on the cards.
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In brief: Papua New Guinea’s Mid-Year Economic and Fiscal Outlook shows inflation slowing, and other business stories

17 Aug 2023 by Business Advantage PNG Leave a Comment

Papua New Guinea's Mid-Year Economic and Fiscal Outlook shows inflation slowing, Airbus wins race to replace Air Niugini fleet, while Securities Commission revokes Melanesian Trustee Services Limited's trustee license. Your business news in brief.
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State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply

2 Aug 2023 by Business Advantage PNG 2 Comments

In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
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In brief: PNG Power’s tariffs rise for the first time in a decade and other stories

1 Aug 2023 by Business Advantage PNG Leave a Comment

Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.
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Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea

1 Aug 2023 by Mark Story 5 Comments

Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
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Increased trade between Papua New Guinea and Indonesia set to be a focus

25 Jul 2023 by Mark Story Leave a Comment

The recent visit by Indonesian President Joko Widodo to Papua New Guinea is a sign of increased interest in boosting the trade relationship with PNG’s closest neighbour. Business Advantage PNG examines the business case.
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Final steps towards the reopening of Porgera gold mine now under way

19 Jul 2023 by Business Advantage PNG 1 Comment

After over three years' closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
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Hundreds of businesses register for Papua LNG early works contracts

19 Jul 2023 by Mark Story 2 Comments

Ahead of registrations for early works contracts on Papua LNG closing, the Institute of Banking and Business Management’s CEO Susil Nelson-Kongoi walked Business Advantage PNG through recent developments
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In brief: Puma Energy foreshadows risk of fuel shortages and other business stories

19 Jul 2023 by Business Advantage PNG Leave a Comment

Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
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Massive fleet upgrade to transform Papua New Guinea’s Air Niugini

13 Jul 2023 by Mark Story 8 Comments

Air Niugini’s ambitious 15-year fleet plan will improve efficiency, reliability and allow new international routes to be added.
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Economic update: Papua New Guinea’s decade of growth begins

As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our … [Read More...]

Restaurant review: Lucky Lucky, Port Moresby

Port Moresby’s flourishing dining scene now features a Thai restaurant – and it’s a good ’un. Lucky Lucky launched in late … [Read More...]

Papua New Guinea’s banks embrace a digital future

Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, … [Read More...]

A closer look at Papua New Guinea’s new international airport, Nadzab Tomodachi

The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab … [Read More...]

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]