Small and medium sized enterprises (SMEs) need a more supportive business environment in order to flourish and reach international markets, Millennium Water Managing Director, Achilles Peni tells Business Advantage PNG.
A new development on the Papua New Guinea University of Technology’s campus in Lae will give PNG’s second city its first shopping mall. Vice-Chancellor Dr Albert Schram tells Business Advantage PNG the plan includes housing, shops, banks and business offices.
Papua New Guinea’s foreign exchange problems are a symptom of an overly narrow industry base, according to a new report by the Business Council of PNG. It says the new government also needs to look at widening the tax base and improving infrastructure.
Work on the ‘most critical’ 90-kilometre section of the Highlands Highway will begin later this year, under an ambitious 10-year repair and maintenance program, funded by the Asian Development Bank. Works Secretary David Wereh tells Business Advantage PNG, he is already looking to use the funding model to ‘fix’ 16 High Priority roads in other parts of the country.
Papua New Guinea is taking a multi-pronged approach to its energy provision. Business Advantage PNG takes a look at the nation’s approach to meeting its power needs.
The APEC meeting in 2018 in Port Moresby will be a major boost for the country, David Toua, the President of the Business Council of PNG (BCPNG), tells Business Advantage PNG. Analysts say in the past benefits have been shown to outweigh the costs.
Despite 2016 being ‘a relatively quiet time’, Steamships Managing Director Peter Langslow, in the first of a two part series, says his diversified company is becoming more efficient and continuing to invest in its operations in PNG in preparation for the next upturn.
National airline Air Niugini is set to commence bi-weekly flights to Townsville in the Australian state of Queensland from March 2017. The move strengthens Port Moresby’s Jacksons International Airport status as a regional aviation hub.
After 20 years building a successful transport company, Mapai Transport founder Jacob Luke is exploring ways to correct PNG’s trade imbalance with NZ, and providing training opportunities for young Papua New Guineans.
By the time of the APEC Summit in 2018, Port Moresby could have as many as 2590 high-end hotel rooms, and conference capacity for many thousands. Hoteliers tell Business Advantage PNG that the increase in scale and quality means the capital could become a world-class regional conference venue.