Industry sectors

Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

14 Sep 2021 by Business Advantage PNG 7 Comments

It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea's Independent Consumer and Competition Commission has issued a 'final determination' declining authorisation of Kina's proposed acquisition of Westpac Papua New Guinea.
Read More

Santos and Oil Search agree to merge

13 Sep 2021 by Business Advantage PNG Leave a Comment

Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with 'a pro-forma market capitalisation' of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal's fate, however.
Read More

Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

9 Sep 2021 by Business Advantage PNG 2 Comments

Awarding the Pandora gas field license to Papua New Guinea’s oil & gas national company spells potential significant changes to the way licenses are granted in the country.
Read More

New grant seeks to develop better climate solution for Papua New Guinea & the Pacific

1 Sep 2021 by David James Leave a Comment

A new opportunity has emerged for private and public organisations in Papua New Guinea and the Pacific seeking funds to develop new projects to mitigate climate change.
Read More

Kina Bank reports rise in net profits for first half of the year

1 Sep 2021 by Business Advantage PNG 1 Comment

Kina Bank has reported a 36% increase in net profit for the first half of 2021, compared to the corresponding period last year. The results suggest the bank is successfully weathering the impact COVID-19 pandemic.
Read More

advertisment...

Fortescue’s pivot towards renewable energy

25 Aug 2021 by Business Advantage PNG 1 Comment

Why is Fortescue Metals Group, which makes most of its income from iron ore sales, looking at renewable energy projects in Papua New Guinea and other parts of the world?
Read More

What is Fortescue Metals Group doing in Papua New Guinea?

25 Aug 2021 by Business Advantage PNG 2 Comments

Earlier this month, Papua New Guinea's government announced a 'deed of agreement' with Australian iron ore giant, Fortescue Metals Group, to develop renewable energy projects in PNG. Business Advantage PNG learns more about its plans from Julie Shuttleworth, CEO of subsidiary Fortescue Future Industries.
Read More

ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations

25 Aug 2021 by Gabriella Munoz 2 Comments

After the stalling of previous talks, ExxonMobil and the Papua New Guinea government have announced negotiations are recommencing for the P'nyang gas project.
Read More

Papua New Guinea companies and products on show at the World Expo

24 Aug 2021 by Robert Upe 1 Comment

Papua New Guinea is getting ready to showcase some of its sweetest produce in the 2020 World Expo.
Read More

Newcrest Mining posts record profit

23 Aug 2021 by Business Advantage PNG Leave a Comment

Papua New Guinea's largest gold miner, Newcrest Mining, has lodged record profits for the 12 months ending 30 June, thanks to higher gold and copper prices and lower operating costs.
Read More

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 […]

Industry sectors

Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

Santos and Oil Search agree to merge

Papua New Guinea awards Pandora gas field licence to Kumul Petroleum

New grant seeks to develop better climate solution for Papua New Guinea & the Pacific

Kina Bank reports rise in net profits for first half of the year

Fortescue’s pivot towards renewable energy

What is Fortescue Metals Group doing in Papua New Guinea?

ExxonMobil and Papua New Guinea to restart P’nyang gas project negotiations

Papua New Guinea companies and products on show at the World Expo

Newcrest Mining posts record profit

Editor’s picks

Economic update: Papua New Guinea’s decade of growth begins

Restaurant review: Lucky Lucky, Port Moresby

Papua New Guinea’s banks embrace a digital future

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

Kina exchange rate

From the Business Advantage blog

Recent readers’ comments

Sign In

Subscribe

Industry sectors

Register to receive our free PNG Business Update emails

Editor’s picks

Kina exchange rate

Recent readers’ comments