Renegotiating terms or refinancing are proving to be the best way to deal with the shock caused by COVID-19 according to Mark Baker, Managing Director of ANZ Bank Papua New Guinea. In an exclusive interview he tells Business Advantage PNG that improving confidence is the big challenge.
Anthony Pakakota, CEO of bmobile, said that the company’s future is in the space of ecommerce, but some challenges remain, including SIM registration for Papua New Guineans with no form of identification.
Speaking at a Business Advantage PNG webinar, two of the region’s largest infrastructure investment funds – the Asian Development Bank and the new Australian Infrastructure Finance Facility for the Pacific – have announced major support for road and electricity projects in Papua New Guinea, with more to come.
The Papua New Guinea government’s proposal to move to production sharing agreements in resource projects may not solve the government’s financial problems and there is a risk it will harm the country’s reputation for being a good place to invest, according to the industry itself.
Papua New Guinea’s Prime Minister, James Marape, has insisted that the country’s proposed LNG projects, Papua LNG and P’nyang, will be dealt with as separate projects.
Paradise Foods has seen over 30% growth over the past six months and its future looks even brighter. James Rice, Group CEO of Papua New Guinea’s oldest food manufacturing company, spoke with Business Advantage PNG to explain why.
Bank South Pacific’s new BSP Pay service is launched this month with a view to helping MSMEs reach its 1.8 million customers online.
The PNG Coastal Ship Owners Association has had a revamp and it has a new aim to make sure that this vital service gets the respect it deserves. New chairman of the association, James Midgley, talks to Business Advantage PNG.
What progress has solar energy made in Papua New Guinea and what is its potential, particularly for business? Christian Lohberger, President and founder of the Solar Energy Association of PNG and co-founder of Astra Solar Ltd, shares his views with Business Advantage PNG.
Papua New Guinea’s government has moved to effectively take over the Porgera gold mine in Enga Province by issuing a Special Mining Lease to state-owned mining company, Kumul Minerals Holdings. Legal challenges look likely.