As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.
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In Papua New Guinea for the long stay: Hilton, Marriott and more
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26 Mar 2024 by Leave a Comment
Papua New Guinea’s property developers have been busy renovating properties and putting the finishing touches to new projects, including Marriott- and Hilton-branded executive apartments, as the sector gears up for greater economic activity.
‘Cautiously optimistic’: BSP CEO sees improved conditions as Papua New Guinea’s resources projects ramp up
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28 Feb 2024 by Leave a Comment
How does Papua New Guinea’s largest bank see the outlook for business this year? In this exclusive interview with Business Advantage PNG, BSP Financial Group’s CEO Mark Robinson assesses the trends, risks and opportunities, and how factors such as foreign exchange and a devaluing kina will play a part.
Large-scale fabrication plant to underpin industrial park outside Papua New Guinea’s capital
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14 Feb 2024 by Leave a Comment
Work has begun on Kumul Petroleum Holdings Ltd’s US$100 million steel fabrication plant just north-west of Port Moresby. In an exclusive interview, Kumul Petroleum MD Wapu Sonk outlines how the facility will boost PNG manufacturing, and anchor a new Special Economic Zone in the Caution Bay area.
Resources boom to usher in ‘the most exciting ten years’ for Papua New Guinea: Prime Minister Marape
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31 Jan 2024 by Leave a Comment
James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.
2024: what can Papua New Guinea business expect from the year ahead?
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17 Jan 2024 by 1 Comment
Papua LNG, forex and law and order. Business Advantage PNG looks to the year ahead and considers what Papua New Guinea-focused businesses can expect in the coming 12 months.
Better times ahead on foreign exchange, says Bank of Papua New Guinea Acting Governor
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11 Oct 2023 by 2 Comments
September was another tough month for availability of foreign exchange in Papua New Guinea, but central bank Acting Governor Elizabeth Genia has moved to reassure business that the bank is committed to supporting the kina as it adjusts to a lower level against the US dollar. She’s also flagging better times ahead on forex.
Six things business needs to know about Papua New Guinea’s economy [analysis]
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14 Sep 2023 by 2 Comments
Westpac’s Senior Economist Justin Smirk has been studying Papua New Guinea’s economy for over 20 years. He recently provided the 2023 Business Advantage Investment Conference with six things businesses should understand about PNG’s economy, as we wait for the next wave of resources investment to begin.
Conference catches Papua New Guinea of the cusp of a new era of investment
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21 Aug 2023 by Leave a Comment
Investment and partnership opportunities were a focus at this year’s 2023 Business Advantage Papua New Guinea Investment Conference in Brisbane, with numbers exceeding pre-COVID levels.
Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea
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1 Aug 2023 by 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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