Papua New Guinea is ranked as the tenth worst destination for investment in mining, according to the Fraser Institute’s Survey of Mining Companies 2020. Infrastructure and security were nominated as areas of particular concern.
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In brief: COVID-19 surge in Papua New Guinea and other business stories
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24 Feb 2021 by Leave a Comment
A surge of COVID-19 cases in Papua New Guinea, Oil Search posts major loss and NEC endorses the National Energy Authority Bill 2020. The midweek business news, curated for you by Business Advantage PNG.
New laws, new projects, new power: Kumul Petroleum’s MD on Papua New Guinea’s petroleum and gas future
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17 Feb 2021 by 4 Comments
In this exclusive interview, Wapu Sonk, Managing Director of Kumul Petroleum Holdings, looks ahead to the next decade of Papua New Guinea’s petroleum and gas sector.
Energy in Papua New Guinea: a sector profile
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10 Feb 2021 by Leave a Comment
A profile of the energy sector in Papua New Guinea, including an overview, key players, peak bodies, funding sources and incentives.
Papua New Guinea attracts more enquiries from foreign investors despite COVID-19 crisis
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8 Feb 2021 by Leave a Comment
The Investment Promotion Authority has released data on foreign investment trends in 2020 that show the sector of most interest was agriculture. Despite the impact of COVID-19 there was significant investor interest.
Foreign exchange the ‘number one’ concern for Papua New Guinea business, says Chamber head
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8 Feb 2021 by Leave a Comment
In this exclusive interview with Business Advantage PNG, Port Moresby Chamber of Commerce and Industry President Rio Fiocco, outlines the numerous challenges facing business in Papua New Guinea as 2021 gets under way.
COVID silver linings: Bank of Papua New Guinea releases economic bulletin and not all is bad news
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1 Feb 2021 by Leave a Comment
The Bank of Papua New Guinea has released its Quarterly Economic Bulletin for the March and June 2020 Quarters. It shows that the economy and government finances came under great pressure because of the COVID-19 lockdowns, but that the impact was uneven.
People moves: ExxonMobil, NDB, NBPOL, Twinza, Minister for Foreign Affairs, Pacific Community, Capital Insurance Group, Papua New Guinea Cocoa Board, Kumul Telikom Holdings
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27 Jan 2021 by Leave a Comment
ExxonMobil announces executive changes, the National Development Bank names a new Chief Financial Officer, New Britain Palm Oil appoints new boss, Lae gets a new Consul-General, Pacific Community welcomes a Deputy Director-General Operations and Integration, Capital Insurance Group names Chief Operating Officer, new head for Papua New Guinea Cocoa Board and announcement at Kumul Telikom Holdings.
COVID-19 hit to Papua New Guinea’s economy is giving rise to ‘new poor’, says World Bank
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20 Jan 2021 by 2 Comments
A new World Bank report on the economic and employment impact of COVID-19 on Pacific Island Countries has shown that the harm to Papua New Guinea’s economy, labour market and education has been extensive.
What’s on the agenda for Papua New Guinea business in 2021?
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18 Jan 2021 by 4 Comments
With the Marape government surviving a challenge late last year and vaccines for the COVID-19 virus starting to emerge, Business Advantage PNG considers what business in Papua New Guinea can expect from the year ahead.
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