Things are looking up for Papua New Guinea’s manufacturing sector and moves are afoot to develop strategies to foster local companies. David James profiles the sector.
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Conditions tough in Papua New Guinea’s construction industry but hopes are rising
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15 May 2019 by Leave a Comment
Papua New Guinea’s construction industry continues to face challenges, says Frank McQuoid, Chairman of manufacturer Steel Industries. But others say it is on the edge of a boom that will extend beyond the resource sector. David James examines both sides of the story.
Getting Papua New Guinea’s future resources projects funded
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6 May 2019 by Leave a Comment
US–China rivalry is likely to have a major impact on how future resources projects are funded, according to the ANZ’s Jonathan Bloch. He outlines some of the steps Papua New Guinea’s government can take to make such projects ready for investment.
Kumul Petroleum’s ambitious plans to boost electrification in Papua New Guinea
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29 Apr 2019 by Leave a Comment
Papua New Guinea’s national oil and gas company plan to increase household electrification and encourage growth in remote locations. Its Managing Director, Wapu Sonk, has revealed the company plans to diversify and focus on more downstream activities in order to maintain revenues.
Both oil and gas prices strengthen: a monthly review of Papua New Guinea’s commodities and financial markets
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29 Apr 2019 by Leave a Comment
Oil continues to surge and gas prices show signs of recovery Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
In Brief: Papua New Guinea’s Prime Minister visit to China and other business stories
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28 Apr 2019 by Leave a Comment
Primer Minister Peter O’Neill travelled to China to attend a business forum, five Members of Parliament resigned and Oil Search outlined the terms of agreement of Papua LNG. Your weekly digest of business news.
The lessons we learned from Papua New Guinea’s last boom
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15 Apr 2019 by Leave a Comment
Papua New Guinea is on the verge of stronger growth after a number of quiet years. Michael Kingston, Chief Executive of diversified manufacturer K K Kingston, shares with Business Advantage PNG the lessons he learned from the country’s last boom.
In Brief: Papua New Guinea’s growth to rebound in 2019 and other business stories
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15 Apr 2019 by Leave a Comment
ANZ releases a positive economic outlook for PNG, James Marape resigns as Finance Minister and the Boluminski Highway in New Ireland province is open. Your weekly digest of business news.
Crime prevention in Papua New Guinea set to go high-tech
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12 Apr 2019 by Leave a Comment
Security firms are becoming more sophisticated in how they deter, monitor and apprehend individuals committing crimes, according to Laine Kidner, Chief Executive of consultancy Connected South Pacific. He also tells Business Advantage PNG that it’s important for businesses to understand why crime occurs in Papua New Guinea.
Bank of Papua New Guinea urges tougher stance on new resources projects
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10 Apr 2019 by Leave a Comment
The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.
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