With PNG expected to grow faster than China in 2011, Business Advantage examines just who is investing in PNG and in what sectors, and asks where the best opportunities lie in the future. ‘We’re at the start of a very long term growth period—the outlook long-term is extraordinary,’ says Rod Mitchell, the joint-CEO of PNG […]
Search Results for: Papua LNG
Papua New Guinea looks north for investors
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1 May 2011 by 1 Comment
PNG’s current economic upturn has involved a notable increase in foreign direct investment from Asia. Most prominently, the Ramu Nickel project represents China’s first major investment in PNG, but there has also been major investment in forestry, fisheries and retail. Malaysia for one has a range of substantial interests in sectors ranging from agribusiness and […]
Key investment organisations in Papua New Guinea
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1 May 2011 by Leave a Comment
Two organisations worth knowing about if you’re looking to invest in Papua New Guinea. Investment Promotion Authority (www.ipa.gov.pg) The IPA is the first point of contact for any potential investor considering doing business in PNG. Not only is the IPA responsible for promoting PNG as a business and investment destination, including the facilitation of trade visits, […]
Papua New Guinea’s ICT evolution
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1 May 2011 by Leave a Comment
Information and communications technology (ICT) reform in Papua New Guinea is not only delivering cheaper prices and stronger competition: it is also helping businesses devise a new generation of innovative services. As most companies that do business there will tell you, while it can be very rewarding, Papua New Guinea is a demanding environment in […]
Case Study: Ela Motors, driving Papua New Guinea’s growth
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1 May 2010 by Leave a Comment
Toyota Tsusho subsidiary Ela Motors has a long and distinguished history in PNG. Its current programme of new investment illustrates how standards are rising fast in PNG’s services sector. While many automotive businesses around the world suffered during the global downturn, automotive sales and service company Ela Motors grew significantly in PNG and dominated the […]
OilSearch celebrates 80 years in Papua New Guinea
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1 May 2009 by Leave a Comment
OilSearch Limited is PNG’s longest-established resources company, with an 80-year history of operations in the country. It currently operates all of PNG’s producing oil and gas fields and also has operations in Australia, Yemen and the United Arab Emirates. In fact, the company is still making history, announcing a record US$240 million post-tax profit for […]
In brief: Porgera’s Special Mining Lease application lodged and other business stories
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21 Jun 2023 by 1 Comment
Special Mining Lease application for the Porgera mine lodged, Japanese company JX Nippon to hold a stake of Papua LNG, and Papua New Guinea’s first green finance policy launched. Your business news in summary.
New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’
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19 Sep 2021 by Leave a Comment
Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.
Shifting through the low gears
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5 Mar 2021 by Leave a Comment
Given the delicate state of Papua New Guinea’s economy, as indicated by recent World Bank and Asian Development Bank forecasts, the news last month that the final legislative hurdle for the Papua LNG project had been delivered is welcome.
In brief: Talks with Total to resume and other business stories
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7 Dec 2020 by Leave a Comment
Supreme Court to make ruling, Telikom PNG cuts fixed-line call services, and a Total delegation readies to talk Papua LNG. The business news you need to kickstart your week.
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