The archive of our Papua New Guinea Business Updates. Business Advantage PNG sends out a business update on Papua New Guinea and the region to over nine thousand subscribers by email. Below is an archive of every issue: just click on the date to read the relevant update. You can subscribe to the email free of […]
Search Results for: Papua LNG
Managing risk in Papua New Guinea
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29 Jan 2013 by 1 Comment
The insurance industry in PNG looks forward to consolidation, more growth and regulatory reform in the coming year. Optimism in PNG’s insurance sector is high with companies seeking to expand amid the strong economic growth of PNG. ‘The economy is very healthy,’ says Chris Giddings of Pacific Re, a Port Moresby-based reinsurance firm, and President […]
Lae: Papua New Guinea’s manufacturing hub
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1 Sep 2012 by Leave a Comment
PNG’s second-largest city is the focal point for the nation’s downstream processing industries. Although it plays second fiddle to the national capital Port Moresby, Lae in Morobe Province is PNG’s industrial capital and boasts considerable activity in manufacturing, trading, agribusiness and, more recently, fisheries. Lae: the facts Despite being the second city in a country […]
Big Year for PNG LNG Project
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1 May 2012 by Leave a Comment
Business Advantage speaks to the man responsible for delivering the PNG LNG Project, Peter Graham, managing director of ExxonMobil subsidiary, Esso Highlands. Do you foresee any issues with meeting the posted completion date for the PNG LNG project? What will be the major challenges and milestones over the next 12 months? 2012 is a big […]
The changing face of investment in Papua New Guinea
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1 May 2011 by Leave a Comment
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 […]
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 […]
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