House prices still remain out of reach for most Port Moresby residents, according to a report by the National Research Institute. It says that changing the approach to customary land has become necessary because state land is running out.
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Releasing customary land for housing essential as state land runs out, says NRI
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20 Feb 2018 by 3 Comments
Five questions for Nambawan Super CEO, Paul Sayer
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13 Feb 2018 by 1 Comment
Super fund Nambawan Super is one of the largest sources of investment capital in Papua New Guinea. Paul Sayer was appointed CEO last August; he talks Business Advantage PNG about the fund’s approach to investments.
Sovereign wealth fund at least a year away
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6 Feb 2018 by 3 Comments
The establishment of a Sovereign Wealth Fund (SWF) in Papua New Guinea is likely to take more than a year, according to Zanie Theron, Managing Partner of professional services firm KPMG, which is advising the government. She tells Business Advantage PNG that, although there are challenges, positive signs can be observed in the business environment.
In brief: Telikom PNG in pre-APEC upgrade, and other business stories
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30 Jan 2018 by Leave a Comment
Telikom PNG in pre-APEC upgrade, strong result for Highlands Pacific, PM in Davos, Oil Search’s successful 2017, poor roads leading to food wastage, IFC sells BSP shares to Fiji fund, Nautilus trials on track, push to return artefacts
BSP CEO says forex issues will continue but medium term looks positive
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30 Jan 2018 by 1 Comment
Foreign exchange issues will continue in the short term according to Robin Fleming, Chief Executive of Bank South Pacific [BSP]. But he tells Business Advantage PNG that there are better longer-term prospects and that Papua New Guinea’s biggest bank is thriving in a challenging economic environment.
SP Hunters vs Brisbane Broncos Gala Dinner
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30 Jan 2018 by
Papua New Guinea Rugby Football League (PNGRFL) will be hosting the Brisbane Broncos and will be holding a fundraising Gala Dinner.
Oil Search to triple output in a decade, says Botten
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15 Nov 2017 by Leave a Comment
Oil Search may look to list its power business on the Papua New Guinea stock exchange, Peter Botten, Managing Director of Oil Search tells Business Advantage PNG. He says that in 10 years he hopes the company’s production will have tripled.
Horizon Oil seeks assurance from Kumul Petroleum its Western Pipeline proposal is viable
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24 Oct 2017 by 3 Comments
As Horizon Oil awaits government and regulatory approval for their mid-sized Western LNG project, CEO Brent Emmett says it is considering using Kumul Petroleum’s alternative pipeline proposal, but wants assurances the pipeline is viable before committing.
In brief: Philippines company to operate Motukea and Lae ports, and other business stories
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11 Oct 2017 by 1 Comment
Philippines port operator wins 25-year contract to run key ports, Westpac MD outlines reasons for foreign currency backlog, and domestic gas clause to be part of new LNG projects. Your weekly digest of the latest business news.
Governor of Bank of PNG tells conference higher food production critical
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13 Sep 2017 by 4 Comments
Diversification of the Papua New Guinea economy is critical to maintaining economic growth according to Loi Bakani, the Governor of the Bank of Papua New Guinea. He told the PNG Investment Conference in Sydney that a particular area of concern is the high level of food imports.
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