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KK Kingston has appointed Bob Hansen as its new Chairman. Hansen was formerly Chief Executive Officer and Managing Director of Mainland Holdings. Howard Wilson, formerly with MAN Automotive and Wanless Enviro Services in Australia, has also been appointed as a Director as a replacement for Carl Winter, who resigned from the board more than a year ago.
After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]
In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]
This week's 2024 Business Advantage PNG Investment conference saw top speakers from across the business sector and government come … [Read More...]
Australia launched its inaugural Pacific Engagement Visa ballot on 3 June, with Papua New Guinea receiving the largest allocation. … [Read More...]
The Papua New Guinea kina’s exchange rate (mid-rate) against its main trading currencies, as of 25 November 2024
USD 0.2522
AUD 0.3872
GBP 0.1994
EUR 0.2391
NZD 0.4296
JPY 39.13
SGD 0.3387Source: Bank of PNG
From the Business Advantage blog
The Government of PNG should be very careful on how it is spending money on impact infrastructure projects. Some of these projects have been ‘tied down’ with overseas financiers, such as the Exim Bank of china, where all infrastructure projects will be dished out to contractors of Asian origin.
Again its a set back to our local contractors who have been successfully operating in the country for well over 30 years. Namely Shonecliffe curtain Brother etc.. For instance the new 9mile road project which has been warded to a Chinese contractor is “below standards” of poor quality, which cannot withstand the hash conditions of Port Moresby. Once again the authorities need to look into this situation and try to do something before its too late.