Currently, the only way of bringing bulk agricultural produce out of Papua New Guinea’s fertile Highlands is down the Highlands Highway to the port city of Lae. A new study has identified a faster second route—through Gulf Province. Business Advantage PNG investigates.
Second route out of Papua New Guinea’s Highlands could transform country: IFC study
Welcome,
12 Aug 2019 by 1 Comment
Identifying digital opportunities Papua New Guinea’s focus during APEC, says Executive Director
Welcome,
7 Nov 2018 by Leave a Comment
The Executive Director of APEC, Alan Bollard tells Business Advantage PNG that finding digital solutions that suit Papua New Guinea has been a focus of APEC discussions. Trust and integrity will be key factors in implementation.
IFC to issue Papua New Guinea’s first AAA-rated domestic bond to deepen financial markets
Welcome,
23 Oct 2018 by Leave a Comment
Following the successful launch of Papua New Guinea’s first sovereign bond, the International Finance Corporation is intending to issue a AAA bond as part of its efforts to deepen the financial markets in Papua New Guinea. John Vivian, IFC’s Resident Representative for Papua New Guinea, tells Business Advantage PNG that it can also assist corporate funding.
In brief: Abel to present on economic integration, and other business news
Welcome,
9 Oct 2018 by Leave a Comment
Abel on economic integration, renewable energy transition by 2050 and a K2m commitment to revive Goilala coffee. Your weekly digest of the latest business news.
Tourism study reveals visitors to Papua New Guinea spent K260 million in first half of year
Welcome,
2 Oct 2018 by 3 Comments
A study by the International Finance Corporation has found that for the first six months of the year, there were 34,600 tourist visitors to Papua New Guinea. They spent a total of US$78 million (K260 million), which was an average of US$2262 (K7529) per trip.
Companies investing locally this year but will switch to starting up new operations next year, according to round table
Welcome,
21 Aug 2018 by Leave a Comment
Companies are reducing the size of the businesses, now using excess capital to acquire domestically but may be switching to starting up operations next year. They were some of the observations in a round table discussion on Papua New Guinea’s investment environment at the Business Advantage Invest Forum in Brisbane.
Improving access to finance the key to solar power expansion in Papua New Guinea
Welcome,
3 Jul 2018 by 3 Comments
Improved access to finance could the rapid development of solar power, according to Jon Pittar, Managing Director of solar provider, Solar Solutions PNG. If the government is to achieve its energy goal of giving access to power to 70 per cent of the population by 2030, he believes solar-powered systems must be provided to rural communities.
Local knowledge and ‘being there’ critical for business success in the Pacific region
Welcome,
15 Nov 2017 by 1 Comment
Looking to invest successfully in the Pacific? There’s no substitute for understanding your market and its people, and for being on the ground. Three successful regional investors also outlined to the Business Investment PNG Conference which sectors have the most potential.
In brief: Tourism brings in only US$105 million in the first half of 2017, and other business stories
Welcome,
27 Sep 2017 by 1 Comment
Tourism brings in only US$105 million in the first half of 2017, Lae businesses downturn about 30 per cent, says business leader, and SP Hunters win. Your weekly digest of the latest business news.
Five questions about the Solomon Islands to the IFC’s Vsevolod Payevskiy
Welcome,
12 Jul 2017 by 1 Comment
The Solomon Islands’ economy has a rich resource base but faces many obstacles, according to Vsevolod (Seva) Payevskiy, Country Resident Representative for the International Finance Corporation. He tells Business Advantage PNG the best options for growth are agriculture, fisheries, mining and tourism.
USD 0.2475
AUD 0.3829
GBP 0.1953
EUR 0.2348
NZD 0.4224
JPY 38.74
SGD 0.3326
Recent readers’ comments