Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.
A tale of two cities: reflections on 10 years in Port Moresby and Lae
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6 Apr 2016 by 1 Comment
Wafi-Golpu gold mine ‘a boon’ for Morobe Province and Papua New Guinea, say business leaders
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23 Feb 2016 by 8 Comments
Businesses in Morobe Province and Papua New Guinea will benefit immensely from the proposed Wafi-Golpu gold and copper mine, according to business leaders in Lae.
In brief: Agriculture Minister says Papua New Guinea must reinvest in sector, and other business stories
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17 Feb 2016 by Leave a Comment
Agriculture Minister says annual investment in agriculture is just K150 million a year, call for mining sector style tax incentives for agriculture, and Leaders’ summit critically important, says O’Neill. Your weekly digest of the latest business news.
In brief: Papua New Guinea to issue visas on arrival from next year for Australian tourists, but not business people, and other business stories
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19 Nov 2015 by Leave a Comment
Visas on arrival to be available for Australian tourists, Morobe Governor to suspend trading licences for shops using street vendors, and corruption cases net K25 million for government coffers. Your weekly digest of the latest business news.
Protests force Lae businesses to close, but damage minimal: Lae Chamber
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11 Nov 2015 by Leave a Comment
Unrest in Papua New Guinea’s second city, Lae, has caused major disruptions for the city’s business community this week. Fortunately, as Lae Chamber of Commerce President Alan McLay told Business Advantage PNG, Lae has avoided serious damage and things are now returning to normal.
Five questions for: Arthur Lenoir, Leader of the French Trade Delegation to Papua New Guinea
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28 Oct 2015 by Leave a Comment
The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG.
Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range
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6 Oct 2015 by 1 Comment
As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
Overcoming chronic lack of skilled tradespeople in Papua New Guinea requires more government funding, say industry leaders
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16 Jun 2015 by 2 Comments
An analysis of foreign workers coming to Papua New Guinea since 2000 indicates a chronic lack of skilled tradespeople, according to Lae-based business leaders. While skills training initiatives are under way, an expected surge in mining projects over the next few years highlights the urgency for more skilled workers.
In brief: O’Neill declares PNG moving towards a new regime of ‘managed economic growth’ and other business stories.
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3 Sep 2014 by
A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.
The minimum wage increase: relief possible for some businesses
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23 Jul 2014 by Leave a Comment
Worried about the impact of the new minimum wage? The agriculture sector and struggling businesses can apply to pay less than the latest increase, according to analysis provided to Business Advantage PNG by KPMG’s Port Moresby office.
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