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Papua New Guinea’s ‘engine room’ seeing new investment, says Lae Chamber president

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18 Jun 2024 by 2 Comments

In spite of the challenges, Papua New Guinea’s second city, Lae, is experienced some significant new investments. Business Advantage PNG sits down with John Byrne, President of the Lae Chamber of Commerce, to discuss the state of play in the country’s “engine room”.

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Fixing the Highlands Highway urgent, say business operators

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3 Jul 2018 by 2 Comments

According to the Asian Development Bank’s May 2018 update, contracts for the US$800 million (K2.5 billion) multi-tranche funding to rehabilitate Papua New Guinea’s 430km highlands highway will be awarded between August and September.

Filed Under: Features, Infrastructure Tagged With: , ,

Could Papua New Guinea’s offshore investment double?

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6 Jun 2018 by 1 Comment

Offshore investment by Papua New Guinea companies remains comparatively small, but there are opportunities. One banking executive suggests it as an important way local financial institutions can diversify.

Filed Under: Banking and finance, Economy/Investment, Features Tagged With: , , ,

In brief: Newcrest revises Wafi-Golpu plan, and other business stories

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20 Mar 2018 by 2 Comments

Newcrest plans larger development at Wafi-Golpu, O’Neill confident Papua New Guinea will recover from quake and loan to cover government superannuation debt. Your weekly digest of the latest business news.

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In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories

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21 Mar 2017 by Leave a Comment

Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.

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Mapai Transport branches out to ‘rebalance’ trade links between Papua New Guinea and NZ

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5 Dec 2016 by 8 Comments

After 20 years building a successful transport company, Mapai Transport founder Jacob Luke is exploring ways to correct PNG’s trade imbalance with NZ, and providing training opportunities for young Papua New Guineans.

Filed Under: Business services, Company profiles, Entrepreneurs, Infrastructure, Region, Sections Tagged With: