The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
Papua New Guinea Investment Conference ‘a resounding success’
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13 Sep 2017 by Leave a Comment
In brief: Tenders out for Highlands Highway upgrade, and other business stories
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17 May 2017 by Leave a Comment
Government puts out tenders for the first part of a K3 billion Highlands Highway upgrade, demand for foreign currency falls, and report that 31 per cent of log exports from illegal SABLs.
In brief: PanAust revises up its estimate of the Frieda River project, and other business news
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9 May 2017 by 1 Comment
Value and risk profile for Frieda River project improves, claims excess kina is resulting in more domestic investment, and corruption estimated to have cost Papua New Guinea K1.5 billion last year. Your weekly digest of the latest business news.
In brief: BSP considers ASX listing, and other business stories
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14 Mar 2017 by Leave a Comment
Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.
In brief: BCL proposes re-opening Panguna copper mine by 2020, and other business stories
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1 Mar 2017 by Leave a Comment
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
People moves: Paradise Foods, Bank of Papua New Guinea, KPMG, NASFUND
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24 Jan 2017 by Leave a Comment
Managing Director of Paradise Foods steps down, Bakani re-appointed as Central Bank Governor, KPMG appoints a new Managing Partner, four new NASFUND executives.
Agility keeps NASFUND ahead in tougher investment climate says CEO Ian Tarutia
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24 Jan 2017 by 1 Comment
Superannuation company Nasfund continues to deliver positive returns to its members, Chief Executive Ian Tarutia tells Business Advantage PNG. But weak economic conditions in Papua New Guinea, foreign exchange restrictions and rising unemployment mean the organisation has to be agile.
People moves: NASFUND, Australian Consul-General for Lae, EMTV, NZ High Commissioner, Japan’s Ambassador leaves, Port Moresby General Hospital, Porgera Chamber of Commerce and Industry, Geopacific Resources
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17 Jan 2017 by 1 Comment
NASFUND’s new Chairman, Australia appoints Consul-General in Lae, EMTV loses CEO, a new NZ High Commissioner, Japan’s Ambassador leaves, new Port Moresby General Hospital CEO, inaugural chairman of Porgera Chamber of Commerce, new board member at Geopacific Resources.
In brief: Papua New Guinea ready to market sovereign bonds says Treasury Secretary, and other business stories
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2 Nov 2016 by 1 Comment
Papua New Guinea ready to seek sovereign bond funds, Air Niugini affected by economic slowdown, Qantas begins daily Brisbane-Port Moresby service. Your weekly digest of the latest business news.
Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
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26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
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