PM O’Neill calls for greater intervention to strengthen Papua New Guinea industry

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17 May 2017 by David James 1 Comment

The Prime Minister Peter O’Neill has outlined a plan of greater government involvement in Papua New Guinea’s industrial development. In a speech to the Australia Papua New Guinea Business Forum & Trade Expo in Port Moresby O’Neill described the need both to broaden the industry base and to move some industries up the value chain.

Filed Under: Economy/Investment, Latest news, News Tagged With: Frieda River, National Fisheries Authority (NFA), Total, Wafi-Golpu

In brief: Chinese companies win bid to build Ramu 2 power project, and other business stories

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5 Apr 2017 by Business Advantage PNG Leave a Comment

Two Chinese companies to build Ramu 2 power project, 95 per cent of logs sent to China, and Lae business leaders welcome ADB loan for key roads. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Credit Corporation, Lae Chamber of Commerce, National Fisheries Authority (NFA), PNG Energy, PNG Forest Authority, PNG Ports Corporation, PNG Tourism Promotion Authority, Prime PNG Design, Ramu NiCo, Steamships, Total

In brief: Chief Secretary warns of ‘drastic cuts’ in 2017 Budget, and other business stories

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18 Oct 2016 by Business Advantage PNG Leave a Comment

Chief Secretary says 2017 will be very tough, moratorium on beche-de-mer may be lifted soon, and PNG LNG spends K12 billion on local services. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: ExxonMobil PNG, Kumul Petroleum, National Fisheries Authority (NFA), PNG Energy

In brief: Newcrest sells Hidden Valley stake to Harmony and other business news

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21 Sep 2016 by Business Advantage PNG 1 Comment

Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Air Niugini, Autonomous Region of Bougainville (ARB), City Pharmacy, Coffee Industry Corporation (CIC), CPL Group, FIFA, Harmony Gold, National Fisheries Authority (NFA), Newcrest Mining, PNG Air, PNG Coffee, South Pacific Breweries, World Trade Organisation

Project to revive Papua New Guinea’s lucrative beche-de-mer export industry begins at new mariculture centre in Kavieng

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10 Feb 2016 by Business Advantage PNG 73 Comments

A four-year A$ 1.7 million (K3.6 million) project has begun to map out how to revive Papua New Guinea’s dormant sea cucumber industry.

Filed Under: Fisheries, Industry sectors, Latest news, News Tagged With: National Fisheries Authority (NFA)

In brief: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories

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2 Dec 2015 by Business Advantage PNG Leave a Comment

PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: ANZ, BSP Financial Group, Crater Gold Mining, ExxonMobil PNG, Harmony Gold, Kumul Petroleum, National Development Bank, National Fisheries Authority (NFA), Nautilus Minerals, Pacific Asia Travel Association, PNG Ports Corporation, rice, Trukai Industries

In brief: Santos aims to improve balance sheet by raising funds, and other business stories

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11 Nov 2015 by Business Advantage PNG Leave a Comment

Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Business France, Dongwon Industries, National Fisheries Authority (NFA), Pacific Islands Forum, Petromin Holdings, PNG LNG, Santos, Scepter Partners, Searcher Seismics, Tolukuma Gold Mine

In brief: Hope that SABLs leases will be return to landowners soon, and other business stories

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7 Oct 2015 by Business Advantage PNG Leave a Comment

Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Anglo American, Bank of Papua New Guinea, Covec (PNG), Curtain Bros, Fiji, Highlands Pacific, Kina Group, Marengo Mining, Mineral Resources Authority, National Fisheries Authority (NFA), Pacific Islands Trade and Invest, PNG Ports Corporation, Woodside Petroleum, World Bank

In brief: BSP bid to buy Westpac Vanuatu rejected, and other business stories

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29 Jul 2015 by Business Advantage PNG Leave a Comment

Vanuatu’s Reserve Bank rejects sale of Westpac Vanuatu to BSP, Airlines PNG invited to fly into Samoa and ‘show cause’ notice issued over slow progress of new Lae highway. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: BSP Financial Group, China Minmetals Group, China Railway International, Curtain Bros, Monier, National Fisheries Authority (NFA), New Zealand Trade & Enterprise (NZTE), Niuminco Group, Ok Tedi Mining Ltd (OTML), Pheonix Builders, PNG Air, Westpac

In brief: PNG Ports seeks interest for design and construction of Motukea Island wharf, and other business stories

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22 Apr 2015 by Business Advantage PNG 1 Comment

Motukea Island Port project expressions of interest called for, PM dismisses ‘secret deals’ with Rio Tinto, and Star Mountains project JV launches exploration campaign. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Anglo American, Bishops, Enerpac, Fiji, Highlands Pacific, Kumul Consolidated Holdings, NASFUND, National Fisheries Authority (NFA), National Housing Corporation, Oil Search Ltd, Orion, PNG Ports Corporation, Rio Tinto, Searcher Seismics, Secretariat of the Pacific Community, Sovereign Wealth Fund, Steamships, Vanuatu

Economic update: Papua New Guinea’s decade of growth begins

As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our … [Read More...]

Restaurant review: Lucky Lucky, Port Moresby

Port Moresby’s flourishing dining scene now features a Thai restaurant – and it’s a good ’un. Lucky Lucky launched in late … [Read More...]

Papua New Guinea’s banks embrace a digital future

Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, … [Read More...]

A closer look at Papua New Guinea’s new international airport, Nadzab Tomodachi

The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab … [Read More...]

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]