Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories
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29 Nov 2016 by
Opinion: Business development in Papua New Guinea hampered by ‘man-made constraints’ says Charles Yala
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25 Oct 2016 by 1 Comment
Man-made constraints to business are the real obstacles to business development, according to Dr Charles Yala, the Director of the National Research Institute. In an address to the Australia-PNG Alumni Conference, Dr Yala said the country’s leaders need to ‘think outside the box’ and harness ‘our natural beauty and landscape’.
Demand for affordable housing sees price rises, according to Papua New Guinea property survey
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13 Sep 2016 by 3 Comments
Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.
Higher government spending could reduce Papua New Guinea’s debt burden, says economist Satish Chand
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27 Jun 2016 by Leave a Comment
Papua New Guinea’s debt levels relative to the size of its economy could actually go down if the government increased spending, according to Satish Chand, Professor of Finance in the School of Business at the University of New South Wales. Mounting an argument that goes against conventional wisdom, he contends that as long as the government investment is well managed and receives a strong return, the long term benefits will outweigh the short term risks.
In brief: Total SA to start construction of LNG plant in 2018 and other business stories
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20 Apr 2016 by Leave a Comment
Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news. The Chairman and Chief Executive Officer of oil and gas company Total SA, Patrick Pouyanné, says the company is planning to […]
Is more affordable housing on the way in Papua New Guinea?
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27 May 2015 by
With the Papua New Guinea Government highlighting the need for more affordable housing in the country, not-for-profit organisation, Community Housing, believes it has the solution.
Foreign workers: who’s coming to Papua New Guinea and from where?
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8 Apr 2015 by Leave a Comment
The number of foreign workers coming to Papua New Guinea is growing, with an annual net gain of up to 34,000 since 2007. Carmen Voigt-Graf reports that on recent growth rates, The Philippines will soon overtake Australia as the main source of foreign workers.
In brief: relocation of Port Moresby Port to Motukea Island site backed by review, and other business stories
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8 Apr 2015 by
Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.
People moves: Santos, National Research Institute, PNG Rugby League
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11 Mar 2015 by
A new Chairman for Santos, the Director of the National Research Institute to stand down, the CEO of the PNG Rugby League quits.
In brief: Newcrest output at Lihir ‘below expectations’ despite improvement, and other business stories
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4 Feb 2015 by Leave a Comment
Production issues hit Newcrest, Digicel launches cloud-based product, and Mitsui delivers PNG LNG carrier. Your weekly digest of the latest business news.
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