Forex shortages in PNG have acted as handbrake on both economic growth and foreign direct investment over the past decade, according to the IMF. However, domestic and concessional investors have been stepping in to keep PNG’s economy moving.
Editorial: Domestic investors fill the gap while Papua New Guinea awaits next wave
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10 Sep 2024 by 2 Comments
Day 1 report from the 2024 Papua New Guinea Investment Conference
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13 Aug 2024 by Leave a Comment
Day 1 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across the business sector, including Kumul Petroleum Holdings’ Wapu Sonk, Bank of Papua New Guinea Chairman David Toua and the IMF’s Sohrab Rafiq, who spoke of the positive impact of the central bank’s new approach to managing foreign exchange.
New Steamships head bullish on Papua New Guinea economy, despite ‘underwhelming’ six years
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31 Jul 2024 by Leave a Comment
There was a change of leadership at Steamships Trading Company on July 1, with Chris Daniells replacing Rupert Bray as managing director. In an exclusive interview, the two share how Steamships is pursuing its long-term growth plans amid a challenging economic environment.
Papua New Guinea’s ports anticipate lift in freight volumes
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2 May 2024 by Leave a Comment
After a challenging 2023, Papua New Guinea’s port and road transport operators are preparing for a significant recovery in demand this year.
Economic update: Papua New Guinea’s decade of growth begins
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9 Apr 2024 by 1 Comment
As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our editorial team spoke exclusively to dozens of Papua New Guinea business leaders to understand how they are preparing for imminent growth – and what challenges they face. Here’s what they told us.
TotalEnergies zeroes in on final barriers to Papua LNG project go-ahead
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14 Feb 2024 by 2 Comments
A final investment decision on the Papua LNG project remains on the agenda for this year. Managing Director of project lead TotalEnergies E&P PNG, Jean-Marc Noiray, walks Business Advantage PNG through the milestones ahead for the US$10 billion-plus gas project.
Resources boom to usher in ‘the most exciting ten years’ for Papua New Guinea: Prime Minister Marape
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31 Jan 2024 by Leave a Comment
James Marape, PNG’s Prime Minister, speaks exclusively about PNG’s next decade of economic growth, which he describes as potentially the most exciting in the nation’s history.
Papua LNG investment decision faces delay as financiers grapple with climate concerns
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13 Dec 2023 by 4 Comments
The final investment decision for the TotalEnergies-led Papua LNG project, which would spark a fresh investment boom in Papua New Guinea, still faces significant hurdles, as growing environmental activism makes finance harder to arrange and international energy projects compete for scarce construction resources.
Work begins on Kumul Petroleum’s world-class fabrication facility in Papua New Guinea
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1 Aug 2023 by 5 Comments
Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
Hundreds of businesses register for Papua LNG early works contracts
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19 Jul 2023 by 3 Comments
Ahead of registrations for early works contracts on Papua LNG closing, the Institute of Banking and Business Management’s CEO Susil Nelson-Kongoi walked Business Advantage PNG through recent developments
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