In brief: Oil Search adapts to changing market conditions, and other business stories

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25 Feb 2015 by Business Advantage PNG Leave a Comment

LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anitua, ANZ, Autonomous Bougainville Government (ABG), Barrick Gold, Department Trade Commerce and Industry, Digicel (Parent company and all subsidiaries), Fiji Airways, Highlands Pacific, Indigenous Business Council of Papua New Guinea, Nautilus Minerals, Oil Search Ltd, PNG LNG, Port Moresby Chamber of Commerce and Industry, Santos, St Barbara Ltd, World Bank

Business relationships set to expand with growing conference schedule

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18 Feb 2015 by Business Advantage PNG

Business and investment events covering a diverse range of key industry sectors are lined up for Papua New Guinea throughout 2015. Here are some of the highlights from our events calendar. The major international investment event on PNG in 2015 will be the Papua New Guinea Advantage Investment and Infrastructure Summit, co-hosted for the fifth […]

Filed Under: Latest news, News Tagged With: Austrade, Australia Fiji Business Council (AFBC), Australia Papua New Guinea Business Council, Business Advantage International, New Caledonia, Pacific Games, Port Moresby Chamber of Commerce and Industry

In brief: Air Niugini expands services with Melanesian partnership, and other business stories

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18 Feb 2015 by Business Advantage PNG

Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anglo American, BSP Financial Group, Cott Oil and Gas, Cue Energy Resources, European Union, ExxonMobil PNG, Highlands Pacific, InterOil Corporation, National Fisheries Authority (NFA), Nautilus Minerals, New Britain Palm Oil (NBPOL), Newcrest Mining, Ok Tedi Mining Ltd (OTML), Port Moresby Chamber of Commerce and Industry, Santos, Sime Darby, Sovereign Wealth Fund, Steamships, Trukai Industries, Westpac

In brief: Elk-Antelope arbitration decision expected ‘this quarter’, and other business stories

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28 Jan 2015 by Business Advantage PNG Leave a Comment

Elk-Antelope arbitration hearing in London completed, fuel supplies to return after roadblocks eased, and Santos delivers sales records. Your weekly digest of the latest business news.

Filed Under: Banking and finance, Business services, Fisheries, Hospitality & tourism, In brief, Latest news, Manufacturing, Mining/petroleum, News Tagged With: Bima, BSP Financial Group, Coffee Industry Corporation (CIC), Digicel (Parent company and all subsidiaries), ExxonMobil PNG, Fiji Sugar Corporation, InterOil Corporation, Kokonas Indastri Koporesen, Nambawan Seafoods, Niuminco Group, O3b networks, Oil Search Ltd, Pacific Games, Philippine Airlines, Port Moresby Chamber of Commerce and Industry, Puma Energy, Santos, Total SA, World Bank

In brief: Conn says Port Moresby businesses have ‘lost hope’ in security in Papua New Guinea, and other business stories

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10 Dec 2014 by Business Advantage PNG

Violence takes a toll on businesses in Papua New Guinea, Anglo American and Highlands Pacific form joint venture, and Sime Darby extends takeover deadline for NBPOL. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anglo American, Highlands Pacific, Kumul Gamechangers, Kumul Petroleum, New Britain Palm Oil (NBPOL), Papua New Guinea Chamber of Resources and Energy (PNG CORE), Port Moresby Chamber of Commerce and Industry, Santos, Sime Darby, United Nations, World Health Organisation

Milne Bay Province: more than just a tourism hub for Papua New Guinea

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5 Nov 2014 by Business Advantage PNG 6 Comments

The province of Milne Bay is developing as a tourism hub for Papua New Guinea and also hosts agricultural and gold projects. Business Advantage PNG explores its business and investment prospects.

Filed Under: Features, Hospitality & tourism, Sections Tagged With: Kula Gold, Milne Bay Province, Port Moresby Chamber of Commerce and Industry

Program firms up for Papua New Guinea Advantage Summit

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13 Aug 2014 by Business Advantage PNG

September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.

Filed Under: Economy/Investment, Latest news, News, Sections Tagged With: Air Niugini, ANZ, Asian Development Bank (ADB), Austrade, International Finance Corporation (IFC), Kumul Consolidated Holdings, Nambawan Super, New Britain Palm Oil (NBPOL), Oil Search Ltd, PNG Advantage Investment Summit, Port Moresby Chamber of Commerce and Industry, Ravuvu Business Park

Cabinet approves 40 per cent rise in minimum wage, says O’Neill

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25 Jun 2014 by Business Advantage PNG 6 Comments

The Papua New Guinea Government has endorsed an increase in the country’s minimum wage of 91 toea to K3.20 per hour.

Filed Under: Latest news, News Tagged With: Minimum Wages Board, PNG Trade Union Congress, Port Moresby Chamber of Commerce and Industry

Stronger kina will affect exporters, say business leaders

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12 Jun 2014 by Business Advantage PNG Leave a Comment

The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.

Filed Under: Banking and finance, Latest news, News, Sections Tagged With: Bank of Papua New Guinea, BSP Financial Group, Lae Chamber of Commerce, Manufacturers Council of PNG, NGIP Agmark, Port Moresby Chamber of Commerce and Industry, Port Moresby Stock Exchange

People moves: Papua New Guinea Chamber of Commerce and Cue Energy

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5 Jun 2014 by Business Advantage PNG Leave a Comment

A new CEO for the PNG Chamber of Commerce and Industry, a new Chief Operations Officer for Water PNG and changes to Cue Energy’s board.

Filed Under: Latest news, News, People moves Tagged With: Cue Energy Resources, Port Moresby Chamber of Commerce and Industry, Water PNG

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]

Report from the 2024 Papua New Guinea Investment Conference

This week's 2024 Business Advantage PNG Investment conference saw top speakers from across the business sector and government come … [Read More...]

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

Australia launched its inaugural Pacific Engagement Visa ballot on 3 June, with Papua New Guinea receiving the largest allocation. … [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 […]