The past year has been a challenging one for Papua New Guinea’s major businesses but, as we are learning from our own conversations with them, they are nevertheless proving remarkably resilient. Now, all eyes are again focused on the next wave of resources investments.
Editorial: How is business confidence in Papua New Guinea leading into 2025?
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4 Dec 2024 by Leave a Comment
Islands Petroleum stepping up to help meet Papua New Guinea’s fuel supply needs
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23 Oct 2024 by 1 Comment
Papua New Guinea has faced ongoing fuel supply challenges since August 2023, as a result of issues related to its largest fuel importer, Puma Energy. Islands Petroleum is one of a number of fuel companies that have ramped up capacity to help meet demand. Chief Executive Nathan Bluett says the company is now looking to grow further.
Day 2 report from the 2024 Papua New Guinea Investment Conference
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14 Aug 2024 by Leave a Comment
Day 2 of the 2024 Business Advantage PNG Investment Conference featured top speakers from across government and business, including Papua New Guinea’s Prime Minister James Marape, state-owned enterprises such as Air Niugini and PNG Ports and business chamber presidents.
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.
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.
Papua New Guinea faces higher fuel prices as shortages continue
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29 Feb 2024 by Leave a Comment
Fuel buyers in Papua New Guinea have been warned to expect higher prices as the government negotiates with global suppliers to end shortages in the local market related to the winding back of Puma Energy’s operations in the country. Meanwhile, short-term solutions are being put in place.
No hard devaluation of the kina, says Bank of Papua New Guinea Governor
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21 Aug 2023 by Leave a Comment
With a new strategy to manage Papua New Guinea’s foreign exchange shortages expected soon, the Bank of Papua New Guinea’s Acting Governor, Elizabeth Genia, has moved to reassure business leaders that a devaluation of the country’s currency is not on the cards.
State of Emergency declared to ‘maintain and stabilise’ Papua New Guinea’s fuel supply
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2 Aug 2023 by 2 Comments
In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
In brief: Puma Energy foreshadows risk of fuel shortages and other business stories
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19 Jul 2023 by Leave a Comment
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Foreign exchange shortages still biting business in Papua New Guinea
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27 Oct 2022 by 1 Comment
The Bank of Papua New Guinea expects a ‘windfall’ from higher international commodity prices to alleviate some of the country’s foreign exchange shortages. However, anecdotal evidence suggests the forex situation is actually getting worse.
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