In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories

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16 Mar 2016 by Business Advantage PNG Leave a Comment

Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bmobile Vodafone, BSP Financial Group, Click TV, Coffee Industry Corporation (CIC), Fiji Sugar Corporation, Melanesian Trustee Services, Mt Giluwe Water Ltd, NASFUND, New Britain Palm Oil (NBPOL), Ok Tedi Mining Ltd (OTML), Pacific Islands Forum, PNG Power, Westpac

In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories

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25 Nov 2015 by Business Advantage PNG Leave a Comment

Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Barrick Gold, Bmobile Vodafone, BSP Financial Group, Cook Islands, Gadens Lawyers, Horizon Oil, Nambawan Super, National Agriculture and Quarantine Inspection Authority (NAQIA), Oil Search Ltd, People’s Micro Bank, Puma Energy, R D Tuna Canners, United Nations, Westpac, Woodside Petroleum

In brief: PM to launch construction phase of Pacific Marine Industrial Zone project, and other business stories

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4 Nov 2015 by Business Advantage PNG Leave a Comment

Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bank of Papua New Guinea, Barrick Gold, BSP Financial Group, China Exim Bank, China Shenyang International Economics and Technical Cooperation Corporation, Mineral Resources Development Company (MRDC), Nambawan Super, Newcrest Mining, Pacific Marine Industrial Zone, Water PNG, Westpac

People moves: Westpac Bank, Defence Commercial Inc., IFC

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14 Oct 2015 by Business Advantage PNG Leave a Comment

A new Head of Retail Banking at Westpac, an interim Manager for Defence Commercial Inc., and a new Media Consultant at the International Finance Corporation

Filed Under: News, People moves Tagged With: Defence Commercial Incorporated Ltd, International Finance Corporation (IFC), Westpac

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: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news

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15 Jul 2015 by Business Advantage PNG Leave a Comment

Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: BSP Financial Group, Gold Ridge gold mine, International Food Corporation, Kina Asset Management Limited, Kumul Gamechangers, LR Group, Mineral Resources Authority, Moody's, New Guinea Gold Corporation, Pacific Balanced Fund, Santos, St Barbara Ltd, Westpac

Papua New Guinea banks operate in ‘high risk’ environment, says Standard & Poor’s

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29 Apr 2015 by Business Advantage PNG Leave a Comment

Ratings agency Standard & Poor’s says PNG’s banks operate in a ‘high risk’ environment, with regulation and supervision ‘comparatively lenient’.

Filed Under: Banking and finance, Industry sectors, Latest news, News, Sections Tagged With: ANZ, Standard & Poor’s (S&P), Westpac

Economic update: Papua New Guinea changes gear

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28 Apr 2015 by Andrew Wilkins 7 Comments

Papua New Guinea’s economy is now emerging from a period of hiatus following the completion of its massive liquefied gas project. Andrew Wilkins talks exclusively to some of PNG’s top executives to find out their views on the economy.

Filed Under: Economy/Investment, Features Tagged With: ANZ, Asian Development Bank (ADB), Australia Papua New Guinea Business Council, Bank of Papua New Guinea, BSP Financial Group, City Pharmacy Ltd (CPL) Group, Institute of National Affairs, SP Brewery, Westpac

Bank of Papua New Guinea closes down unauthorised foreign exchange trading

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18 Mar 2015 by Business Advantage PNG 9 Comments

Papua New Guinea’s central bank has moved to stop offshore foreign banks, which don’t operate in PNG, from foreign exchange trading in the Kina.

Filed Under: Banking and finance, Latest news, News, Sections Tagged With: Bank of Papua New Guinea, Moni Plus, Westpac

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

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 […]