Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news. PNG Power’s Acting CEO Alex Oa says the new 30-megawatt thermal power station at Munum just outside Lae city in Morobe Province is expected to be commissioned this week. PPL is confident […]
Opinion: More investment and reforms needed in Papua New Guinea agriculture
Welcome,
6 Jun 2017 by Leave a Comment
Papua New Guinea’s agricultural sector is the backbone of the economy and a substantial contributor to national income, Steve Woodhouse, host of EMTV’s ‘Farming PNG’ program, tells Business Advantage PNG. He calls for changes to the regulatory bodies.
The Solomon Islands are ripe for growth, says the chair of its chamber of commerce and industry
Welcome,
23 May 2017 by 1 Comment
The Solomon Islands’ economy grew by three and a half times between 2003 and 2016. In the first of a two part series, Business Advantage PNG looks at the challenges and opportunities facing the emerging nation.
People moves: Kina Securities, Department of Higher Education, World Bank
Welcome,
9 May 2017 by
Board changes at Kina Securities, a new Secretary for Higher Education Department, new Country Manager for the World Bank
In brief: Government to buy 20 per cent shareholding in Port Moresby hotel complex, and other business stories
Welcome,
21 Mar 2017 by Leave a Comment
Government to spend K300 million buying into Star Mountain Plaza project, Bougainville President supports new-look BCL, and Trade Minister seeks ban on Fiji imports. Your weekly digest of the latest business news.
The secret to fixing PNG’s coffee industry
Welcome,
21 Feb 2017 by 11 Comments
‘Six month farmers’ are a big problem in Papua New Guinea’s coffee industry Tom Kukhang, the Coffee Industry Corporation’s (CIC’s) Chief Scientist tells Business Advantage PNG. But there is a solution.
Papua New Guinea must take advantage of growing global coffee consumption, say leading exporters
Welcome,
26 Oct 2016 by 1 Comment
Papua New Guinea’s coffee industry needs to capitalise on the growing global demand for coffee, industry exporters and promoters tell Business Advantage PNG. They believe production improvements are essential to ensuring consistent quality.
Why modernising Papua New Guinea’s bond markets may help solve the foreign exchange shortage
Welcome,
26 Sep 2016 by 1 Comment
The governor of the Bank of Papua New Guinea, Loi Bakani, says that the shortage of foreign exchange is ‘an issue based on supply and demand of foreign currency for kina.’ One way to increase demand for a nation’s currency is to modernise the bond markets. A World Bank report has looked at some options.
In brief: New 30-day visa a boost for Papua New Guinea tourism, and other business stories
Welcome,
20 Jul 2016 by Leave a Comment
Australians can now obtain a 30-day visa on arrival, Botten says Elk-Antelope could need at least two new LNG trains, and Treasurer confident cash flow enough for health, education and infrastructure spending. Your weekly digest of the latest business news.
Higher government spending could reduce Papua New Guinea’s debt burden, says economist Satish Chand
Welcome,
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.
USD 0.2505
AUD 0.4028
GBP 0.1991
EUR 0.2413
NZD 0.4453
JPY 38.9
SGD 0.3413
Recent readers’ comments