World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.
People Moves: Cardno, National Petroleum Company, Air Niugini and more
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16 Sep 2013 by
Andrew Cooper has been appointed PNG Country Manager for Cardno.
In brief: PM takes over Treasurer’s role, first LNG shipments ahead of schedule and Ok Tedi Mining profits plunge
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12 Mar 2014 by Leave a Comment
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
In brief: moves to reserve small business for locals, Ok Tedi orders stayed and BSP profits up
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5 Mar 2014 by 2 Comments
Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.
Solomon Islands hydro scheme plans go to government in September
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3 Apr 2013 by
The four-year feasibility study on Solomon Islands’ Tina River hydro dam project on Guadalcanal Island is nearing completion and a final report will go to government in September this year.
Five things we learned at the PNG Mining Conference
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15 Dec 2012 by Leave a Comment
The 12th Papua New Guinea Mining and Petroleum Investment Conference was held last week in Sydney, Australia. The event was hosted by the PNG Chamber of Mines and Petroleum. 1. Resources have never been bigger in PNG As PNG’s new Mining Minister Byron Chan observed, mining was responsible for 71% of PNG’s export receipts in 2011. The 1350 […]
Manufacturing: Made in PNG
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1 May 2012 by 4 Comments
Papua New Guinea isn’t just a producer of mineral and agricultural commodities. As its economy grows, so does a substantial manufacturing sector. Many PNG manufacturers are undergoing strong growth and expansion. South Pacific Brewery opened its new K8.6 million (US$4.1 million) raw material warehouse in Port Moresby in September 2011, the latest step in a […]
The rise of PNG’s private sector
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1 May 2012 by Leave a Comment
IFC, the private sector development arm of the World Bank Group, has increased its presence in Papua New Guinea. Business Advantage talks to IFC’s Resident Representative in PNG, Carolyn Blacklock, about taking PNG’s private sector to the next level. What is the status of the IFC’s own investment portfolio in PNG? We continue to work […]
A season of healthy growth
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1 May 2012 by Leave a Comment
Farming expertise, rich soil and high rainfall are behind Papua New Guinea’s organic strength. Agriculture accounted for more than 30% of Papua New Guinea’s GDP in 2011, according to World Bank figures. The sector expanded at a moderate pace in 2011, with many cash crops responding to high international prices. PNG’s most valuable cash crops—oil […]
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