Reaction to Papua New Guinea’s 2016 Budget: necessary cuts but still some challenges, say experts
The Papua New Guinea Government has made tough decisions in its 2016 Budget to avoid a cash and macroeconomic crisis. Business Advantage PNG talks to some experts on how the budget measured up to expectations, and what is still needed. ‘Reporting on the general government budget has definitely improved, thanks to parts of the Budget […]
Newsletter Issue 6th November 2015
Click here for this week’s newsletter, dated 6th November 2015
Opinion: a new action plan for Papua New Guinea tourism urgently needed
Following on from the Governor of the Bank of Papua New Guinea’s recent comments about the need to develop Papua New Guinea’s tourism industry, Melanesian Tourism Services’ Managing Director Sir Peter Barter argues for urgent cooperation between government and industry. It is rather interesting to read that the Governor of the Bank of Papua New […]
Impact of 2015 Papua New Guinea drought may be worse than 1997, reports agricultural scientist
Now in its fifth month, Papua New Guinea’s drought is having its biggest impact in high altitude locations and on the fringe of the Central Highlands, according to agricultural scientist, Dr Mike Bourke. He told Business Advantage PNG that this year’s drought is at least as bad as the 1997 drought, which affected nearly a […]
PNG passes budget for tougher times
Yesterday, Papua New Guinea’s Treasurer Patrick Pruaitch presented both the 2016 National Budget and a Supplementary Budget for 2015. Both budgets – highly anticipated given the PNG Government’s need to address lower revenues – make cuts to projected expenditure and find additional revenue resources in order to keep the budget deficit under control. First, the […]
Newsletter Issue 30th October 2014
Click here for our latest newsletter, dated 30th October 2014.
Lae Botanic Gardens Design Plan
The National Advancement Program for the Lae Botanic Gardens has launched their design plans for the restoration of the Gardens. Click here to download the full design plan presentation. If you have any questions or feedback on these plans, please contact Sarah Warne on sarahignjic@hotmail.com or Michael Lovave at mlovave@fri.pngfa.gov.pg.
Reserve Bank Governor says PNG has lot to learn from Fiji about tourism
Despite being the biggest Pacific nation, Papua New Guinea is lagging behind its neighbours, holding only 10% of the regional tourism market, says the Governor of the Bank of Papua New Guinea, Loi Bakani. And on a global scale, PNG ranks last in terms of benefitting economically from tourism activity. Although endowed with rich environmental […]
Five questions for: Arthur Lenoir, Leader of the French Trade Delegation to PNG
The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG. Business Advantage PNG (BAPNG): How many people are part of your […]
Newsletter Issue 23rd October 2015
Click here for this week’s newsletter, dated 23rd October 2015.
SECOND MINE SUSPENSION IN PNG HIGHLIGHTS DROUGHT IMPACT
The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs. The second mine […]
Newsletter Issue 16th October 2015
Click here for our latest newsletter, dated 16th October 2015.
