Is more affordable housing on the way in PNG?
With the Papua New Guinea Government highlighting the need for more affordable housing in the country, not-for-profit organisation, Community Housing, believes it has the solution. Papua New Guinea has not escaped the usual spike in housing prices that accompanies major industrial developments, such as the PNG LNG project. Housing prices in PNG have risen to […]
Newsletter Issue 22nd May 2015
Click here for our newsletter, issued 22nd May 2015
Australian Trade Minister says ‘collaboration’ with Papua New Guinea reflects new focus on trade-for-aid
Australia’s Trade and Investment Minister, Andrew Robb, has called for a ‘collaborative approach’ with Papua New Guinea to take advantage of rising global demands for food, energy and water. In an address to the 31st Australia–Papua New Guinea Business Forum in the industrial city of Lae this week, Andrew Robb said there were close similarities […]
Newsletter Issue 15th May 2015
Click here for this week’s newsletter, issued 15th May 2015
Newsletter Issue 8th May 2015
Click here for this week’s newsletter, issued 8th May 2015.
Newsletter Issue 1st May 2015
Click here for newsletter issue dated 1st May 2015
PNG banks operate in high risk environment, says S&P
Ratings agency Standard & Poor’s says Papua New Guinea’s banks operate in a ‘high risk’ environment in spite of LNG revenues and increased infrastructure spending by Govenrment. S&P analysts also suggest PNG needs more policies which promote economic growth beyond the resources sector. Three banks dominate Papua New Guinea’s banking system—BSP, ANZ and Westpac. According […]
ECONOMIC UPDATE: PNG CHANGES GEAR
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. In May 2014, Papua New Guinea achieved what some thought it would never do—it joined the […]
Newsletter 24th April 2015
Click here for this week’s newsletter, dated 24th April 2015.
Digicel’s new PNG chief sees connectivity and content converging
The new CEO of Digicel PNG believes the company is evolving into a provider of content as well as supplying connectivity. Maurice McCarthy tells Business Advantage PNG his first priority is to increase access to Digicel’s expanded network. Business Advantage PNG (BAPNG): In Fiji, you built up Digicel’s corporate business as well as its retail […]
Opinion: falling LNG revenues require a new strategy for the Papua New Guinea economy
The fall in global oil and gas prices will reduce the Papua New Guinea government’s revenue by at least K1.1 billion in 2016. A new Budget strategy is needed, argue economists Stephen Howe and Paul Flanagan, who suggest a solution may lie in the government selling its Oil Search shares. The extent to which falling […]
Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities
The next 12 months or so is a time to digest and consolidate, says Peter Langslow, the incoming head of one of Papua New Guinea’s largest and oldest companies, Steamships Trading Company. He told Business Advantage PNG, however, it is also a time to prepare for fresh opportunities. Peter Langslow is a 30-year veteran with […]