China and India’s growing business links with PNG and the Pacific
Pacific leaders have been the recipients of largesse from India’s Prime Minister and China’s President, who met in Fiji last week. Meanwhile, a new ANZ report details the increasingly close links between China’s aid and its investment in the Pacific. China’s President Xi Jinping met with the leaders of Fiji, Papua New Guinea, Tonga, Samoa, […]
Launch of Link PNG marks start of expansion plans for PNG’s national carrier
Air Niugini is looking to expand its services to other Melanesian countries from 2015, and possibly China in coming years. The plans follow the launch of its new low-cost domestic subsidiary, Link PNG, which has implications for other state-owned enterprises. Air Niugini’s chairman Sir Frederick Reiher made the announcement of more international flights, as he […]
Newsletter Issue 21st November 2014
Click here for our latest newsletter, issued 21st November 2014.
Two New PNG TV Players Launch Pay and Free-To-Air Channels
The two new players in Papua New Guinea’s TV industry this week began selling their set top boxes as they launched a total of 54 new free-to-air and pay channels. Global telecommunications giant Digicel this week launched Digicel Play, which will offer 29 channels by the end of 2014, while the new entrant to the […]
Record Budget and higher deficit feature in 2015 PNG Budget forecasts
The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16.2 billion national budget for 2015, but with an increased deficit to K2.272 billion. In his Budget speech, Pruaitch forecasts the economy to grow by 15.5 per cent ‘driven by a full calendar year of gas production and supported by a rebound in the […]
Newsletter Issue 14th November 2014
Click here for our latest newsletter, issued 14th November 2014.
Margin squeeze sparks reality bite in mining
Despite the debate around the boom, there is little doubt that Australian exporters are under pressure – with a declining iron ore price, increased production volumes from lower-cost producers, long-term decline in ore grades, and an increase in the level of impurities for junior miners making an impact. This has put cost reduction in the […]
ICT industry shake-up continues in PNG with complementary merger
Allcom PNG and mcr PNG have become the latest technology services companies in Papua New Guinea to consolidate after announcing a merger that will see the enlarged entity realise a number of operational synergies. Business Advantage PNG talks to Luke Byer, Managing Director of the new entity. Growing demand for information and communications technology (ICT) […]
Newsletter Issue 7th November 2014
Click here for our latest newsletter, issued 7th November 2014.
Ports Corp completes Lae wharf extension
PAPUA New Guinea Ports Corporation has completed the berth 3 extension project at the country’s largest and busiest port. The new port facility at Lae will be used for berthing of construction cargo vessels for mining in the Morobe and Highlands areas. Prime Minister Peter O’Neill officially opened the Lae port overseas wharf extension and […]
Papua New Guinea’s public debt noose
DEBT raised in the past two years by the Papua New Guinea government has been so immense it could never have been contemplated in the past. By PNG Report’s Inside Track columnist. According to the government’s 2014 Mid-Year Economic and Fiscal Outlook Report, the projected budget deficit blowout this year has widened by K372.5 million […]
Five things Papua New Guinea could learn from the BRICS nations
Brazil, Russia India, and China—the BRICs countries—provide a great example of four countries with very little natural geographical, cultural or historical ties, which have come together to focus on mutual opportunities and challenges. BRICS expert David Thomas outlines how Papua New Guinea and other Pacific nations could learn from the BRICs. BRICS 2014The four original […]
