Newsletter Issue 24th October 2014
Click here for our latest newsletter, issued 24th October 2014.
ICC BASCAP calls for stronger intellectual property rights enforcement in ASEAN
The International Chamber of Commerce (ICC) Business Action to Stop Counterfeiting and Piracy (BASCAP) group called today on the Association of Southeast Asian Nations (ASEAN) and its 10 member states to do more to promote the value of intellectual property (IP) as a key driver for the region’s growth and economic development, and to step […]
Dealing with debt,deficit and transparency: experts identify key 2015 Budget issues
The O’Neill government is preparing to deliver its 2015 budget, against a backdrop of rising government debt and rising expenditure. Business Advantage PNG asks what business needs and what it might expect. With income from agriculture and the resources sector down, business leaders and analysts are expecting a tough 2015. ‘We have low commodity prices […]
Finding Balance – Benchmarking the Performance of State-Owned Enterprises in Papua New Guinea
This is the first state-owned enterprise (SOE) benchmarking study to include Papua New Guinea (PNG). It has been undertaken at the request of the government of PNG in order to inform its efforts to improve SOE performance and contribute to the increased transparency in the sector. Participation in this study must be commended as a demonstration of the government’s willingness to identify and address the core issues within the SOE portfolio, as transparency is an essential precursor to successful reform.
Newsletter Issue 17th October 2014
Click here for our latest newsletter, issued 17th October 2014.
PNG expands European economic engagement
PAPUA New Guinea’s relationship with the European Union is growing from being predominantly based on development support to increased trade and investment engagement through business cooperation, according to the prime minister. Peter O’Neill discussed the matter during a meeting with the European Union head of delegation to Papua New Guinea, ambassador Martin Dihm in Port […]
PNG national cricketers become full-time professionals with new contracts
The steady emergence of Papua New Guinea’s Barramundis national cricket side has led the sport’s managing body in the country to introduce professional player contracts—a major step in the development of the sport in PNG. Professionalism in Papua New Guinean cricket has taken a significant step forward after the national team’s players signed inaugural full-time […]
Prepare for a tsunami of development projects: Independent Public Business Corporation chair
The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity. Now that is up and running, it is time to look at other infrastructure projects and ensure they are built […]
Newsletter Issue 10th October 2014
Click here for our latest newsletter, issued 10th October 2014.
Business provides outlook for G20 Brisbane Summit
On 8 October 2014, the International Chamber of Commerce (ICC) and the Center for Strategic and International Studies (CSIS) hosted an event in Washington D.C. on the outlook of the upcoming G20 Summit in Brisbane. The event brought together Australian and US government officials, business leaders and international policy experts to discuss expectations for the […]
Five questions for … John Kaio, Interim Managing Director, PNG Infrastructure Development Authority
As part of the 2012 Alotau Accord, the O’Neill Government agreed to establish an Infrastructure Development Authority to ‘take ownership’ of Cabinet decisions and oversee major infrastructure projects in Papua New Guinea. Business Advantage PNG spoke recently to the authority’s interim Managing Director, John Kaio. Business Advantage PNG (BAPNG): What role will the Authority play […]
Yields expected to double as cocoa industry recovers from cocoa pod borer devastation
Papua New Guinea’s largest cocoa grower, trader and exporter, Agmark, says cocoa yields in East New Britain could double, as a result of new technology arising from the battle to recover from the impact of the cocoa pod borer. The province used to be the chief provider of cocoa, with annual yields of more than […]
