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Port Moresby 2018 APEC Summit to deliver significant opportunities for PNG business

Papua New Guinea’s APEC 2018 Coordination Authority is on track to deliver its budget for the 2018 event later this year, with interim CEO Christopher Hawkins saying it will highlight the opportunities the business sector can capitalise on. Businesses throughout Port Moresby can expect to find a wide range of opportunities in the lead-up to…

Disaster planning in the Pacific: insurance industry can help

Asian Development Bank analysis shows just how vulnerable Pacific nations are to natural disasters, but what can be done to better manage the risk? Wayne Dorgan from leading Papua New Guinea insurer Pacific MMI calls on disaster co-ordinators in the region to consult more closely with the insurance industry. The Asian Development Bank’s (ADB) July…

ANZ PRESENTS ITS VISION FOR FUTURE OF PNG ELECTRICITY

ANZ’s timely discussion paper, Powering PNG into the Asian Century, argues for further reform in Papua New Guinea’s electricity sector and a greater reliance on newer, cleaner energy technologies. Powering PNG into the Asian Century follows on from Bold Thinking, a 2013 PNG-focused report also compiled for ANZ by research firm Port Jackson Partners. This…

How one town in PNG found life after the gold rush

Sustainability and value-adding are repeatedly stated as the goals for Papua New Guinea’s forestry sector. Ian Neubauer visits Bulolo in Morobe Province, an old gold-mining town that has re-invented itself with a sustainable timber industry. In 1932, the Bulolo Gold Dredging Company airlifted a 110- tonne dredge piece by piece from the port city of…

Ok Tedi closure could cost PNG K2.7 billion

The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2.77 billion a year. Ok Tedi Mining Limited (OTML) has…

Two milestones on the way to improved electricity in PNG

Two new milestones on the way to boosting electricity access to 70 per cent of Papua New Guineans households are due this month. Business Advantage PNG speaks with Roberto Aiello, Senior Energy Specialist with the World Bank, which is supporting the PNG government with its energy development plans. Under the PNG government’s Vision 2050 Development…

How new technologies will affect PNG businesses

New and emerging technologies have the potential to radically transform business operations, driving e-commerce, cloud computing and efficiencies in supply chains and manufacturing. Business Advantage PNG asks some technology experts how some of these technologies are and will be deployed in Papua New Guinea. E-commerce, mobile technologies, cloud computing and the Internet of Things (IOT)…

Newsletter Issue 10th July 2015

Click here for our latest newsletter, issued 10th July 2015.

LNG sales drives massive rise in Papua New Guinea exports in 2014

Exports from Papua New Guinea rose 64 per cent in value during 2014 to K21,903.6 million, largely due to the start of LNG production, according to the Bank of Papua New Guinea. In its March Quarterly Update, which aggregates the four quarters of the 2014 fiscal year, the bank reports the total value of exports…

‘One building at a time’: PNG’s KK Kingston prepares for next wave after consolidation

For the last 18 months, leading Lae manufacturer K K Kingston has been consolidating and restructuring. Chief Executive Officer Michael Kingston talks to Business Advantage PNG about the company’s strategy, his optimism for the future, and the issues facing businesses in Papua New Guinea. Business Advantage PNG (BAPNG): What are the key challenges facing K…