PAPUA New Guinea’s economy remains strong, despite the adverse impact of lower commodity prices, the country’s prime minister has said. Prime Minister Peter O’Neill said PNG remained a great country in which to invest and do business. Addressing delegates at the PNG Business Advantage Summit 2014 in Port Moresby, O’Neill said it was the right time to invest and do business in Papua New Guinea. “Our economy remains strong, despite a number of adverse impacts

Articles provided by Bustin Anzu the Police Media Officer Police cell system launched LAE police has launched its new cell management system this week. The launching of the computerised cell management system will replace the old manual system, which has been cheated and abused by police for so long. Lae Metropolitan Commander Chief Superintendent Iven Lakatani said this is the very first of its kind that they were so fortunate to use such a modern

ECONOMIC development, climate change, oceans and sustainable development in Small Island Developing States are the focus of an international conference which kicks off today. Heads of state and international delegates have gathered in Samoa for the third UN Small Island Developing States (SIDS) conference. With an overarching theme of sustainable development through genuine and durable partnerships, SIDS aims to focus international attention on a group of countries that remain a special case for sustainable development

SPIN doctors for Public Enterprise Minister Ben Micah and the board and management of Papua New Guinea’s national postal service have gained editorial coverage in PNG’s media to sugar-coat a bad-news situation. According to media reports quoting the Minister, Post PNG has recently been forced into a receivership situation and needed rescuing with its overseer, the Independent Public Business Corporation, agreeing to provide K40 million in rescue funds. Soon afterward the organisation launched a new

Businesses in Papua New Guinea want to be able to operate seamlessly in remote locations, and take advantage of the revolution in mobile services, says Pronto Software’s Steve Hillyard. Business Advantage PNG speaks with him about how PNG has become the software company’s second largest market. Business Advantage PNG: Pronto Software has established a strong presence as a business management software provider in PNG for more than two decades now. How has the company grown

STEAMSHIPS Trading Company has confirmed a K51.1 million profit for the half year but warned of increasing pressures driven by a slower economy. The Papua New Guinea-based company’s half-year unaudited profit after tax and minority interests marks an increase of 66.1% over the same period in 2013 but a decrease of K12.7m or 19.9% when adjusted for a 2013 impairment of the company’s shipping assets. In a report to shareholders, Steamships said there had been

The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century. ‘I hold a bullish view about PNG’s future,’ declared Mike Smith, addressing the Port Moresby Chamber of Commerce and Industry last week. ‘Since my last visit around 18

PAPUA New Guinea’s national government says it will improve law and order following the release of a World Bank Group report which warned high rates of crime and violence are slowing business expansion and hampering the country’s economic development. PNG asked the World Bank to assess the social and economic costs of crime and violence as they related to business, citizens, government and civil society. Eight out of 10 businesses surveyed in PNG said they

ABOLISHING fly-in, fly-out employment would have detrimental effects for Papua New Guinea’s mining industry, an Australian junior has warned. While applauding the PNG government’s determination to consult industry ahead of changes to the constitution regarding resources ownership, Highlands Pacific CEO John Gooding warned of potential ramifications of changing fly-in, fly-out rules. As PNG mining minister Byron Chan had vowed to halt FIFO operations – mostly from Cairns but also from other Australian destinations – for

OVER recent months, a few morsels of information have come to light suggesting that the financial situation is tightening around the government of Papua New Guinea. Now with the benefit of the Treasury’s mid-year report we have a much clearer picture. As expected, it’s not pretty. What we see is a government struggling to play by its own fiscal rules and to deliver on its own budget. It’s not obvious how long the country can