NADZAB DEVELOPMENTS We are looking forward to receiving an application for membership from the National Airports Corporation (NAC) to join the Lae Chamber of Commerce. We believe this will improve the two ways communication between our organizations, and this will be beneficial to the development taking place at Nadzab. Two weeks ago I reported a successful discussion with Mr Joe Tupiri the NAC Managing Director who is happy to partner the LCCI to push the

More than 300 government and business leaders came together in London this week to press for stronger intellectual property (IP) enforcement measures in Europe and worldwide. The International IP Enforcement Summit was hosted by the United Kingdom IP Organization, European Commission, the Office for Harmonization in the Internal Market and the EU Observatory on Infringements of IP. “The support and involvement of the leaders of these key government organizations is a clear demonstration that enforcement

The Pacific’s increasing integration with Asia, elections in Fiji and more leadership from Papua New Guinea are just some of the factors likely to shape the region over the coming year, according to the region’s three top bankers. In exclusive interviews with all three, Business Advantage PNG canvasses their thoughts on the year ahead. ‘There’s no doubt Australia and New Zealand will continue to be a dominant trading partner for the Pacific countries, but China

Shorncliffe Update: Cassowary Rd: (See newsletter for an updated TMP) Huon to Cassowary junction access is limited to Resident. Line Drain, Kerbing Pavement Preparation Continues between Wagtail and Huon Road. Pavement Concrete Continues between Wagtail Street and Finch Street. Temporary access roads are provided near Wagtail Street. Mangola Street: (See newsletter for an updated TMP) On Rabtrad side( One Side only). Concrete Pavement in progress. Starting June 14, we will block the section between Marsina

The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers. Key business leaders say that while importers will benefit, the Bank of Papua New Guinea’s move to restrict commercial transactions of the kina to between $US0.405 and US$0.4200, significantly higher than recent valuations, will adversely affect exporters.

BEWARE OF PORT MORESBY TAXIS Are you going on a trip to Port Moresby? Then take care if you take a taxi! The Road Safety Inspectors are conducting road safety Inspections in Port Moresby at the moment as they are indeed doing in Lae. There are random road blocks throughout Port Moresby checking vehicles. One of the groups they are targeting is the illegal taxi operators. More than one Lae traveller has been in a

The Bank of Papua New Guinea this week made a surprising move to support a weakening currency, at the same time acting to restrict the margins being made by the country’s foreign exchange dealers. Responding to what its Governor Loi M Bakani described as ‘a market failure in the trade and transacting of foreign currency,’ the central bank issued an instruction to the country’s banks, and other foreign exchange dealers, to restrict their US dollar

A Lae truck parts supplier has risen from the ashes to be back in business within days of a blaze destroying the company’s warehouse. Transparts International, a supplier of essential truck parts to the PNG resources industry, shifted the business to managing director Justin Connolly’s home as staff worked to ensure customers’ orders were met. The company had just celebrated 10 years at the corner of Milforhaven Road and Malaita Street when a fire started

Preparations are well underway for the Port Moresby 2015 Pacific Games but the benefits will continue long after the event itself. With more than 3000 competitors, 500 team officials and 1000 technical officials and dignitaries from 21 neighbouring Pacific nations due to converge on PNG’s capital city, organisers have been busy behind the scenes planning a world-class sporting event. Key to the event’s success is the investment of almost 1 billion kina ($A378 million) for