Forestry leader says PNG industry facing challenges from China
Papua New Guinea’s forestry faces fierce competition and pricing challenges, Chief Executive of the Forest Industries Association, Bob Tate, tells Business Advantage PNG. He says...
Category : Finance
Linda Paru outlines path to being a successful businesswoman in Papua New Guinea
Education, determination and passion are the main driving forces behind the success of Linda Sincha Paru, an Human Resources specialist, who is now expanding the...
InterOil Secures US$470 Million Credit Facility
InterOil Corporation (NYSE: IOC, POMSox: IOC) today announced that it has entered into a new US$470 million senior secured credit facility. Once the conditions precedent...
Kina Signs Nasfund Funds Administration Mandate
Papua New Guinea (PNG) financial institution Kina Securities Ltd has today signed an agreement with National Superannuation Fund (NASFUND) to provide fund administration services to...
Global demand for energy to rise but it may not mean higher prices, says expert
World demand for energy will double by 2050, according to Professor Peter McCabe, Head of the Australian School of Petroleum at the University of Adelaide....
Why many Papua New Guinea companies become conglomerates
Conglomerates have become a rare breed in developed economies; the strategy of diversifying across different industry sectors tends to be punished by investors who prefer...
Monthly review of Papua New Guinea’s commodities and financial markets
Commodities markets appear to have entered a holding pattern, with stability evident in the oil market and metals. Business Advantage PNG’s monthly overview of Papua...
Papua New Guinea Year in Review 2016
Lower returns from the extraction and agriculture sectors and a global fall in commodity prices combined to curb Papua New Guinea’s economic growth in 2016,...
Wall Street falls with financials, other post-election gainers
U.S. stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks...
Financial Institutions to Kick-start Kids Savings
Savings shouldn’t just be for adults but should also include children. Here are 3 financial Institutions that offer kids savings products....