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Interview

Andrew Barry, Managing Director, ExxonMobil PNG: Interview
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Interview: Andrew Barry Where is there potential for more downstream processing in Papua New Guinea’s energy sector? ANDREW BARRY: We are very supportive of the government’s wish to explore more downstream opportunities for locally produced gas. There is gas entering the local market, and substantial room for more. We can see the value of making reliable, cheap power available to everyone because…
Interview

Peter Botten, CEO, Oil Search: Interview
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Interview: Peter Botten How will global liquefied natural gas (LNG) trends affect the industry in Papua New Guinea? PETER BOTTEN: The LNG market is undergoing a revolution: moving away from traditional long-term contracts into much higher volumes that are traded on the spot, or in other short-term markets. The world is becoming much more connected in terms of LNG sales, meaning that energy demand…
Interview

Richard Yopo, Acting Managing Director, National Airports Corporation (NAC)
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Interview:Richard Yopo What is your assessment of Papua New Guinea’s airport infrastructure in the run-up to hosting the APEC conference in 2018? RICHARD YOPO: Our primary goal is to work with the APEC committee to assess what needs to be achieved in the coming year to successfully host the summit in 2018. Not a lot of new infrastructure needs to be constructed, aside from an additional holding…
Interview

Jason Yip, Managing Director, DAC Real Estate: Interview
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Interview: Jason Yip Will real estate prices in Papua New Guinea level out in the short to medium term? JASON YIP: We expect to see prices levelling out by the end of 2017 to mid-2018. There is always some uncertainty leading up to and during an election year, and this period has been no different, as corporations are taking a conservative approach to investment and expansion decisions. Once we have…
Interview

Sir Brown Bai, Director, New Britain Palm Oil: Interview
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Interview: Brown Bai What criteria need to be taken into account to create a more profitable and sustainable palm oil industry in Papua New Guinea? BROWN BAI: Players in the palm oil sector have a lot of international exposure. They are all certified by the Roundtable on Sustainable Palm Oil, and sustainability principals are independently audited every year. In addition, the environmental laws are…
Interview

James Lau, Managing Director, Rimbunan Hijau (PNG) Group: Interview
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Interview: James Lau How would you describe the sentiment of the retail sector, given the current economic slump? JAMES LAU: I would characterise the mood as one of cautious optimism. The sector is facing several key challenges, but high-quality operators are continuing to exhibit growth, and the longer-term trends appear positive. The challenges include ongoing foreign exchange shortages, rising…
Interview

Paulus Ain, Commissioner and CEO, Independent Consumer and Competition Commission (ICCC): Interview
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Interview: Paulus Ain How do practices in Papua New Guinea stack up against World Trade Organisation (WTO) regulations and guidelines on free trade? PAULUS AIN: Our role at the ICCC is to implement and enforce WTO guidelines on behalf of the PNG government. The framework encompasses everything from eliminating trade distortions between countries, to trimming down tariff and non-tariff barriers, and…
Interview

Mahesh Patel, Chairman, Telikom PNG: Interview
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Interview: Mahesh Patel How do you see the recent merger impacting the telecommunications market in Papua New Guinea? MAHESH PATEL: This merger has been four years in the making – bmobile used to be part of Telikom, but when it was taken out the whole portfolio was weakened, allowing our competitor to grow. After much discussion it was decided bmobile, Telikom and DataCo would be consolidated,…
Interview

Ilan Weiss, Chairman, Innovative Agro Industry: Interview
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Interview: Ilan Weiss What issues need to be addressed to enable growth in the domestic agriculture sector? LLAN WEISS: For thousands of years the people of Papua New Guinea have been living off the land, so in a country like this, it is easier to tap into natural agricultural skills. In contrast to the great potential present in PNG for developing agriculture, there are also many challenges that…
Interview

Jonathan Seeto, Territory Partner, PwC: Interview
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Interview: Jonathan Seeto How do you assess the current state of the business climate in Papua New Guinea? JONATHAN SEETO: As I reflect on conversations with business leaders in various forums, and the surveys that PwC undertakes throughout the year, unsurprisingly the resounding theme has been one of challenge. Nevertheless, despite all the apparent challenges, we have observed that CEOs in PNG…