The final program of the 2023 Business Advantage Papua New Guinea Investment Conference.
To download presentations and other material from the conference, please visit the Delegates’ Area (password required).
To download presentations and other material from the conference, please visit the Delegates’ Area (password required).
One of Australia’s most experienced and respected financial journalists and commentators provides his personal take on how the world economy is likely to reshape in coming years – and how it is likely to impact PNG.
The owner, publisher and editor of The Constant Investor, Alan Kohler has been Editor of the Australian Financial Review and The Age and presented the ABC TV’s ‘Inside Business’.
In 2005, Alan launched the Eureka Report, a newsletter for self-directed investors, and in 2007 was the largest shareholder and CEO of Business Spectator. In 2012, both businesses were sold to News Corporation.
These days, Alan is best known as the finance presenter for ABC TV News.
An up-to-the-minute briefing on the state of PNG’s economy and economic trends.
10.40am Morning tea. Kindly sponsored by Credit Corporation
A conference highlight, a panel of experts discusses the key features of PNG’s prevailing investment climate and identify the risks and the rewards. Topics to be covered include recent and planned regulatory changes, recent investment trends, and sectors where there are particular opportunities. Our experts:
With the TotalEnergies-led Papua LNG project now in its front end engineering and design (FEED) stage, this session will look at the next decade of planned investments in PNG’s gas sector, and the opportunities it will deliver to businesses of all sizes. Participants to include:
12.50pm Networking lunch. Kindly sponsored by KPMG
Now more than ever, environmental, social, and governance (ESG) factors are front and centre of major investment decisions. KPMG’s Global Oil and Gas Lead Jonathan Peacock will outline the factors business leaders need to consider when planning their investments in the energy sector, and the opportunities.
This session will look at how renewables are becoming a key part of the power generation mix in PNG. It will also consider the international factors that are placing greater pressure on businesses of all kinds to decarbonise.
Participants include:
The Ramu nickel and cobalt mine in PNG’s Madang Province recently celebrated its 10th anniversary. With both metals playing a key role in renewable energy technologies, there are significant prospects for further expansion.
The Bank of Papua New Guinea, PNG’s central bank, is undergoing a process of reform as a result of recent reviews. Acting Governor Elizabeth Genia will address the conference on the these reforms, on monetary policy and foreign exchange reform. Speaker:
This session will take a closer look at plans to expand PNG’s capital markets by introducing a corporate bond market, real estate investment trusts and the encouragement of greater participation. Speaker:
3.25pm Afternoon break.
This question-and-answer session will provide an update on current and planned mining projects (including the reopening of Porgera and the planned Wafi-Golpu copper-gold project), and examine measures being taken to ramping up more exploration. Participant:
5.00pm Networking drinks. Kindly sponsored by Hebou Constructions
6.30pm for 7.00pm Gala Dinner. Kindly sponsored by KPMG
This quick-fire session will provide business updates on some of PNG’s closest neighbours. Participants will include:
Westpac Group Senior Economist Justin Smirk has been a closer watcher of PNG’s economy for many years. Here he provides his personal take on the key facts about PNG’s economy that business leaders need to understand, from foreign exchange to government finances.
PNG’s state-owned enterprises, including its major utilities, play a key role in PNG’s economy and, increasingly, they are seeking private sector partnerships to deliver on their mission. Kumul Consolidated Holdings’ Managing Director David Kavanamur will identify some of the key State projects that are most suitable for private sector engagement and discuss the models that are already working in the country.
Ultimax Security Services is part of the rising wave of small and medium-sized enterprises (SMEs) in PNG. Its MD will tell the story of how a pivot away from a planned career in graphic design resulted in a business that today employs over 250 employees.
10.25am Morning tea. Kindly sponsored by Westpac
PNG government has embraced an ambitious project to completely overhaul government IT systems, with the goal of dramatically improving the delivery of government services. The architect of PNG’s digital government strategy, Steven Matainaho, will outline the strategy and identify key areas where the private sector can get involved.
This session will outline the opportunities for the private sector to access US Government development finance in PNG. Particular reference will be made to successful financing models for solar mini-grids, part of US component of the PNG Electrification Partnership.
The CEO of national airline Air Niugini will outline details of the single largest investment in the airline’s history.
PNG’s tourism sector is starting to rebound after COVID-19. The head of the peak body for the sector to outline the PNG government’s strategy to increase visitor numbers and encourage more investment.
Greater efforts in important replacement are under way to ensure PNG is able to feed itself. The larger opportunity, however, may be for the country to grow its exports to the Asia-Pacific region. Trukai CEO Alan Preston will talk about the significant efforts to supercharge PNG’s rice industry.
1.00pm–2.00pm Closing remarks and networking lunch. Kindly sponsored by Westpac.
* Invited