Archive for the ‘business loans’ Category

Infrastructure Opportunities Amidst Calamities

A portion of Papua New Guinea’s population is now trying to recover after extreme floods recently devastated their properties. Homes were submerged alongside gardens, crops, and even livestock. Other than that, surrounding roads also seemed to have lay to waste as the storm subsided. This has called into question the construction quality of infrastructure. Image…

Contributing or Confusing: PNG Infrastructure

Playing a huge part as a factor affecting growth and as an indicator of it, infrastructure is easily an essential element that affects people’s way of life in Papua New Guinea. It offers accessibility, comfort, convenience, and opportunities. But is the end result of building PNG infrastructure really all fine and dandy? Image Source: onepng.com…

National Capital District: Navigating New Opportunities

The landscape of the National Capital District in Papua New Guinea has shifted in the few years of development it has gone through. And it seems like surrounding areas are about to experience the same treatment while the government pushes for a more progressive and modern appeal. Parceled-off land in the outskirts are being structured…

Incorporated Land Group: Minding Misconceptions

Customary landowners may be perplexed and intimidated with the system of registering their land as Incorporated Land Groups through the Voluntary Customary Land Registration. These might be due to either worries of the underlying costs or the complexity of the process itself. But this also might be a good long-term investment. Image Source: abc.net.au Requirements Registering…

Archdiocese of Rabaul: Housing Project from Heaven

Various housing projects and policies have been popping up in the real estate sector of Papua New Guinea. For instance, the National Gaming Control Board has issued the first ever housing policy that aims to distribute shares from 20 land leases to loyal employees. The Government of Papua New Guinea has also been partnering with…

New Housing Benefit Tax: Clearing the Air

Eyebrows were raised after the announcement of a change in housing benefits for 2017. But the government was quick to come to its defense and explain that the uproar is nothing but a product of a misunderstanding. This is a sentiment that was explained by Treasury Secretary Dairi Vele during a conference with media outlets….

Highway to Change: The Foreign Connection

The real estate and land markets in Papua New Guinea are slowly gaining traction as new developments both in policies and construction begin to commence. These includes both factors for future changes and ones that are currently underway. But what exact impact do these developments have for businesses inside the said industries for citizens and…

PNG Economy: Better and Bolder

The Papua New Guinea real estate sector has seen its fair share of ups and downs. But a couple of new activities in the market may be able to help stabilise its continuous growth and contribute to the PNG economy. Image Source: emtv.com.pg Building Structures and Building Lives Other than the prominent use of customary…

PNG Real Estate and its Current State

One of the components to the growth of Papua New Guinea are the project pipeline and the attractive investment opportunities for investors in the PNG real estate sector. This is according to the Oxford Business Group’s “The Report: Papua New Guinea 2016.” The Oxford Business Group is an international research, consultancy and publishing firm. The…

First Home Ownership Scheme: A Catalyst for Growth

Real estate has been one of the main focuses of the Papua New Guinean government, both to offset homelessness brought about by poverty and to improve the economic growth. Many projects have been done to do this such as the housing project launched by the National Gaming Control Board for their loyal employees. Another initiative…