Papua New Guinea’s independent power producers are owed in excess of K200 million by state utility PNG Power, which itself is facing revenue challenges, according to industry association, IP3. The situation is being made worse by rising global fuel costs.
In brief: World Bank to fund new agriculture project in Papua New Guinea and other business stories
Welcome,
4 Jul 2022 by 1 Comment
The World Bank announced new program and generous funding for Papua New Guinea agriculture sector, call centre launched for the 2022 elections and the Civil Aviation Development Investment Program eyes phase 2. The business news you need today.
St Barbara opts for ‘strategic review’ of Simberi mine in Papua New Guinea
Welcome,
29 Jun 2022 by Leave a Comment
Australian miner St Barbara has deferred an expected final investment decision on expanding the Simberi mine in Papua New Guinea and has announced a strategic review into the mine that could see it sold.
In brief: PNGEITI head says Porgera needs to reopen soon and other business stories
Welcome,
29 Jun 2022 by Leave a Comment
Calls for the reopening of Porgera gold mine and compensation, BSP Financial Group Ltd files a Supreme Court reference on new income tax, and Lae City to get a new market. The business news you need.
People moves: Air Niugini, Judicial and Legal Services Commission
Welcome,
29 Jun 2022 by 1 Comment
Papua New Guinea’s national airline welcomes new General Manager Commercial and the Judicial and Legal Services Commission extends terms.
Papua New Guinea’s stock exchange looks to blockchain
Welcome,
22 Jun 2022 by 2 Comments
The prospect of instantaneous settlements on Papua New Guinea’s stock exchange, PNGX, has moved a little closer with a new agreement to explore blockchain technology to support its trading system. PNGX Chairman David Lawrence tells Business Advantage PNG the technology could ‘turbocharge’ PNG’s capital markets.
Kumul Petroleum: getting power to the people
Welcome,
22 Jun 2022 by Leave a Comment
Kumul Petroleum Holdings has been working non-stop to assist the National Government reach its goal of connecting 70 per cent of Papua New Guinea’s population to electricity within the next eight years. Here’s how it’s advancing.
In brief: new billion kina electricity project in Papua New Guinea and other business news
Welcome,
20 Jun 2022 by Leave a Comment
The Asian Development Bank and partners join forces for multimillion electricity project in Papua New Guinea, the Mineral Resource Authority stops field operations temporarily and new plan to help the copra industry against pest. The business news your need today.
People moves: Credit Corporation, Asian Development Bank
Welcome,
20 Jun 2022 by Leave a Comment
Credit Corporation welcomes new Group Chief Risk Officer and the Asian Development Bank announced new Special Senior Adviser for Climate Change.
Middle class growth brings opportunities to manufacturing in Papua New Guinea
Welcome,
15 Jun 2022 by Leave a Comment
With the world slowly going back to a ‘new normal’ and Papua New Guinea’s population growing, opportunities abound for Papua New Guinea’s manufacturers. If challenges can be addressed, they say, the future could look even brighter.
USD 0.2594
AUD 0.383
GBP 0.1999
EUR 0.2381
NZD 0.4255
JPY 40.98
SGD 0.3482
Recent readers’ comments