K92 Mining announces Project Director and Highlands region Chief Superintendent gets reinstated.
People moves: K92 Mining, Royal Papua New Guinea Constabulary
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15 Jun 2022 by Leave a Comment
In brief: Wafi-Golpu mine negotiations reach ‘final leg’ and other business news
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15 Jun 2022 by Leave a Comment
MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.
Papua New Guinea’s other gas project: Arran Energy’s Stanley
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15 Jun 2022 by 3 Comments
While the Papua LNG and P’nyang projects are the main game in Papua New Guinea’s gas sector, Arran Energy’s smaller Stanley gas project in Western Province looks set to beat both into production. Business Advantage PNG talks to Executive Chairman Michael McGowan to find out more.
The continued challenge of Papua New Guinea’s state-owned enterprises
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8 Jun 2022 by 1 Comment
Do state-owned enterprises (SOEs) help or hinder economic progress? That’s a question Satish Chand, Professor of Finance in the School of Business at the University of New South Wales, was asked to consider at a recent business forum.
In brief: China to support Papua New Guinea’s Ihu Special Economic Zone and other business news
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8 Jun 2022 by Leave a Comment
China reaffirms its commitment to supporting the development of the Ihu Special Economic Zone, Vanimo Airport officially reopens, and Ok Tedi Mining to open a museum to highlight its history and legacy. The business news you need this week.
Technology & growth: Moni Plus looks to a banking licence and IPO
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8 Jun 2022 by Leave a Comment
Despite the pandemic’s severe economic impacts in Papua New Guinea, financial institution Heduru Moni Limited (trading as Moni Plus) achieved record-breaking revenues and profits in 2021. Business Advantage PNG sat down with the company’s new CEO, Aho Baliki OBE, to discuss its successes and ambitious plans for growth.
People moves: PNG Power, ANZ, CPL Group, Censorship Office
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8 Jun 2022 by Leave a Comment
New boss for PNG Power, new Regional Executive, Pacific at ANZ, Jack’s of PNG welcomes new Retail Managers, and the Censorship Office announces Deputy Chief Censor.
Geopacific Resources to review the future of Woodlark gold project
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1 Jun 2022 by Leave a Comment
The future of the proposed new gold mine on Papua New Guinea’s Woodlark Island remains in question, as Geopacific Resources looks to reset expectations surrounding the project and explores the possibility of a ‘corporate or asset-level’ sale.
In brief: Pacific nations decline signing economic and security deal with China & other news
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1 Jun 2022 by Leave a Comment
Pacific nations, including Papua New Guinea, have declined signing a deal with China, Papua New Guinea Customs expects losses of K200 million and Ihu SEZ commences second phase and gathers interest from several countries. The business news your need.
Security & strategy: online payments to transform Internal Revenue Commission
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31 May 2022 by 1 Comment
Papua New Guinea’s Internal Revenue Commission (IRC) recently established an online payment portal, ‘myIRC,’ as part of its strategy to take the country’s tax system online. Business Advantage PNG sits down with Commissioner General Sam Koim to see how it is going and discuss the IRC’s long-term strategy.
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