It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea’s Independent Consumer and Competition Commission has issued a ‘final determination’ declining authorisation of Kina’s proposed acquisition of Westpac Papua New Guinea.
Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets
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14 Sep 2021 by 6 Comments
Santos and Oil Search agree to merge
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13 Sep 2021 by Leave a Comment
Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with ‘a pro-forma market capitalisation’ of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal’s fate, however.
In brief: Papua New Guinea’s Prime Minister talks about Wafi-Golpu and other business stories
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9 Sep 2021 by Leave a Comment
Air Niugini announces restrictions to travel to Sydney, Prime Minister Marape says Wafi-Golpu could be expected in December and Twinza Oil gets an ultimatum. The business new you need today.
Papua New Guinea awards Pandora gas field licence to Kumul Petroleum
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9 Sep 2021 by 2 Comments
Awarding the Pandora gas field license to Papua New Guinea’s oil & gas national company spells potential significant changes to the way licenses are granted in the country.
People moves: Super Value Stores, Pacific Games
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9 Sep 2021 by Leave a Comment
Super Value Stores welcomes new Chief Executive Officer and the 2023 Pacific Games appoint new boss.
Papua New Guinea Investment Conference gets off to a flying start
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8 Sep 2021 by Leave a Comment
The three day Business Advantage Papua New Guinea Investment Conference got off to a flying start on Tuesday 7 September, with no less than two prime ministers and a host of other expert speakers addressing the digital forum. The tone was more upbeat than could have been expected 18 months into the COVID-19 pandemic. The […]
IFC looking at investment opportunities ‘even more actively’ in Papua New Guinea, says new country head
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3 Sep 2021 by 1 Comment
Markus Scheuermaier is the International Finance Corporation’s (IFC) new Resident Representative in Papua New Guinea. He shares his thoughts on how the IFC can make the most difference in PNG with Business Advantage PNG.
Prime Minister to open Papua New Guinea’s prestigious international investment conference
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3 Sep 2021 by Leave a Comment
Papua New Guinea’s Prime Minister, the Hon. James Marape MP, will make the opening address at the 2021 Business Advantage Papua New Guinea Investment Conference on the morning of Tuesday 7 September.
People moves: Ok Tedi Mining
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1 Sep 2021 by Leave a Comment
Ok Tedi Mining Limited (OTML) farewells Chairman.
In brief: K92 Mining strikes gold and other business stories
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1 Sep 2021 by Leave a Comment
K92 Mining announces high-grade mineralisation in Judd vein deposit, SP Brewery new product launch, and Twinza Oil still waiting on final agreement for Pasca A. The business news you need today.
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