Registrations open for the 2021 Papua New Guinea Investment Conference

Welcome,

Registrations are now officially open for the 2021 Business Advantage Papua New Guinea Investment Conference and the provisional program has been released. The digital conference will take place from 7 to 9 September 2021.

People moves: Deloitte PNG, Credit Corp, Steamships, Coffee Industry Corporation

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Deloitte PNG announces the names of its two new partners, Credit Corp’s Chief Risk Officer bids adieu, changes to Steamships board and new board appointed for the Coffee Corporation Industry.

In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories

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PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.

World Bank increases support for Papua New Guinea

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The World Bank has approved US$100 million (K352 million) in concessional funding to support Papua New Guinea in its response to COVID-19, and ‘lay important foundations for a sustainable recovery’. The funding will not be without risk, however.

In brief: PNG Power workers demand clarity and other business stories

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PNG Power workers protest lack of consultation and transparency, China delivers 200,000 doses of the Sinopharma vaccine to Papua New Guinea and Kina Asset Management Limited presents its annual report. 

People moves: PNG Power, Credit Corp PNG, PNG Defence Force, Oil Search, Newcrest Mining, Paradise Foods

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PNG Power Managing Director resigns, Credit Corporation PNG announces changes to its board, new appointment at PNG Defence Force, changes at Oil Search board, Newcrest Mining welcomes a new Director and Paradise Group CEO steps down.

In brief: BSP refutes allegations of breaches to anti-money laundering laws and other business stories

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BSP Financial Group Limited responds to accusations, Air Niugini temporarily suspends flights to Cairns and Memorandum of Understanding signed to boost green finance initiatives.

People moves: Employers Federation of PNG

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The VP of the Employers Federation of PNG says goodbye.

Australian defence spending in Papua New Guinea to provide business opportunities

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The imminent upgrade of defence facilities on Papua New Guinea’s Manus Island should provide significant opportunities for local business and labour, according to Australia’s Department of Defence. But the selection requirements are likely to be demanding.

Combined visa and work permit system on its way in Papua New Guinea

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The holy grail of a combined online application process for both visas and work permits is on its way, according to Papua New Guinea’s Chief Migration Officer, Stanis Hulahua. The move is one of a number of innovations planned to improve international labour mobility.