PNG Air appoints two key positions, the National and Supreme Court welcome five new judges and Mayur Resources Limited announces changes to its board.
Fitch warns of potential political ‘flashpoints’ in Papua New Guinea but notes boosted confidence
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2 Jun 2021 by Leave a Comment
Recent developments in the Papua New Guinea’s resources sector should boost confidence, according to international ratings agency Fitch Solutions. Its latest outlook on the country, however, warns of ‘policy uncertainty and ongoing risks to social stability’.
PNG Biomass green power project under threat in Papua New Guinea
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31 May 2021 by 3 Comments
The future of one of Papua New Guinea’s highest profile green energy projects, PNG Biomass, appears under a cloud following the move by state-owned utility PNG Power to potentially cancel the power purchase agreement it has with the project.
In brief: Simberi mine suspends operations temporarily and other business stories
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31 May 2021 by Leave a Comment
St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.
People moves: South Pacific Brewery, Airways Residences
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26 May 2021 by Leave a Comment
South Pacific Brewery elects a new Chairman, plus a new GM for Airways Residences.
In brief: Shopsmart PNG signs deal with Steamships and other business stories
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26 May 2021 by Leave a Comment
Steamships partners with Emstret Holdings to help SMEs deliver its products, NDB still to loan out to SMEs, and K1 million for the honey sector. The business news in brief.
Papua New Guinea’s BSP Financial Group lists on ASX
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26 May 2021 by 1 Comment
BSP Financial Group, the Pacific’s largest bank, finally listed on the Australian Securities Exchange yesterday. The move creates a new market for its existing shares and positions the bank to tap into new sources of capital in the future.
In brief: Papua New Guinea’s BSP approved for ASX listing and other business stories
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24 May 2021 by 1 Comment
BSP Financial Group Limited receives approval to list on the ASX; a new State Negotiating team to be reappointed to the P’nyang gas project, and Joint post-referendum talks between government and Bougainville fruitful. The business news in brief.
Inside view: satellite technology a ‘game changer’ for Papua New Guinea
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24 May 2021 by Leave a Comment
Global telecommunications company Speedcast has been working in Papua New Guinea for over 12 years. Tony Waters, Senior Sales Director, says the advances in satellite communication could mean high-speed internet access at a good price for the country’s 22 provinces.
In brief: Bougainville and Papua New Guinea government in post-referendum talks and other business stories
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19 May 2021 by Leave a Comment
Papua New Guinea’s National Government and Bougainville continue post-referendum talks, Bank South Pacific signs MoU with the Department of Finance for an online payment solution and Newcrest pledges zero carbon emissions by 2050. The business news in brief.
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