Communications Minister confident in a new telco by year-end, the ICCC initiates review of Kina’s takeover of Westpac, and Ok Tedi Mining pledges K10 million in COVID-19 relief. Your business news in brief.
In brief: Third mobile carrier getting ready to roll by year-end and other business stories
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31 Mar 2021 by Leave a Comment
Motor industry undergoing ‘once-in-century transformation’, says Ela Motors CEO
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31 Mar 2021 by Leave a Comment
Toyota Tsusho (PNG) Ltd, better known as Ela Motors, is Papua New Guinea’s largest vehicle retailer, with a market share of around fifty percent. Its CEO, Mitsuyoshi Okutsu, discusses the impact of COVID-19, new investment plans and how technology is transforming the motor industry.
In brief: Chamber of Mines and Petroleum pledges to help Papua New Guinea with COVID-19 efforts and other business stories
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29 Mar 2021 by Leave a Comment
The PNG Chamber of Mines and Petroleum pledges to join help with COVID-19 efforts, news on the Simberi gold mine revised MOA and a new report highlights strategies to help the coffee industry. Your business news in brief.
Ramu 2 hydro will be a gamechanger for Papua New Guinea, says PNG Power MD
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29 Mar 2021 by Leave a Comment
PNG Power’s Managing Director Flagon Bekker has outlined the state-owned utility’s plans to improve the stability and reliability of power supply in Papua New Guinea during a special Business Advantage PNG briefing. He elaborated on what will be the largest ever investment in PNG infrastructure – the nation-building Ramu 2 hydropower project.
In brief: Negotiations with Twinza Oil still ongoing and other business stories
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24 Mar 2021 by Leave a Comment
Negotiations for Twinza Oil’s Pasca A still ongoing, ANZ continues to waive fees for online transaction to 10 Pacific countries and Bank South Pacific implements a ‘no mask, no entry’ policy. The news in brief.
People moves: Ernst & Young
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24 Mar 2021 by Leave a Comment
Ernst & Young announces key appointment for its Oceania team.
New COVID-19 restrictions commence today in Papua New Guinea
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22 Mar 2021 by 5 Comments
Papua New Guinea reported 295 new confirmed cases of COVID-19 on Friday and with more cases to be confirmed, the National Pandemic Controller has issued 12 new measures that come into effect today.
In brief: Ok Tedi Mining suspends operations and other business stories
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22 Mar 2021 by Leave a Comment
COVID-19 forces Papua New Guinea’s Ok Tedi Mining to shut operations, PNG Biomass Project decision due in later this year and Mendi Airport completion expected in October. Your business news summarised.
Australia suspends flights from Papua New Guinea to Cairns
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17 Mar 2021 by 2 Comments
The Australia government is suspending passenger flights from Papua New Guinea to Cairns, one of a number of measures that will impact business travel between the two countries. Meanwhile, PNG is getting ready for further COVID-19 mitigation measures.
In brief: leading PNG companies announce 2020 financial results and other business stories
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17 Mar 2021 by Leave a Comment
Credit Corporation, NGIP Agmark and Kina Asset Management release their 2020 financial year results. The latest business news in brief.
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