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In brief

The week's business news in summary. In Brief is sourced from a variety of Papua New Guinea and international media outlets as a service to our readers. Business Advantage PNG makes no claim for the veracity of third party sources.

In brief: Papua New Guinea ‘will shortly be sending Exxon’ its final position for P’nyang and other business stories

1 Jun 2020 by 1 Comment
Papua New Guinea's Prime Minister, James Marape, talks about the delays in resources projects, Air Niugini through its subsidiary Link PNG could purchase up to 60 per cent of shares in PNG Air and K113,000,000 from the COVID-19 stimulus package will be used to improve food security and strengthen agriculture production.
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In brief: Kumul Submarine Cable System completes connections and other business stories

25 May 2020 by Leave a Comment
The Kumul Submarine Cable lands in Bougainville , the Pasca A gas project is on its way to becoming the first offshore field development in PNG and the PNG Tourism Promotion Authority reveals the impact COVID-19 on the tourism industry. The business news your need to kickstart your week.
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In brief: Wafi-Golpu negotiations to resume and other business stories

18 May 2020 by Leave a Comment
PNG’s Prime Minister green-lights Wafi-Golpu negotiations, Twinza’s Pasca A project is next on the government's list and Vision City Mega Mall announces rent assistance for businesses. The business news you need to kickstart your week.
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In brief: Barrick removes Porgera mine’s production from guidance and other business stories

11 May 2020 by Leave a Comment
Porgera mine output is removed from Barrick’s full year guidance, Westpac announces new division for Westpac Pacific and Australia and New Zealand agree on a 'trans-Tasman COVID-safe' travel zone. The business news you need to kick-start your week.
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In brief: Oil Search still keen on P’nyang gas project and other business stories

4 May 2020 by Leave a Comment
S&P Global Rating lowers Papua New Guinea’s sovereign credit rating, Zijing Mining sends letter to Prime Minister Marape and PNG DataCo lands the Kumul Submarine Cable in Kavieng. The business news you need to kickstart your week.
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In brief: lease extension for Papua New Guinea’s Porgera mine refused and other business stories

26 Apr 2020 by Leave a Comment
Papua New Guinea to take over Porgera Mine, Mining Minister is looking to restart Wafi-Golpu discussions and Shadow Treasurer urges the introduction of a supplementary budget. The business news you need to kickstart you week.
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In brief: Papua New Guinea to receive K4.2 million from the US and other business stories

20 Apr 2020 by Leave a Comment
The United States commits K4.2 million in the fight against COVID-19 in Papua New Guinea, Monoyal project gets positive drilling results and PNG confirms five new cases of COVID-19. The business news you need to kickstart your week.
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In brief: Papua New Guinea to receive K70 million from the World Bank and other business stories

15 Apr 2020 by Leave a Comment
World Bank commits K70 million to help Papua New Guinea in its fight against COVID-19, the Minister for Petroleum gives an update on resource projects and Oil Search successfully completes its equity raise. The business news you need to know to kickstart you week.
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In brief: Papua New Guinea’s financial institutions respond to State of Emergency and other business stories

6 Apr 2020 by 1 Comment
Papua New Guinea's financial institutions offer businesses support for State of Emergency, Oil Search cuts staff, and Air Niugini to resume flights. The business news you need to kickstart your week.
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In brief: African swine fever reaches Papua New Guinea and other business stories

30 Mar 2020 by Leave a Comment
The Minister for Agriculture puts measures in place to stop the spread of the African swine fever and protect the pork industry, Prime Minister James Marape announces stimulus package and ICCC monitors shops to avoid price spikes in essential items. The business news you need to kickstart your week.
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