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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: Total SA to start construction of LNG plant in 2018 and other business stories

20 Apr 2016 by Leave a Comment
Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news. The Chairman and Chief Executive Officer of oil and gas company Total SA, Patrick Pouyanné, says the company is planning to […]
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In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories

13 Apr 2016 by
Government tells Chinese company to start building Madang's Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.
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In brief: Asian Development Bank downgrades Papua New Guinea’s growth outlook, and other business stories

6 Apr 2016 by 1 Comment
Papua New Guinea's growth forecast downgraded by Asian Development Bank, Bank of PNG says growth this year will partly be driven by non-mineral sector activity, plus claims PNG's global corruption rating will depend on government commitment to accountability. Your weekly digest of the latest business news.
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In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories

30 Mar 2016 by Leave a Comment
Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.
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In brief: manufacturing affected by downturn in the economy and other business stories

23 Mar 2016 by Leave a Comment
Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL's profit comes in at K6.5 million. Your weekly digest of the latest business news.
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In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories

16 Mar 2016 by Leave a Comment
Ok Tedi's cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
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In brief: LNG overtakes gold as top export and other Papua New Guinea news

9 Mar 2016 by 1 Comment
LNG overtakes gold as PNG's top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.
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In brief: Ok Tedi mine reopens and other Papua New Guinea business stories

2 Mar 2016 by Leave a Comment
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
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In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories

24 Feb 2016 by Leave a Comment
Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]
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