Latest news Archives - Page 21 of 142 - Business Advantage PNG

In brief: ICCC says changes to electricity supply industry may affect Papua New Guinea’s electricity access goals

28 Jul 2021 by Business Advantage PNG Leave a Comment

The ICCC Commissioner issues warning about 'complete chaos' with the National Electricity Authority Act, Treasurer gives hope to potential overseas workers, and Nasfund opens a service centre in Maprik. The business news you need today.
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People moves: Capital Insurance Group, Coffee Industry Corporation

28 Jul 2021 by Business Advantage PNG Leave a Comment

The Capital Insurance Group announces Acting CEO and the Coffee Industry Corporation welcomes a new Board Chairman.
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ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

27 Jul 2021 by Business Advantage PNG Leave a Comment

In an interim determination, Papua New Guinea's Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac's remaining assets in the Pacific.
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Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?

21 Jul 2021 by Andrew Wilkins 1 Comment

Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea's largest telco. Meanwhile, gas company Santos has been pursuing PNG's largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
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In brief: Kina Bank’s new loan for SMEs in Papua New Guinea and other business stories

19 Jul 2021 by Business Advantage PNG 4 Comments

Kina Bank announces K50 million for small and medium-sized businesses, Prime Minister Marape’s update on mining projects, and BSP Financial Group cautiously optimistic about Papua New Guinea’s post-COVID recover. The business news you need today. Ports Atlas Steel PNG has been awarded a contract under the PNG Ports Safety and Security Upgrades Program to supply […]
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Twinza Oil and Papua New Guinea Government conclude negotiations on Pasca A gas project

14 Jul 2021 by Business Advantage PNG Leave a Comment

The Papua New Guinea Government and Twinza Oil have concluded negotiations on terms for Pasca A, PNG's first offshore gas project. While the terms are subject to approval by PNG's National Executive Council, a signed gas agreement is expected as soon as the end of this month.
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BSP denies regulator’s anti-money laundering allegations

14 Jul 2021 by Business Advantage PNG Leave a Comment

BSP Financial Group (BFL) has responded to allegations made by the Bank of Papua New Guinea's Financial Analysis and Supervision Unit (FASU) that it was in breach of the country's anti-money laundering laws. Meanwhile, the Bank of PNG's Governor has distanced the central bank from the allegations made by its own unit.
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In brief: Freeport to acquire assets in Papua New Guinea and other business stories

12 Jul 2021 by Business Advantage PNG 1 Comment

Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.
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Registrations open for the 2021 Papua New Guinea Investment Conference

7 Jul 2021 by Business Advantage PNG Leave a Comment

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

7 Jul 2021 by Business Advantage PNG Leave a Comment

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.
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Economic update: Papua New Guinea’s decade of growth begins

As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our … [Read More...]

Restaurant review: Lucky Lucky, Port Moresby

Port Moresby’s flourishing dining scene now features a Thai restaurant – and it’s a good ’un. Lucky Lucky launched in late … [Read More...]

Papua New Guinea’s banks embrace a digital future

Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, … [Read More...]

A closer look at Papua New Guinea’s new international airport, Nadzab Tomodachi

The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab … [Read More...]

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]