Twinza Oil and Papua New Guinea Government conclude negotiations on Pasca A gas project

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

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

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

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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In brief: BSP refutes allegations of breaches to anti-money laundering laws and other business stories

BSP Financial Group Limited responds to accusations, Air Niugini temporarily suspends flights to Cairns and Memorandum of Understanding signed to boost green finance initiatives.
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Australian defence spending in Papua New Guinea to provide business opportunities

The imminent upgrade of defence facilities on Papua New Guinea's Manus Island should provide significant opportunities for local business and labour, according to Australia's Department of Defence. But the selection requirements are likely to be demanding.
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