News

In brief: Papua New Guinea SOEs’ tax debt close to K700 million and other business stories

The Internal Revenue Commission's potential plans for state-owned enterprises debt to be repaid, Fiji welcomes Kina Bank, and Link PNG's proposed acquisition of PNG Air rejected again. The business news you need to know today.
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In brief: ICCC says changes to electricity supply industry may affect Papua New Guinea’s electricity access goals

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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ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

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?

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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