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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 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 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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People moves: Kokoda Track Foundation, KTHL, NCSL, Save the Children Australia, World Bank

14 Jul 2021 by Leave a Comment
The Kokoda Track Foundation names new Director, Kumul Telikom Holdings Ltd (KTHL) announces changes, Nasfund Contributors Savings and Loan Society welcomes a Chief Operating Officer, Save the Children Australia announces Pacific representative and the World Bank to welcome new Country Economist.
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Geopacific Resources’ ‘phenomenal’ Woodlark project to produce gold within 18 months

14 Jul 2021 by Leave a Comment
Australian miner Geopacific Resources has secured funding to develop the gold mine on Papua New Guinea’s Woodlark Island in Papua New Guinea’s Milne Bay Province. Business Advantage PNG spoke exclusively to Chairman Ian Clyne and CEO Tim Richards about their expectations for the project.
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BSP denies regulator’s anti-money laundering allegations

14 Jul 2021 by 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 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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In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories

7 Jul 2021 by 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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