Oil and gas prices are up and copper is also strong. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets comes to you from this week’s PNG Mining and Petroleum Conference in Port Moresby.
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Oil and gas prices strong: a monthly review of Papua New Guinea’s commodities and financial markets
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29 Nov 2017 by Leave a Comment
In brief: Papua New Guinea signs up to China’s ‘One Belt, One Road’ initiative, and other business stories
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21 Nov 2017 by 1 Comment
China deal to benefit Highlands provinces, call for restructure of agriculture department and quarantine authority, and Pacific Assurance Group goes into liquidation. Your weekly digest of the latest business news.
In brief: Australia aims to build undersea cables to Papua New Guinea and Solomon Islands, and other business stories
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15 Nov 2017 by Leave a Comment
Australia undermines Chinese bid to build undersea cables, gas-fired power project approved by NEC, and Frieda River gold project to start in 2019. Your weekly digest of the latest business news.
In brief: Design of floating LNG plan underway, and other business stories
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8 Nov 2017 by Leave a Comment
Kumul Petroleum signs MOU for design of floating LNG plant, K64 million tourism support for Milne Bay and ENB provinces, and BSP reports K185 million Q3 profit. Your weekly digest of the latest business news.
Oil Search share sale represents a win for Papua New Guinea, says analyst
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27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
Papua New Guinea Investment Conference ‘a resounding success’
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13 Sep 2017 by Leave a Comment
The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
Maru says Papua New Guinea must aim at import replacement in agriculture
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13 Sep 2017 by 6 Comments
The Papua New Guinea government will establish an equity fund to invest in the agriculture sector, according to Richard Maru, Minister for National Planning and Monitoring. He tells Business Advantage PNG that replacing food imports with domestic production is a priority.
Papua New Guinea investment company plans to turn sea water into fresh water, and expand fruit and vegetable markets
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5 Sep 2017 by 3 Comments
A Papua New Guinea investment company is hoping to build two solar energy projects which will turn sea water into fresh water as well as extend the life of local fresh fruit and vegetables. PBF Agro Business General Manager Jerry Kootz Simon explains to Business Advantage PNG.
In brief: Bank of Papua New Guinea to provide US$100m to ease forex pressure and other business stories
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29 Aug 2017 by Leave a Comment
Central bank to ease forex pressures with US$100m, new Lands Minister promises to clean up corruption in his department, and the cost of childhood malnutrition estimated at K1.6 billion annually. Your weekly digest of the latest business news
Oil prices weaker but copper up sharply: a monthly review of Papua New Guinea’s commodities and financial markets
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29 Aug 2017 by Leave a Comment
Oil prices have weakened, but copper has had an upwards run. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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