The El Nino weather pattern which has seen the temporary closure of the Ok Tedi mine could potentially last for up to a year, according to former senior PNG agriculture business executive, Bob Hansen, adding the loss of mining income could be as much as K2.77 billion a year.
Search Results for: Papua LNG
In Brief: Papua New Guinea Budget deficit rises to 9.4% of GDP, and other business stories
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5 Aug 2015 by
Treasury says Deficit rises to 9.4% of GDP, foreign advisers ban, and parliament passes Sovereign Wealth Fund bill. Your weekly digest of the latest business news.
LNG and tourism behind Pacific economy’s 9.9% growth, says Asian Development Bank report
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22 Jul 2015 by Leave a Comment
Pacific economies are expected to grow an average of 9.9% in 2015, as ‘positive external flows outweigh the impacts of recent disasters’, according to the Asian Development Bank’s Pacific Mid-Year Review.
In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news
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15 Jul 2015 by Leave a Comment
Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.
In brief: US power and construction company eyes Papua New Guinea as next location, and other business news
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8 Jul 2015 by Leave a Comment
Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.
In brief: Credit Corp profit down after completion of LNG plant, and other business stories
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1 Jul 2015 by Leave a Comment
Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.
‘One building at a time’: Papua New Guinea’s K K Kingston prepares for next wave after consolidation
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30 Jun 2015 by Leave a Comment
For the last 18 months, leading Lae manufacturer K K Kingston has been consolidating and restructuring. CEO Michael Kingston talks to Business Advantage PNG about the company’s strategy, his optimism for the future, and the issues facing businesses in Papua New Guinea.
Corporate organisations build on success of remote Papua New Guinea health initiatives
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24 Jun 2015 by Leave a Comment
Travel times to medical centres in remote parts of Papua New Guinea have been cut from three weeks to as little as three hours as a result of health initiatives introduced by Digicel’s PNG Foundation. Business Advantage PNG spoke to Foundation CEO Beatrice Mahuru to find out how this has been achieved.
In brief: Port Moresby Chamber backs Northern Australia development for Papua New Guinea, and other business stories
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24 Jun 2015 by 1 Comment
Port Moresby Chamber applauds development of Northern Australia, Papua New Guinea well-placed on global LNG stage, and SP Brewery launches new brew. Your weekly digest of the latest business news.
In brief: Papua New Guinea aims to strengthen business relationship with United Kingdom, and other business stories
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17 Jun 2015 by
O’Neill wants PNG to take advantage of global business opportunities, Australia provides additional development funds, and Air Niugini outsources Lihir airport services. Your weekly digest of the latest business news.
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