The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
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Resources sector needs legislation that will position it for the future: Chamber
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1 Mar 2016 by Leave a Comment
Papua New Guinea’s approach to mining and resources legislation, currently under review, will be critical to positioning the country for the next upswing in prices, claims Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum.
Landfill Energies to convert waste into electricity in Port Moresby
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15 Feb 2016 by 1 Comment
Waste conversion company Landfill Energies is proposing to construct a plant in Port Moresby to turn municipal solid waste into electricity and diesel fuel. The company says it has a contract with PNG Power to provide electricity and intends to commence in early 2017.
In brief: Oil Search fends off takeover offer after Woodside shelves bid, and other business stories
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9 Dec 2015 by Leave a Comment
Woodside drops takeover bid for Oil Search, coffee pulper machine installed for smallholders in Jiwaka Province, and market conditions force Hides Gas Development Company to cut workforce. Your weekly digest of the latest business news.
In brief: Santos aims to improve balance sheet by raising funds, and other business stories
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11 Nov 2015 by Leave a Comment
Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. Your weekly digest of the latest business news.
In brief: Tolukuma gold mine sale to lead to restart of operations, and other business stories
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14 Oct 2015 by 1 Comment
Singapore company aims to recapitalise and restart Tolukuma gold mine, NPCP to contribute K450 million to Supplementary Budget, and PNG Defence Force ventures into business. Your weekly digest of the latest business news.
In brief: Hope that SABLs leases will be return to landowners soon, and other business stories
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7 Oct 2015 by Leave a Comment
Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.
In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories
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30 Sep 2015 by Leave a Comment
Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.
In brief: Highlands Pacific makes nickel discovery at Sewa Bay, and other business stories
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19 Aug 2015 by Leave a Comment
Sewa Bay shows potential for Highlands Pacific, El Nino weather conditions to continue into 2016, and import ban on fruit and vegetables. Your weekly digest of the latest business news.
Kumul restructure to be complete by start of 2016: Prime Minister O’Neill
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19 Aug 2015 by Leave a Comment
Following the passage of enabling legislation in the last sitting of Papua New Guinea’s National Parliament, the long-awaiting restructure of state assets and enterprises under the Kumul name is set begin, with Prime Minister O’Neill setting a target of 1 January 2016 for the transfer of state assets to their new homes.
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