Search Results for: Papua LNG

In brief: Highlands Pacific makes nickel discovery at Sewa Bay, and other business stories

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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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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.

In brief: Sovereign Wealth Fund & Corruption Commission legislation before parliament, and other business news

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Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini ‘on track’ for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.

Holiday Inn Express expands Port Moresby’s hotel market

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Holiday Inn Express Port Moresby is the latest in a succession of new hotels opening – or set to open – in Papua New Guinea’s capital. Business Advantage PNG asks InterContinental Hotels’ Tim Pollock where this three-star property fits in PNG’s hospitality market, and discusses the challenges of running a hotel in PNG.

In brief: new Bougainville Mining Act creates ‘uncertainty’ over Bougainville Copper’s rights, and other business stories

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Bougainville Copper to seek formal acknowledgment of Bougainville mining rights, Post PNG pays first dividend, and low-cost ‘squatter’ housing project in Fiji. Your weekly digest of the latest business news.

In brief: National Petroleum Company prepares to raise investment billions, and other business stories

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National Petroleum Company to appoint a specialist debt-raising adviser for new oil and gas projects, Treasury says public debt above 35% limit and anti-corruption hotline more successful than expected. Your weekly digest of the latest business news.

In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories

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Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.

In brief: Moves to reduce internet charges and other business stories

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New technology may reduce internet charges, Vanuatu assesses cyclone damage and Newcrest buys Wamum gold project. Your weekly digest of the latest business news.

In brief: promise to complete key highway within 30 months and other business stories

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PM promises to upgrade Gulf-Southern Highlands Highway, a ban on foreigners buying land, and a possible chocolate factory for East Sepik. Your weekly digest of the latest business news.

In brief: Total to lead Elk-Antelope gas development, and other business stories

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Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.