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.
New travel rules in Papua New Guinea place emphasis on vaccination
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6 Jul 2021 by 1 Comment
Vaccination against COVID-19 will now be a requirement for many travellers, after stricter new rules were released last week in Papua New Guinea to tackle the more dangerous Delta strain of the virus. Here’s a summary of the new requirements.
In brief: PNG Power workers demand clarity and other business stories
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30 Jun 2021 by Leave a Comment
PNG Power workers protest lack of consultation and transparency, China delivers 200,000 doses of the Sinopharma vaccine to Papua New Guinea and Kina Asset Management Limited presents its annual report.
In brief: Simberi mine suspends operations temporarily and other business stories
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31 May 2021 by Leave a Comment
St Barbara has suspended operations of its Simberi project until it is safe to restart, Air Niugini relaxes COVID-19 restrictions for national flights, and global shortage of storage containers might impact Papua New Guinea’s trade. The business news in brief.
PNG Air’s board pursuing plan to keep Papua New Guinea’s second domestic airline ‘viable’
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19 May 2021 by Leave a Comment
It will take ‘the next two to three years’ before PNG Air, Papua New Guinea’s second domestic airline, can foresee a return back to pre-COVID levels of business activity, according to statement issued to Papua New Guinea’s stock exchange yesterday.
In brief: Papua New Guinea’s founding father dies and other business stories
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3 Mar 2021 by Leave a Comment
Two weeks of national mourning declared after Papua New Guinea’s longest-serving Prime Minister Michael Somare passed away, Ihu Special Economic Zone enters second phase of development and PNG’s exports to China.
Air Niugini looks to gradually expand international services
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17 Feb 2021 by Leave a Comment
With its domestic services in Papua New Guinea close to pre-COVID levels, national carrier Air Niugini is now looking to increase its international services, as it continues to provide an international economic lifeline for the country.
In brief: Reopening Porgera ‘will have a more immediate restorative effect’ and other business stories
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8 Feb 2021 by Leave a Comment
Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the ‘restorative effect’ reopening Porgera could have, and Oil Search back on track.
In brief: Digicel possibly up for sale and other business stories
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20 Jan 2021 by Leave a Comment
COVID-19 tests now mandatory for incoming flights to Australia, Digicel’s Pacific operations could be up for sale and K92 organises a visit to the Kainantu mine.
In brief: Kumul Petroleum awards contracts for a new power generation facility and other business stories
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13 Jan 2021 by Leave a Comment
Kumul Petroleum Holdings advances plans for a new power generation facility, new Australian new travel requirements and Ok Tedi Mining announces final dividend. Your round-up of the latest business news.
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