Banks vie to renew government’s loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.
In brief: Papua New Guinea preparing to refinance Oil Search share loan, and other business stories
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10 Feb 2016 by Leave a Comment
PNG Ports accelerates Lae Industrial Park build, as Stage 2 of port commences
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10 Feb 2016 by Leave a Comment
Work on Lae’s Huon Industrial Park has been accelerated while stage two of the Lae Port development is on track to start by mid-2016, says Stanley Alphonse, the CEO of PNG Ports Corporation.
In brief: Court refuses to hear Ok Tedi claim, and other business stories
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13 May 2015 by Leave a Comment
International court refuses to hear claim about government takeover of Ok Tedi mine, five percent aid cut to PNG and trial export of fresh vegetables to Fiji. Your weekly digest of the latest business news. The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government […]
PNG’s manufacturers: adding value, adding skills
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1 Sep 2012 by Leave a Comment
Despite being overshadowed by the natural resources sector, manufacturing adds tremendous value to the Papua New Guinea economy, as Rod Myer discovers. With PNG experiencing economic growth of above five per cent in recent years and manufacturing employing up to 25% of the nation’s formal workforce, the country’s factories are perhaps the unsung heroes of […]
PNG’s infrastructure challenge
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1 May 2012 by Leave a Comment
Papua New Guinea requires significant investment in infrastructure. Deloitte’s Lutz Heim examines the opportunities and challenges in this sector. PNG’s infrastructure needs a substantial and urgent upgrade, in anticipation of increased stress and after a number of years of underinvestment, particularly during the lean years before 2004, and this is recognised by government and business […]
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