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: Tolukuma gold mine sale to lead to restart of operations, and other business stories
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14 Oct 2015 by 1 Comment
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.
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: new Bougainville Mining Act creates ‘uncertainty’ over Bougainville Copper’s rights, and other business stories
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6 May 2015 by Leave a Comment
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: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories
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29 Apr 2015 by
Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.
Opinion: falling LNG revenues require a new strategy for the Papua New Guinea economy
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15 Apr 2015 by 2 Comments
The fall in global oil and gas prices will reduce the Papua New Guinea government’s revenue by at least K1.1 billion in 2016. A new Budget strategy is needed, argue economists Stephen Howe and Paul Flanagan, who suggest a solution may lie in the government selling its Oil Search shares.
In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories
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1 Apr 2015 by Leave a Comment
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: Total to lead Elk-Antelope gas development, and other business stories
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4 Mar 2015 by
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.
InterOil chief positive about Papua New Guinea’s role as LNG provider, despite oil prices fall
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25 Feb 2015 by 1 Comment
Papua New Guinea is well positioned to benefit from rising LNG demand, despite falling prices, says InterOil Managing Director, Michael Hession.
In brief: Air Niugini expands services with Melanesian partnership, and other business stories
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18 Feb 2015 by
Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.
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