Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
Welcome,
2 Mar 2016 by Leave a Comment
In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories
Welcome,
24 Feb 2016 by Leave a Comment
Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]
Reserve Bank Governor says Papua New Guinea has a lot to learn from Fiji about tourism
Welcome,
26 Oct 2015 by 7 Comments
Despite being the biggest Pacific nation, PNG is lagging behind its neighbours, holding only 10% of the regional tourism market, says the Governor of the Bank of Papua New Guinea, Loi Bakani. And on a global scale, PNG ranks last in terms of benefitting economically from tourism.
In brief: Tolukuma gold mine sale to lead to restart of operations, and other business stories
Welcome,
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
Welcome,
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: Papua New Guinea Power fast-tracks extra machines to stabilise power in Port Moresby, and other business stories
Welcome,
9 Sep 2015 by Leave a Comment
Port Moresby load shedding after shortfall in generation capacity, NRL rights deal kicks Telikom’s purchase of EMTV into touch, Eastern Highlands coffee producers may switch to robusta. Your weekly digest of the latest business news.
Sharp rise in Papua New Guinea visitor arrivals expected: TPA
Welcome,
24 Jun 2015 by 1 Comment
Papua New Guinean tourism operators flew the flag in Australia last weekend at the South Pacific Tourism Exchange at Melbourne’s Convention and Exhibition Centre. Robert Upe reports visitor arrivals are expected to rise, due in part to cruise ships improving tourists’ perceptions of PNG.
In brief: Business endorses new Papua New Guinea police chief, and other business stories
Welcome,
3 Jun 2015 by Leave a Comment
Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.
In brief: Newcrest output at Lihir ‘below expectations’ despite improvement, and other business stories
Welcome,
4 Feb 2015 by Leave a Comment
Production issues hit Newcrest, Digicel launches cloud-based product, and Mitsui delivers PNG LNG carrier. Your weekly digest of the latest business news.
USD 0.2505
AUD 0.4028
GBP 0.1991
EUR 0.2413
NZD 0.4453
JPY 38.9
SGD 0.3413
Recent readers’ comments