In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

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30 Sep 2015 by Business Advantage PNG Leave a Comment

Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.

Filed Under: Latest news, News Tagged With: copper, Crater Gold Mining, Independent Consumer and Competition Commission, Kina Group, Kumul Petroleum, NBC, Newcrest Mining, Oil Search Ltd, Pacific Business Investment Facility, Parties to the Nauru Agreement, PNG LNG, PNG Power, Standard & Poor’s (S&P), tuna, Woodside Petroleum

People moves: Independent Consumer and Competition Commission, Independent Public Business Corporation

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12 Aug 2015 by Business Advantage PNG Leave a Comment

A new CEO at the Independent Consumer and Competition Commission, and a new General Manager—Projects, at the IPBC.

Filed Under: News, People moves Tagged With: Independent Consumer and Competition Commission, Kumul Consolidated Holdings

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

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1 Apr 2015 by Business Advantage PNG 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.

Filed Under: News Tagged With: Asian Development Bank (ADB), Autonomous Bougainville Government (ABG), Bank of Papua New Guinea, Coffee Industry Corporation (CIC), Department of Mineral Policy, ExxonMobil PNG, Independent Consumer and Competition Commission, Kina Petroleum, New Britain Palm Oil (NBPOL), PanAust, Parties to the Nauru Agreement, PNG Power, Santos, Secretariat of the Pacific Community

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

Welcome,

12 Mar 2015 by Business Advantage PNG

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.

Filed Under: In brief, News Tagged With: Air Niugini, Barrick Gold, BSP Financial Group, Business Coalition for Women, Gulf Province, Independent Consumer and Competition Commission, K92 Mining, Marengo Mining, Nambawan Super, Oil Search Ltd, Origin Energy, Petromin Holdings, Santos, Standard & Poor’s (S&P)

In brief: Government prepares to relocate Moresby port to Motukea Island, and other business stories

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9 Jul 2014 by Business Advantage PNG Leave a Comment

The national government prepares to buy Motukea Port from Curtain Bros, exports of LNG could double in five years and fuel prices fall. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Asian Development Bank (ADB), Curtain Bros, Digicel, Independent Consumer and Competition Commission, Nautilus Minerals, Newcrest Mining, Ramu Agri Industries, Woodlark Mining

In brief: O’Neill seeking review of Ombudsman’s order to freeze Oil Search loan deal, and other business stories

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4 Jun 2014 by Business Advantage PNG Leave a Comment

O’Neill seeks judicial review of Ombudsman’s direction to freeze loan for Oil Search shares, Treasurer predicts annual K10 billion boost from LNG, and food labelling must now be in English. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Cott Oil and Gas, Crater Gold Mining, Department of Mineral Policy, Horizon Oil, Independent Consumer and Competition Commission, Nautilus Minerals, New Guinea Energy, Oil Search Ltd, Southern Highlands Chamber of Commerce

In brief: First LNG shipment on board ship this week and other business stories

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15 May 2014 by Business Advantage PNG Leave a Comment

First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.

Filed Under: In brief, News Tagged With: Air Niugini, Autonomous Bougainville Government (ABG), Awal Telecommunications Corporation, Bank of Papua New Guinea, ExxonMobil PNG, Independent Consumer and Competition Commission, Marengo Mining, National Fisheries Authority (NFA), National Information and Communications Technology Authority (NICTA), Nautilus Minerals, New Guinea Gold Corporation, Oil Search Ltd, Papua New Guinea Sustainable Development Program (PNGSDP), PNG Coffee, Westpac

Papua New Guinea anti-corruption agency proposal under public scrutiny

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2 Jul 2013 by Business Advantage PNG

The work to create an Independent Commission Against Corruption (ICAC) for Papua New Guinea’s moves into the public arena this month.

Filed Under: Latest news, News Tagged With: Independent Consumer and Competition Commission

Credit Corporation profits up 250%

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14 Mar 2013 by Business Advantage PNG

Papua New Guinean finance company Credit Corporation, the target of recent buyout interest from BSP, has posted increased profits of K106.11 million in the financial year ending 31 December 2012.

Filed Under: Banking and finance, Latest news, News Tagged With: Credit Corporation, Independent Consumer and Competition Commission

Airlines PNG–Virgin codeshare should continue: ICCC

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13 Mar 2013 by Business Advantage PNG Leave a Comment

The codeshare arrangement between Airlines PNG and Virgin Australia should be allowed to continue, according to a draft decision released yesterday by the Papua New Guinea Independent Consumer and Competition Commission (ICCC).

Filed Under: Hospitality & tourism, Infrastructure, Latest news, News Tagged With: aviation, Independent Consumer and Competition Commission, PNG Air, Virgin Australia

Economic update: Papua New Guinea’s decade of growth begins

As part of extensive in-country research for the newly-released 2024 edition of the Business Advantage PNG annual magazine, our … [Read More...]

Restaurant review: Lucky Lucky, Port Moresby

Port Moresby’s flourishing dining scene now features a Thai restaurant – and it’s a good ’un. Lucky Lucky launched in late … [Read More...]

Papua New Guinea’s banks embrace a digital future

Banks and finance firms are rolling out digital products to take advantage of increased connectivity across Papua New Guinea, … [Read More...]

A closer look at Papua New Guinea’s new international airport, Nadzab Tomodachi

The major redevelopment of the airport that serves PNG’s second city, Lae, means the country now has a second airport – Nadzab … [Read More...]

Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]
Futurist Chris Riddell announced as keynote speaker for 2024 PNG Investment Conference
We are delighted to announce that futurist Chris Riddell, former Chief Digital Officer at Mars, will be providing the keynote address on Day 1 of the 2024 Papua New Guinea Investment Conference (12 & 13 August in Brisbane). Chris is a recognised trend spotter, frequent media commentator, and digital expert with unparalleled insights into emerging […]