Australian miner with links to Bougainville landowners bids to restart Panguna, research into boosting tourism in East New Britain and Milne Bay, and ABAC prepares paper on life after mining projects. Your weekly digest of the latest business news.
Results of Papua New Guinea’s major companies show some struggling more than others
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15 Mar 2016 by 2 Comments
Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
In brief: Papua New Guinea’s Bank of South Pacific completes purchase of three Westpac Pacific operations, and other business news
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15 Jul 2015 by Leave a Comment
Bank of South Pacific finalises purchase of Westpac’s Tonga, Samoa and Cook Islands banks; Special Economic Zone agreement in East Sepik and Santos reportedly buying into P’nyang gas field. Your weekly digest of the latest business news.
In brief: Credit Corp profit down after completion of LNG plant, and other business stories
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1 Jul 2015 by Leave a Comment
Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.
Papua New Guinea’s Kina Group looks to the future
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11 Dec 2014 by Leave a Comment
From modest beginnings, Papua’s New Guinea’s largest non-bank financial services company, the Kina Group, has come a long way. Chief Executive Officer Syd Yates explains the Kina vision to Business Advantage PNG.
In brief: 25 billion kina of mining investment in Papua New Guinea and other business stories
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3 Dec 2014 by
Over 25 billion kina of mining investments over next decade expected, and New Britain Palm Oil hit by kina’s value. Your weekly digest of the latest business news.
In brief: InterOil chief says Elk-Antelope project will support ‘at least two trains’, and other business stories
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26 Nov 2014 by 1 Comment
More details about the potential of the Elk-Antelope LNG Project emerge, 108 companies apply for exemptions to minimum wage increase, and social media fundraising underway to buy Bougainville cocoa. Your weekly digest of the latest business news.
In brief: Crater Gold wins mining licence, and other business stories
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12 Nov 2014 by
Government go ahead for Crater Mountain gold mining, Bank of South Pacific profits rise 16%, study to upgrade Ramu Highway signed. Your weekly digest of the latest business news.
In brief: O’Neill declares PNG moving towards a new regime of ‘managed economic growth’ and other business stories.
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3 Sep 2014 by
A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.
In brief: Papua New Guinea Treasurer says banks’ kina trading range too high and other stories
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25 Jun 2014 by
Banks trading ‘well and above’ preferred kina rate, minister wants business contracts under K10 million to be reserved for Papua New Guineans, and Bakani says reserves will last seven months. Your weekly digest of the latest business news.
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