A new chairman at Kumul Minerals, a new tax partner at Ernst & Young, Nautilus Minerals appoints a new Company Secretary, Clarke Energy appoints its first PNG Sales Manager
People moves: Kumul Minerals, Ernst & Young, Nautilus Minerals, Clarke Energy
Welcome,
In brief: Redundancies at Petromin Papua New Guinea after oil price slump, and other business news.
Welcome,
Redundancies at Petromin Holdings ahead of restructure, LNG price slump may go further, and Santos confident its share price will rise. Your weekly digest of the latest business news.
Kumul restructure to be complete by start of 2016: Prime Minister O’Neill
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Following the passage of enabling legislation in the last sitting of Papua New Guinea’s National Parliament, the long-awaiting restructure of state assets and enterprises under the Kumul name is set begin, with Prime Minister O’Neill setting a target of 1 January 2016 for the transfer of state assets to their new homes.
What’s on the agenda for Papua New Guinea business in 2014?
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The coming year looks promising for Papua New Guinea business, with the giant PNG LNG project due to commence gas exports, and further investments looking likely. Meanwhile, eyes are on the O’Neill Government to see how it can improve the operating environment for business. Business Advantage PNG looks ahead to consider what 2014 may bring.
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