Chief Secretary says 2017 will be very tough, moratorium on beche-de-mer may be lifted soon, and PNG LNG spends K12 billion on local services. Your weekly digest of the latest business news.
In brief: Interoil shareholders approve ExxonMobil takeover, and other business stories
Welcome,
28 Sep 2016 by Leave a Comment
Eighty per cent of Interoil shareholders approve of ExxonMobil’s takeover bid, PNG economy to grow by two-to-three per cent, and plans for a new shipyard in Madang. Your weekly digest of the latest business news.
Training of PNG’s LNG technicians steps up
Welcome,
17 Aug 2016 by 13 Comments
In a bid to promote skills formation in Papua New Guinea’s LNG sector Kumul Petroleum Academy, trading as South Pacific Employment Institute (SPEI), has signed a K9 million technician development agreement with ExxonMobil PNG.
In brief: Bank of PNG pursuing foreign exchange options and other business stories
Welcome,
1 Jun 2016 by Leave a Comment
Bank of Papua New Guinea negotiating with ‘partners’ about foreign exchange, Oil Search to address competition issues and Travel Air to resume operations. Your weekly digest of the latest business news.
Six questions for: Katsuo Yamashita, Chairman, Japan Papua New Guinea Association
Welcome,
30 Mar 2016 by Leave a Comment
The relationship between Japan and Papua New Guinea has developed to the point where this year—thanks to liquefied natural gas—Japan is expected to be PNG’s largest export destination this year. Business Advantage PNG asks Katsuo Yamashita, the Chairman of the Japan PNG Association, about the growing links between the two countries.
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
Welcome,
2 Mar 2016 by Leave a Comment
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: BSP to finance PNG Ports’ new facilities at Motukea Island, and other business stories
Welcome,
2 Dec 2015 by Leave a Comment
PNG Ports secures ‘landmark transaction’ with BSP for Motukea Island facilities, impact of kina’s exchange rate over-valuation analysed, and Harmony Gold confirms Kili Teke copper-gold discovery. Your weekly digest of the latest business news.
In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories
Welcome,
28 Oct 2015 by Leave a Comment
Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories
Welcome,
21 Oct 2015 by
Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.
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.
USD 0.2499
AUD 0.4022
GBP 0.1995
EUR 0.2411
NZD 0.4453
JPY 39.18
SGD 0.3402
Recent readers’ comments