A new Chief Financial Officer at Nambawan Super, and board re-appointments at City Pharmacy Group
In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories
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13 Apr 2016 by
Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.
Nambawan Super expects low growth in 2016/2017, says CEO
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22 Mar 2016 by 3 Comments
The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
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: Ok Tedi mine reopens and other Papua New Guinea business stories
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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: Ok Tedi mine may resume operations in March, and other business stories
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20 Jan 2016 by
The Ok Tedi mine expected to start again in March, the US formally withdraws from fishing treaty, and unions call on government to honour superannuation commitments. Your weekly digest of the latest business news.
In brief: Mining resumes at the Porgera gold mine following partial closure, and other business stories
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25 Nov 2015 by Leave a Comment
Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.
In brief: PM to launch construction phase of Pacific Marine Industrial Zone project, and other business stories
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4 Nov 2015 by Leave a Comment
Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.
In brief: Papua New Guinea Government may review petrol supply regime, and other business stories
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2 Sep 2015 by Leave a Comment
O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.
In brief: Highlands Pacific makes nickel discovery at Sewa Bay, and other business stories
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19 Aug 2015 by Leave a Comment
Sewa Bay shows potential for Highlands Pacific, El Nino weather conditions to continue into 2016, and import ban on fruit and vegetables. Your weekly digest of the latest business news.
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