Nasfund reports record profits and all-time highs in its annual report, Nambawan Super launches two new products and announces positive results for 2021, and the ICCC revokes its authorisation for PNG Air–Link PNG deal. The business news you need today.
In brief: record profits for Nasfund despite challenging year in Papua New Guinea
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30 Mar 2022 by Leave a Comment
People moves: Nasfund, CTSL, OTML, Adyton
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16 Feb 2022 by Leave a Comment
Nasfund appoints two senior executives, new statutory Manager for CTSL, Ok Tedi Mining increases number of women in managing roles, and Adyton Resources announces changes.
In brief: new resources projects moving forward Prime Minister Marape tells resources industry and other business stories
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6 Dec 2021 by Leave a Comment
New resources projects moving forward, Prime Minister Marape tells resources industry, Fortescue’s CEO visits the Purari hydropower project and the ADB welcomes changes to Kumul Consolidated Holdings legislation. The business news you need today.
In brief: Due diligence starts on Santos/Search merger
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10 Aug 2021 by Leave a Comment
Santos and Oil Search potential merger advances, Twinza Oil wants Pandora gas fields license announced before the Pasca A agreement, and funding for Pacific fisheries. PNG business news in brief.
In brief: ICCC says changes to electricity supply industry may affect Papua New Guinea’s electricity access goals
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28 Jul 2021 by Leave a Comment
The ICCC Commissioner issues warning about ‘complete chaos’ with the National Electricity Authority Act, Treasurer gives hope to potential overseas workers, and Nasfund opens a service centre in Maprik. The business news you need today.
People moves: Kokoda Track Foundation, KTHL, NCSL, Save the Children Australia, World Bank
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14 Jul 2021 by Leave a Comment
The Kokoda Track Foundation names new Director, Kumul Telikom Holdings Ltd (KTHL) announces changes, Nasfund Contributors Savings and Loan Society welcomes a Chief Operating Officer, Save the Children Australia announces Pacific representative and the World Bank to welcome new Country Economist.
In brief: BSP refutes allegations of breaches to anti-money laundering laws and other business stories
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23 Jun 2021 by Leave a Comment
BSP Financial Group Limited responds to accusations, Air Niugini temporarily suspends flights to Cairns and Memorandum of Understanding signed to boost green finance initiatives.
In brief: PNG Tourism Promotion Authority reveals exit survey numbers and other business stories
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19 Apr 2021 by Leave a Comment
Papua New Guinea’s Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
In brief: Ok Tedi Mining suspends operations and other business stories
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22 Mar 2021 by Leave a Comment
COVID-19 forces Papua New Guinea’s Ok Tedi Mining to shut operations, PNG Biomass Project decision due in later this year and Mendi Airport completion expected in October. Your business news summarised.
In brief: Papua New Guinea to receive K1 billion loan from Japan and other business stories
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3 Feb 2021 by Leave a Comment
Japan helps Papua New Guinea with a generous loan, the Internal Revenue Commission launches its annual work plan and Prime Minister Marape visits Jiwaka Province.
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