PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.
NASFUND
New senior appointments at NASFUND, a new director at Steamships, and a new Managing Director at PanAust
Share buyback and recapitalisation at Airlines PNG, lucrative tuna deal signed with United States, and Digicel in talks over buying shares in EMTV. Your weekly digest of the latest business news.
O’Neill sacks two more Cabinet ministers, Exxon expects LNG exports to start early and Ok Tedi Mining profits plunge 80%. Your weekly digest of the latest business news.
The O’Neill government seeks legal advice on the Nautilus ruling and other local and international stories.
The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund.
The annual Papua New Guinea Advantage investment summit was held this week in Port Moresby. After two days of discussions, presentations, speeches, dinners and question-and-answer sessions, here are five observations.
A curious thing has been happening in the Pacific. Instead of running trade and investment road-shows in Australia, New Zealand or China, two Pacific Island countries have been courting investment from each other, observes Jenny Hayward-Jones.
Time magazine looks at PNG’s sorcery killings, the Wall street looks at ExxonMobil’s ‘PNG gas grab’, submarine cables link Tonga and Vanuatu to Fiji and new PNG investment in Samoa.
PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.