In brief: Maru wants Papua New Guinea-Fiji trade dispute resolved by October, and other business stories

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7 Sep 2016 by Business Advantage PNG Leave a Comment

Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.

Filed Under: In brief, Latest news Tagged With: ANZ, Asian Development Bank (ADB), Australian Fisheries Management Authority (AFMA), AXF, Biosecurity Authority of Fiji, Gold Ridge gold mine, Kina Securities, Lowy Institute, Mineral Resources Authority, Nambawan Super, New Britain Palm Oil (NBPOL), Newcrest Mining, Ox & Palm, Pacific Islands Forum, security, Sime Darby, UBS

In brief: Papua New Guinea forex pressure to ease by the end of April says BSP CEO, and other business stories

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16 Mar 2016 by Business Advantage PNG Leave a Comment

Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bmobile Vodafone, BSP Financial Group, Click TV, Coffee Industry Corporation (CIC), Fiji Sugar Corporation, Melanesian Trustee Services, Mt Giluwe Water Ltd, NASFUND, New Britain Palm Oil (NBPOL), Ok Tedi Mining Ltd (OTML), Pacific Islands Forum, PNG Power, Westpac

Second mine suspension in Papua New Guinea highlights drought impact

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21 Oct 2015 by Business Advantage PNG Leave a Comment

The suspension of a second mine in Papua New Guinea has highlighted the impact of the El Nino drought, which is also severely affecting the agriculture industry. Just how long the drought continues for will determine the long-term effects, according to Paul Barker, the Executive Director of the Institute of National Affairs.

Filed Under: Agribusiness, Features, Mining/petroleum, Sections Tagged With: Australian Department of Foreign Affairs and Trade, Barrick Gold, Hargy Oil Palms, Institute of National Affairs, Lowy Institute, New Britain Palm Oil (NBPOL), Ok Tedi Mining Ltd (OTML), PNG Coffee

Papua New Guinea Queen’s Birthday Honours list 2015: four new knights

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17 Jun 2015 by Business Advantage PNG 2 Comments

Four new Knighthoods are among a total of 91 Papua New Guineans recognised by the Queen in this year’s Queen’s Birthday Honours list.

Filed Under: Latest news, News Tagged With: Bank of Papua New Guinea, Lamana Group, New Britain Palm Oil (NBPOL), Ok Tedi Mining Ltd (OTML)

In brief: mini-budget on the way for Papua New Guinea, and other business stories

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10 Jun 2015 by Business Advantage PNG Leave a Comment

PNG Government likely to prepare mini-budget, Pacific Assurance Group urges Bank of PNG to lift restrictions, and Lihir mine temporarily ceases operations. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bmobile Vodafone, BSP Financial Group, Digicel (Parent company and all subsidiaries), Fiji National Provident Fund, Kina Petroleum, Kula Gold, Nambawan Super, Nautilus Minerals, New Britain Palm Oil (NBPOL), Newcrest Mining, Oil Search Ltd, Ok Tedi Mining Ltd (OTML), Pacific Assurance Group, Panguna mine, PNG Power, Rio Tinto

In brief: Business endorses new Papua New Guinea police chief, and other business stories

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3 Jun 2015 by Business Advantage PNG Leave a Comment

Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Autonomous Bougainville Government (ABG), Barrick Gold, Fiji, Guangdong Rising Asset Management, Hawkins Group, Highlands Pacific, Kula Gold, National Development Bank, New Britain Palm Oil (NBPOL), Oil Search Ltd, Port Moresby Chamber of Commerce and Industry, Sime Darby, Standard & Poor’s (S&P), Total SA, World Bank

New Britain Palm Oil delists; Indochine Mining goes into administration

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1 Apr 2015 by Business Advantage PNG

The Port Moresby Stock Exchange will lose a major member next week, with the de-listing of New Britain Palm Oil (NBPOL). Meanwhile, another listed stock, Indochine Mining, has gone into voluntary administration.

Filed Under: Agribusiness, Latest news, Mining/petroleum, News, Sections Tagged With: Indochine Mining, New Britain Palm Oil (NBPOL)

In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories

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1 Apr 2015 by Business Advantage PNG Leave a Comment

Companies and dealers ‘adversely affected’ foreign exchange availability in Papua New Guinea, Bougainville Government considers large-scale mining, and Asian Development Bank commits K1.7 billion to PNG. Your weekly digest of the latest business news.

Filed Under: News Tagged With: Asian Development Bank (ADB), Autonomous Bougainville Government (ABG), Bank of Papua New Guinea, Coffee Industry Corporation (CIC), Department of Mineral Policy, ExxonMobil PNG, Independent Consumer and Competition Commission, Kina Petroleum, New Britain Palm Oil (NBPOL), PanAust, Parties to the Nauru Agreement, PNG Power, Santos, Secretariat of the Pacific Community

People moves: New Britain Palm Oil

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25 Mar 2015 by Business Advantage PNG Leave a Comment

Search for new CEO at New Britain Palm Oil

Filed Under: News, People moves Tagged With: New Britain Palm Oil (NBPOL), Sime Darby

In brief: Total to lead Elk-Antelope gas development, and other business stories

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4 Mar 2015 by Business Advantage PNG

Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: BSP Financial Group, Click TV, Digicel (Parent company and all subsidiaries), ExxonMobil PNG, Grand Papua Hotel, Highlands Highway, Horizon Oil, Indochine Mining, InterOil Corporation, Lowy Institute, New Britain Palm Oil (NBPOL), Oil Search Ltd, Parties to the Nauru Agreement, PNG DataCo, PNG Forest Authority, Simberi gold mine, St Barbara Ltd, Stanley gas project, Steamships, Total SA, WCB Resources

Industry update: Papua New Guinea’s mining and gas project pipeline starts to flow

After a decade focused on existing minerals and hydrocarbons production, Papua New Guinea is gearing up for an anticipated wave of … [Read More...]

Exclusive: Barrick CEO Mark Bristow’s vision for Porgera gold mine

In this exclusive interview with Business Advantage PNG, Barrick Gold’s President and Chief Executive Mark Bristow talks about the … [Read More...]

Report from the 2024 Papua New Guinea Investment Conference

This week's 2024 Business Advantage PNG Investment conference saw top speakers from across the business sector and government come … [Read More...]

Australia’s new Pacific Engagement Visa an ‘opportunity’ for PNG businesses

Australia launched its inaugural Pacific Engagement Visa ballot on 3 June, with Papua New Guinea receiving the largest allocation. … [Read More...]

Four questions with Chris Riddell, keynote speaker at 2024 PNG Investment Conference
Chris Riddell, renowned futurist and former Chief Digital Officer at Mars, tells Business Advantage PNG why the chaos of our modern world presents an excellent opportunity for business leaders. Business Advantage PNG (BAPNG): What are the key things business leaders tell you they are worried about as far as the future is concerned? Chris Riddell […]
Registrations are open 2024 Papua New Guinea Investment Conference
Registrations are now officially open for the 2024 Business Advantage Papua New Guinea Investment Conference. The conference will take place in Brisbane, 12 and 13 August, at the premium Plaza Auditorium at Brisbane Convention and Exhibition Centre, South Brisbane. On Day 1 the futurist Chris Riddell, former Chief Digital Officer at Mars will deliver the keynote address. On Day 2 Matt Dri, Secretary, Cyber […]
Papua New Guinea’s premier business magazine to publish a special mining and energy edition
With a strong decade on the horizon for mining and energy in Papua New Guinea, Business Advantage PNG is set to publish its first special edition devoted solely to these sectors. As PNG’s resources sector gears up for an anticipated decade or more of new investment, with an estimated US$50 billion pipeline of projects lined […]