Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.
In brief: Papua New Guinea government ‘committed’ to resolving royalty dispute at PNG LNG site, and other business stories
Welcome,
17 Aug 2016 by Leave a Comment
Blockade of PNG LNG site now its second week, Trade Minister threatens Fiji over refusal to import PNG products, and fears of job losses if rice import quotas introduced. Your weekly digest of the latest business news.
In brief: Government to discuss future of Bougainville shares and other business stories
Welcome,
3 Aug 2016 by Leave a Comment
National Executive Council to discuss future of Bougainville shares, gold production at Lihir up and Bougainville government launches a new tourism initiative. Your weekly digest of the latest business news.
In brief: InterOil sale may raise competition issues and other business stories
Welcome,
27 Jul 2016 by 1 Comment
Competition Commission concerned about possible monopoly in gas sector, O’Neill to issue statement on government shareholding in BCL and ANZ Bank CEO says there may be a need for a Supplementary Budget. Your weekly digest of the latest business news.
Signs of recovery: a monthly review of commodity prices and financial markets
Welcome,
20 Jul 2016 by Leave a Comment
Despite short-term weaknesses, oil and gold prices are up over the year so far. Gas prices, although only half their 2014 peak, may be finding a floor while coffee prices are strong. Meanwhile, domestic equities have moved sideways, while some Australian miners have surged. Business Advantage PNG’s monthly overview of commodity and financial markets.
In brief: PanAust applies for Frieda River licence, new US-Pacific fishing deal and claims Papua New Guinea economy sound
Welcome,
28 Jun 2016 by Leave a Comment
PanAust applies for Frieda River mining licence, new deal governing American access to the region’s tuna fishing and Chief Secretary to Government says Papua New Guinea’s economic fundamentals sound. Your weekly digest of the latest business news.
People moves: ANZ Bank, PNG Government, MiBank, Newcrest, Melanesian Spearhead Group
Welcome,
13 Apr 2016 by
ANZ appoints Pacific Regional Executive, new Government Ministers, a new board member at MiBank, Newcrest appoints a new External General Manager and a new Director-General at the Melanesian Spearhead Group.
Results of Papua New Guinea’s major companies show some struggling more than others
Welcome,
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.
Wafi-Golpu gold mine ‘a boon’ for Morobe Province and Papua New Guinea, say business leaders
Welcome,
23 Feb 2016 by 8 Comments
Businesses in Morobe Province and Papua New Guinea will benefit immensely from the proposed Wafi-Golpu gold and copper mine, according to business leaders in Lae.
In brief: Agriculture Minister says Papua New Guinea must reinvest in sector, and other business stories
Welcome,
17 Feb 2016 by Leave a Comment
Agriculture Minister says annual investment in agriculture is just K150 million a year, call for mining sector style tax incentives for agriculture, and Leaders’ summit critically important, says O’Neill. Your weekly digest of the latest business news.
USD 0.2494
AUD 0.4011
GBP 0.2004
EUR 0.2393
NZD 0.4419
JPY 38.56
SGD 0.3367
Recent readers’ comments