BSP appoints new General Manager for Pacific Islands, new board appointments at Credit Corp, new board members at Kutubu Special Purpose Authority, resignation at Oil Search and Westpac chooses its Outstanding Woman of the Year.
People moves: Bank South Pacific, Credit Corp, Kutubu Special Purpose Authority, Oil Search, Westpac Outstanding Woman of the Year
Welcome,
20 Mar 2018 by
Papua New Guinea businesses donate K80 million in cash and aid for earthquake relief
Welcome,
13 Mar 2018 by 1 Comment
Papua New Guinea businesses have donated at least K80 million in cash and equipment to aid February’s earthquake relief program.
Economic update: major projects will be crucial for Papua New Guinea’s economy
Welcome,
13 Mar 2018 by Leave a Comment
The fate of some major projects will be critical for the future of the Papua New Guinea economy over the next decade. In the second of a two-part series, Andrew Wilkins discusses the implications.
Earthquake to have ‘huge impact’ on Papua New Guinea economy, says Prime Minister
Welcome,
7 Mar 2018 by Leave a Comment
Last month’s earthquake in Papua New Guinea will have a ‘huge impact’ on the economy, says Prime Minister Peter O’Neill. The death toll is rising, the extent of the destruction and disruption to services and businesses is still being assessed, and the damage to the PNG LNG project is expected to affect government revenues.
In brief: Quake damage in LNG and Ok Tedi mining areas, and other business stories
Welcome,
28 Feb 2018 by Leave a Comment
ExxonMobil, Oil Search close LNG production facilites after quake, analysts expect kina to fall ‘over the near-term’, and agreement being finalised to allow Philippines farmers to grow rice in PNG. Your weekly digest of the latest business news.
In brief: Telikom PNG in pre-APEC upgrade, and other business stories
Welcome,
30 Jan 2018 by Leave a Comment
Telikom PNG in pre-APEC upgrade, strong result for Highlands Pacific, PM in Davos, Oil Search’s successful 2017, poor roads leading to food wastage, IFC sells BSP shares to Fiji fund, Nautilus trials on track, push to return artefacts
O’Neill tells Papua New Guinea resources sector there will be no new taxes
Welcome,
29 Nov 2017 by Leave a Comment
Papua New Guinea’s Prime Minister, Peter O’Neill, told the PNG Mining and Petroleum Conference yesterday that there would be no new taxes for the resources sector. Meanwhile, presentations by the major industry players suggest the next 12 months will be critical in determining the future growth of the sector.
Oil Search to triple output in a decade, says Botten
Welcome,
15 Nov 2017 by Leave a Comment
Oil Search may look to list its power business on the Papua New Guinea stock exchange, Peter Botten, Managing Director of Oil Search tells Business Advantage PNG. He says that in 10 years he hopes the company’s production will have tripled.
Oil Search share sale represents a win for Papua New Guinea, says analyst
Welcome,
27 Sep 2017 by 2 Comments
PNG Government-owned company Kumul Petroleum Holdings has sold its 10 per cent stake in Oil Search, with KPH Managing Director Wapu Sonk reportedly saying it lost A$322 million (K812 m) on the sale. However, stockmarket analyst David Lennox says overall the country has benefited from the process.
Papua New Guinea Investment Conference ‘a resounding success’
Welcome,
13 Sep 2017 by Leave a Comment
The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.
USD 0.2594
AUD 0.383
GBP 0.1999
EUR 0.2381
NZD 0.4255
JPY 40.98
SGD 0.3482
Recent readers’ comments