Being stranded for five years on Bougainville Island because of the civil conflict failed to deter Ludwig Kumoru, CEO of Parties to the Nauru Agreement (PNA), from developing a career in the fishing industry.
Bans on tuna fishing devices in the Pacific to continue
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A Pacific-wide three-month ban on fish aggregating devices (FADs) has been extended for another year to allow tuna stocks to continue to revive. But in a warning to other fishing nations, Palau is going ahead with its ban on all commercial fishing vessels.
In brief: US$8 billion Frieda River feasibility study released and other business stories
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Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.
In brief: Parliament deciding on new Speaker, Prime Minister today and other business stories
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Parliament sits to elect a new Speaker and Prime Minister, CPL receives initial insurance payout of K10m for June fire, inquiry call for contract awarded to Borneo Pharmaceuticals. Your weekly digest of the latest business news.
In brief: BSP Chairman says dual listing on ASX ‘speculative’, and other Papua New Guinea business news
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Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.
People moves: MiBank, Parties to the Nauru Agreement
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MiBank appoints a new Chairman, Papua New Guinean appointed to head up the Parties to Nauru Agreement, a new Country Manager for AirSwift
People moves: Parties to the Nauru Agreement, Lowy Institute
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The CEO to the fishing organisation, the Parties to the Nauru Agreement, to step down and Hayward-Jones leaves the Lowy Institute.
In brief: LNG overtakes gold as top export and other Papua New Guinea news
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LNG overtakes gold as PNG’s top export, number of female executive appointments in PNG public service low and Bank of South Pacific reports profit rise. Your weekly digest of the latest business news.
In brief: Papua New Guinea preparing to refinance Oil Search share loan, and other business stories
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Banks vie to renew government’s loan for shares in Oil Search, structural faults in Phase One of new Lae port, OK Tedi to resume operations next month. Your weekly roundup of the latest business news.
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