In brief: Oil Search fends off takeover offer after Woodside shelves bid, and other business stories

Welcome,

9 Dec 2015 by Business Advantage PNG Leave a Comment

Woodside drops takeover bid for Oil Search, coffee pulper machine installed for smallholders in Jiwaka Province, and market conditions force Hides Gas Development Company to cut workforce. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Anglo American, Kumul Consolidated Holdings, Oil Search Ltd, PACER Plus, Pacific Islands Forum, Papua Mining, Parties to the Nauru Agreement, PNG Gas, PNG Immigration and Citizenship Services Authority (ICA), Productive Partnership in Agriculture Project, Swire Shipping, Woodside Petroleum

In brief: Woodside Petroleum talks with National Petroleum Co after Oil Search takeover rejected, and other business stories

Welcome,

30 Sep 2015 by Business Advantage PNG Leave a Comment

Woodside talks to National Petroleum Company, ratings agency expects oil prices to fall further, and illegal logging continues, says Oro Governor, Your weekly digest of the latest business news.

Filed Under: Latest news, News Tagged With: copper, Crater Gold Mining, Independent Consumer and Competition Commission, Kina Group, Kumul Petroleum, NBC, Newcrest Mining, Oil Search Ltd, Pacific Business Investment Facility, Parties to the Nauru Agreement, PNG LNG, PNG Power, Standard & Poor’s (S&P), tuna, Woodside Petroleum

In brief: Credit Corp profit down after completion of LNG plant, and other business stories

Welcome,

1 Jul 2015 by Business Advantage PNG Leave a Comment

Credit Corp profit down, companies begin closing offshore foreign currency accounts, and new air navigation system to be installed across Papua New Guinea. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Australian High Commission, Bank of Papua New Guinea, Credit Corporation, Digicel (Parent company and all subsidiaries), Hilton, Institute of National Affairs, Kina Asset Management Limited, Link PNG, Nautilus Minerals, Parties to the Nauru Agreement, PNG Air, Travel Air

In brief: Papua New Guinea aims to strengthen business relationship with United Kingdom, and other business stories

Welcome,

17 Jun 2015 by Business Advantage PNG

O’Neill wants PNG to take advantage of global business opportunities, Australia provides additional development funds, and Air Niugini outsources Lihir airport services. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Air Niugini, Asian Development Bank (ADB), Australia Papua New Guinea Business Council, Department of Education, Department of Labour and Industrial Relations, Digicel (Parent company and all subsidiaries), InterOil Corporation, Nautilus Minerals, Oil Search Ltd, Palau, Parties to the Nauru Agreement, People’s Micro Bank, PNG LNG, Santos, Secretariat of the Pacific Community, Solomon Airlines, Solwara 1, Tuvalu, Western Highlands Chamber of Commerce and Industry

In brief: National Petroleum Company prepares to raise investment billions, and other business stories

Welcome,

15 Apr 2015 by Business Advantage PNG Leave a Comment

National Petroleum Company to appoint a specialist debt-raising adviser for new oil and gas projects, Treasury says public debt above 35% limit and anti-corruption hotline more successful than expected. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Bougainville Copper Ltd, BSP Financial Group, Department of Agriculture and Livestock, Department of Finance, Department of Treasury, Gold Ridge gold mine, Innovative Agro Industry, Kumul Petroleum, National Fisheries Authority (NFA), Panguna mine, Parties to the Nauru Agreement, PNG Ports Corporation, Puma Energy, Rio Tinto, Societé Le Nickel, Tolukuma Gold Mine

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

Welcome,

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

In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories

Welcome,

25 Mar 2015 by Business Advantage PNG Leave a Comment

PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: ANZ, Barrick Gold, Deloitte, Foyson Resources, InterOil Corporation, Kina Petroleum, Kumul Consolidated Holdings, NASFUND, palm oil, Parties to the Nauru Agreement, PNG Power, Porgera Landowners Association

In brief: Moves to reduce internet charges and other business stories

Welcome,

18 Mar 2015 by Business Advantage PNG 1 Comment

New technology may reduce internet charges, Vanuatu assesses cyclone damage and Newcrest buys Wamum gold project. Your weekly digest of the latest business news.

Filed Under: Fisheries, In brief, News Tagged With: Australia Papua New Guinea Business Council, Barrick Gold, Crater Gold Mining, Credit Corporation, Gold Ridge gold mine, Harmony Gold, Hawkins Group, K92 Mining, National Capital District, National Executive Council, National Fisheries Authority (NFA), National Information and Communications Technology Authority (NICTA), Newcrest Mining, Pacific Assurance Group, Parties to the Nauru Agreement, PNG DataCo, PNG Ports Corporation, PNG Rubber Board, Post PNG, Small and Medium Enterprise Corporation (SME Corp), Stanley gas project

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

Welcome,

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

Fish stocks slump in spite of scheme, says Papua New Guinea tuna industry

Welcome,

4 Mar 2015 by Business Advantage PNG 2 Comments

Papua New Guinea’s tuna industry leaders are calling for reform of the regional Vessel Day Scheme, saying it is counterproductive, speeding up stock depletion with the size of catches getting smaller.

Filed Under: Features, Fisheries, Industry sectors, Sections Tagged With: Australian National University, Parties to the Nauru Agreement, R D Tuna Canners

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 […]