Proposed Sovereign Wealth Fund reaches third reading stage, Air Niugini ‘on track’ for 50% sell-off, and second LNG plant to create 10,000 jobs. Your weekly digest of the latest business news.
In brief: Sovereign Wealth Fund & Corruption Commission legislation before parliament, and other business news
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22 Jul 2015 by Leave a Comment
In brief: US power and construction company eyes Papua New Guinea as next location, and other business news
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8 Jul 2015 by Leave a Comment
Pernix Group looks to expand into Papua New Guinea, European Investment Bank invited into PNG and Finance Minister says LNG is not ‘a waterfall’ of money.
In brief: mini-budget on the way for Papua New Guinea, and other business stories
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10 Jun 2015 by 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.
Papua New Guinea Government takes action to restructure PNG Power
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29 Apr 2015 by Leave a Comment
As the Papua New Guinean Government prepares to present a state of emergency report on the country’s electricity services, the it has stepped in to make major changes to the way state utility PNG Power Ltd is managed to make it ‘more corporate oriented’.
In brief: Salini-Impregilo to develop Papua New Guinea’s biggest hydro project, and other business stories
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29 Apr 2015 by
Italian firm to construct giant Chimbo hydro dam, SOEs’ assets valued at K20 billion, and development concept for Elk-Antelope expected by mid-year. Your weekly digest of the latest business news.
People moves: Independent Public Business Corporation, PNG Power, Newcrest Mining, Virgin Australia
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29 Apr 2015 by Leave a Comment
A new Managing Director at the IPBC, a new Executive Director at PNG Power, Newcrest Mining appoints a Chief Development Officer and a new chair for Virgin Australia.
In brief: relocation of Port Moresby Port to Motukea Island site backed by review, and other business stories
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8 Apr 2015 by
Motukea Island a ‘suitable site’ for Port relocation, majority of Papua New Guinea SMEs in retail, and PNG first Pacific nation to join alliance. Your weekly digest of the latest business news.
In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories
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1 Apr 2015 by 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.
In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories
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25 Mar 2015 by 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.
In brief: Crater Gold wins mining licence, and other business stories
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12 Nov 2014 by
Government go ahead for Crater Mountain gold mining, Bank of South Pacific profits rise 16%, study to upgrade Ramu Highway signed. Your weekly digest of the latest business news.
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