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.
Results of Papua New Guinea’s major companies show some struggling more than others
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15 Mar 2016 by 2 Comments
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
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2 Mar 2016 by Leave a Comment
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
People moves: Steamships, ANZ Bank
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17 Feb 2016 by Leave a Comment
Steamships’ Chairman retires, a new ANZ CEO for Cook Islands
People moves: InterOil, Steamships
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2 Sep 2015 by Leave a Comment
A new Executive Vice-President and a new board member at InterOil, and Steamships appoints a new Non-Executive Director.
Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities
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15 Apr 2015 by Leave a Comment
The next 12 months or so is a time to digest and consolidate, says Peter Langslow, the incoming head of one of Papua New Guinea’s largest and oldest companies, Steamships Trading Company. He told Business Advantage PNG, however, it is also a time to prepare for fresh opportunities.
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.
Laga Industries boosts capacity to meet Papua New Guinea ice cream demand
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25 Mar 2015 by Leave a Comment
Papua New Guinea’s potential as a market for ice cream will be put to the test when Laga Industries completes a significant expansion of its Gala manufacturing facilities in Lae later this year.
In brief: Total to lead Elk-Antelope gas development, and other business stories
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4 Mar 2015 by
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.
In brief: Air Niugini expands services with Melanesian partnership, and other business stories
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18 Feb 2015 by
Air Niugini secures agreement with Air Vanuatu and Solomon Airlines, Cue Energy rejects takeover offer, and Steamships closes Highlands Highway operations. Your weekly digest of the latest business news.
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