Steamships’ new chief in Papua New Guinea keeps powder dry for coming challenges and opportunities

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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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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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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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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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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.

In brief: InterOil chief says Elk-Antelope project will support ‘at least two trains’, and other business stories

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More details about the potential of the Elk-Antelope LNG Project emerge, 108 companies apply for exemptions to minimum wage increase, and social media fundraising underway to buy Bougainville cocoa. Your weekly digest of the latest business news.

People moves: NASFUND, Steamships, PanAust

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New senior appointments at NASFUND, a new director at Steamships, and a new Managing Director at PanAust

In brief: O’Neill declares PNG moving towards a new regime of ‘managed economic growth’ and other business stories.

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A new approach to managing PNG’s economy, Manus Island detention centre to be ‘wound down’, and PNG cricketers turning professional. Your weekly digest of the latest regional business news.

In brief: Santos and Oil Search increase production following PNG LNG start-up, and other business stories

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Santos and Oil Search increase production following PNG LNG start-up, Crater Gold raising funds for mine development, and regional tuna stock report due out August. Your weekly digest of the latest business news.

In brief: Emergency declared in Porgera over illegal mining and other business stories

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A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.