In brief: manufacturing affected by downturn in the economy and other business stories

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23 Mar 2016 by Business Advantage PNG Leave a Comment

Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Barrick Gold, City Pharmacy Ltd (CPL) Group, Japanese International Cooperation Agency, Manufacturers Council of PNG, PNG Air, Woodside Petroleum, World Health Organisation

In brief: Call for Papua New Guinea government and industry to weather low commodity prices, and other business stories

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24 Feb 2016 by Kevin McQuillan Leave a Comment

Oil Search leader says PNG ‘well placed’ to manage low commodity price regime, Ok Tedi expected to be profitable, and BSP reports 5 per cent profit increase. Your weekly digest of the latest business news. PNG is well placed to weather the current low world oil price environment, but the Government and industry need to […]

Filed Under: In brief, News Tagged With: BSP Financial Group, Fiji, Kula Gold, Oil Search Ltd, Ok Tedi Mining Ltd (OTML), Special Agricultural Business Leases, The Oakland Institute, Total SA, Trukai Industries, WCB Resources, Woodside Petroleum

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

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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: Mining resumes at the Porgera gold mine following partial closure, and other business stories

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25 Nov 2015 by Business Advantage PNG Leave a Comment

Suspension of operations at Porgera mine lifted after 16 days, consumers to wait for imported vegetables, and Woodside reiterates ‘fairness’ of Oil Search takeover offer. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Barrick Gold, Bmobile Vodafone, BSP Financial Group, Cook Islands, Gadens Lawyers, Horizon Oil, Nambawan Super, National Agriculture and Quarantine Inspection Authority (NAQIA), Oil Search Ltd, People’s Micro Bank, Puma Energy, R D Tuna Canners, United Nations, Westpac, Woodside Petroleum

More oil and gas mergers and acquisitions could impact Papua New Guinea, say analysts

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16 Nov 2015 by Business Advantage PNG 2 Comments

Two major takeover offers involving leading companies operating in Papua New Guinea’s oil and gas industry have emerged in recent months. Business Advantage PNG spoke to oil and gas analysts about what this mergers and acquisitions activity means for the sector.

Filed Under: Features, Industry sectors, Latest news, Mining/petroleum, News Tagged With: Oil Search Ltd, PNG LNG, Santos, Scepter Partners, Woodside Petroleum

In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories

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28 Oct 2015 by Business Advantage PNG Leave a Comment

Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: ANZ, Asian Development Bank (ADB), Kumul Consolidated Holdings, Kumul Petroleum, National Development Bank, Oil Search Ltd, PNG Forest Industry Association, Santos, Scepter Partners, Standard & Poor’s (S&P), Transparency International PNG, Woodside Petroleum

In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories

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21 Oct 2015 by Business Advantage PNG

Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: BSP Financial Group, Department of Works, InterOil Corporation, Kumul Petroleum, Marengo Mining, Niugini Organics, Oil Search Ltd, Papua New Guinea Chamber of Resources and Energy (PNG CORE), PNG Tourism Promotion Authority, Santos, Woodside Petroleum

In brief: Hope that SABLs leases will be return to landowners soon, and other business stories

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7 Oct 2015 by Business Advantage PNG Leave a Comment

Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.

Filed Under: In brief, News Tagged With: Anglo American, Bank of Papua New Guinea, Covec (PNG), Curtain Bros, Fiji, Highlands Pacific, Kina Group, Marengo Mining, Mineral Resources Authority, National Fisheries Authority (NFA), Pacific Islands Trade and Invest, PNG Ports Corporation, Woodside Petroleum, World Bank

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

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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: Oil Search rejects Woodside takeover bid as ‘highly opportunistic’, and other business stories

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16 Sep 2015 by Business Advantage PNG Leave a Comment

Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.

Filed Under: In brief, Latest news, News Tagged With: Australia Papua New Guinea Business Council, BSP Financial Group, City Pharmacy Ltd (CPL) Group, Credit Corporation, Highlands Pacific, Lukim PNG Nau, Mineral Resources Development Company (MRDC), Oil Search Ltd, PNG Air, Woodside Petroleum

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 […]