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.
In brief: Ok Tedi mine reopens and other Papua New Guinea business stories
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2 Mar 2016 by Leave a Comment
Profile: Steffi Stallmeister, PNG Country Manager, World Bank
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28 Oct 2015 by 1 Comment
Infrastructure development and improving the agricultural sector are the two key focusses for World Bank financing in Papua New Guinea. But, on a personal level, it is education and its potential that inspires its PNG Country Manager, Steffi Stallmeister. She spoke to Business Advantage PNG.
World Bank says Papua New Guinea needs to avoid a possible ballooning budget deficit
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15 Oct 2015 by Leave a Comment
A World Bank report says Papua New Guinea government spending should be curbed to avoid a possible ballooning budget deficit.
Ratings agency revises Papua New Guinea outlook down, but maintains rating
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13 Oct 2015 by Leave a Comment
International ratings agency Standard and Poor’s has revised its outlook for Papua New Guinea from ‘stable’ to ‘negative’. While maintaining PNG’s B+/B rating, S&P’s Director of Sovereign & Public Finance Ratings explains to Business Advantage PNG why there’s a one-in-three chance the rating could be lowered in the next 12 months.
In brief: Hope that SABLs leases will be return to landowners soon, and other business stories
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7 Oct 2015 by 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.
Foreign exchange controls affect Papua New Guinea business as ANZ calls for changes to kina trading range
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6 Oct 2015 by 1 Comment
As Papua New Guinea’s business community continues to face foreign exchange shortages, ANZ Bank has called for a relaxation of the enforced trading band for the kina. Meanwhile, analysts say the kina is facing further downward pressure from the US dollar.
Outsourcing of road design and construction paying off, says Papua New Guinea’s roads chief
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21 Sep 2015 by 5 Comments
Major road works in Papua New Guinea are now outsourced to the private sector, under a design-and-build model. The result, says the Secretary of the Works Department David Wereh, is improved performance.
Two milestones on the way to improved electricity in Papua New Guinea due this month
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5 Aug 2015 by 3 Comments
Two new milestones on the way to boosting electricity access to 70 per cent of Papua New Guineans households are due this month. Business Advantage PNG speaks with Roberto Aiello, Senior Energy Specialist with the World Bank, which is supporting the PNG government with its energy development plans.
In brief: Business endorses new Papua New Guinea police chief, and other business stories
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3 Jun 2015 by Leave a Comment
Business endorses new Police Commissioner, Kumul Flyover opens, and Oil Search chief says low prices are here to stay. Your weekly digest of the latest business news.
In brief: Oil Search adapts to changing market conditions, and other business stories
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25 Feb 2015 by Leave a Comment
LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.
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