Papua New Guinea’s Prime Minister appoints four new ministers, Kina Petroleum elects a new Chief Operations Officer – Upstream and LNG, South Pacific Tourism Organisation appoints Chairman and ANGAU Memorial General Hospital welcomes a new Chief Executive CEO.
People Moves: Cabinet reshuffle, Kina Petroleum, South Pacific Tourism Organisation, ANGAU Hospital
Welcome,
14 May 2019 by Leave a Comment
In brief: Government seeking Budget support of US$500 million, and other business stories
Welcome,
23 May 2017 by 1 Comment
Government seeking Budget support from World Bank, LNG partners seek huge savings by co-operating, Ok Tedi performing well after seven months. Your weekly digest of the latest business news.
People moves: new Australian company secretary at Kina Petroleum
Welcome,
15 Jun 2016 by Leave a Comment
Kina Petroleum’s Australian based secretarial responsibilities will be assumed by Alex Mitchell, the company’s Chief Financial Officer.
In brief: Bank of Papua New Guinea seeks K793 million loan to assist foreign exchange backlog, and other business stories
Welcome,
30 Mar 2016 by Leave a Comment
Central bank seeks temporary loan to cover backlog of demand for foreign currency, district grants and non-tax paying companies under fire and kina to fall to its lowest level since 2003 if current rate of depreciation continues. Your weekly digest of the latest business news.
In brief: mini-budget on the way for Papua New Guinea, and other business stories
Welcome,
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.
In brief: Treasurer Pruaitch calls for tighter regulations to prevent Kina falling, and other business stories
Welcome,
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
Welcome,
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: Pruaitch delivers record Budget and other business stories
Welcome,
19 Nov 2014 by
Record 2015 Budget and higher deficit, Sime Darby happy with 51% of New Britain Palm Oil and Marengo Mining raises funds for drilling program. Your weekly digest of the latest business news.
Cott Oil and Gas focuses on Pandora gas field’s potential for floating LNG
Welcome,
29 Oct 2014 by
Cott Oil and Gas Ltd has undergone a restructure to allow the company to focus on developing what could be Papua New Guinea’s first floating liquefied natural gas (FLNG) project – at the Pandora gas field in the Gulf of Papua. Cott’s Managing Director Andrew Dimsey outlines the company’s plans to Business Advantage PNG.
People moves: Kina Petroleum, MRDC, Marengo Mining and PIPSO
Welcome,
14 Jan 2014 by
A new board member at Kina Petroleum, a new chairman of the Mineral Resources Development Corp., and other new appointments.
USD 0.2672
AUD 0.4040
GBP 0.2104
EUR 0.2469
NZD 0.4353
JPY 39.39
SGD 0.3578
Recent readers’ comments