Interest in Papua New Guinea among businesses in far north Queensland, Australia, has never been higher. Business Advantage PNG dropped in on a regular PNG networking event in Cairns last week to learn more.
May 2013
Tony Koiri has stepped down from the role of Chief Executive Officer of state-owned utility PNG Power Ltd after six years at the helm. He will stay on as a special advisor for the next six months to smooth the transition to new company leadership.
The PNG LNG project has reached another milestone with the opening of the 3.2km-long Komo Airfield in the southern Highlands, according to Oil Search Managing Director, Peter Botten.
Papua New Guinea’s business community has rallied round Buk bilong Pikinini (BbP), a charity dedicated to bringing literacy to children through libraries.
PNG’s Chamber of Mines and Petroleum elected Oil Search Managing Director, Gerea Aopi, as its new President during its annual general meeting last week. He replaces outgoing President, Dr Ila Temu.
Commercial lawyer Steven Kami says PNG’s superannuation and life insurance sectors are worried about the effect of the new prudential standards on corporate governance, and in particular the effect on eligible directors.
This month, global gold, copper and silver prices hit lows not seen for over two years, causing commentators around the world to suggest that the global mining boom, driven largely by demand from China, is over. How could this effect Papua New Guinea?