Bank South Pacific executive says Papua New Guinea’s economy will recover by 2.5 per cent, Marape launches seven projects in Kainantu including the Ramu Hydro Power Station 2 and K1 million allocated for communication towers in Gulf Province.
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To build or not to build: multibillion dollar Chinese project highlights Western Province’s dilemmas
Reports that a Chinese company has put forward a multibillion dollar plan to develop several areas in Western Province have highlighted the lack of investment in one of Papua New Guinea’s most neglected provinces.
The long-awaited signing of the Fiscal Stability Agreement between the Papua New Guinea government and Total SA has been announced. It opens to the way for the project to go forward.
A profile of the energy sector in Papua New Guinea, including an overview, key players, peak bodies, funding sources and incentives.
Kina Bank will adopt a ‘multi-brand’ strategy after acquiring Westpac PNG, according to Lesieli Taviri, Executive General Manager for Banking. She believes fears about a duopoly are unfounded.
Micronesian nations leave the Pacific Island Forum, Kumul Submarine Cable yet to be completed and Daru Island becomes centre of political tension. The latest business news in a nutshell.
The National Development Bank announces a new Acting Managing Director, Pacific Islands Forum welcomes a new Secretary General, Nambawan Super appoints an executive for top investment job, Oro Province gets an Administrator and the East New Britain Port Services appoints a General Manager.
The Wafi-Golpu Joint Venture has released new information on its proposed DSTP method of tailings disposal for the planned Wafi-Golpu mine in Papua New Guinea. The move is designed to allay environmental concerns, including those expressed by Morobe Governor Ginson Saonu.
Foreign exchange pressures continue to escalate, the Executive Director of the Institute of National Affairs talks about the ‘restorative effect’ reopening Porgera could have, and Oil Search back on track.
The Investment Promotion Authority has released data on foreign investment trends in 2020 that show the sector of most interest was agriculture. Despite the impact of COVID-19 there was significant investor interest.