Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
The lack of foreign exchange is having a deep impact on Papua New Guinea’s financial system. A new World Bank report shows that mining is the biggest generator of foreign exchange in PNG, but what about LNG projects?
ExxonMobil announces a new Vice-President of Investor Relations and Corporate Secretary and Digicel PNG Foundation welcomes new members to its Board of Directors.
Papua New Guinean chemist Yalinu Poya has received an international award for her groundbreaking research into making sustainable synthetic fertiliser.
The suspension, at least for now, of negotiations over the P’nyang LNG project, has raised issues about the investment environment in Papua New Guinea and the issue of risk, according to analysts.
A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.
Goldman Sachs bans all-male IPOs, coronavirus hits international shipping and how SMEs can market better.
The Pacific Tourism Organisation announces a Finance and Corporate Services Manager, new Board of Directors for the National Airports Corporation and the ACP Group appoints a Chairperson of the Committee of Ambassadors.
The court deadlock over the Wafi-Golpu project has ended with the National Court in Lae throwing out the injunction relating to the Memorandum of Understanding (MOU) that had brought the project to a halt. It opens the door for a potential US$5.4 billion (K18 billion) investment into Papua New Guinea.
How do you reach Papua New Guineans in remote areas? With drones – and a new company, PNG Flying Labs, is trying to ensure the next generation is qualified to fly them