Oil Search may look to list its power business on the Papua New Guinea stock exchange, Peter Botten, Managing Director of Oil Search tells Business Advantage PNG. He says that in 10 years he hopes the company’s production will have tripled.
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The National Central District has launched an urban development program, which will run into the middle of next year. Governor of Port Moresby, Powes Parkop, said he will be looking to upgrade Port Moresby’s settlements and explore ways to offer residents title.
Kumul Petroleum signs MOU for design of floating LNG plant, K64 million tourism support for Milne Bay and ENB provinces, and BSP reports K185 million Q3 profit. Your weekly digest of the latest business news.
Chief Investment Officer leaves Nambawan Super, a new board member for WorleyParsons, Solomon Islands Prime Minister voted out
A shift in the resources industry is expected, with demand for more “exotic” minerals increasing. But Justin Smirk, Senior Economist at Westpac Institutional Bank tells Business Advantage PNG that industry players must apply a long-term and holistic approach to reap the benefits.
The General Manager of Port Moresby’s Airways Hotel, Sushil Gordon, tells Business Advantage PNG that increased competition will be a boost to Papua New Guinea’s whole hospitality sector. He says next year’s APEC meeting represents a great opportunity.
Two key events before year’s end are likely to decide the timeline for the rebuilding of the Panguna copper mine on Bougainville Island. The Chairman of Bougainville Copper Limited, Rob Burns also tells Business Advantage PNG two board appointments last month (Oct) is part of the company’s strategic development.
Proposals for investment in Papua New Guinea’s forestry sector are almost as high as in its mining and petroleum sector, according to figures from the Investment Promotion Authority. The IPA has also flagged a crackdown on compliance.
There are compelling reasons to boost Papua New Guinea’s agriculture sector, according to two executives in Innovative Agro Industry. It can reduce reliance on imports and provide jobs to a country full of dedicated farmers.
New appointments to the board of the Business Council of PNG, a new CEO of General Electric, PNG, a new CEO at Digicel Fiji