A new development on the Papua New Guinea University of Technology’s campus in Lae will give PNG’s second city its first shopping mall. Vice-Chancellor Dr Albert Schram tells Business Advantage PNG the plan includes housing, shops, banks and business offices.
O’Neill appoints new Treasurer, a new Chair of the Securities Commission, Air Niugini appoints first woman to head a subsidiary, Ramu landowner board appointments, new partner at KPMG, a new CEO at Akzo Nobel, and a Group Operations Manager at Pacific Foam Group
Kennedy Wemin, the Chief Executive of Melanesian Trustee Services limited (MTSL), Trustee and Interim Manager of Papua New Guinea’s unit trust fund, Pacific Balanced Fund (PBF) tells Business Advantage PNG that the difficult economic conditions create opportunities as well as challenges. He outlines some of the fund’s future options.
Papua New Guinea’s foreign exchange problems are a symptom of an overly narrow industry base, according to a new report by the Business Council of PNG. It says the new government also needs to look at widening the tax base and improving infrastructure.
Peter O’Neill has been returned for a second term as Prime Minister of Papua New Guinea by the country’s 10th National Parliament. In his first speech to Parliament, he flagged a continued focus on education, health and infrastructure.
Parliament sits to elect a new Speaker and Prime Minister, CPL receives initial insurance payout of K10m for June fire, inquiry call for contract awarded to Borneo Pharmaceuticals. Your weekly digest of the latest business news.
A new Chairman of the Mineral Resource Authority, a new executive of the revived Association of Superannuation Funds, and two new board members of the Australia-PNG Business Council
Ocean freight and air freight services, both in and out of Papua New Guinea, will be required to ensure they are compliant with future emissions reductions requirements. Rensie Panda, Lead Climate Change Negotiator at the Climate Change & Development Authority, tells Business Advantage PNG what to expect.
Which are Papua New Guinea’s favourite websites? While it’s no surprise that Google and Facebook dominate, Business Advantage PNG’s analysis of web rankings data suggests local content is holding its own.
The interests of commerce and environmentalism are being aligned on Papua New Guinea’s Huon Peninsula. Local villagers have become involved in saving tree kangaroos by growing coffee and selling it into the United States.