The CEO of the PNG Manufacturers Council has called for a mandatory requirement that major contractors building the Manus Island detention centre use local goods and services.
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Morobe Mining and PNG Power Chief Executive appointments confirmed this week.
Papua New Guinea’s Prime Minister Peter O’Neill will open the country’s annual investment conference in Port Moresby next Monday.
Corruption and money laundering claims continue to dominate headlines, as NZ politicians favour immunity for Fiji’s current coup leaders.
Twitter Australia’s Marie Sornin will visit Papua New Guinea next week to speak at the 2013 Papua New Advantage investment summit in Port Moresby. Business Advantage PNG caught up with her briefly to ask her why the Twitter means business.
The PNG Securities Commission says it is not in the national interest for Kulim Malaysia to increase its stake in New Britain Palm Oil Limited (NBPOL).
ASX-listed gold producer, St Barbara Ltd, which owns the Simberi mine in Papua New Guinea’s New Ireland, has posted a full-year net loss of AUD$192 million (K409 million), due primarily to a lower gold price.
The Australian Government has moved to allay fears that Papua New Guinea companies will lose out on valuable contracts as the Manus Island detention centre is developed by holding business briefings this week.
Papua New Guinea finance company Moni Plus is in expansion mode, after launching a state-of-the-art online foreign exchange service earlier this year.
PM rebuffs Australian TV corruption allegations, criticism of Kokoda aid, and where Economist Intelligence Unit ranks Port Moresby.