NASFUND’s new Chairman, Australia appoints Consul-General in Lae, EMTV loses CEO, a new NZ High Commissioner, Japan’s Ambassador leaves, new Port Moresby General Hospital CEO, inaugural chairman of Porgera Chamber of Commerce, new board member at Geopacific Resources.
National airline Air Niugini is set to commence bi-weekly flights to Townsville in the Australian state of Queensland from March 2017. The move strengthens Port Moresby’s Jacksons International Airport status as a regional aviation hub.
Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.
Boosting data speeds and widening broadband coverage are the aims of Digicel’s incoming Chief Executive Officer, Brett Goschen. He told Business Advantage PNG he will be drawing on his experiences in Africa to help transform the telecommunications landscape in Papua New Guinea.
Treasurer says Supplementary Budget will review tax measures proposed in the 2017 Budget, sufficient geothermal power in PNG for years to come, and Philippines asked to ban fishing companies operating in PNG. Your weekly digest.
Competition Commissioner reappointed, Geopacific Resources appoints CFO
Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
Copper and cocoa prices have eased sharply over the last month, while palm oil prices have surged. Gas and oil prices are largely unchanged and precious metals prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
Law firm appoints Principal to new office in Port Moresby.
Philippe Blanchard, Managing Director of Total E&P PNG – operator of the Papua LNG project – tells Business Advantage PNG that production for the project is expected to begin in 2022/2023. He says Total is using local labour and companies as much as possible.