Sir Mekere Morauta calls for ‘genuine government effort’ to resolve K2 billion dispute, IFC approves credit facility and Manus business leaders want to be treated as a ‘special case’, if detention camps close. Your weekly digest of the latest business news.
In brief: Sir Mekere Morauta offers 3-step solution to K2 billion PNGSDP dispute, and other business stories
Welcome,
4 May 2016 by 1 Comment
Papua LNG project ‘definitively’ going ahead in Papua New Guinea, says Total
Welcome,
29 Apr 2016 by 17 Comments
France’s Total SA has confirmed its plans to commence construction for Papua LNG, the country’s next big liquefied natural gas project. Business Advantage PNG spoke with Philippe Blanchard, Managing Director of its PNG subsidiary, Total E&P PNG, to learn more about its race to start construction in 2018.
Papua New Guinea could attract big cash for infrastructure, says Pascoe
Welcome,
27 Apr 2016 by 4 Comments
In an environment of plummeting interest rates, long term infrastructure investment is a sound option for both investors and governments. Financial and business commentator Michael Pascoe, speaking in Port Moresby last week, noted that the difficult global financial environment throws up opportunities for countries like Papua New Guinea.
In brief: Moody’s downgrades Papua New Guinea ratings because of balance of payments pressures, and other business stories
Welcome,
27 Apr 2016 by Leave a Comment
Moody’s downgrades Papua New Guinea ratings, National Broadband Network to be launched by year’s end, and warnings of a ‘crisis’ in the oil services industry. Your weekly digest of the latest business news.
People moves: MiBank, Parties to the Nauru Agreement
Welcome,
20 Apr 2016 by
MiBank appoints a new Chairman, Papua New Guinean appointed to head up the Parties to Nauru Agreement, a new Country Manager for AirSwift
In brief: Total SA to start construction of LNG plant in 2018 and other business stories
Welcome,
20 Apr 2016 by Leave a Comment
Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news. The Chairman and Chief Executive Officer of oil and gas company Total SA, Patrick Pouyanné, says the company is planning to […]
The PNG 100 CEO Survey 2016: Papua New Guinea’s chief executives cautiously optimistic
Welcome,
20 Apr 2016 by 1 Comment
Business Advantage International’s PNG 100 CEO Survey of chief executives of Papua New Guinea’s biggest corporations has found that many business leaders struggled to meet their expectations for profits in 2015. Only 4 per cent exceeded what they expected. But despite the tough times last year, the mood is cautiously optimistic.
People moves: ANZ Bank, PNG Government, MiBank, Newcrest, Melanesian Spearhead Group
Welcome,
13 Apr 2016 by
ANZ appoints Pacific Regional Executive, new Government Ministers, a new board member at MiBank, Newcrest appoints a new External General Manager and a new Director-General at the Melanesian Spearhead Group.
In brief: Pacific Marine Industrial Zone gets the go ahead, and other business stories
Welcome,
13 Apr 2016 by
Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.
Lifting tax credit scheme to five per cent would see millions added to Papua New Guinea road works, says oil palm leader
Welcome,
13 Apr 2016 by 1 Comment
Lifting the tax credit scheme to five per cent would see a big boost in road building and maintenance, according to the General Manager of West New Britain’s Hargy Oil Palms, Graham King.
Recent readers’ comments