ExxonMobil reportedly behind rival bid to Oil Search for InterOil, claims Momis may sue Rio Tinto for Panguna damages and cruise liner tourism could see 5-fold growth by 2017. Your weekly digest of the latest business news.
Posts by Business Advantage PNG
PanAust applies for Frieda River mining licence, new deal governing American access to the region’s tuna fishing and Chief Secretary to Government says Papua New Guinea’s economic fundamentals sound. Your weekly digest of the latest business news.
In brief: Inflation expected to hit 6 per cent, UNDP claims ‘timely’ expenditure reporting and POMSoX trading down 43 per cent
Glenn Dunstan has joined PNG Air as Manager of Service Delivery. Dunstan has worked with a number of resource sector companies, including ExxonMobil PNG.
Kina Petroleum’s Australian based secretarial responsibilities will be assumed by Alex Mitchell, the company’s Chief Financial Officer.
Shortage of foreign exchange hindering investment, concerns about Customs procedures and the Crowne Plaza Port Moresby hotel up for sale. Your weekly digest of the latest business news.
New Chief Executives for Advance Cairns
Finance minister Marape says PNG economy ‘doing well’, European Investment Bank invests in PNG for first time in 21 years and Memorandum of Agreements to be presented for seven copper and gold mines. Your weekly digest of the latest business news.
Bank of Papua New Guinea negotiating with ‘partners’ about foreign exchange, Oil Search to address competition issues and Travel Air to resume operations. Your weekly digest of the latest business news.
New directors appointed at KPMG PNG, Indochine Mining, and a retirement at Nautilus Minerals.