Outstanding foreign exchange orders almost K1.5 billion according to Bank of PNG, Newmont makes offer for Newcrest Mining, and progress on Porgera gold mine. Your business news digest.
Posts by Business Advantage PNG
The K320 million Rangeview Plaza, which opened in the heart of Waigani in mid-2022, is rapidly earning a reputation as the destination where more locals want to meet, shop and dine safely.
Freight volumes into PNG’s two major international ports, Motukea and Lae, were up substantially in 2022. New resources projects and transformative investments look set to drive further expansion.
The Ramu 2 hydro power station looks to be on track, Mining Minister says there is interest again in Solwara 1 deep sea mining project and the IMF makes sizeable contribution to Papua New Guinea’s economy. Your business news today.
Papua New Guinean employers are bracing for a fierce battle to attract and retain skilled workers.
Kumul Petroleum signs deal to build fabrication facility, Nasfund announces net profit and feasibility study for the Mongi hydroelectric project. Your business news in summary.
State-owned oil and gas company Kumul Petroleum has been gradually acquiring licences to some of Papua New Guinea’s smaller and ‘stranded’ gas assets. Managing Director Wapu Sonk explains the strategy behind the move to Business Advantage PNG.
The Bank of Papua New Guinea to increase monthly forex release by US$40 million, Kumul Petroleum Holdings to supply energy to Special Economic Zones, and key PNG corporates post encouraging 2022 results. Your business news in brief.
New additions at Airways Hotel & Residences and Motor Vehicles Insurances Ltd, managerial appointment at Pacific Palms Property.
Central Bank awards in principle banking licence to Credit Corporation, Japanese delegation visits proposed Special Economic Zone locations in Papua New Guinea, and Newmont’s proposal to combine with Newcrest Mining. Your business news in summary.