Port Moresby International airport is undergoing an expansion, ahead of an influx of passengers for the 2015 South Pacific Games, the 2018 APEC summit and projected increases in traffic as the economy grows. The Acting Managing Director of the National Airports Corporation, Joseph Tupiri, outlines the plans to Business Advantage PNG.
First LNG cargo loaded this week, O’Neill announces inquiry into asset sales by PNGSDP, and more room for mobile phone operators, says NICTA. Your weekly digest of the week’s top business stories.
Despite cuts to foreign aid spending in this year’s Australian Federal budget, released this week, Papua New Guinea will gain an extra A$59 million (K155 million) and regional programmes also stand out as the beneficiaries from this year’s budget, according to analysts.
Business Advantage International and the Port Moresby Chamber of Commerce and Industry have announced that the 4th Papua New Guinea Advantage investment summit will take place at the Gateway Hotel, Port Moresby, on 9 and 10 September 2014.
A new CEO for New Guinea Energy, while Mineral Resources Authority confirms position.
The mobile phone company set to become Papua New Guinea’s fourth mobile phone provider says it hopes to begin operations in the third quarter of 2014, targeting areas of the country where there is currently no coverage.
Study into limestone production in Simbu, PNG Power CEO reinstated and enquiry into coastal shipping costs. Your weekly digest of the latest business news.
PNG’s kina has continued to fall against its major trading currencies, and is now at levels below those of September 2013, following a brief rally in late 2013 and early 2014.
Chair of IPBC reportedly sacked, Nautilus confirms CEO and a former ambassador heads up trade division in Trade, Commerce and Industry Department
A state of emergency declared in Porgera over illegal mining, O’Neill promises to cancel illegal forestry leases and second LNG train about to begin production. Your weekly digest of the latest business news.