ASX-listed gold producer, St Barbara Ltd, which owns the Simberi mine in Papua New Guinea’s New Ireland, has posted a full-year net loss of AUD$192 million (K409 million), due primarily to a lower gold price.
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The Australian Government has moved to allay fears that Papua New Guinea companies will lose out on valuable contracts as the Manus Island detention centre is developed by holding business briefings this week.
Papua New Guinea finance company Moni Plus is in expansion mode, after launching a state-of-the-art online foreign exchange service earlier this year.
PM rebuffs Australian TV corruption allegations, criticism of Kokoda aid, and where Economist Intelligence Unit ranks Port Moresby.
Finance company Credit Corporation (PNG) Ltd has appointed two new board members.
Pacific leaders in the media spotlight this week, while the business benefits of Manus Island are debated and Australia issues an apology.
Business visitors to Lae have tended to have little choice when it comes to accommodation options, so the opening of the Lae City Hotel in April of this year was greeted with particular interest.
While reduced global commodity prices are having a major impact on Papua New Guinea government revenues this year, there are ‘incipient signs of a turnaround’, according to data published in the latest ANZ Pacific Quarterly, released this week.
Twitter, the world’s fastest-growing social media platform, will make a presentation to delegates of the Papua New Guinea Advantage international investment summit in Port Moresby next month, organisers have confirmed.
We put five quick questions to international economist Tim Harcourt, who will visit Papua New Guinea next month for the 2013 Papua New Guinea Advantage investment summit.