The Ihu Special Economic Zone project gets funding from China, Prime Minister Marape visits ExxonMobil headquarters and Kina’s acquisition of Westpac Pacific is officially over. The business news you need today.
Posts by Business Advantage PNG
Commissioner of Police and Controller of the Papua New Guinea COVID-19 National Pandemic Response, David Manning, has issued new measures that affect business travel. Here’s what you need to know.
Amidst an increase in COVID-19 cases, the Police Commissioner and Controller of the Papua New Guinea National Pandemic Response, David Manning, has announced changes to national and international travel.
Prime Minister James Marape to visit ExxonMobil’s headquarters, Telikom/bmobile merger to be finalised this month, and delays in Porgera’s reopening. The business news you need today.
Credit Corporation announces changes to its team and Mayur Resources welcomes two board Directors.
Mayur’s Central Lime and Cement project receives Special Economic Zone status, Porgera mine announcement coming on 16 September and COVID cases increase in Papua New Guinea. The business news you need today.
Grow PNG announces new Executive Director.
It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea’s Independent Consumer and Competition Commission has issued a ‘final determination’ declining authorisation of Kina’s proposed acquisition of Westpac Papua New Guinea.
Oil and gas companies Oil Search and Santos have completed a merger agreement set to create a company with ‘a pro-forma market capitalisation’ of approximately A$21 billion (K54 billion). Regulatory and shareholder approvals will ultimately decide the deal’s fate, however.
Air Niugini announces restrictions to travel to Sydney, Prime Minister Marape says Wafi-Golpu could be expected in December and Twinza Oil gets an ultimatum. The business new you need today.