Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.
In Brief: Concern about changes to investment laws and other business stories
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29 Jan 2019 by Leave a Comment
People Moves: National Development Bank, Keypoint Law
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29 Jan 2019 by Leave a Comment
New chairman and board members for the National Development Bank, new practice head for Keypoint Law.
Papua New Guinea’s foreign exchange and budget situation improving, says central bank Governor
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29 Jan 2019 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, says the foreign exchange market is on track to return to normalcy. In an exclusive interview with Business Advantage PNG, he says the PNG LNG project has begun paying taxes for the first time, which is improving the Government’s budgetary position.
In brief: State-owned enterprises told to lift performance and other business stories
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22 Jan 2019 by Leave a Comment
Papua New Guinea’s state-owned enterprises given pep-talk by Minister, new Credit Guarantee Corporation to be established and Ramu NiCo sales fall. Your weekly digest of the latest business news.
People Moves: Bank South Pacific, DCITE
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22 Jan 2019 by Leave a Comment
A new Secretary at the Department of Communications, BSP banker retires.
People moves: PanAust, Mineral Resources Authority, KPMG, Ok Tedi Mining, Judicial appointments
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16 Jan 2019 by Leave a Comment
Board and senior management changes at PanAust, a new Managing Director at the Mineral Resources Authority, a new Tax Partner at KPMG, Ok Tedi’s first female Mine Manager and judicial appointments for the National and Supreme Courts.
In brief: Papua LNG project to put Papua New Guinea as leading LNG exporter, and other business stories
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15 Jan 2019 by Leave a Comment
Forex turnover more than K4b in October, call for joint PNG-Australia coastguard initiative, and one kina chocolate bar on sale locally. Your weekly digest of the latest business news.
MOU signed for Wafi-Golpu copper-gold mine in Papua New Guinea
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21 Dec 2018 by 2 Comments
Developers Newcrest Mining and Harmony Gold have signed a memorandum of understanding with the Papua New Guinea Government for the development of the Wafi-Golpu copper-gold mine in PNG’s Morobe Province. While the MOU indicates negotiations are proceeding well, there is still plenty of work to be done before the project gets a green light from government, local communities and investors.
New majority owner of Port Moresby Stock Exchange outlines its plans
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12 Dec 2018 by 5 Comments
The Port Moresby Stock Exchange has new majority owners. So, who’s behind Pacific Capital Markets Development and what are their plans for Papua New Guinea’s bourse? In this exclusive interview, one of the Principals of Pacific Capital, Frank Dunphy, reveals all to Business Advantage PNG.
In brief: US$8 billion Frieda River feasibility study released and other business stories
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11 Dec 2018 by Leave a Comment
Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.
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