Nambawan Super profit of K406 million, Bank South Pacific reports net profit of K1.99 billion, government agencies locked out of offices for allegedly non-payment of rents. Your weekly digest of the latest business news.
In brief: Nambawan Super profit of K406 million, and other business stories
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People moves: NASFUND, PNG Power
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Two new directors at NASFUND, a new Chairman at PNG Power
In brief: O’Neill proposes electoral reform, including voting system, and other business stories
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‘First past the post’ voting system to return, expansion of Milne Bay airport, and rugby league now a K15m a year business. Your weekly digest of the latest business news.
People moves: CPL Group, National Capital District, Hilton Hotels and Resorts
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A new City Manager for the NCD, a new General Manager for Hilton, and CPL MD returns
In brief: Quake damage in LNG and Ok Tedi mining areas, and other business stories
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ExxonMobil, Oil Search close LNG production facilites after quake, analysts expect kina to fall ‘over the near-term’, and agreement being finalised to allow Philippines farmers to grow rice in PNG. Your weekly digest of the latest business news.
People moves: Nautilus Minerals, Peopleconnexion, IHG Hotels Group
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A new Chief Operating Officer at Nautilus Minerals, a new regional Manager at Peopleconnexion and a new Hotel Manager at the Crowne Plaza
Papua New Guinea’s APEC Ambassador and ABAC chair confident of successful summit
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Papua New Guinea’s APEC year has started, with the first Senior Officials Meeting now under way in Port Moresby. Recent experience shows the year will be successful, according to the country’s APEC Ambassador, Ivan Pomaleu. David Toua, chair of the APEC Business Advisory Council (ABAC) says it is necessary to support globalisation.
People moves: United Nations, KPMG
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A new Country Representative for the UN in PNG, Senior Taxation appointment at KPMG
In brief: Public debt stands at 31.9 per cent of GDP, and other business stories
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Total public debt stands at K23.5 billion, review of gun licences for private security firms likely, and People’s Micro Bank to be commercialised later this year. Your weekly digest of the latest business news.
Five questions for: James Movick, Director-General, Pacific Islands Forum Fisheries Agency
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Control of foreign fishing vessels in international waters is the biggest threat to the South Pacific tuna industry, according to James Movick, Director-General, Pacific Islands Forum Fisheries Agency. He tells Business Advantage PNG that plans to increase aerial surveillance will help detect illegal fishing.
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