A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.
Posts by Business Advantage PNG
A new Executive Officer at the Lae Chamber of Commerce and Industry and the South Pacific Tourism Organisation reappoints Deputy Chairperson
Papua New Guinea economy on the cusp of a mining boom, kina’s fair value ‘around US 23-25 cents’, and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
Production resumes at the LNG plant as more reserves found, BHP Billiton to be sued over alleged environmental damage, and talks with China over a free trade agreement. Your weekly digest of the latest business news.
Ni-Vanuatu to head up BSP operations in Port Vila, former Irish PM nominated to head the Bougainville Referendum Commission, new Chair of the 2019 Asia Pacific Business Forum
Eminent scientist Professor Tim Flannery will be one of the key speakers at this year’s Business Advantage Papua New Guinea Investment Conference at the Sofitel Brisbane Central on 6 and 7 August this year.
Papua New Guinea’s second LNG plant is expected to be ready by 2023-2024, according to Total Managing Director, Philippe Blanchard. He told Business Advantage PNG the company is also keeping its eyes open for other energy plants in PNG.
Papua New Guinea Commerce Minister wants stock exchange opened up to attract more foreign investment
Commerce and Industry Minister, Wera Mori, says the government is focusing on new laws to open up Papua New Guinea’s capital markets to attract foreign investment. He also told business in Port Moresby this week that the government alone cannot rebuild the country’s economy and has called for a new bond between the state and the business community.
Rise in foreign exchange reserves expected, K1.3 billion required annually for road maintenance work, and Ramu nickel project to have 35 year life. Your weekly digest of the latest business news.
Jackson’s Restaurant and Bar has proved a popular addition to Port Moresby’s dining scene since it opened in 2016, part of a major upgrade of the Gateway Hotel’s food and beverage offering.