News

Defensive driving academy looks to save lives and improve transport efficiency in Papua New Guinea

Road safety is at the forefront of business minds in Papua New Guinea. Poor roads mean delays in the delivery of goods, damaged vehicles and fatal accidents. But Frank Lapi, Director and Master Trainer at Diamond Defensive Driving Academy, may have found a solution that suits businesses of every size.
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Bank of Papua New Guinea urges tougher stance on new resources projects

The March Monetary Policy Statement from the Bank of Papua New Guinea has urged the government to rethink the way it negotiates concessions and tax exemptions with new resources projects. Taking a strong position, it points to how previous agreements have been a factor in foreign exchange shortages and adverse trends in government finances.
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People Moves: Kumul Petroleum, Nautilus, National Gaming and Control Board, PNG Customs, Provincial Administrators

New Chairman for Kumul Petroleum Holdings Limited, Nautilus names a new Managing Director, the National Gaming and Control Board reappoints CEO, Papua New Guinea Customs Chief Commissioner gets a five-year term.
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US$10 billion Papua LNG agreement signed between Papua New Guinea government and developers

The Papua New Guinea State has signed the gas agreement for the US$10 billion (K33.7 billion) Papua LNG project with Total, ExxonMobil and Oil Search. The project, which will double PNG's gas production, represents the second-largest foreign direct investment ever in the country.
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Salt and Pesce confirmed keynotes for 2019 Papua New Guinea Investment Conference

Leading social commentator and business analyst Bernard Salt AM and futurist Mark Pesce have been confirmed as the two keynote speakers for this year’s Business Advantage Papua New Guinea Investment Conference, to be held in Sydney on 19 and 20 August.
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