Telikom PNG launches a COVID-19 helpline, mining companies announce contingency plans and studies conducted at the Frieda River project site to be finalised. The news you need to kickstart your week.
In brief
The week’s business news in summary. In Brief is sourced from a variety of Papua New Guinea and international media outlets as a service to our readers. Business Advantage PNG makes no claim for the veracity of third party sources.
The World Bank predicts lower export revenue for Papua New Guinea, fuel prices set to fall, and retailer appeals for calm. The business news you need to kickstart your week.
The National Airport Corporation signs an agreement to upgrade Kavieng Airport, NKW Fresh signs a deal to support farmers in Morobe Province and Air Niugini turns around K133 million loss in 2018 to a profit. The news you need to kickstart your week.
Papua New Guinea’s Minister for State Enterprises announces plans for ‘partial privatisation’ of state-owned enterprises, P’nyang negotiations between ExxonMobil and PNG could resume and company reporting season. The business news you need to kickstart your week.
In brief: International Monetary Fund approves Papua New Guinea’s request and other business stories
Papua New Guinea gets help from the International Monetary Fund, Minister for Petroleum explains P’nyang license and the ‘Whistleblower Act’ passes unanimously. The news you need to kickstart your week.
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week.
Forestry industry says new export tax levy could spell the end, Wafi-Golpu Joint Venture to lay off employees and P’nyang negotiations edge towards deadline. The business news you need to kick-start your week.
The future could look bright for Porgera gold mine, Western Province announces its position on P’nyang, and Papua New Guinea’s Treasurer says non-resource growth for 2020 is projected at 3.3 per cent. The business news you need to kick-start your week.
New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.