The signing of the Papua LNG project deferred, PNG LNG signs Singapore deal, and Minister flags new Mining Act. Your weekly digest of the latest business news.
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.
Kina Bank acquisition of ANZ assets gets regulatory approval, NASFUND members paid K8.5 million in interest and Nautilus to be delisted. Your weekly digest of business news.
In Brief: Papua New Guinea’s government reaffirms its commitment to the development of the petroleum and energy sectors and other business stories
Post-Brexit deal signed with Papua New Guinea and Fiji, new digital identity scheme and upgrades to Tari Airport in Hela. Your weekly digest of the latest business news.
In Brief: Funding for the Gulf to Southern Highlands Highway missing link and other business stories
The Gulf to Southern Highlands Highway missing link is set to be funded under the new tax credit scheme, K56 million in royalties for forest landowners, and Geopacific Resources announces the acquisition of the remaining seven per cent of JV with Kula Gold. Your weekly digest of the latest business news.
Bougainville’s independence referendum deferral, Papua New Guinea ranked 109 out of 190 in the World Bank’s 2019 Ease of Doing Business Report and possible changes to the Foreign Investment Regulatory Bill. Your weekly digest of the latest business news.
The Papua New Guinea’s Petroleum Minister has said he will put forward a bill on the proposed National Petroleum Authority and Bougainville receives an extra $US700,000 to support its referendum. Your weekly digest of the latest business news.
Papua New Guinea’s Prime Minister has announced a US$13 million airport in Mendi and Moody’s has changed the country’s issuer ratings from negative to stable. Your weekly digest of the latest business news.
New World Bank report predicts 5% GDP growth for Papua New Guinea in 2019, consumer protection in financial services, and Bloomberg puts a value on Panguna mine. Your weekly digest of the latest business news.
Papua New Guinea electrification project to start in Enga Province, Mining Act in Bougainville set for alteration, while moratorium on business visas ends. Your weekly digest of the latest business news.