Parliament sits to elect a new Speaker and Prime Minister, CPL receives initial insurance payout of K10m for June fire, inquiry call for contract awarded to Borneo Pharmaceuticals. 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.
Newcrest Mining reports drop in gold production, claims tourism can make strong contribution to Papua New Guinea economy and reports that foreign exchange shortage improving. Your weekly digest of the latest business news.
Frieda River partners seek arbitration to resolve dispute, Livestock Development Corporation ‘defunct’ and food labelling remains an issue. Your weekly digest of the latest business news.
Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.
Australian miner with links to Bougainville landowners bids to restart Panguna, research into boosting tourism in East New Britain and Milne Bay, and ABAC prepares paper on life after mining projects. Your weekly digest of the latest business news.
Broadband network to be completed by the end the year, Oil Search concludes five-year credit agreement and ADB approves funding Highlands Highway project. Your weekly digest of the latest business news.
‘Too early’ to identify cause of fire at country’s largest retailer’s headquarters and warehouse, assessment of submarine cable underway, and Competition Commission says InterOil takeover may affect market for pipelines. Your weekly digest of the latest business news.
Gold mine to go into full production, royalties scrutiny and better access to basic infrastructure. Your weekly digest of the latest business news.
Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news.
BSP enters a joint venture deal in Cambodia, management restructure planned for PNG Power, and government shelves GST rise. Your weekly digest of the latest business news.