Steamships to open first Marriott-branded property in Papua New Guinea, exports of mud crabs to Singapore, and temporary disruptions at Lae port. Your business news in a nutshell.
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.
Barrick executives visit Papua New Guinea for talks about a Special Mining Lease for Porgera, PNG welcomes back cruise ships, and Department of Trade and Investment to become a ‘one-stop shop’ for foreign investments. Your business news in a nutshell.
Treasurer Ian Ling-Stuckey met with two global rating agencies to talk about Papua New Guinea and its loan history, the United States pledges about K2.8 million in programs for the Pacific and Prime Minister Marape green lights the Japan Development Institute to work on a new Special Economic Zone (SEZ) Master Plan. The business news you need.
Morobe Governor says Wafi-Golpu agreement will contain risk funding provisions, internet cable breakages set to take months to fix, and superannuation fund puts pressure on government over rent arrears. The business news you need today.
The World Bank forecasts positive economic growth for Papua New Guinea, Trukai Industries gets ISO recertification. and new seafood holding and distribution facility to open in PNG. The business news you need.
Free trade agreement with China to be explored, Papua New Guinea’s Immigration and Citizenship Authority reactivates instant visas, and Port Moresby to get new tower development. The business news today.
Nadzab Airport in Lae reopens after ‘unexpected’ shut-down, PNGX get reconfirmation to operate as stock market, and spike in coffee prices benefits 2000 farmers in Morobe Province. The business news you need.
Papua LNG project to inject billions to Papua New Guinea’s economy, Prime Minister Marape welcomes Fortescue Future Industries representative to Port Moresby and the Pacific Marine Industrial Zone Project (PMIZ) will be rebranded.
Mineral Resources Enga signs ‘milestone agreement’ towards the reopening of the Porgera mine, negotiations for sale of Telikom PNG and Air Niugini to upgrade fleet. The business news you can’t miss.
COVID-19 test are no longer necessary for inbound passengers into Papua New Guinea, local company gets K62 million contract to project manage infrastructure projects and a coffee producer partners with the Australia’s Market Development Facility to establish a ‘revolving fund’. The news you need today.