Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. 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.
Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
Dual citizenship almost a reality, Wereh outlines the impact of climate change on road design and funding, and the cost to business of family violence revealed. Your weekly digest of the latest business news.
‘More jobs to go’ warning if business continue to rationalise, O’Neill says $S300m loan to be used foreign exchange, Australia funding APEC 2018 to fend off China. Your weekly digest of the latest business news.
China wants extra loan to fund PMIZ, unions concerned about housing tax on employees, Bank PNG questions accuracy of IMF economic report. Your weekly digest of the latest business news.
Prime Minister says funding details of Highlands Highway upgrade yet to be finalised, parliament considering outlawing roadblocks, and Telikom replaces CDMA network. Your weekly digest of the latest business news.
InterOil shareholders to vote on revised takeover bid by ExxonMobil in February, government debt rises in September quarter, Oil Search and Kumul Energy to evaluate proposed power projects. Your weekly digest of the latest business news.
Papua New Guinea’s largest bank considers dual listing, ADB outlook for PNG ‘positive’, and Santos restructures. Your weekly digest of the latest business news.