Capital raising launched by Santos, Australia to provide drought relief for Papua New Guinea and National Fisheries Authority secures South Korean contract. 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.
Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.
Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.
Singapore company aims to recapitalise and restart Tolukuma gold mine, NPCP to contribute K450 million to Supplementary Budget, and PNG Defence Force ventures into business. Your weekly digest of the latest business news.
Chief Secretary indicates SABL leases will be returned soon, and Woodside CEO says Oil Search bid his ‘full price’. Your weekly digest of the latest business news.
Redundancies at Petromin Holdings ahead of restructure, LNG price slump may go further, and Santos confident its share price will rise. Your weekly digest of the latest business news.
Analysts predict Woodside will up its takeover offer for Oil Search, Business leader estimates K1.5 billion in foreign currency waiting for processing, and NZ re-opens its trade office in Port Moresby. Your weekly digest of the latest business news.
Port Moresby load shedding after shortfall in generation capacity, NRL rights deal kicks Telikom’s purchase of EMTV into touch, Eastern Highlands coffee producers may switch to robusta. Your weekly digest of the latest business news.
O’Neill indicates government may open up petrol supply market, Australia questions if vegetable import ban breaches global trade rules, and plans for an 800,000 hectare forest in Western Highlands. Your weekly digest of the latest business news.