Official date for the return of the writs extended in National Elections, Nasfund boss announces intention to retire, and the ‘super tax’ makes it to the Supreme Court. The business news you need today.
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 says ‘all we need is for a shareholders agreement’ to restart Porgera, Air Niugini outperforms Australian airlines, and Harmony Gold indicates Wafi-Golpu’s negotiations continue to progress. The business news you need.
The Bank of Papua New Guinea has increased the Kina Facility Rate, Prime Minister Marape welcomes Telstra, and Phase II of the Central Banking Act gets green lighted. The business news you need today.
Kingston Resources announces strategic review of Misima gold project, Digicel takes PNG Government to court as Telstra takes control, and direct flights to Fiji and Solomons return. The business news you need today.
The World Bank announced new program and generous funding for Papua New Guinea agriculture sector, call centre launched for the 2022 elections and the Civil Aviation Development Investment Program eyes phase 2. The business news you need today.
Calls for the reopening of Porgera gold mine and compensation, BSP Financial Group Ltd files a Supreme Court reference on new income tax, and Lae City to get a new market. The business news you need.
The Asian Development Bank and partners join forces for multimillion electricity project in Papua New Guinea, the Mineral Resource Authority stops field operations temporarily and new plan to help the copra industry against pest. The business news your need today.
MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.
Pacific nations, including Papua New Guinea, have declined signing a deal with China, Papua New Guinea Customs expects losses of K200 million and Ihu SEZ commences second phase and gathers interest from several countries. The business news your need.
New data-driven system to help rural areas get electricity, coffee producer strikes international deal, and Port Moresby’s airport to get new baggage screening system. The news you need today.