Papua New Guinea’s national stock exchange partners with the International Finance Corporation (IFC), Prime Minister Marape calls for peace and order during the elections, and Telikom PNG warns about disruptions in services.
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.
The Panguna Mine Landowner Clan Chiefs and the Autonomous Bougainville Government (ABG) agree to create a new entity to redevelop the Panguna mine, Telstra’s acquisition of Digicel PNG on track, and Papua New Guinea launches its National Employment Policy. The business news you need today.
Plans for a new gas-fired power plant in Hela, Digicel rejects tower sharing, and the IPA signs a memorandum of understanding with the Immigration and Citizenship Authority. The business news you need today.
BSP Financial Group announces Q1 results, Qantas Airways resumes flights to Papua New Guinea and Lole Mining gets mining lease for ambitious project in Central Province. The business news you need today.
NICTA clears path for the acquisition of Digicel PNG by Australian telco giant Telstra, Barrick and Papua New Guinea sign new Porgera shareholders’ agreement, and SP Brewery celebrates 70 years in Papua New Guinea. Your round-up of recent business news.
Nasfund reports record profits and all-time highs in its annual report, Nambawan Super launches two new products and announces positive results for 2021, and the ICCC revokes its authorisation for PNG Air–Link PNG deal. The business news you need today.
The World Bank has released its economic update on Papua New Guinea, superannuation funds reject bank levy, and SNT Chair says Porgera will reopen next month. The business news you need today.
Papua New Guinea’s State Negotiation Team Chairman says Porgera mine could open in April and confirm the Team is also working on Wafi-Golpu, Air Niugini resumes in-flight catering and the Japanese Government donate funds for infrastructure projects. The news you need today.
Green light for Telstra’s acquisition in Papua New Guinea, Newcrest posts disappointing six month results and flights to Lihir Island resume. The business news your need this week.
Tourists can now come into PNG again following a major change to Papua New Guinea’s pandemic measures, NICTA clarifies potential price reductions and licence for Feni Island project is renewed. The business news you need today.