This category can only be viewed by members. To view this category, sign up by purchasing Individual Subscription or Corporate Subscription.

In brief: ICCC says changes to electricity supply industry may affect Papua New Guinea’s electricity access goals

The ICCC Commissioner issues warning about 'complete chaos' with the National Electricity Authority Act, Treasurer gives hope to potential overseas workers, and Nasfund opens a service centre in Maprik. The business news you need today.
To access this post, you must purchase Individual Subscription or Corporate Subscription.

Read More

ICCC proposes to disallow Kina Bank’s acquisition of Westpac’s Pacific assets

In an interim determination, Papua New Guinea's Independent Consumer and Competition Commission (ICCC) says it may not allow Kina Bank to buy Westpac's remaining assets in the Pacific.
Read More

Oil Search and Digicel bids: is Papua New Guinea entering mergers and acquisitions season?

Australian telecommunications giant Telstra has been in negotiations to buy Digicel, Papua New Guinea's largest telco. Meanwhile, gas company Santos has been pursuing PNG's largest company, Oil Search. Why is PNG seeing such mergers and acquisitions activity, and are more likely?
Read More

In brief: Kina Bank’s new loan for SMEs in Papua New Guinea and other business stories

Kina Bank announces K50 million for small and medium-sized businesses, Prime Minister Marape’s update on mining projects, and BSP Financial Group cautiously optimistic about Papua New Guinea’s post-COVID recover. The business news you need today. Ports Atlas Steel PNG has been awarded a contract under the PNG Ports Safety and Security Upgrades Program to supply […]
Read More

Twinza Oil and Papua New Guinea Government conclude negotiations on Pasca A gas project

The Papua New Guinea Government and Twinza Oil have concluded negotiations on terms for Pasca A, PNG's first offshore gas project. While the terms are subject to approval by PNG's National Executive Council, a signed gas agreement is expected as soon as the end of this month.
Read More

BSP denies regulator’s anti-money laundering allegations

BSP Financial Group (BFL) has responded to allegations made by the Bank of Papua New Guinea's Financial Analysis and Supervision Unit (FASU) that it was in breach of the country's anti-money laundering laws. Meanwhile, the Bank of PNG's Governor has distanced the central bank from the allegations made by its own unit.
Read More

In brief: Freeport to acquire assets in Papua New Guinea and other business stories

Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.
Read More

In brief: More than a billion kina for ‘maritime infrastructure’ and other business stories

PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.
Read More