Latest news

Kina Group is set to become Papua New Guinea’s fourth retail bank, when it takes over the Malaysian-owned Maybank (PNG) in late July, ahead of a possible stock market listing.

Moody’s lowers Papua New Guinea rating outlook, Australians banned from Bougainville, and PNG to commence free trade talks with China. Your weekly digest of the latest business news.

Australia’s Trade and Investment Minister, Andrew Robb, has called for a ‘collaborative approach’ with Papua New Guinea to take advantage of rising global demands for food, energy and water.

The Manufacturers’ Council has described the ban on some uncooked poultry products from Australia as ‘premature’, and called for the ban to be lifted.

  The International Court for the Settlement of Investment Disputes has declined to hear PNG Sustainable Development Program’s claims against the Government of Papua New Guinea. PNGSDP was seeking restitution of the 63.4 per cent…

To expand its local sourcing footprint SP Brewery has launched a new project with the Papua New Guinea Government to develop cassava farms that will provide ingredients for beer manufacturing.

Registrations are now open for the 2015 Papua New Guinea Advantage Investment Summit, to be held at the Brisbane Convention and Exhibition Centre in Brisbane, Australia on 27 and 28 August.

Business Advantage PNG’s exclusive annual survey of Papua New Guinea’s major companies indicates a change of mood after a disappointing 2014, with profit and recruitment expectations up for the year ahead.

Bougainville Copper to seek formal acknowledgment of Bougainville mining rights, Post PNG pays first dividend, and low-cost ‘squatter’ housing project in Fiji. Your weekly digest of the latest business news.

As the Papua New Guinean Government prepares to present a state of emergency report on the country’s electricity services, the it has stepped in to make major changes to the way state utility PNG Power Ltd is managed to make it ‘more corporate oriented’.