The Port Moresby Stock Exchange will lose a major member next week, with the de-listing of New Britain Palm Oil (NBPOL). Meanwhile, another listed stock, Indochine Mining, has gone into voluntary administration.
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The latest business news from Papua New Guinea and the region
Papua New Guinea’s potential as a market for ice cream will be put to the test when Laga Industries completes a significant expansion of its Gala manufacturing facilities in Lae later this year.
The President of the Australia–Papua New Guinea Business Council says his members have expressed concern to Prime Minister they are unable to source enough foreign currency.
Papua New Guinea’s central bank has moved to stop offshore foreign banks, which don’t operate in PNG, from foreign exchange trading in the Kina.
Australians and Pacific Islanders living in Australia will be able to watch the 2015 Pacific Games in the comfort of their own home, after the Games Organising Committee awarded the Australian broadcast rights to the National Indigenous Television (NITV).
A new Chairman for Santos, the Director of the National Research Institute to stand down, the CEO of the PNG Rugby League quits.
Joint venture elects Total as operator, PNG DataCo discusses Solomon Islands link, and WCB Resources lifts stake in gold project. Your weekly digest of the latest business news.
New board members for New Britain Palm Oil, a new Chief Investment Officer at Nambawan Super, and a new Chairman at the Post-Courier.
LNG focus for Oil Search, ANZ warns on debt risk, and Barrick plans to offload Porgera mine. Your weekly digest of the latest business news.
Papua New Guinea’s Parliament is likely to approve establishing the long-awaited Sovereign Wealth Fund by June, after unanimously voting for its enactment at its first reading last week.