Latest news

Last week’s eruption of the Tavurvur volcano at Rabaul has failed to daunt the spirits of tourists visiting the area, according to local tourism operator, Susie McGrade.

The Papua New Guinea economy faces a conundrum: how to finance deficit spending as cheaply as possible. ANZ analysts suggest a global bond issue as a solution. At the same time, ANZ CEO Mike Smith urges a national discussion about how to capitalise on the Asian Century.

By opening a high-end hotel and corporate function centre targeting business travellers, TST Group of Companies is taking advantage of the need for more of these facilities in Port Moresby.

Japan funding K2 billion for roads and bridges, the National Executive Council prevents PNG Power from defaulting on overdraft and PanAust buys 80% share of Frieda River project. Your weekly digest of the latest business news.

Cashed up after the completion of several recent deals, oil and gas company InterOil Corporation has widened its exploration focus to include up to 40 promising new targets.

Crime and violence slowing business growth, Robusta coffee production to be boosted, and women’s bank launched

A new Chairman at InterOil, a new Transport Minister and Community Development Minister, and a new board Chairman for PNG Microfinance.

September’s Papua New Guinea Advantage Investment and Infrastructure Summit looks like being the largest ever, with delegate registrations up and a very strong roster of high profile speakers, say organisers.

Bougainville’s Autonomous Government moves closer to issuing mining licences, tuna stocks down to 16% of original size and foreign shareholding of NNBPOL won’t exceed 49 per cent. Your weekly digest of the latest business news.

Papua New Guinean to head up Forum secretariat, major board changes for Indochine Mining, and new senior executives at Marengo Mining.