The PNG Government plans to rebuild the country’s military barracks by 2017, InterOil halts drilling at Wahoo-1, and Bank of South Pacific plans share buyback. Your weekly digest of the latest business news.
Latest news
The latest business news from Papua New Guinea and the region
A new Editor for Paradise Magazine, new Directors at Nationwide Microbank, and shake-up of Newcrest Mining executive team.
New land has been made available at Lae Nadzab Airport for growth of a supporting commercial business sector.
In brief: Government prepares to relocate Moresby port to Motukea Island, and other business stories
The national government prepares to buy Motukea Port from Curtain Bros, exports of LNG could double in five years and fuel prices fall. Your weekly digest of the latest business news.
A new marketing manager for Bmobile.
Papua New Guinea’s oil and gas sector has a new player after Singapore-based Puma Energy’s purchase of InterOil Corporation’s downstream business.
While the legal and political repercussions arising from Papua New Guinea’s ‘Parakagate’ anti-corruption enquiry are still being worked out in Port Moresby, social order appears to have been maintained so far. However, the controversy may indirectly affect the progress of some significant new legislation, including that required to establish the country’s Sovereign Wealth Fund.
The Papua New Guinea Government has endorsed an increase in the country’s minimum wage of 91 toea to K3.20 per hour.
A new MD for St Barbara, and a new Transport Minister.
InterOil Corporation has finalised a US$300 million loan, which it will use to explore the Eastern Papua Basin of Papua New Guinea.