Latest news

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.

The Managing Director of St Barbara steps down and a new Attorney-General.

While Papua New Guinea-related businesses are divided on the impact of a stronger kina, all agree it will have some effect on their business, according to Business Advantage PNG’s poll.

The Bank of Papua New Guinea’s move to strengthen the value of the Papua New Guinea kina against the US dollar has taken business by surprise, with some business leaders saying it will impact on primary industry producers.

Developing Papua New Guinea’s national infrastructure will be a key focus of the major business event taking place in Papua New Guinea this year: the 2014 Papua New Advantage Investment and Infrastructure Summit.

Last week, the Papua New Guinea’s central bank acted to raise the value of the nation’s currency against the US dollar by around 20%. What affect will that have on your business? Tell us in this special poll.

The Bank of Papua New Guinea this week made a surprising move to support a weakening currency, at the same time acting to restrict the margins being made by the country’s foreign exchange dealers.

A new CEO for the PNG Chamber of Commerce and Industry, a new Chief Operations Officer for Water PNG and changes to Cue Energy’s board.