The latest business news from Papua New Guinea and the region
This year’s 6th PNG Games, to be held in Lae from 16 to 29 November, have undergone radical reforms, with an increased focus on national unity and establishing them as the pathway to regional and international competitions, according to Phil Franklin, Chairman of the Games Organising Committee.
More LNG trains likely for Papua New Guinea, Chamber of Commerce comes out in support of INA head, and gas-fired power may be coming to Port Moresby. The week’s business news in brief.
The national cabinet has approved the US $300 million (K829 m) development of the Stanley gas-condensate field in Western Province.
A new chairman at Indochine Mining and cabinet confirms the board of PNG DataCo.
World Bank loan for roads and agriculture, draft tax review released and rubber farming halts in Western Province. Our summary of the week’s business stories.
While businesses are open again in the centre of Honiara, Solomon Islands, after last week’s devastating floods, transport appears to be the main problem facing business owners.
A new chairman for PNG Power, new COO at Marengo Mining.
A budget deficit for Papua New Guinea but the ADB forecasts massive growth in 2015. Meanwhile, nickel production looks set to rise. The week’s business news in brief.
InterOil says it will strongly defend the recent deal it signed with French oil company Total SA involving the Elk-Antelope gas fields Gulf Province.
Business Advantage PNG’s exclusive annual survey of PNG’s major companies indicates that the Papua New Guinea economy is undergoing a contraction, although there is still significant confidence in its future.