Latest news

Government ministers and influential economic analysts have welcomed the recent fall in the value of the kina, saying it will boost demand for exports.

Four new mines to come on stream within 10 years, Corruption Commission next year and other local and regional stories.

Bank of South Pacific says it will be closely monitoring next week’s Budget for any opportunities to get involved in infrastructure development, after posting an after-tax profit of US$ 40.4 million (K105 million) last quarter.

Interoil expects to announce a ‘major transformational deal’ by the end of 2013 to develop the Papua New Guinea’s second LNG plant, according to recently appointed CEO Michael Hession.

Bank governor unfazed by kina fall, O’Neill welcomes Chinese investment, Morauta says deportation indicates climate of fear, and other local and regional stories.

Among our stories this week: the PM backs Purari River, National Roads Authority chief outlines Papua New Guinea’s roads challenge and a new INA report outlines impediments for the private sector.

Standard & Poor’s ratings agency has maintained its year-long rating of Papua New Guinea’s economy as stable, but has some concerns.

The entry of PanAust—a new player in PNG’s mining sector—is good news for the giant Frieda River gold and copper mining project in East Sepik Province. The move has also been welcomed by analysts.

The O’Neill government seeks legal advice on the Nautilus ruling and other local and international stories.

The great untapped investment area in Papua New Guinea is infrastructure, according to Syd Yates, ‎Executive Director of investment fund Kina Asset Management Limited (KAML).