The latest business news from Papua New Guinea and the region
The prospect of instantaneous settlements on Papua New Guinea’s stock exchange, PNGX, has moved a little closer with a new agreement to explore blockchain technology to support its trading system. PNGX Chairman David Lawrence tells Business Advantage PNG the technology could ‘turbocharge’ PNG’s capital markets.
Kumul Petroleum Holdings has been working non-stop to assist the National Government reach its goal of connecting 70 per cent of Papua New Guinea’s population to electricity within the next eight years. Here’s how it’s advancing.
The Asian Development Bank and partners join forces for multimillion electricity project in Papua New Guinea, the Mineral Resource Authority stops field operations temporarily and new plan to help the copra industry against pest. The business news your need today.
MRA head says Wafi-Golpu mine negotiations are in their ‘final leg’, fuel prices expected to increase and coffee prices expected to drop. The business news you need this morning.
While the Papua LNG and P’nyang projects are the main game in Papua New Guinea’s gas sector, Arran Energy’s smaller Stanley gas project in Western Province looks set to beat both into production. Business Advantage PNG talks to Executive Chairman Michael McGowan to find out more.
China reaffirms its commitment to supporting the development of the Ihu Special Economic Zone, Vanimo Airport officially reopens, and Ok Tedi Mining to open a museum to highlight its history and legacy. The business news you need this week.
The future of the proposed new gold mine on Papua New Guinea’s Woodlark Island remains in question, as Geopacific Resources looks to reset expectations surrounding the project and explores the possibility of a ‘corporate or asset-level’ sale.
Pacific nations, including Papua New Guinea, have declined signing a deal with China, Papua New Guinea Customs expects losses of K200 million and Ihu SEZ commences second phase and gathers interest from several countries. The business news your need.
Infrastructure funding aimed at climate change mitigation and a new Pacific Engagement Visa are among the expected initiatives from the new Australian government elected last weekend.
New data-driven system to help rural areas get electricity, coffee producer strikes international deal, and Port Moresby’s airport to get new baggage screening system. The news you need today.