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.
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The latest business news from Papua New Guinea and the region
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.
Papua New Guinea’s longest-established and most widely-read magazine, Paradise, the in-flight magazine of Air Niugini will return in September.
Two new reports indicate business in Papua New Guinea and Pacific is proving resilient as the region looks to move on from the COVID-19 pandemic. A new economic report from ANZ paints a bullish picture of the future, while Pacific SMEs are predicting increased revenues.
Papua New Guinea’s national stock exchange partners with the International Finance Corporation (IFC), Prime Minister Marape calls for peace and order during the elections, and Telikom PNG warns about disruptions in services.
Recently released data from Papua New Guinea’s central bank indicates the country’s economy bounced back significantly in the September 2021 quarter on the back of a massive increase in export receipts due to higher commodity prices. While private sector employment and sales also rose, the bank warns inflation is also on the march.
The Panguna Mine Landowner Clan Chiefs and the Autonomous Bougainville Government (ABG) agree to create a new entity to redevelop the Panguna mine, Telstra’s acquisition of Digicel PNG on track, and Papua New Guinea launches its National Employment Policy. The business news you need today.