Construction of a new private wharf and boat ramp in Port Moresby will be completed by the end of the year, according to Karthik Pajjala, General Manager of Avenell Engineering Systems Ltd, the builders of the wharf.
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The latest business news from Papua New Guinea and the region
Bougainville leaders are considering lifting the moratorium on mineral exploration which has been in place since the 1970s, in case the Panguna gold and copper mine does not re-open.
Papua New Guinea citizens can now apply for visas to visit Australia online, part of a slow but steady improvement in immigration procedures between the two countries.
Air Niugini’s inaugural flight to Denpasar, Bali, is scheduled for 5 August 2013, as the airline seeks to extend its reach into the region.
The Institute of National Affairs’ (INA) five-yearly survey of businesses in Papua New Guinea shows that once again law and order stands out as the private sector’s top concern, closely followed by corruption.
Construction of the long-awaited Lae-Nadzab Road upgrade to a four-lane highway begins this month, after Prime Minister Peter O’Neill launched the project last week.
The work to create an Independent Commission Against Corruption (ICAC) for Papua New Guinea’s moves into the public arena this month.
Growth across the Pacific region is expected to slow slightly during 2013, with Timor Leste, Papua New Guinea and Nauru the outstanding performers, according to a mid-year review by the Asian Development Bank.
Following recent announcements that it will aim to reduce operating costs at its Papua New Guinea sites, Newcrest Mining Ltd will cut at least 150 jobs from its workforce at the Lihir gold mine.
Papua New Guinea must be more than an exporter of raw materials and must embrace innovation and new technologies to open up new business opportunities, according to the president of the Asian Development Bank, Takehiko Nakao.