Potential new owner for the Yandera copper project, proposed levy for balsa wood and BSP Financial Group halts trading on the ASX amidst accusations of breaches to anti-money laundering laws. The business news in brief.
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The latest business news from Papua New Guinea and the region
Registrations are now officially open for the 2021 Business Advantage Papua New Guinea Investment Conference and the provisional program has been released. The digital conference will take place from 7 to 9 September 2021.
PNG Ports announced a K1.1 billion partnership with Australia for maritime infrastructure, Geopacific Resources gets funding for Woodlark Island gold mine and new training program for SMEs. The business news in brief.
Vaccination against COVID-19 will now be a requirement for many travellers, after stricter new rules were released last week in Papua New Guinea to tackle the more dangerous Delta strain of the virus. Here’s a summary of the new requirements.
The World Bank has approved US$100 million (K352 million) in concessional funding to support Papua New Guinea in its response to COVID-19, and ‘lay important foundations for a sustainable recovery’. The funding will not be without risk, however.
PNG Power workers protest lack of consultation and transparency, China delivers 200,000 doses of the Sinopharma vaccine to Papua New Guinea and Kina Asset Management Limited presents its annual report.
BSP Financial Group Limited responds to accusations, Air Niugini temporarily suspends flights to Cairns and Memorandum of Understanding signed to boost green finance initiatives.
The imminent upgrade of defence facilities on Papua New Guinea’s Manus Island should provide significant opportunities for local business and labour, according to Australia’s Department of Defence. But the selection requirements are likely to be demanding.
The holy grail of a combined online application process for both visas and work permits is on its way, according to Papua New Guinea’s Chief Migration Officer, Stanis Hulahua. The move is one of a number of innovations planned to improve international labour mobility.
The Asian Development Bank and ATH partner to develop a new mobile broadband telecommunications network in Papua New Guinea, the National Airports Corporations partners with the Fly River Provincial Government and PNG to redevelop the meat industry. The business news in brief.