The latest business news from Papua New Guinea and the region
PNG Power’s Managing Director Flagon Bekker has outlined the state-owned utility’s plans to improve the stability and reliability of power supply in Papua New Guinea during a special Business Advantage PNG briefing. He elaborated on what will be the largest ever investment in PNG infrastructure – the nation-building Ramu 2 hydropower project.
Negotiations for Twinza Oil’s Pasca A still ongoing, ANZ continues to waive fees for online transaction to 10 Pacific countries and Bank South Pacific implements a ‘no mask, no entry’ policy. The news in brief.
Businesses in Papua New Guinea should be looking to take advantage of cloud technology according to Paul Komboi, Chief Executive Officer of PNG DataCo. He said the technology is expected to be launched this year.
The COVID-19 crisis has forced companies in Papua New Guinea to find new ways of doing business. Matthew Care, Chief Executive and Founder of real estate portal Hausples, explains to Business Advantage PNG that his company has never been more innovative.
Papua New Guinea reported 295 new confirmed cases of COVID-19 on Friday and with more cases to be confirmed, the National Pandemic Controller has issued 12 new measures that come into effect today.
COVID-19 forces Papua New Guinea’s Ok Tedi Mining to shut operations, PNG Biomass Project decision due in later this year and Mendi Airport completion expected in October. Your business news summarised.
The Australia government is suspending passenger flights from Papua New Guinea to Cairns, one of a number of measures that will impact business travel between the two countries. Meanwhile, PNG is getting ready for further COVID-19 mitigation measures.
Credit Corporation, NGIP Agmark and Kina Asset Management release their 2020 financial year results. The latest business news in brief.
Bank South Pacific signals intention to achieve dual listing, National Fisheries Authority gets ready to launch its 10-year plan and Papua New Guinea says farewell to its founding father.
The delaying of negotiations over ExxonMobil’s proposed plan to develop the P’nyang gas field has led analyst Fitch Solutions to downgrade Papua New Guinea’s LNG export projections.