JMP Securities has acquired Bank South Pacific’s stockbroking business in Papua New Guinea. Co-founder and Managing Director Lars Mortensen tells Business Advantage PNG he sees great opportunity for growth.
Latest news
The latest business news from Papua New Guinea and the region
The United States and PNG working on trade and investment framework, Supreme Court rules Marape legally elected and Morobe Provincial Government to be first provincial government to engage directly in alluvial mining. The business news you need to kickstart your week.
Papua New Guinea’s tourism, manufacturing, retail and agriculture should be the main targets for further government support, contends Douveri Henao, Executive Director of the Business Council of Papua New Guinea. He also reveals the sectors that had received the biggest boost during the COVID-19 crisis.
Oil and cocoa prices soar while the LNG price stabilises. Business Advantage PNG’s monthly overview of commodity and financial markets.
Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.
Tourism has been one of the biggest hit sectors in the current pandemic taking a global hit worth over $460 billion across the world. The 2020 National Tourism Industry Forum aims to help the troubled industry.
Parliament sat briefly and unexpectedly yesterday to pass the 2021 National Budget legislation after Speaker Job Pomat ruled that last Friday’s surprise adjournment was illegal. It may not sit again until April 2021.
Papua New Guinea’s business community now has a new tool for doing business in the country: a user-friendly new online business directory.
Parliament passed six key pieces of legislation that allow the Papua LNG project to move forward, Australia’s Prime Minister cancels his trip to Papua New Guinea and cocoa farmers in East Sepik Province ready to benefit from new project. The business news you need to kickstart your week.