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.
Latest news
The latest business news from Papua New Guinea and the region
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.
A deliberate and surprise move by MPs and Ministers to the Opposition last Friday may foreshadow the end of the 18-month-old Marape Government in Papua New Guinea.
A study of retirement funds in the Pacific suggests Papua New Guinea’s superannuation funds should diversify their investments more. It also says COVID-19 has had an effect on the funds’ liquidity.
Air Niugini’s inflight magazine, Paradise, has won the award for the best inflight magazine in Oceania in this year’s prestigious World Travel Awards.
Marape launched the Agriculture Medium Term Development Plan 2020 -2022 and committed K50 million to the sector, the PNG Electrification Partnership makes progress and Misima gold project takes first steps towards environmental approvals. The business news you need to kickstart your week.
Horizon Oil has announced that it is selling its assets to its co-venturer Arran Energy and pulling out of Papua New Guinea. The prospect of a weak oil price may be to blame, according to one analyst.