Bank South Pacific’s new BSP Pay service is launched this month with a view to helping MSMEs reach its 1.8 million customers online.
Latest news
The latest business news from Papua New Guinea and the region
The Business Council of Papua New Guinea has present its latest macroeconomic outlook, which outlines the risks faced by PNG’s economy and what business needs to recover from the COVID-19 downturn.
The Asian Development Bank approves a multi-million kina investment in telecommunications in Papua New Guinea, Investment Promotion Authority looks to make doing business easier, and Fortescue Metal Group announces plans for hydropower projects in PNG. The business news you need to kickstart your week.
Australia’s national cabinet has agreed to reopen its Pacific Labour Scheme, Ok Tedi is confident mine to reopen, and concern over COVID-19 funding. The business news you need to kickstart your week.
Papua New Guinea’s government has moved to effectively take over the Porgera gold mine in Enga Province by issuing a Special Mining Lease to state-owned mining company, Kumul Minerals Holdings. Legal challenges look likely.
LNG prices have surged clawing back earlier losses, while the oil price is steady and cocoa is also strong: Business Advantage PNG’s monthly overview of commodity and financial markets.
When it comes to Papua New Guinea’s resources sector, the government wants a better share of the rewards, but the industry is warning that the country is becoming a less attractive destination for investment.
Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.
In a development that will give heart to the country’s mining sector, Papua New Guinea’s government has granted a 20-year mining lease to Mayur Resources’ US$350 million (K1.125 billion) Central Cement and Lime Project in Papua New Guinea’s Central Province.
Secretary of the Department of Land and Physical Planning, Benjamin Samson, talks to Business Advantage PNG about how his department’s move into e-government might increase revenue and make life easier for business.