In direct response to the ongoing disruption of fuel supplies in Papua New Guinea, Petroleum Minister Kerenga Kua has declared an extraordinary 30-day State of Emergency.
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The latest business news from Papua New Guinea and the region
Energy regulator announces an increase in power prices to support the rehabilitation of PNG Power, Nambawan Super threatens to lock out its government tenants and Wafi-Golpu negotations continue. Your business news in a nutshell.
Kumul Petroleum’s plan to manufacture large-scale infrastructure components for major resources projects in Papua New Guinea has taken a major step forward, following the signing of construction contracts for a US$100 million (K358 million) fabrication facility outside Port Moresby.
The recent visit by Indonesian President Joko Widodo to Papua New Guinea is a sign of increased interest in boosting the trade relationship with PNG’s closest neighbour. Business Advantage PNG examines the business case.
After over three years’ closure, the final formalities required to reopen the Porgera gold mine in Papua New Guinea’s Enga Province are now being processed under the supervision of the Mineral Resources Authority. Business Advantage PNG spoke to the MRA’s Managing Director, Jerry Garry, for an update.
Ahead of registrations for early works contracts on Papua LNG closing, the Institute of Banking and Business Management’s CEO Susil Nelson-Kongoi walked Business Advantage PNG through recent developments
Puma Energy head asks for help with foreign exchange to avoid fuel shortages, new World Bank report calls for reforms in PNG, Harbourside South development nears completion. Your business news in brief.
Air Niugini’s ambitious 15-year fleet plan will improve efficiency, reliability and allow new international routes to be added.
Reforms to Papua New Guinea’s capital markets, Securities Commission of PNG to investigate the potential sale of minority stake in Trukai Industries, and Newmont and Newcrest told of government’s expectations. Your news in brief.
The Papua New Guinea kina is starting to experience a very gradual erosion against its key trading currency, the US dollar.