Acting Managing Director Carolyn Blacklock has resigned from state-owned utility, PNG Power. The announcement comes with the state-owned utility on the cusp of launching a new ‘reform agenda’.
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The latest business news from Papua New Guinea and the region
Proposed changes to the Mining Act are likely to go to Papua New Guinea’s Cabinet ‘in the next few weeks,’ according to Peter Graham, Managing Director of Ok Tedi Mining.
The gas price has increased over the last month, but the oil price has weakened. Cocoa and coffee prices are also down. Business Advantage PNG’s monthly overview of commodity and financial markets.
The two-day 2019 Business Advantage Papua New Guinea Investment Conference concluded yesterday in Sydney and is being hailed as a success. We report from the annual event.
Papua New Guinea’s Minister for Commerce and Industry, Wera Mori, outlined an ambitious plan to boost Special Economic Zones and attract foreign direct investment to PNG at the 2019 Business Advantage Papua New Guinea Investment Conference. Here’s what you need to know.
Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.
Sixty per cent of households in Papua New Guinea are now using solar energy, compared with just two per cent seven years ago, according to a recent International Finance Corporation report. What’s driving this extraordinary growth? asks Kevin McQuillan.
Currently, the only way of bringing bulk agricultural produce out of Papua New Guinea’s fertile Highlands is down the Highlands Highway to the port city of Lae. A new study has identified a faster second route—through Gulf Province. Business Advantage PNG investigates.
Prime Minister Marape asks China to consider a Free Trade Agreement with Pacific island countries; Kumul Consolidated Holding reveals construction plans for Port Moresby, and an agreement has been reached to recommence the Carbon Trading Project in East Sepik Province. Your weekly digest of business news.
What the Mid-Year Economic and Fiscal Outlook reveals about Papua New Guinea’s international debt standing and foreign exchange markets.