Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.
Latest news
The latest business news from Papua New Guinea and the region
Harmony Gold Mining is evaluating options to extend the life of the Hidden Valley mine in Papua New Guinea, Harmony’s CEO for South East Asia, Johannes Van Heerden tells Business Advantage PNG.
Oil Search has cut its 2019 capital spending budget, delays in the Wafi-Golpu project has lead to job loss, and Bank South Pacific reports liquidity in Papua New Guinea’s banking sector has decreased. Your weekly digest of business news.
Kumul Consolidated Holdings has released the 2018—and 2019 first quarter—financial results for Papua New Guinea’s state-owned enterprises. Business Advantage PNG investigates.
PNGX, Papua New Guinea’s renamed stock exchange, has announced proposals to establish trade in government and private debt. It may lead to a significant deepening of the PNG financial system. David James reports.
Papua New Guinea’s stock exchange changes its name, Oil Search signs MoU to help sustainable agriculture, and PNG Power reviews financial reporting. Your weekly digest of business news.
The A$2 billion Australian Infrastructure Financing Facility for the Pacific aims to significantly boost Australia’s support for commercial infrastructure development in Papua New Guinea and Timor‑Leste. David James takes a closer look.
The World Bank and the Papua New Guinea Business Council seem to agree on the areas that need strengthening to help Papua New Guinea’s economy thrive. The difference, however, is that one of them also includes the creative industries. David James compares both lists and analyses what they mean for the country and its future.
PNG Air, PNG’s second domestic airline, is about to commence a new codesharing agreement with Virgin Australia. CEO Paul Abbot updates Business Advantage PNGon the agreement and the airline’s plans for the future.
Papua New Guinea’s Immigration and Citizenship Authority has developed a new online visa system and has changed the rules for business visitors to the country. Here’s why the changes were made and what business travellers to PNG can do to avoid delays.