When social media gets shut down; what next for Total; and a proposed merger of two seafood companies. Your weekly digest of the latest business news.
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The latest business news from Papua New Guinea and the region
Establishing a business on a Papua New Guinea island is a difficult challenge. But Robert Critchley, owner of cocoa and copra supplier, Sankamap Exports, describes how it can be done.
Papua Mining has been drilling in Papua New Guinea for six years and has some exciting prospects, according to Chief Executive David Price. He says the company is looking to grow aggressively—possibly in partnership with a larger player.
Oil and gas prices are rising but cocoa and silver are weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
The Managing Director of ANZ Papua New Guinea, Mark Baker, has said the foreign exchange restrictions are not likely to ease until a major new resources investment comes in. But in the interim he believes the Government is connecting well with business.
A possible rice deal with the Philippines; developments in gas sales; and landowner issues. Your weekly digest of the latest business news.
Major infrastructure upgrades, visits to Papua New Guinea’s region, and increased efforts to liberalise trade across the region are part of this year’s APEC Leaders’ Meeting in Port Moresby. Officials claim that the nation will be well prepared to benefit from hosting the event.
The proposed Wafi Golpu mine will contribute to the diversification of Papua New Guinea’s economy, according to Craig Jones, Executive General Manager Wafi Golpu at Newcrest Mining. He told the Australia Papua New Guinea Business Forum in Brisbane that, if the project gets the go-ahead, it will help local agriculture.
The Managing Director of Kumul Petroleum Holdings (KPH), Wapu Sonk, believes a ‘step change’ is needed in the electrification of Papua New Guinea. He argues that some gas production should be reserved for domestic production.
Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.