The latest business news from Papua New Guinea and the region
Funding the re-opening of the Panguna copper mine is a key concern for a newly-formed Joint Committee of landowners, BCL and governments, says Bougainville Governor, John Momis. Independent analysts believe it is likely to come from one of the global mining majors.
A simulated gas processing plant has arrived in Port Moresby for use at the new Kumul Petroleum Academy, and is due to begin operating by September.
Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.
Five years after opening the first of three Duffy’s cafés in Port Moresby, owner and entrepreneur Travers Chue is preparing to expand overseas, marketing not just Papua New Guinea specialty coffee, but premium health products.
The Kokoda Track Foundation (KTF) is pressing ahead with an urgent training project to improve the skills of thousands of elementary school teachers across Papua New Guinea.
Broadband network to be completed by the end the year, Oil Search concludes five-year credit agreement and ADB approves funding Highlands Highway project. Your weekly digest of the latest business news.
It has been a patchy month for energy prices and precious metals, while agricultural prices have been sharply weaker. Business Advantage PNG’s monthly review of Papua New Guinea commodities and financial markets.
Syd Yates, Chief Executive of Kina Securities, has announced that he will relinquish the role next month after 20 years with the company, with Westpac’s Greg Pawson joining the company. Yates tells Business Advantage PNG he believes it is time for new blood.
Four new Knights are among 80 Papua New Guineans recognised in the 2017 Queen’s Birthday Honours Awards.
Work on the ‘most critical’ 90-kilometre section of the Highlands Highway will begin later this year, under an ambitious 10-year repair and maintenance program, funded by the Asian Development Bank. Works Secretary David Wereh tells Business Advantage PNG, he is already looking to use the funding model to ‘fix’ 16 High Priority roads in other parts of the country.