Bank South Pacific explores secondary listing on Australian Exchange, Highlands Pacific considers selling stake in Frieda River project and strategy to counter coffee berry borer due this week. Your weekly digest of the latest business news.
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The latest business news from Papua New Guinea and the region
Women in rural Papua New Guinea are keen to engage in agribusiness but many have traditionally struggled to take leadership roles. That is beginning to change, Curtin University researcher Dr Gina Koczberski tells Business Advantage PNG.
Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.
Peter Botten, Managing Director of Oil Search tells Business Advantage PNG that the company’s Papua New Guinea assets are ‘highly profitable’ despite the low prices. He says the company is focusing on developing a five year plan for ensuring sustainability, managing exploration and working with the community.
BCL talks with Bougainville government and landowners about re-opening Panguna, investors confident in PNG despite low global energy prices, and improvements on the way for Jacksons Airport. Your weekly digest of the latest business news.
Government plans to merge Telikom, bmobile and DataCo, Highlands Pacific Chairman says PanAust’s resignation requests amount to a takeover, and PNG LNG reports 25% increase in LNG. Your weekly digest of the latest business news.
The big mover this month was palm oil, which was up 20.5 per cent for the month according to Kina Securities. Oil prices have continued to hold up but LNG prices have eased. Business Advantage PNG’s monthly overview of commodity and financial markets.
InterOil shareholders have overwhelmingly approved a revised takeover bid from ExxonMobil, despite opposition from InterOil founder, Phil Mulacek.
Dual citizenship almost a reality, Wereh outlines the impact of climate change on road design and funding, and the cost to business of family violence revealed. Your weekly digest of the latest business news.
The Chief Executive of Papua New Guinea’s Ok Tedi mine, Peter Graham, tells Business Advantage PNG that the company is now in the top quartile of global copper producers. He says revised company estimates indicate the mine—for many years one of PNG’s major sources of foreign exchange—should have a longer life.