News

In brief: Highlands Highway upgrade funding details still to be worked out, and other business stories

Prime Minister says funding details of Highlands Highway upgrade yet to be finalised, parliament considering outlawing roadblocks, and Telikom replaces CDMA network. Your weekly digest of the latest business news.
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‘Roller coaster ride’ is forcing gas players to aggressively pursue efficiencies says President of PNG Chamber of Mines and Petroleum, Gerea Aopi

Large scale gas projects suit multi-operators, says Gerea Aopi, President of the PNG Chamber of Mines and Petroleum. He tells Business Advantage PNG that this allows operators in Papua New Guinea to spread the fixed costs, which is one way that the industry is looking for productivity improvements.
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What’s on the agenda for Papua New Guinea business in 2017?

As Papua New Guinea business gets back to work, Business Advantage PNG looks at some of the issues coming up in 2017. It looks likely to be a year of preparing for better times.
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In brief: Vote on revised InterOil takeover bid in February, and other business stories

InterOil shareholders to vote on revised takeover bid by ExxonMobil in February, government debt rises in September quarter, Oil Search and Kumul Energy to evaluate proposed power projects. Your weekly digest of the latest business news.
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People moves: NASFUND, Australian Consul-General for Lae, EMTV, NZ High Commissioner, Japan’s Ambassador leaves, Port Moresby General Hospital, Porgera Chamber of Commerce and Industry, Geopacific Resources

NASFUND's new Chairman, Australia appoints Consul-General in Lae, EMTV loses CEO, a new NZ High Commissioner, Japan's Ambassador leaves, new Port Moresby General Hospital CEO, inaugural chairman of Porgera Chamber of Commerce, new board member at Geopacific Resources.
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Signs of real recovery as big money shows interest in large resource projects

Sovereign wealth funds, private equity and ‘mega-families’ are showing a growing interest in investing in large resource projects, according to Graham Smith, Global Leader Mining M&A at KPMG Corporate Finance in Australia. The PNG Mining and Petroleum Investment conference was told that investment, debt and equity markets are showing signs of improvement.
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In brief: BSP Chairman says dual listing on ASX ‘speculative’, and other Papua New Guinea business news

Papua New Guinea's largest bank considers dual listing, ADB outlook for PNG 'positive', and Santos restructures. Your weekly digest of the latest business news.
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