Papua New Guinea’s government is seeking K974 million from the Asian Development Bank, Australia to earn negligible royalties from its oil and gas assets, and Newcrest describes conditions as ‘tough’ in PNG. Your weekly digest of the latest business news.
A new report outlines ways to improve PNG’s internet services, PNG Power to ask for profits to be reinvested in equipment and PM calls for more PPPs in tourism. Your weekly digest of the latest business news.
Peter Botten joins AGL Energy board, Cameron Mackellar becomes Chief Executive at the Brian Bell Group.
The downturn in the Papua New Guinea economy has put pressure on the shipping sector. But Jamie Sharp, Chief Executive of coastal shipping company Bismark Maritime tells Business Advantage International that the market is flattening out.
A new initiative aimed at improving standards across Papua New Guinea’s security industry is being welcomed as a significant step forward.
Loi Bakani, Governor of the Bank of Papua New Guinea has presented his Economic Outlook. It contains a few surprises.
The holding company for Papua New Guinea’s state-owned enterprises, Kumul Consolidated Holdings, is making its first foray into agriculture, establishing a joint venture in East Sepik Province with Israel’s L R Group.
Eighty per cent of Interoil shareholders approve of ExxonMobil’s takeover bid, PNG economy to grow by two-to-three per cent, and plans for a new shipyard in Madang. Your weekly digest of the latest business news.
Oil prices remain strong, but gas prices continue to move sideways. Silver continues to surge and gold prices are strong over the year. Business Advantage PNG’s monthly overview of commodity and financial markets.
Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news.