The late Sir Mick Curtain should be remembered for many of the infrastructure projects in Papua New Guinea that were undertaken over the last 50 years, according to Prime Minister, Peter O’Neill.
News
Increasing private sector involvement in Papua New Guinea’s state-owned enterprises (SOEs) would be a ‘powerful mechanism’ for improving the sector’s efficiency, according to a new report by the Asian Development Bank.
The potential for improved financial and other services delivered via the internet in Papua New Guinea is high, the nation’s top bankers tell Business Advantage PNG. But costs have to fall first.
Oil Search and ExxonMobil buy into gas licences in Gulf of Papua, Sir Mick Curtain, founder of Curtain Bros, dies, and trade disagreement with Fiji resolved. Your weekly digest of the latest business news.
Directors retire from Oil Search board, Kina Securities appoints a new non-Executive Director, and the new Vice-Chancellor of the University of Natural Resources and Environment arrives
Ongoing uncertainty in the resources sector has led Nautilus Minerals to seek refinancing to secure the delivery of its Solwara 1 mining project, located in Papua New Guinea’s Bismarck Sea. President and CEO Michael Johnston tells Business Advantage PNG there will be a delay in the delivery of the project.
Demand for residential houses among the growing urban population, especially in Port Moresby, has increased but the supply of quality and affordable houses has seen prices rise ‘exhorbitantly’, according to a new survey of the housing market by consultancy Niugini Land and Property.
With women’s sport gaining momentum around the world there have been few better times for Papua New Guinea to host the eighth FIFA Women’s Under 20 World Cup. Interest is growing.
Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.
The effect of the government’s proposed rice policy will basically ‘shut us down’, says Greg Worthington-Eyre, CEO of the country’s main rice importer and producer, Trukai Industries. His warning follows a prediction of price rises by the Independent Consumer and Competition Commission, and a warning by the Australian government the policy could breach WTO rules.