The minimum wage in PNG will rise to K3.50 an hour from 1 July, from the current rate of K3.36.
News
New Chief Executives for Advance Cairns
Finance minister Marape says PNG economy ‘doing well’, European Investment Bank invests in PNG for first time in 21 years and Memorandum of Agreements to be presented for seven copper and gold mines. Your weekly digest of the latest business news.
The Bank of Papua New Guinea recently released its December 2015 Quarterly Economic Bulletin, which provides a snapshot of the nation’s economic and financial performance over 2015. Business Advantage PNG provides five key insights.
Traditionally a producer of beverages, spirits, liquors, juices and coffee, Vitis Industries is now producing its own range of beers. Already two are on the market, with another five about to go on sale.
Bank of Papua New Guinea negotiating with ‘partners’ about foreign exchange, Oil Search to address competition issues and Travel Air to resume operations. Your weekly digest of the latest business news.
New directors appointed at KPMG PNG, Indochine Mining, and a retirement at Nautilus Minerals.
Financial institution Moni Plus is preparing to list on the Singapore Stock Exchange. Managing Director David Kelso tells Business Advantage PNG that the company intends to expand its shareholder base and move into new markets.
Moody’s recently downgraded its sovereign rating on Papua New Guinea to B2 from B1. But Christian de Guzman, a Senior Analyst in the Sovereign Risk Group for Moody’s Singapore tells Business Advantage PNG that the agency is ‘quite confident’ about the overall economy’s prospects over the medium-term.
A new board at K92 Mining, Director re-elected at Kina Securities, new CFO at ANZ , Melbourne