News

In brief: PM to launch construction phase of Pacific Marine Industrial Zone project, and other business stories

Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.
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In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories

Wealthy royal families' bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
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Five questions for: Arthur Lenoir, Leader of the French Trade Delegation to Papua New Guinea

The entry of the global French-based energy giant, Total SA, has prompted the first French-only trade delegation to Papua New Guinea, which will visit Port Moresby and Lae next week. Delegation Leader, Arthur Lenoir, explains the rationale for the trip to Business Advantage PNG.
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Reserve Bank Governor says Papua New Guinea has a lot to learn from Fiji about tourism

Despite being the biggest Pacific nation, PNG is lagging behind its neighbours, holding only 10% of the regional tourism market, says the Governor of the Bank of Papua New Guinea, Loi Bakani. And on a global scale, PNG ranks last in terms of benefitting economically from tourism.
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In brief: Treasurer says Papua New Guinea government showing responsible fiscal management, and other business stories

Treasurer Patrick Pruaitch denies Budget blowout, Kumul Petroleum to evaluate methanol plant and small rise in inbound tourism. Your weekly digest of the latest business news.
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Pacific International Hospital targets more affordable health services in Papua New Guinea

Pacific International Hospital, Papua New Guinea’s only private hospital offering advanced tertiary healthcare, continues to introduce medical treatment not previously available in the country at its new facility in Port Moresby. CEO Dr Amyna Sultan told Business Advantage PNG that the PIH is now focused on making this treatment more affordable for average families.
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Profile: Engineer’s passion to improve access to power in Papua New Guinea

For more than 30 years, Finkewe Zurecnuoc has been a trailblazer for female engineers in Papua New Guinea. The PNG Power board member is now focusing on using her professional experience to help improve accessibility to power in remote areas.
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In brief: Tolukuma gold mine sale to lead to restart of operations, and other business stories

Singapore company aims to recapitalise and restart Tolukuma gold mine, NPCP to contribute K450 million to Supplementary Budget, and PNG Defence Force ventures into business. Your weekly digest of the latest business news.
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