A new NZ Trade Commissioner, a new Fiji Trade Commissioner and the CEO of ANZ Bank to step down
News
A decision on who will build a second K300 million berth at the Port of Lae is expected by the end of 2015 and construction due to commence in 2016, according to PNG Ports’ Chief Executive Officer, Stanley Alphonse. A new industrial park and an international operator for the port is also on the cards.
The CEO of Telikom PNG predicts all Papua New Guinea will be able to connect to the Internet within two years. In a wide-ranging review of PNG’s telecommunications industry, Michael Donnelly canvasses lower prices, new investment, takeovers and the impact of competition policy.
Papua New Guinea’s APEC 2018 Coordination Authority is on track to deliver its budget for the 2018 event later this year, with interim CEO Christopher Hawkins saying it will highlight the opportunities the business sector can capitalise on.
Port Moresby load shedding after shortfall in generation capacity, NRL rights deal kicks Telikom’s purchase of EMTV into touch, Eastern Highlands coffee producers may switch to robusta. Your weekly digest of the latest business news.
Figures presented by the Investment Promotion Authority at the PNG Advantage Investment Summit show a ten-fold increase in investment from foreign companies in Papua New Guinea over the past decade.
Australia’s Woodside Petroleum has launched an A$11.65 billion (K22.83 billion) offer for one of Papua New Guinea’s largest companies, Oil Search Ltd. It’s the latest in series of moves that has seen several PNG gas-related assets change hands in the past year.
Gas projects in Papua New Guinea are extremely viable, despite the downturn in oil and gas prices, the Managing Director of Oil Search, Peter Botten, has told the 2015 PNG Advantage Investment Summit in Brisbane.
The Papua New Guinea government will cut K1.6 billion in expenditure from its 2015 Budget, and may seek further cuts of K1 billion, according to Treasury Secretary, Dairi Vele.
A new Executive Vice-President and a new board member at InterOil, and Steamships appoints a new Non-Executive Director.