Air Niugini is looking to expand its services to other Melanesian countries from 2015, and possibly China in coming years. The plans follow the launch of its new low-cost domestic subsidiary, Link PNG, which has implications for other state-owned enterprises.
Arbitration talks due to take place in London at the end of this month could have a major influence on the future development of Papua New Guinea’s oil and gas industry.
The Papua New Guinea Treasurer Patrick Pruaitch has presented a record K16 billion national budget for 2015, but with an increased deficit of K2.272 billion.
Record 2015 Budget and higher deficit, Sime Darby happy with 51% of New Britain Palm Oil and Marengo Mining raises funds for drilling program. Your weekly digest of the latest business news.
Westpac CEO to retire, New CEO for ANZ in Vanuatu
Next month’s Mining and Petroleum Investment Conference in Sydney will take a critical look at how the industry can build on recent successful ventures in Papua New Guinea, as it deals with the global downturn.
Allcom PNG and mcr PNG have become the latest technology services companies in Papua New Guinea to consolidate after announcing a merger that will see the enlarged entity realise a number of operational synergies. Business Advantage PNG talks to Luke Byer, Managing Director of the new entity.
New senior appointments at NASFUND, a new director at Steamships, and a new Managing Director at PanAust
Government go ahead for Crater Mountain gold mining, Bank of South Pacific profits rise 16%, study to upgrade Ramu Highway signed. Your weekly digest of the latest business news.
Puma Energy, which acquired the downstream assets of InterOil Corporation in Papua New Guinea in the the middle of 2014, is planning a major US$220 million upgrade of its Napa Napa refinery outside Port Moresby. According to a senior Puma executive, the upgrade will facilitate not only more reliable domestic supplies of petroleum products, but exports.