News

In brief: Funding freeze on Pacific Marine Industrial Zone lifted, and other business stories

China lifts freeze on funding for Pacific Marine Industrial Zone, only five SABL leases handed back and Malaysian company to build satellite township in Central province. Your weekly digest of the latest business news.
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The quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit

The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.
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In brief: PNG LNG project makes a significant contribution to landowner companies, and other business stories.

Local landowner companies benefit from PNG LNG project, PNG Government takes Woodlark stake, and Buka Airport disrupted by shut down. Your weekly digest of the latest regional business news.
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Raft of privatisations to come says Papua New Guinea Prime Minister, Peter O’Neill

The partial privatisation of Air Niugini will be the first in a series of privatisations. Opening the 2014 Papua New Guinea Advantage Investment and Infrastructure Summit in Port Moresby this week, Prime Minister Peter O’Neill said removing government ownership will reduce waste, inefficiencies and corruption.
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In brief: O’Neill declares PNG moving towards a new regime of ‘managed economic growth’ and other business stories.

A new approach to managing PNG’s economy, Manus Island detention centre to be 'wound down', and PNG cricketers turning professional. Your weekly digest of the latest regional business news.
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