Moves to reserve small businesses for locals, Court rescinds orders preventing Ok Tedi from dumping waste and BSP records 11% profit increase. Your digest of the week’s business news.
News
The jockeying for positions in what could be Papua New Guinea’s second liquefied natural gas project has taken a surprising turn, with Oil Search purchasing Pac LNG’s holding in the Elk and Antelope gas fields in Gulf Province.
The newly-upgraded Crossroads Transit Hotel aims to address a shortage of hotel rooms in Lae, Morobe Province.
A new Papua New Guinea Petroleum and Energy Minister amid Cabinet reshuffle, plus changes at Newcrest.
PNG’s new Petroleum Minister, officials in Abu Dhabi to negotiate Oil Search bond buyback, and the cost of Manus Detention Centre detailed. Your weekly digest of the latest business news.
The ban on visas on arrival for Australians entering Papua New Guinea comes into effect on Saturday 1 March, making it harder for Australians to enter PNG now than for many other countries.
Nautilus Minerals intent on deep sea mining, despite cancelling government agreement, says its CEO.
Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.
Board changes at Air Nuigini, Talisman Energy’s CEO to step down and other senior appointments.
Business in Papua New Guinea is now starting to focus on the looming deadlines for the country’s taxation review – a review that could have major implications for business, including the country’s resources sector.