The value of the Papua New Guinea’s currency, the kina, is expected to fall as much as ten per cent over the coming year, after stabilising for the last two months, according to Lead Pacific Economist at ANZ Bank, Daniel Wilson.
News
InterOil to begin eight new wells in Gulf Province, Lae business chamber calls for more fire services, and Bougainville prepares for referendum. Your quick digest of the week’s business news.
Business groups have reacted cautiously to the O’Neill government’s plans to scrap visas on arrival for Australian citizens.
PNG Power price increase postponed, InterOil timeline to be set and Rabaul needs visas on arrival. Your quick digest of the week’s business news.
A new board member at Kina Petroleum, a new chairman of the Mineral Resources Development Corp., and other new appointments.
InterOil Corporation has announced it is teaming up with France’s Total S.A. to develop Papua New Guinea’s second LNG gas project at the Elk and Antelope fields in Gulf Province. How will the new project fit into PNG’s existing LNG landscape?
Tuna agreement ‘disappointing’, call for better rural roads funding, new nursery to raise borer-resistant cocoa. Your quick digest of the week’s business news.
The Australia-PNG Emerging Leaders Dialogue is set to become an annual event.
MD departs insurer and a new board member for BSP
The Pacific demands tuna catch limits, a corruption report injunction lifted, and a call for a national debate on foreign investment laws. Your quick digest of the week’s business news.