The Papua New Guinea Government has increased its stake in mobile phone company Bemobile, following the collapse of a deal with the Fiji National Provident Fund.
News
Big changes at Ok Tedi Mining, the new chair at Bemobile finally takes his seat, a new exploration manager at Coppermoly and board changes at Nautilus.
Attempts to understand the Ok Tedi acquisition and a powerful television report on corruption in Papua New Guinea, plus a golfing coup for Fiji.
Lukim PNG Nau 2013, a Papua New Guinea tourism promotion event designed to attract national and international operators and agents, has been a huge success, according to both the PNG Tourism Industry Association and PNG Tourism Promotion Authority.
The Californian-based Neptune Pacific Line has agreed to buy a 50 per cent controlling interest in the Pacific Forum Line from the Samoan government.
Expanding the small business sector, managing urbanisation and developing modern communications were the PNG Government’s three priority areas, Prime Minister Peter O’Neill said last week.
In an escalation of the public debate on the ownership of the Ok Tedi mine, the Chairman of the Papua New Guinea Sustainable Development Program Ltd (PNGSDP) has accused the government of ‘stealing’ Ok Tedi Mining Ltd.
Fiji’s military rulers and NZ opposition criticise PM for softening sanctions, while PNG marks Independence Day.
Andrew Cooper has been appointed PNG Country Manager for Cardno.
After negotiations which have lasted since January, Bank of South Pacific (BSP ) and Credit Corporation have entered into a ‘Share Sale and Purchase Agreement’, whereby BSP will acquire of Credit Corporation’s financial services businesses, if Credit Corporation’s shareholders approve.