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.
Construction of Papua New Guinea’s national broadband network is progressing, with major milestones set be reached by mid 2015, according to technology consultant Sundar Ramamurthy, who is assisting the PNG government’s Independent Public Business Corporation on the project.
Will a change of government in Australia affect Manus Island? A pro-Abbott Australian newspaper thinks not. Meanwhile, Papua New Guinea violence goes global … again.
After a troubled history, the gold mine at Mount Kare in Enga Province was now back on track, Stephen Promnitz, Chief Executive Officer of Indochine Mining, told delegates at the Papua New Guinea Advantage 2103 investment summit this week.
Australian miner Newcrest Mining Limited has delisted from the Toronto Stock Exchange.
The CEO of the PNG Manufacturers Council has called for a mandatory requirement that major contractors building the Manus Island detention centre use local goods and services.
Morobe Mining and PNG Power Chief Executive appointments confirmed this week.
Papua New Guinea’s Prime Minister Peter O’Neill will open the country’s annual investment conference in Port Moresby next Monday.
Corruption and money laundering claims continue to dominate headlines, as NZ politicians favour immunity for Fiji’s current coup leaders.
The PNG Securities Commission says it is not in the national interest for Kulim Malaysia to increase its stake in New Britain Palm Oil Limited (NBPOL).