The Australian Government has moved to allay fears that Papua New Guinea companies will lose out on valuable contracts as the Manus Island detention centre is developed by holding business briefings this week.
News
PM rebuffs Australian TV corruption allegations, criticism of Kokoda aid, and where Economist Intelligence Unit ranks Port Moresby.
Finance company Credit Corporation (PNG) Ltd has appointed two new board members.
Pacific leaders in the media spotlight this week, while the business benefits of Manus Island are debated and Australia issues an apology.
While reduced global commodity prices are having a major impact on Papua New Guinea government revenues this year, there are ‘incipient signs of a turnaround’, according to data published in the latest ANZ Pacific Quarterly, released this week.
Twitter, the world’s fastest-growing social media platform, will make a presentation to delegates of the Papua New Guinea Advantage international investment summit in Port Moresby next month, organisers have confirmed.
Munro and Kay switch to Oil Search
Commercial banks in the Solomon Islands have closed down several logging company bank accounts, in a move that will make it almost impossible for those companies to receive export proceeds.
Papua New Guinea role at the Pacific Islands Forum, Papuan self-determination and Australia’s asylum-seeker deal featured in the media this week.
The Independent Public Business Corporation says it is now talking directly with Vodafone UK to bring the global telecommunications giant to run BeMobile PNG.