The PNG parliament’s decision to toughen sentences for serious crimes evokes widespread coverage
News
State utility PNG Power has been authorised to start negotiations with Hong Kong-based liquefied gas and power company, Energy World Corporation, to build a new 30MW-to-80MW diesel and gas-fuelled power plant in Port Moresby.
Bank of South Pacific has announced the resignation of company director John Jeffery.
Papua New Guinea’s much-anticipated second gas project could turn out to be an extension of its first, as ExxonMobil commences exclusive negotiations with InterOil and Pacific LNG.
Social media is increasingly influencing Papua New Guinea politicians; a warning that government revenues may fall amid a resources downturn; and more.
Japanese investment in Papua New Guinea’s gas resources has increased, with Japan’s second largest gas company buying a 40% stake in Australia’s Horizon Oil, which has an interest in several PNG petroleum leases.
Thoughts on why so many Australian ministers to visit PNG recently, closer trade ties with Indonesia loom, and Vanuatu’s new PM discusses changing the status quo.
The Papua New Guinea Government plans to have a trade representative located in Jakarta from next year, as it seeks to boost trade and business links with neighbouring Indonesia.
BSP announced the appointment of Haroon Ali as Chief Risk Officer for the BSP Group based in Papua New Guinea. Ali will take over from Robin Fleming, who becomes the BSP Group CEO from 1 June [link].
Papua New Guinea’s largest bank, BSP, has joined PNG’s growing mobile wallet market, with the launch last week of Wantok Moni.