Work to upgrade 40-kilometre stretch of road between the port of Lae and Nadzab Airport into a four-lane highway is expected to begin in June 2013, according to the Lae Chamber of Commerce and Industry.
News
While Papua New Guinea’s Prime Minister Peter O’Neill says the ‘marriage’ between the two owners of the Ok Tedi copper mine in Papua New Guinea’s Western Province is over, the method of divorce remains a mystery for the time being.
Leighton Holdings has appointed Robert Humphris to the role of Chairman, following the surprise resignation of Stephen Johns. Humphris is the former managing director of Peabody Resources. Paula Dwyer becomes Vice-Chairman.
he Thai Prime Minister’s visits PNG
Radio Australia interviews the CEO of the Port Moresby Chamber of Commerce David Conn on how the visit went.
Business people in Morobe Province are hoping a new timetable, which sees Air Niugini flying between Lae and Cairns via Port Moresby, is the first step towards direct flights between Australia and PNG’s second city.
PNG’s largest superannuation fund, Nasfund, released its annual results earlier this month. Business Advantage PNG spoke with its Chief Executive Officer Ian Tarutia.
Papua New Guinea’s very own gourmet chocolate may have only been on sale for a few weeks, but its production line has already been honoured with a visit from the recent business delegation that accompanied the Thai Prime Minister.
From this month, the European Union (EU) won’t be accepting illegally produced wood products. What impact will its decision have on PNG’s forestry sector?
Papua New Guinea’s first listed investment company, Kina Asset Management Ltd, (KAML) has announced a net profit of K4.73m ($US2.21m) in 2012, compared to a net loss of K9.43m (US$4.41m) the previous year.
Geoffrey Buchanan has been appointed ANZ’s new Chief Executive Officer for the Solomon Islands. Vanguard International has appointed Peter Garnsey as Executive Director in charge of its labour hire/contractor division.