Radio Australia reports that PNG Prime Minister Peter O’Neill has ‘ blasted his public service over the granting of controversial [SABL] leases’ and more …
News
Papua New Guinean finance company Credit Corporation, the target of recent buyout interest from BSP, has posted increased profits of K106.11 million in the financial year ending 31 December 2012.
The codeshare arrangement between Airlines PNG and Virgin Australia should be allowed to continue, according to a draft decision released yesterday by the Papua New Guinea Independent Consumer and Competition Commission (ICCC).
New Chair for Fincorp
Trade mission from Cairns
Oil and gas exploration and production company, Oil Search, has reported a US$175.8 m profit in its preliminary annual results, a 13% fall on last year, which the company attributes to high exploration expenses.
New Chair of Oil Search
New Britain Palm Oil Limited reported a 70.4% gross profit decrease to US$81.6m in 2012.
PNG’s first privately-built hydro electricity power station has opened in Bulolo, Morobe Province.
Electronic submission of tax returns and assessments, and a simpler Papua New Guinea tax system are just two of the measures to be delivered under the Internal Revenue Commission’s (IRC) new 2013 to 2017 corporate plan, launched last month.