Deputy Chair leaves Harmony Gold, a new director at Credit Corp and resignation at Nambawan Super.
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People moves: Credit Corp, Harmony Gold, Nambawan Super
28 Jul 2022 by Leave a Comment
News
In brief: Papua New Guinea’s Central Bank increases Kina Facility Rate and other business stories
20 Jul 2022 by Leave a Comment
The Bank of Papua New Guinea has increased the Kina Facility Rate, Prime Minister Marape welcomes Telstra, and Phase II of the Central Banking Act gets green lighted. The business news you need today.
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People moves: City Pharmacy Limited, PwC Papua New Guinea, Vodafone
20 Jul 2022 by Leave a Comment
Two executives join the City Pharmacy Limited Board, new Strategy and Transformation Senior Manager at PwC Papua New Guinea, and Vodafone PNG appoints Government Affairs Manager.
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Papua New Guinea’s economy set for medium term growth: IMF
20 Jul 2022 by 2 Comments
Papua New Guinea's economy has weathered the COVID pandemic well, according to the International Monetary Fund's latest Article IV assessment, completed last week. While the assessment paints an improved picture over the medium term, it flags some key reforms that PNG's government still needs to address.
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‘Shovel-ready’: Mayur Resources’ three projects in Papua New Guinea ready for finance
13 Jul 2022 by 1 Comment
Mayur Resources' first three mineral projects in Papua New Guinea are now 'shovel-ready' and ready for financing, according to a letter to investors issued by Managing Director Paul Mulder this week. Mayur's low share price remains an issue, however.
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Supply chain causing major stress for Papua New Guinea’s businesses
13 Jul 2022 by 1 Comment
Global supply chain issues are having a major impact on many businesses in Papua New Guinea. Business leaders tell Business Advantage PNG that delivery delays and higher costs are causing some projects to be slowed or even postponed in key sectors. There are signs, however, that the global situation is improving.
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In brief: Papua New Guinea’s Misima project goes for gold and other business stories
12 Jul 2022 by Leave a Comment
Kingston Resources announces strategic review of Misima gold project, Digicel takes PNG Government to court as Telstra takes control, and direct flights to Fiji and Solomons return. The business news you need today.
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People moves: MiBank, Coppermoly
11 Jul 2022 by Leave a Comment
MiBank announces new Chairperson, new CFO at Coppermoly.
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People moves: International Finance Corporation, Steamships, Credit Corporation (PNG), FX Business Centre
6 Jul 2022 by Leave a Comment
The International Finance Corporation (IFC) announces new Country Manager for the region, Steamships welcomes Corporate Affairs Head, Credit Corporation (PNG) appoints new board member and a new General Manager joins FX Business Centre.
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Papua New Guinea’s cash-strapped power sector looks to reforms
6 Jul 2022 by Leave a Comment
Papua New Guinea's independent power producers are owed in excess of K200 million by state utility PNG Power, which itself is facing revenue challenges, according to industry association, IP3. The situation is being made worse by rising global fuel costs.
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