Oil Search has announced in a recent strategy update that it will continue to reduce costs and pull back on exploration. However, the company says it intends to make the Papua LNG project a priority.
News
New Chief Executive Officer for the Parties of Nauru Agreement, Credit Corporation appoints Company Secretary and PNG Air welcomes a new Director.
Boardroom briefing: promising vaccines, app to enable global travel, and poultry investment pays off
Vaccines give hope for an end to quarantine, aviation industry launches app to get back in the air, and agritech finds a way to sell eggs before they’ve been laid. Readings from around the world on business, leadership and management.
The current economic conditions are the most ‘challenging in our lifetime’, according to Justin Smirk, Senior Economist at Westpac. He told a Business Advantage PNG briefing that the success of the 2021 National Budget depended on getting Papua New Guinea’s non-resources economy firing.
The Dirio project gets commissioned, Barrick distances from Papua New Guinea’s political turmoil and state-owned enterprises reform on track. The business stories you need to kickstart your week.
Tourism has been one of the biggest hit sectors in the current pandemic taking a global hit worth over $460 billion across the world. The 2020 National Tourism Industry Forum aims to help the troubled industry.
The Solomon Islands unfriends Facebook, not every investor happy about the positive covid-19 vaccine news and the cost of ransomware attacks. Readings from around the world on business, leadership and management.
Parliament sat briefly and unexpectedly yesterday to pass the 2021 National Budget legislation after Speaker Job Pomat ruled that last Friday’s surprise adjournment was illegal. It may not sit again until April 2021.
Nine new ministerial appointments have been announced after last week’s events in Parliament.
Papua New Guinea’s business community now has a new tool for doing business in the country: a user-friendly new online business directory.