Air Niugini subsidiary Link PNG has launched a takeover bid for rival domestic carrier PNG Air – via a share acquisition from Nasfund. With the national airline undergoing significant restructuring, what are the prospects for a sustainable aviation sector in Papua New Guinea?
A report by the Papua New Guinea Tourism Promotion Authority (PNGTPA) has found an industry in crisis with mass cancellations, layoffs and huge losses in revenue. The PNGTPA hopes the cold statistics will force the government to act.
The oil price has been extremely weak but the fall in LNG prices has stabilised and palm oil is up: a monthly review of Papua New Guinea’s commodities and financial markets. Business Advantage PNG’s monthly overview of commodity and financial markets.
Papua New Guinea’s Internal Revenue Commission has announced the appointment of an Acting Commissioner of Tax.
Raising capital in Papua New Guinea during the pandemic, the Chinese city giving residents a ‘health score’ and Microsoft talks tech and the future of pandemics. Readings from around the world on business, leadership and management.
Ok Tedi Mining has announced strong profits and dividends – important because it accounts for over four per cent of Papua New Guinea’s economy. But the future of the company, which has new shareholders, will depend on finding new reserves beyond the Ok Tedi mine’s projected six-year mine life.
The Kumul Submarine Cable lands in Bougainville , the Pasca A gas project is on its way to becoming the first offshore field development in PNG and the PNG Tourism Promotion Authority reveals the impact COVID-19 on the tourism industry. The business news your need to kickstart your week.
Papua New Guinea’s trade is likely to be sharply affected by the COVID-19 crisis and the closure of international borders, according to a report by the National Research Institute. It makes suggestions about how PNG’s traded sector can be supported.
The first in a series of Business Advantage PNG online business briefings tackled the issue of managing your business during the COVID-19 crisis. Mahesh Patel, CEO of CPL Group, and Wayne Osterberg, KPMG PNG’s Director Advisory Services, looked at the critical issues during Papua New Guinea’s state of emergency.
Credit Corporation announces a Chief Operating Officer, Ela Motors welcomes its CEO, the Employers Federation of Papua New Guinea announces a new head, PNG Air appoints an Acting CEO and Solomon Islands gets a new IFC Country Officer.