A new World Bank report details a worsening of Papua New Guinea’s economic prospects and finances. It says that the country is ‘steadily’ losing foreign exchange.
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Goldman Sachs bans all-male IPOs, coronavirus hits international shipping and how SMEs can market better.
The Pacific Tourism Organisation announces a Finance and Corporate Services Manager, new Board of Directors for the National Airports Corporation and the ACP Group appoints a Chairperson of the Committee of Ambassadors.
The court deadlock over the Wafi-Golpu project has ended with the National Court in Lae throwing out the injunction relating to the Memorandum of Understanding (MOU) that had brought the project to a halt. It opens the door for a potential US$5.4 billion (K18 billion) investment into Papua New Guinea.
The World Bank predicts slower GDP growth for Papua New Guinea, P’nyang could still be on the table and fibre optic cable landing to start in Vanimo. The business news you need to kick-start your week.
Papua New Guinea tourism could benefit from new ‘wellness’ trend, OPEC worries over coronavirus effect and plastic bag woes. Readings from around the world on business, leadership and management.
An Independent Director joins Nasfund, Newcrest announces changes to its Executive Committee, the Constitutional Law Reform Commission appoints a Secretary and the British High Commission reopens in Tonga.
The first phase of the Papua New Guinea Government’s new ‘State-in-a-Phone’ project aims to give citizens access to an online government information portal before the end of the year. There will also be benefits for business.
You always have to be prepared for surprises in PNG, but it certainly looks like the ExxonMobil-led P’nyang gas project will not proceed in its current form, following the Government’s withdrawal from negotiations over the gas agreement for the project.
Papua New Guinea says no to P’nyang gas project, Prime Minister James Marape confident in ‘five-train LNG’ and new date for plastic bag ban. The business news you need to kick-start your week.