Figures on visitor arrivals to Papua New Guinea indicate that business travel and tourism are growing but there has been a falling interest the MICE market. The number of people coming to PNG for employment increased markedly.
News
Wafi-Golpu Joint Venture partners receive ‘green light’ to engage in discussions with the State of Papua New Guinea, petroleum licences owe over K10 million and Gerehu to NiuPower gas plant transmission lines completed. The business news you need to kick-start your week.
ExxonMobil announces a new Vice-President of Investor Relations and Corporate Secretary and Digicel PNG Foundation welcomes new members to its Board of Directors.
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.
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.