Melbourne-based mining company, Newcrest Mining Ltd, which has extensive mining assets in Papua New Guinea, has ended the financial year with a net loss of AUD$5.778 billion (K 12.29 billion) for 2012–13.
Features
Papua New Guinea’s Treasurer Don Poyle has called for more public-private partnerships to drive the PNG economy. As the O’Neill government prepares to create an umbrella trust to oversee State-Owned Enterprises and their partnerships with private enterprise, Rowan Callick lays out the test for their success.
Fresh-faced and newly-qualified, Mahesh Patel arrived in Papua New Guinea in 1984 to take up a job as a pharmacist. Almost 30 years on, he speaks with Andrew Wilkins about the building of retail and wholesale conglomerate CPL Group, one of PNG’s most dynamic companies.
Papua New Guinea’s Treasurer Don Polye gave a comprehensive update on the nation’s economic outlook last week. We asked analysts for their reaction.
Christine Iauve, a vegetable farmer from Magautou village, used to keep her hard-earned cash in a safe. Now she, and hundreds of others in rural and remote areas, are getting access to banking services, and setting ambitious goals.
As the Papua New Guinea Government prepares to negotiate the terms of a deal with Australia to improve health services, one solution may lie in the small African nation of Lesotho, which has successfully partnered with the private sector.
The signing of the Regional Resettlement Arrangement between Australia and Papua New Guinea has changed the nature of the bilateral relationship, says the Lowy Institute’s Jenny Hayward-Jones.
Three years ago, ‘Airport Economist’ Tim Harcourt came to Papua New Guinea to see how it was coping after the global financial crisis. In this excerpt from his forthcoming book, Trading Places – The Airport Economist’s Guide to International Business, he reflects on what he found.
The Bank of Papua New Guinea argues that the government should fund its spending plans from the domestic banking system. Meanwhile, the government is ramping up its borrowing from foreign sources. Who is right?
Telikom PNG is upgrading and expanding its network, after earlier this month signing a K600 million (US$200 million) deal with Chinese technology provider Huawei. Chairman Mahesh Patel outlines where the money will be spent and commits the state-owned telco to improving its customer service.