Oil Search has reported that while it has discovered only ‘modest’ quantities of natural gas during a new exploration campaign in the Gulf of Papua, it will continue drilling in the area.
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Harmony Gold has become the latest gold miner to write-down its Papua New Guinea assets, as a sharp drops in bullion prices force mining companies globally to reassess the profitability of their mines.
The luxury cruise line Carnival Australia has signed a three-year deal with AusAID to boost local business tourism opportunities in Papua New Guinea and Vanuatu.
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?
The Pacific’s tourist sector has been resilient to the falling Australia and New Zealand dollars, according to the July ANZ Bank Pacific Monthly update.
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.
More than 400 delegates attended the inaugural SME Summit in Madang earlier this month. PNG’s Indigenous Business Council President Sir Nagora Bogan explains what will be required to encourage more Papua New Guineans to start their own small and medium-size enterprises.
Construction of a new private wharf and boat ramp in Port Moresby will be completed by the end of the year, according to Karthik Pajjala, General Manager of Avenell Engineering Systems Ltd, the builders of the wharf.
Sonja Heydeman discovers Madang Resort on the northern coast of mainland Papua New Guinea, as part of our series on the country’s most attractive tourist spots.
Paul Barker, the Director of the Institute of National Affairs, reviews the 2013 National Development Forum, organised by the Consultative Implementation and Monitoring Council (CIMC). The national forum is the culmination of four regional forums held over the past six months. This year’s focus was on revitalising services at the District level across Papua New Guinea.