Discussions between Papua New Guinea government agencies and the developers of the US$9 billion Wafi-Golpu copper-gold project have been put on hold by the country’s National Court while it considers an application for leave for a judicial review. Meanwhile, work under the project’s exploration licence continues.
Kumul Petroleum Holdings and MRL Capital sign Lihir energy MOU, the CEO of Bank South Pacific sees ‘positive signs’ in Papua New Guinea’s economy and CPL’s new warehouse rises from the ashes. Your weekly digest of business news.
The Total-led Papua LNG project looks set to enter its Front End Engineering Design (FEED) phase. It’s a good sign: according to the ANZ’s PNG Economic Outlook, 97 per cent of the gas projects that enter into FEED have a positive final investment decision. David James explores.
The Lamana Hotel is tucked away in the foothills of Waigani, about 10 minutes from the airport and close to government offices. The hotel has a staggering range of accomodation styles and facilities as well as one of Port Moresby’s most authentic Italian food experiences.
After receiving its banking licence five years ago, Women’s Micro Bank expects to deliver its first dividend in 2020. General Manger, Gunanidhi Das, tells Business Advantage PNG, the bank now has 27,000 customers, and aims to have 30,000 next year.
PNG DataCo is in discussions with the operators of the new H2 undersea cable being laid between Sydney and Hong Kong. A branch line into Papua New Guinea could open up greater global connectivity as well as lower prices and improved reliability.
Top places in the world for startups, how to avoid an annual review and a traceability system for the livestock industry in Papua New Guinea. Readings from around the world on business, leadership and management.
The University of Papua New Guinea welcomes a Vice Chancellor, the Judicial and Legal Services Commission of Papua New Guinea announces a new Chief Magistrate and the Global Fund elects a Vice Chair of the Board.
Papua New Guinea’s Parliament looked set to address a motion for a Vote of No Confidence in the O’Neill-Abel Government. However, with Parliament adjourned until late May, exactly when or if a vote will take place is a matter of speculation.
Working with local farmers to get the fundamentals right has led to massive production increases for fresh produce business Hilans Fres in Papua New Guinea’s Western Highlands Province. Advisor Paul Browne explains how it’s been achieved.