Bank South Pacific (BSP) had a strong performance in 2015. It was a bright spot for the Papua New Guinea economy. The Chief Executive of BSP, Robin Fleming, says the bank’s profits have allowed the company to increase its payments of dividend income back into the economy.
The Personal Property Security Act 2011 (PPSA) is expected to commence operation in PNG in the first half of this year. It is a significant legislative change that will affect many Papua New Guinea businesses.
With the PNG LNG project now in production, all eyes are on Papua New Guinea’s next likely gas project: Papua LNG. InterOil Corporation has been with the project, based on the Elk-Antelope gas fields in Gulf Province, since its inception. Chief Executive Officer Michael Hession tells Business Advantage PNG why the project is still promising, even in a time of low global gas prices.
A new Company Secretary for Steamships, and Cue Energy’s CEO moves to AWE
Manufacturing affected by downturn in economy, Japanese International Co-operation Agency ready to start Lae-Nadzab Development Project and CPL’s profit comes in at K6.5 million. Your weekly digest of the latest business news.
The United Nations Development Programme (UNDP) has been operating in PNG for 50 years. Roy Trivedy, the UNDP Resident Representative in Papua New Guinea, reflects on the country’s economic and social development and why working together—’Yumi Wok Wantaim’—is vital.
The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
Boosting business literacy skills and opening up access to markets are at the heart of a successful SMEs policy for PNG, two influential business leaders tell Business Advantage PNG.
Ok Tedi’s cashflow plus new loan to ease foreign exchange situation, feasibility study to look at water pipeline from Highlands to Queensland, and illegal fishing in Pacific costs US$660 million a year. Your weekly digest of the latest business news.
Papua New Guinea’s cocoa industry is recovering from the pest, but the cocoa pod borer (CPB) still presents a major challenge and is unlikely ever to be fully eradicated, Cocoa Board of PNG project manager John Moxon tells Business Advantage PNG.