By introducing a range of specialty services Lae International Hospital has emerged as a leading private health facility in Papua New Guinea’s Morobe Province.
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Kina Group has launched Papua New Guinea’s first non-bank EFTPOS cash card.
Hundreds of millions of dollars is being spent in Papua New Guinea on road repairs and new roads, from Port Moresby to the Highlands and coastal provinces. Business Advantage PNG surveys what the country will get for its money, and considers what is still needed.
Patron and board of new Business Coalition for Women appointed
O’Neill defends loan to buy into Oil Search, economy vulnerable unless security boosted, Manus Detention Centre focus of Abbott/O’Neill talks. Your weekly digest of the latest business news.
The Nuli Sapi resort in Milne Bay has been named one of the world’s top 10 ‘eco-stays’ for 2014 by travel publisher Lonely Planet. Paul Howell spoke with its delighted founders.
Starting from scratch in 1997, R D Tuna Canners has lead the way towards value-adding in PNG’s fisheries sector, turning a greenfield site in Madang into one of the region’s major sources of canned tuna.
There is no question that Papua New Guinea’s manufacturers-which account for about 9% of the country’s GDP – have been caught up in the general downturn in the country’s economy, with a combination of lower investment in the mining and petroleum sectors, lower commodity prices and a stronger currency slowing growth and reducing domestic demand.
2013 was a mixed year for PNG stocks. The Kina Securities Index fell by 14.9% over the year, but was largely influenced by the massive fall in value of the dual-listed Newcrest Mining, the largest company on the Port Moresby Stock Exchange (POMSoX). The Kina Securities Home Index, which excludes overseas stocks, fell only 2%.
PanAust Managing Director stepping down, new board members at Rio Tonto and IndoChine and other senior appointments.