The vision for reforming Papua New Guinea’s power sector is becoming clearer, with power auctions likely to play a major role in driving down electricity prices and helping the country meet its future electricity needs.
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There are signs of optimism in the Papua New Guinea business community, according to a survey of market conditions by the Business Council of Papua New Guinea. It suggests that, while the pandemic has exacted a severe financial toll, businesses have now ‘settled’ and are navigating the challenges of the new environment.
Kumul Petroleum has announced that the PNG government has negotiated an additional seven per cent equity with future joint venture projects with Total after ‘remobilisation talks’ regarding the Papua LNG project in Paris last week.
The Internal Revenue Commission to audit logging companies claiming GST, SP Brewery gets international recognition and PNG DataCo launches COVID-19 website. The business news in brief.
Harmony Gold Mining announces a new Investment Committee Member, the Young Entrepreneurs Group of the Asia Pacific (YEGAP) welcomes a new members to its Executive Committee, and the PNG Hunters appoint a new Commercial Manager.
Exhausted after so many Zoom meetings and the stress of the week? Escape from the world and indulge in a message or wellness treatment from one of Papua New Guinea’s favourite spas.
Last Thursday, Business Advantage PNG hosted a special Papua New Guinea Telecommunications Update with the CEO of PNG DataCo Ltd, Paul Komboi, and telecommunications expert, Dr Amanda Watson. Here are five take-homes from the event.
There are signs of a renewed effort to push ahead on the Total-led Papua LNG project after successful meetings between the company’s CEO and a senior government delegation.
Power outages in Papua New Guinea’s second largest city linked to K60 million debt, government looking into outstanding debts and new partnership between the Morobe Provincial Government and the National Airport Corporation. The business news in brief.
There will be a ‘big shift’ for PNG businesses when they start using cloud technology. Steven Hillyard, General Manager of Pronto Software explains some of the benefits to Business Advantage PNG.