In brief: Quake damage in LNG and Ok Tedi mining areas, and other business stories

ExxonMobil, Oil Search close LNG production facilites after quake, analysts expect kina to fall ‘over the near-term’, and agreement being finalised to allow Philippines farmers to grow rice in PNG. Your weekly digest of the latest business news.

People moves: DHL Global Forwarding, Air Niugini, Olympic Committee

A new Country Manager at DHL Global Forwarding, two Executive appointments at Air Niugini, PNG Sports administrator appointed to Olympic Ethics Committee 

People moves: Bougainville Copper, Westpac, Air Niugini, PNGICSA

A new chair at Bougainville Copper, Westpac appoints a new Pacific Regional Head, a new Sales Manager for Air Niugini in the New Guinea Islands and a new chief migration officer appointed by the National Executive Council

Air Niugini looking to make Jacksons Airport a regional hub says chairman

National airline Air Niugini is helping establish Jacksons International Airport as a regional hub, according to the company’s Chairman, Sir Frederick Reiher. He told the Business Advantage Papua New Guinea Investment Conference that the choice of new routes to China were made with that strategy in mind.

Papua New Guinea should target second tier cities in China, says expert

To deal effectively with China it is best to target second tier cities, David Thomas, Chief Executive of Think Global Consulting, told the Business Advantage Papua New Guinea Investment Conference in Sydney. He said the country’s GDP and middle class will double in the next decade, profoundly altering the world economy.

Papua New Guinea businesses should expect APEC-related income streams from this October

Papua New Guinea businesses should expect income streams from October, 2017, as momentum builds towards the APEC summit in November, next year. The Director-General of the PNG APEC Authority, Sir Charles Lepani, told the Business Advantage Investment Summit in Sydney, towns outside Port Moresby will also benefit.

Papua New Guinea Investment Conference ‘a resounding success’

The Business Advantage Papua New Guinea Investment Conference was held last week in Sydney, successfully showcasing the nation’s potential as an investment destination and canvassing different views from the business community about the opportunities and challenges. A clear picture of the country’s—and the Pacific region’s—great untapped potential emerged.

In brief: Bank of Papua New Guinea to provide US$100m to ease forex pressure and other business stories

Central bank to ease forex pressures with US$100m, new Lands Minister promises to clean up corruption in his department, and the cost of childhood malnutrition estimated at K1.6 billion annually. Your weekly digest of the latest business news

Brand poll shows that well-established companies dominate in Papua New Guinea

A new online survey by Business Advantage PNG to identify Papua New Guinea’s most recognisable local brands suggests that there are four stand out companies. So, what makes brands ‘stick’ with consumers?

People moves: Interim Cabinet appointments, Air Niugini, Securities Commission of PNG, Maigari Limited, KPMG, Akzo Nobel (PNG), Pacific Foam Group

O’Neill appoints new Treasurer, a new Chair of the Securities Commission, Air Niugini appoints first woman to head a subsidiary,  Ramu landowner board appointments, new partner at KPMG, a new CEO at Akzo Nobel, and a Group Operations Manager at Pacific Foam Group