‘Fundamental change’ needed with Papua New Guinea state-owned enterprises

Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.

People moves: Air Niugini, Kumul Telikom, Highlands Pacific

New MDs at Air Niugini and Kumul Telikom, a board change at Highlands Pacific.

In brief: Kina expected to weaken, and other business news

Kina expected to weaken, Total aims for transparency, and Air Niugini defers planned flights to Shanghai. A weekly digest of the latest business news.

In brief: Ramu NiCo announces K4.8b expansion plans, and other business news

Ramu NiCo announces expansion, Kina Bank celebrates innovation award, and Frieda River Project Accord signed. A weekly digest of the latest business news.

In Brief: KAML announces half-year profit of K1.22m, and other business stories

Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.

In brief: Air Niugini launches new direct routes, and other business news

Air Niugini launches new direct route, Total wins contract for Lihir Gold Mine, and a new state-owned-enterprise is formed. Your weekly digest of the latest business news.

In brief: Foreign exchange inflows improving, and other business news

Foreign exchange inflows improving, Moni Plus opens in Lae, and changes to boards of government-owned businesses. Your weekly digest of the latest business news.

People moves: Steamships, Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power

New director at Steamships, changes at Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power

Public holidays declared in Port Moresby due to APEC summit, says CEO

The two days before the APEC Leaders meeting have been declared national holidays in the National Capital District in Port Moresby, according to Chris Hawkins, the Chief Executive Officer of APEC Papua New Guinea. He told an APEC summit briefing that Papua New Guinea has advantages when it comes to hosting the big event.

In brief: China offers to host Pacific leaders meeting, and other business stories

China offers to host Pacific leaders meeting, NCS awarded gender equality certification, and Samaritan Aviation to bring a second plane into service. Your weekly digest of the latest business news. The Chinese President Xi Jinping is reportedly offering to host a meeting with Pacific leaders in Port Moresby ahead of the APEC leaders summit in […]