In brief: Papua New Guinea’s Prime Minister pledges to raise the country’s cash revenue to K15 billion

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Prime Minister James Marape has made a pledge to raise Papua New Guinea’s cash revenue to K15 billion over the next two years, Kumul Consolidated Holdings falls K400 million short from what was budgeted for 2019, and a reconciliation ceremony is proposed between the National Government and the Autonomous Region of Bougainville.

In brief: Oil and Gas Act to be amended and other business stories

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Changes to the Oil and Gas Act, Prime Minister James Marape has announced that he wants to get the Wafi-Golpu gold mine ‘operational at the soonest’, and opposition leader Patrick Pruaitch has presented a case to challenge Marape’s election as prime minister. Your weekly digest of business news.

Review: Cairns International Airport

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Cairns International Airport has a coastal location on the northern fringe of Cairns CBD and was voted fourth from 550 contenders as the best regional airport in the 2019 Skytrax World Airport Awards.

In brief: Papua New Guinea team in Singapore to discuss Papua LNG and other business stories

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Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.

In brief: Papua New Guinea could renegotiate the terms of Papua LNG and other business stories

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Papua New Guinea’s Minister for Petroleum suggests there could be changes to the Papua LNG agreement, Prime Minister James Marape visit to Australia and Air Niugini to put a fleet replacement plan in place. Your weekly digest of business news.

Papua New Guinea’s state-owned enterprises reveal mixed financial results

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Kumul Consolidated Holdings has released the 2018—and 2019 first quarter—financial results for Papua New Guinea’s state-owned enterprises. Business Advantage PNG investigates.

In brief: Papua New Guinea’s Prime Minister appoints twelve Vice-Ministers and other business stories

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Prime Minister James Marape has announced the names of his new Vice-Ministers, Air Niugini to take up the Cairns-Hong Kong route via Port Moresby and SP Brewery opens a cassava plant. Your weekly digest of business news.

In brief: Prime Minister James Marape visits Lae and other business stories

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Papua New Guinea Prime Minister James Marape makes his first provincial visit, the Attorney General Davis Steven moves to establish an Independent Commission Against Corruption (ICAC) and companies that don’t comply with the Independent Consumer and Competition Commission (Amendment) Act could face automatic penalties. Your weekly digest of business news. Last week, Prime Minister James […]

In brief: Total expects new Papua New Guinea Government to honour gas agreement, and other business stories

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Total expects new PNG Government to honour gas agreement, SP Brewery signs a MoU to turn brewing waste into fertiliser and Air Niugini may take over one of Cathay Pacific’s routes. Your weekly digest of business news.

In Brief: Kumul Petroleum and MRL Capital sign a Memorandum of Understanding and other business stories

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Kumul Petroleum Holdings and MRL Capital sign Lihir energy MOU, the CEO of Bank South Pacific sees ‘positive signs’ in Papua New Guinea’s economy and CPL’s new warehouse rises from the ashes. Your weekly digest of business news.