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.

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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.

In Brief: Papua New Guinea’s Prime Minister visit to China and other business stories

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Primer Minister Peter O’Neill travelled to China to attend a business forum, five Members of Parliament resigned and Oil Search outlined the terms of agreement of Papua LNG. Your weekly digest of business news.

Lissenung Island Resort is one of Papua New Guinea’s hidden delights

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Grant Thomas explores Lissenung Island Resort, where diving, snorkelling and surfing are part of the daily routine. The resort is also undertaking important fieldwork to save Papua New Guinea’s endangered turtles.

Air Niugini aiming at K60 million turnaround in 2019, says Chief Executive

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The new Chief Executive of Air Niugini, Alan Milne, says that after two difficult years for the airline, the prospects are looking much better. He says he is adopting a ‘four pillar’ program to transform the carrier.

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

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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.

Air Niugini Cargo offering half price discount on freight exports

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What’s behind Air Niugini Cargo Limited’s recently implemented 50 per cent discount on a range of freight exports?  ANCL’s General Manager, Gus Kraus, explains the thinking behind the move to Business Advantage PNG.