Papua New Guinea’s Cabinet gets a major reshuffle, the United States withdraws from the Paris Agreement, and over 5,000 companies in PNG could have been put on notice for not filling their annual returns. Your weekly digest of business news.
Air Niugini
With successive years of financial losses, an air-crash investigation and ageing fleet, Alan Milne’s first year as Managing Director of Air Niugini was always going to be turbulent. But, 12 months later, a lot has changed.
Olga Fontanellaz dips her toes into the water at Alotau’s annual Kenu and Kundu Festival.
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.
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.
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.
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.
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.
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.
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.