Minister expresses disappointment over P’nyang negotiations, companies owe about K1.8 billion in salaries and wages to the Internal Revenue Commission, and Australia is set to provide over K1 billion loan to PNG. Your weekly digest of business news.
BSP (including Financial Group)
In this exclusive interview, Bank South Pacific’s Chief Executive Officer, Robin Fleming, speaks with Business Advantage PNG about the real impact of Papua LNG and P’nyang, how power cuts are affecting mobile banking and the prospects for business in 2020.
One of the sectors to receive a boost from improved internet connectivity in Papua New Guinea will be its business services sector, according to a panel of experts speaking at the recent Business Advantage PNG Investment Conference. David James examines some of the likely opportunities.
Ramu Nico Mine resumes operations, Chile’s president cancels the 2019 APEC Leader’s Week, and Bank South Pacific releases its third quarter results. Your weekly digest of business news.
Bank South Pacific welcomes a new Group General Manager Compliance and Pacific Towing appoints a Safety Manager.
Parliament passes Papua LNG Project Amendments Bills, the Minister for Petroleum announces that the P’nyang gas field project will be a standalone project, and Twinza Oil says it expects the first production of liquids from the Pasca A condensate gas field by 2022. Your weekly digest of business news.
A new Chairman of Westpac PNG, BSP Vanuatu appoints first female board member
Bank South Pacific is broadening its digital offering, according to Nuni Kulu, BSP’s General Manager, Digital. She told the 2019 Business Advantage Papua New Guinea Investment Conference that technology is driving big changes in the banking landscape.
Six Papua New Guinean companies discuss the benefits of superannuation contributions and share with Business Advantage PNG why it can help companies reduce attendance problems and increase loyalty through super.
Papua New Guinea’s stock exchange changes its name, Oil Search signs MoU to help sustainable agriculture, and PNG Power reviews financial reporting. Your weekly digest of business news.