Mid-year economic and fiscal outlook released, pursuing certification of tuna fishing, and polio certificates required for international travel. Your weekly digest of the latest business news.
China Exim Bank
Negotiating to upgrade roads, using aid for development, and refunds to domestic fishing companies. Your weekly digest of the latest business news.
Treasurer Charles Abel said the rise of China is creating opportunities for Papua New Guinea. But he also pointed to potential risks and a need to develop PNG’s relationship with Australia.
Total SA Chairman says company is planning to commence construction of LNG plant in 2018, Ramu NiCo ordered to stop operating nickel mine and Harmony Gold reports ‘continuing exploration success.’ Your weekly digest of the latest business news.
Pacific Marine Industrial Zone construction to start this month, personnel emoluments overruns costing PNG millions, and Newcrest Mining delivers profit. Your weekly digest of the latest business news.
Pacific leaders have been the recipients of largesse from India’s Prime Minister and China’s President, who met in Fiji last week. Meanwhile, a new ANZ report details the increasingly close links between China’s aid and its investment in the Pacific.
China lifts freeze on funding for Pacific Marine Industrial Zone, only five SABL leases handed back and Malaysian company to build satellite township in Central province. Your weekly digest of the latest business news.
The Bank of Papua New Guinea argues that the government should fund its spending plans from the domestic banking system. Meanwhile, the government is ramping up its borrowing from foreign sources. Who is right?
Telikom PNG is upgrading and expanding its network, after earlier this month signing a K600 million (US$200 million) deal with Chinese technology provider Huawei. Chairman Mahesh Patel outlines where the money will be spent and commits the state-owned telco to improving its customer service.
Work to upgrade 40-kilometre stretch of road between the port of Lae and Nadzab Airport into a four-lane highway is expected to begin in June 2013, according to the Lae Chamber of Commerce and Industry.
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