People moves: City Pharmacy Limited, MiBank, Steamships

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City Pharmacy Limited names new National General Manager and MiBank announces an addition to the MiBank Board.

People Moves: Mineral Resources Authority, Capital Insurance Group, CPL Group, US Embassy, Unitech

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New Chairman of the Board at the Mineral Resources Authority, Capital Insurance Group welcomes two Independent Board Directors, City Pharmacy Limited announces Board Chairman, new US Ambassador to Papua New Guinea and Vice Chancellor appointed at Unitech.

In Brief: Santos announces plan to buy into P’nyang natural field gas in Papua New Guinea and other business stories

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Santos to become an stakeholder in the P’nyang natural gas field project, an agreement between five telecom companies seeks to advance digitisation in Papua New Guinea, and upgrades to the Muliama–to–Bakok road due to commence soon. Your weekly digest of business news.

In brief: US$8 billion Frieda River feasibility study released and other business stories

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Feasibility study for Frieda River mine in Sepik Province reveals expanded project, government accounts close this Friday and Pacific nations look to extended their exclusive economic zones. Your weekly digest of the latest business news.

In brief: Papua New Guinea to issue Eurobond later this year, and other business stories

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A US$500 million Eurobond to be issued later this year, Government owes US$88 million to local businesses and February earthquake bill to cost five percent of government expenditure. Your weekly digest of the latest business news.

The secret to resilience in tough times according to CPL, Papua New Guinea’s largest retailer

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Many business have reported the current business climate in PNG as ‘quiet’, with some saying income is down about 20 per cent. How has CPL fared? Business Advantage PNG talks to CEO, Ravi Singh.

In brief: Newcrest sells Hidden Valley stake to Harmony and other business news

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Newcrest Mining sells its Hidden Valley stake to Harmony Gold, group marketing of coffee exports to South Korea and an agreement to ban harmful fisheries subsidies. Your weekly digest of the latest business news.