In brief: Outstanding foreign exchange orders almost K1.5 billion says Central Bank and other business stories

Welcome,

Outstanding foreign exchange orders almost K1.5 billion according to Bank of PNG, Newmont makes offer for Newcrest Mining, and progress on Porgera gold mine. Your business news digest.

In brief: Kumul Petroleum signs deal to build fabrication facility and other business stories

Welcome,

Kumul Petroleum signs deal to build fabrication facility, Nasfund announces net profit and feasibility study for the Mongi hydroelectric project. Your business news in summary.

In brief: Steamships to bring Marriott brand to Papua New Guinea and other business stories

Welcome,

Steamships to open first Marriott-branded property in Papua New Guinea, exports of mud crabs to Singapore, and temporary disruptions at Lae port. Your business news in a nutshell.

Papua New Guinea’s Pasana Group: plain sailing

Welcome,

Two brothers have teamed together to teach the new generation of Papua New Guineans traditional canoe skills.

In brief: New gas-fired power plant for Hela and other business stories

Welcome,

Plans for a new gas-fired power plant in Hela, Digicel rejects tower sharing, and the IPA signs a memorandum of understanding with the Immigration and Citizenship Authority. The business news you need today.

In brief: Due diligence starts on Santos/Search merger

Welcome,

Santos and Oil Search potential merger advances, Twinza Oil wants Pandora gas fields license announced before the Pasca A agreement, and funding for Pacific fisheries. PNG business news in brief.

In brief: BSP refutes allegations of breaches to anti-money laundering laws and other business stories

Welcome,

BSP Financial Group Limited responds to accusations, Air Niugini temporarily suspends flights to Cairns and Memorandum of Understanding signed to boost green finance initiatives.

In brief: Ok Tedi Mining suspends flights to Australia and other business stories

Welcome,

Ok Tedi Mining suspends flight to Australia after three miners tested positive to COVID-19, Papua New Guinea continues to battle surge in COVID cases and National Fisheries Authority signs agreement for Daru fishery.

To build or not to build: multibillion dollar Chinese project highlights Western Province’s dilemmas

Welcome,

Reports that a Chinese company has put forward a multibillion dollar plan to develop several areas in Western Province have highlighted the lack of investment in one of Papua New Guinea’s most neglected provinces.

In brief: Papua New Guinea paves the way for Papua LNG, and other business stories

Welcome,

Parliament passed six key pieces of legislation that allow the Papua LNG project to move forward, Australia’s Prime Minister cancels his trip to Papua New Guinea and cocoa farmers in East Sepik Province ready to benefit from new project. The business news you need to kickstart your week.