Trump pulls out of APEC, China Navigation knocked back, and PNG on the verge of entering international capital markets. Your digest of the latest business news.
In Brief: Oil Search makes gas discovery and other business news
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A new gas discovery by Oil Search, special economic zone proposed for West Sepik province and new climate deal inked. Your weekly digest of the latest business news.
In brief: Fiji codeshare takes off, and other business stories
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Fiji codeshare gets off the ground, trade talks with Australia, and Goroka Airport now welcoming jets. Your weekly digest of the latest business news.
In brief: Papua New Guinea on the cusp of a ‘super cycle’ in mining investment, says the ANZ, and other business stories
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Papua New Guinea economy on the cusp of a mining boom, kina’s fair value ‘around US 23-25 cents’, and niche tourism could nearly triple tourism numbers in 10 years. Your weekly digest of the latest business news.
In brief: Public debt stands at 31.9 per cent of GDP, and other business stories
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Total public debt stands at K23.5 billion, review of gun licences for private security firms likely, and People’s Micro Bank to be commercialised later this year. Your weekly digest of the latest business news.
In brief: Frieda River partners go into arbitration, and other business stories
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Frieda River partners seek arbitration to resolve dispute, Livestock Development Corporation ‘defunct’ and food labelling remains an issue. Your weekly digest of the latest business news.
In brief: CPL recovering from fire at headquarters and warehouse, and other business stories
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‘Too early’ to identify cause of fire at country’s largest retailer’s headquarters and warehouse, assessment of submarine cable underway, and Competition Commission says InterOil takeover may affect market for pipelines. Your weekly digest of the latest business news.
People moves: Independent Consumer and Competition Commission, Geopacific Resources
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Competition Commissioner reappointed, Geopacific Resources appoints CFO
In brief: Agriculture Minister calls for annual 10% Budget investment in sector and other business stories
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Tomscoll says government must invest in agriculture if the economy is to survive, government waiting for Chinese funding of PMIZ a year after launch, and O’Neill discusses closer ties with Thailand. Your weekly digest of the latest business news.
Rice policy may end our rice production in Papua New Guinea, says Trukai CEO
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The effect of the government’s proposed rice policy will basically ‘shut us down’, says Greg Worthington-Eyre, CEO of the country’s main rice importer and producer, Trukai Industries. His warning follows a prediction of price rises by the Independent Consumer and Competition Commission, and a warning by the Australian government the policy could breach WTO rules.
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