Prime Minister James Marape has made a pledge to raise Papua New Guinea’s cash revenue to K15 billion over the next two years, Kumul Consolidated Holdings falls K400 million short from what was budgeted for 2019, and a reconciliation ceremony is proposed between the National Government and the Autonomous Region of Bougainville.
Minister for Petroleum Kerenga Kua is in Singapore to discuss the Papua LNG agreement, Papua New Guinea’s Kumul Consolidated Holdings announces its profits for the first half of 2019, and the United Nations Development Program Pacific Office opens the first Accelerator Lab in the region. Your weekly digest of business news.
Prime Minister Marape asks China to consider a Free Trade Agreement with Pacific island countries; Kumul Consolidated Holding reveals construction plans for Port Moresby, and an agreement has been reached to recommence the Carbon Trading Project in East Sepik Province. Your weekly digest of business news.
Kumul Consolidated Holdings has released the 2018—and 2019 first quarter—financial results for Papua New Guinea’s state-owned enterprises. Business Advantage PNG investigates.
Kumul Consolidated Holdings, the holding company for Papua New Guinea’s state-owned enterprises (SOEs), has released its Year in Review. It says that 2018 has been ‘particularly difficult and challenging’ for the country’s SOEs and that a fundamental change is necessary if the enterprises are to expand.
Chairman and Director of Kumul Consolidated Holdings removed, an Acting Managing Director at Waghi Mek (Coffee) Plantation, and a new General Manager at Terrain Tamer
A new Chairman for Solar Solutions, and a new board for KAL
New director at Steamships, changes at Air Niugini, Kumul Consolidated Holdings, PNG Post, PNG Power
Carolyn Blacklock has been appointed the new acting Managing Director of PNG Power. Business Advantage PNG talks to her about where the utility is headed.
A new National Sales Manager at Fimali, an acting company secretary at Rawson, and a chief operating officer at KCH.