Papua New Guinea has participated in its first report to the Extractive Industries Transparency Initiative (EITI), which is a global effort to improve transparency in resource rich countries to help them avoid the so-called ‘resource curse’.
Papua New Guinea participates in a global transparency initiative for the resources industries
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24 Feb 2016 by Leave a Comment
In brief: New Public Enterprises Minister to review state-owned enterprises prior to privatisation, and other business stories
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3 Feb 2016 by
Duma to review SOEs before privatisation process, Santos reported to be selling PNG LNG stake, KCH receives study on proposed 1800MW hydro dam. Your weekly digest of the latest business news.
Power outages in Papua New Guinea’s three main grids the result of inadequate maintenance, not installed capacity: review
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13 Jan 2016 by 4 Comments
An analysis of Papua New Guinea’s three main power grids has revealed that inadequate maintenance of plants and the transmission lines is the primary cause of frequent power outages, according to a review conducting by London-based consultants, Economic Consulting Associates. The review also comes with some recommendations.
Ramu 2 hydropower one of five renewable power projects to boost Papua New Guinea power generation
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17 Dec 2015 by 1 Comment
The Ramu 2 Hydro Power Project is expected to increase total electricity generation capacity in Papua New Guinea by 36%, according to the Managing Director of Kumul Consolidated Holdings, Garry Hersey. It’s one of five new energy projects launched recently.
In brief: Oil Search fends off takeover offer after Woodside shelves bid, and other business stories
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9 Dec 2015 by Leave a Comment
Woodside drops takeover bid for Oil Search, coffee pulper machine installed for smallholders in Jiwaka Province, and market conditions force Hides Gas Development Company to cut workforce. Your weekly digest of the latest business news.
Papua New Guinea’s long-awaited Pacific Marine Industrial Zone launched
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25 Nov 2015 by 2 Comments
Eleven years after the Papua New Guinea government’s National Executive Council approved the scheme, the Pacific Marine Industrial Zone (PMIZ) in Madang Province has finally been launched, with local business leaders saying it will reduce freight costs, speed up transport and reduce congestion at Lae’s wharves.
People moves: Kumul Consolidated Holdings (IPBC), Santos, Harmony Gold
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11 Nov 2015 by Leave a Comment
Heim leaves Deloitte for Kumul Consolidated Holdings, a new Managing Director for Santos in 2016, and Harmony Gold appoints new CEO.
In brief: Santos rejects takeover bid as ‘opportunistic’, and other business stories
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28 Oct 2015 by Leave a Comment
Wealthy royal families’ bid for Santos rejected, the high cost of domestic violence to business, and poor economic news prompts fall in business confidence. Your weekly digest of the latest business news.
People moves: Santos, Konebada Petroleum Park Authority, Bank South Pacific, Lynmark Recruitment
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27 Aug 2015 by
Santos CEO to step down, the board of Konebada Petroleum Park Authority announced and a new Country Manager for BSP in Solomon Islands, and a former Digicel executive starts a new recruitment company
In brief: India expresses interest in buying Papua New Guinea LNG, and other business news
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27 Aug 2015 by
O’Neill says India keen to buy PNG gas, industry divided over vegetable import ban, and Konebada Petroleum Park Authority signs feasibility study deal. Your weekly digest of the latest business news.
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