Following the passage of enabling legislation in the last sitting of Papua New Guinea’s National Parliament, the long-awaiting restructure of state assets and enterprises under the Kumul name is set begin, with Prime Minister O’Neill setting a target of 1 January 2016 for the transfer of state assets to their new homes.
Kumul restructure to be complete by start of 2016: Prime Minister O’Neill
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19 Aug 2015 by Leave a Comment
People moves: Independent Consumer and Competition Commission, Independent Public Business Corporation
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12 Aug 2015 by Leave a Comment
A new CEO at the Independent Consumer and Competition Commission, and a new General Manager—Projects, at the IPBC.
Two milestones on the way to improved electricity in Papua New Guinea due this month
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5 Aug 2015 by 3 Comments
Two new milestones on the way to boosting electricity access to 70 per cent of Papua New Guineans households are due this month. Business Advantage PNG speaks with Roberto Aiello, Senior Energy Specialist with the World Bank, which is supporting the PNG government with its energy development plans.
People moves: Independent Public Business Corporation, PNG Power, Newcrest Mining, Virgin Australia
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29 Apr 2015 by Leave a Comment
A new Managing Director at the IPBC, a new Executive Director at PNG Power, Newcrest Mining appoints a Chief Development Officer and a new chair for Virgin Australia.
In brief: Low inflows of foreign currency affecting Papua New Guinea businesses, and other business stories
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25 Mar 2015 by Leave a Comment
PNG Bank governor says shortage of forex affecting businesses, interest rates comparatively ‘very high’, and ANZ identifies small inflation rise. Your weekly digest of the latest business news.
People moves: International Finance Corporation, Independent Public Business Corporation
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21 Jan 2015 by
IFC’s PNG Country Coordinator moves on, new Business & Community Manager at IPBC
People moves: Steamships, Indochine and IPBC
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26 Nov 2014 by Leave a Comment
New Managing Director of Steamships, a new Chairman for Indochine Mining and IPBC directors reappointed.
Launch of Link PNG marks start of expansion plans for Papua New Guinea’s national carrier
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26 Nov 2014 by Leave a Comment
Air Niugini is looking to expand its services to other Melanesian countries from 2015, and possibly China in coming years. The plans follow the launch of its new low-cost domestic subsidiary, Link PNG, which has implications for other state-owned enterprises.
Prepare for a ‘tsunami’ of development projects: Independent Public Business Corporation chair
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15 Oct 2014 by Leave a Comment
The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity.
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