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
In Brief: O’Neill urges Papua New Guinea to produce ‘more high-quality exports’, and other business stories
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12 Aug 2015 by Leave a Comment
More high-quality exports needed for PNG, new approaches will assist PNG in meeting energy demand, and Japan’s Pan Pacific expects copper recovery. Your weekly digest of the latest business news.
In brief: National Petroleum Company prepares to raise investment billions, and other business stories
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15 Apr 2015 by Leave a Comment
National Petroleum Company to appoint a specialist debt-raising adviser for new oil and gas projects, Treasury says public debt above 35% limit and anti-corruption hotline more successful than expected. Your weekly digest of the latest business news.
In brief: PNG LNG project plans investment decision on third train in 2017, and other business stories
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21 Jan 2015 by
PNG Government signs agreement with PNG LNG project partners, UN expects significant economic growth in PNG, and National Petroleum Company to revise annual plan following oil crash. Your weekly digest of the latest business news.
In brief: the first stage of Lae’s port upgrade is completed, and other business stories
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14 Jan 2015 by
Lae port upgrade reaches milestone, Respol acquires Talisman Energy, and PNG forecast for significant economic growth. Your weekly digest of the latest business news.
In brief: Conn says Port Moresby businesses have ‘lost hope’ in security in Papua New Guinea, and other business stories
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10 Dec 2014 by
Violence takes a toll on businesses in Papua New Guinea, Anglo American and Highlands Pacific form joint venture, and Sime Darby extends takeover deadline for NBPOL. Your weekly digest of the latest business news.
The quotable 2014 Papua New Guinea Advantage Investment & Infrastructure Summit
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11 Sep 2014 by 2 Comments
The Papua New Guinea Advantage Investment and Infrastructure Summit was held in Port Moresby this week. Over two days, delegates heard about Port Moresby becoming ‘the Dubai of the Pacific’, tax incentives in the 2015 Budget and how to develop relationships with Chinese business. Here are some highlights.
In brief: National Roads Authority and Planning Minister discuss state of PNG roads, and other business stories
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30 Jul 2014 by Leave a Comment
National Roads Authority and Planning Minister discuss state of PNG roads, National Airports Corporation releases commercial tenders at POM, and Cue Energy puts PNG assets on market. Your weekly digest of the latest business news.
National Petroleum Company aims to deliver long-term benefits, says Kramer
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21 May 2014 by Leave a Comment
As the PNG LNG project enters its operational phase, Frank Kramer, Chairman of the National Petroleum Company of Papua New Guinea (which will hold and manage the government’s 16.8% stake) outlines his vision for managing the country’s hydrocarbon assets.
In brief: two or three new LNG trains coming and other stories
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23 Apr 2014 by Leave a Comment
More LNG trains likely for Papua New Guinea, Chamber of Commerce comes out in support of INA head, and gas-fired power may be coming to Port Moresby. The week’s business news in brief.
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