Electrification Partnership beginning of new era for PNG Power

Carolyn Blacklock, the acting Managing Director of PNG Power, says the money that will come from the Papua New Guinea Electrification Partnership established at APEC will greatly assist the roll out of electricity. She says PNG Power has sharply increased the number of connections it is making and is aiming to concentrate on hydropower.

In Brief: KAML announces half-year profit of K1.22m, and other business stories

Kina Asset Management’s half-year net profit, Range View precinct under way, and a local tech company trials its own messaging app. Your weekly digest of the latest business news.

In brief: Oil Search says there is ‘distribution’ problem with payouts, and other business news

Oil Search acknowledges problems with payouts, Frabelle denies shut down and the ICCC starts legal proceedings against Steamships. Your weekly digest of the latest business news.

Mainland CEO outlines ambitious plan to diversify into new crops

Papua New Guinea agribusiness Mainland Holdings is launching into new agricultural sectors to reduce its reliance on imports. Chief Executive David Alcock told the Australia Papua New Guinea Business Forum that the company intends to grow sorghum and soya beans to use as stockfeed in partnership with local farmers.

Mainland CEO calls for Papua New Guinea Land Bank register of landowners to develop crop planting

The CEO of Mainland Holdings wants a national register of landowners willing to lease their land or grow crops on their property. David Alcock has also outlined his company’s plans to boost feedstock for poultry and pigs, to reduce costs and save foreign exchang

In brief: Total to build separate LNG pipeline, and other business stories

Competition concerns prompt Total to build separate LNG pipeline, NICTA chief admits PNG has no cyber attack defence mechanisms, and BCL to step up community engagement. Your weekly digest of the latest business news.

In brief: New Lae power station being launched this week, and other business news

Thermal power station launched this week, PNG DataCo and Telikom share fibre optics, Mainland Holdings expands wheat production. Your weekly digest of the latest business news. PNG Power’s Acting CEO Alex Oa says the new 30-megawatt thermal power station at Munum just outside Lae city in Morobe Province is expected to be commissioned this week. PPL is confident […]

In brief: Business leaders predict job losses, pessimistic about revenue growth in 2017, and other business news

‘More jobs to go’ warning if business continue to rationalise, O’Neill says $S300m loan to be used foreign exchange, Australia funding APEC 2018 to fend off China. Your weekly digest of the latest business news.

People moves: Kina Securities, PNG Cocoa Board, National Airports Corporation, Mainland Holdings

Senior appointments at Kina Securities, a new Director for the PNG Cocoa Board, a new Acting Managing Director at Airports Corporation, and a new Poultry Manager at Mainland Holdings

SME policy launch reflects growing realisation that Papua New Guinea cannot rely solely on the resources sector

The launch of the country’s first master plan to develop the Small and Medium Sized Enterprise (SME) sector reflects a growing acknowledgment by Cabinet ministers that they need to grow sectors other than mining.