In brief: Kumul Petroleum awards contracts for a new power generation facility and other business stories

Welcome,

Kumul Petroleum Holdings advances plans for a new power generation facility, new Australian new travel requirements and Ok Tedi Mining announces final dividend. Your round-up of the latest business news.

2020: the year in review for Papua New Guinea business

Welcome,

COVID-19, Porgera and politics may have monopolised the attention of the media, but 2020 brought many other challenges, unexpected changes and triumphs for business. Here’s how Business Advantage PNG reported on this extraordinary year.

People moves: Nasfund, Mayur Resources, PNG, Tourism Promotion Authority, Barrick Gold

Welcome,

Moves at Nasfund, Mayur Resources announces Non-Executive Director, Papua New Guinea Tourism Promotion Authority elects new CEO and Barrick Gold welcomes a new member to its board.

In brief: Prime Minister Marape commits K50 million to agriculture and other business stories

Welcome,

Marape launched the Agriculture Medium Term Development Plan 2020 -2022 and committed K50 million to the sector, the PNG Electrification Partnership makes progress and Misima gold project takes first steps towards environmental approvals. The business news you need to kickstart your week.

Cementing their position: Mayur Resources’ big plans for Papua New Guinea

Welcome,

Mayur Resources has just released its annual report, providing an update on its diverse portfolio of mining and energy projects in Papua New Guinea, including the Central Cement and Limestone project.

In brief: Papua New Guinea and Japan strengthen ties and other business stories

Welcome,

Papua New Guinea and Japan sign a Statement of Intent, PNG launches a National Energy Policy and potential changes to the way Kumul Petroleum Holdings and Kumul Mineral Holdings operate. The business news you need to kickstart your week.

In brief: Coral Sea Cable wholesale internet rates to plummet and other business stories

Welcome,

New Ireland Province signs deal with Zenith to build three solar plants, inadequate water levels in the Fly River impact Ok Tedi Mining’s operations, and Bmobile and Huawei PNG sign a deal to roll out 5G in Papua New Guinea’s Port Moresby. The business news you need to kick-start your week.

Mayur Resources pursuing diverse projects in Papua New Guinea

Welcome,

Mayur Resources, a diversified mineral exploration and energy company, continues to pursue three very different projects in Papua New Guinea. In this exclusive interview, Managing Director Paul Mulder outlines the company’s progress.

In brief: Oil Search cuts 2019 capital spending budget and other business stories

Welcome,

Oil Search has cut its 2019 capital spending budget, delays in the Wafi-Golpu project has lead to job loss, and Bank South Pacific reports liquidity in Papua New Guinea’s banking sector has decreased. Your weekly digest of business news.

In Brief: Concern about changes to investment laws and other business stories

Welcome,

Business concern about Papua New Guinea’s new foreign investment laws, a new strategy to develop the financial sector and Oil Search CEO receives award. Your weekly digest of the latest business news.