Nine new vice-Ministers appointed to the NEC, a new director at Bank South Pacific, a new CEO at Nambawan Super, an acting General Manager at RD Tuna Canners, and new General Managers at Fuji Xerox and Remington Technology
Nambawan Super
Foreign currency issues continue to cause problems, profit announcements for Nambawan Super and Bank South Pacific and InterOil acquisition finalised. Your weekly digest of the latest business news.
A new chief at Hela Provincial Health Authority, a departure at Nambawan, and a new Managing Partner at Deloitte
Trade Minister Richard Maru wants trade issues with Fiji resolved this month, UBS buys into Kina Securities, and ANZ offers debit cards in PNG.
A new Chief Financial Officer at Nambawan Super, and board re-appointments at City Pharmacy Group
Government tells Chinese company to start building Madang’s Pacific Marine Industrial Zone, new Tourism Minister unimpressed with Tourism Promotion Authority and second LNG ship is named Kumul. Your weekly digest of the latest business news.
The CEO of Papua New Guinea’s largest superannuation fund expects 2016/17 to be another year of low growth, with a pickup from 2018 onwards. Nambawan Super’s Garry Tunstall also tells Business Advantage PNG he expects the fund will slightly increase its international investments this year.
Recently released results of some of Papua New Guinea’s major companies indicate that the economic downturn in 2015 put significant pressure on earnings. However, while energy companies suffered most, PNG’s finance sector proved resilient.
Ok Tedi mine reopens after drought causes suspension, Kumul Petroleum renegotiates UBS loan for Oil Search shares and Steamships announces 11% profit increase. Your weekly digest of the latest business news.
The Ok Tedi mine expected to start again in March, the US formally withdraws from fishing treaty, and unions call on government to honour superannuation commitments. Your weekly digest of the latest business news.