Papua New Guinea’s Tourism Promotion Authority reveals bleak outcome for 2020, Kumul Petroleum Holdings gets three petroleum retention licenses and new equity holders for PNG LNG. The business news in brief.
NASFUND
COVID-19 forces Papua New Guinea’s Ok Tedi Mining to shut operations, PNG Biomass Project decision due in later this year and Mendi Airport completion expected in October. Your business news summarised.
Japan helps Papua New Guinea with a generous loan, the Internal Revenue Commission launches its annual work plan and Prime Minister Marape visits Jiwaka Province.
A study of retirement funds in the Pacific suggests Papua New Guinea’s superannuation funds should diversify their investments more. It also says COVID-19 has had an effect on the funds’ liquidity.
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.
The Papua New Guinea Olympic Committee welcomes a Marketing and Events Coordinator, Femili PNG announces its Inaugural Patron,the National Superannuation Fund gets two Papua New Guinean stars for the role of Joint Chief Investment Officer and the Oceania Customs Organisation gets a new Enforcement Officer.
K92 Mining welcomes a new board member, Telikom PNG appoints a new Acting CEO and NCSL’s Board of Directors gets a Deputy Chairman.
Papua New Guinea’s COVID-19 cases on the rise, Twinza Oil commences negotiations on Pasca-A, and K135 million for agriculture. The business news you need to kickstart your week.
Two join NASFUND’s Board of Directors and PNG Ports announces a new Chief Operations Officer.
An investigation has cleared Horizon Oil of any wrongdoings in Papua New Guinea, PNG amends Oil and Gas Act and NASFUND revamps its image. The business news you need to kickstart your week.