Forex turnover more than K4b in October, call for joint PNG-Australia coastguard initiative, and one kina chocolate bar on sale locally. Your weekly digest of the latest business news.
National Capital District
Negotiating to upgrade roads, using aid for development, and refunds to domestic fishing companies. Your weekly digest of the latest business news.
A new City Manager for the NCD, a new General Manager for Hilton, and CPL MD returns
The National Central District has launched an urban development program, which will run into the middle of next year. Governor of Port Moresby, Powes Parkop, said he will be looking to upgrade Port Moresby’s settlements and explore ways to offer residents title.
Papua New Guinea’s two major cities, Port Moresby and Lae, are the heartbeat of the economy. David Conn, Chief Executive of the Port Moresby Chamber of Commerce and Industry (POMCCI) and Alan McLay, President of the Lae Chamber of Commerce (LCCI) reflect on the changes that have occurred in their respective cities over the last decade.
Papua New Guinea’s APEC 2018 Coordination Authority is on track to deliver its budget for the 2018 event later this year, with interim CEO Christopher Hawkins saying it will highlight the opportunities the business sector can capitalise on.
New technology may reduce internet charges, Vanuatu assesses cyclone damage and Newcrest buys Wamum gold project. Your weekly digest of the latest business news.
The Chairman of Papua New Guinea’s Independent Public Business Corporation (IPBC), Paul Nerau, has flagged a ‘tsunami’ of government-backed development projects worth billions of kina, including the relocation of Port Moresby’s port and gas-generated electricity.
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.
By opening a high-end hotel and corporate function centre targeting business travellers, TST Group of Companies is taking advantage of the need for more of these facilities in Port Moresby.